ETN vs JCI: Correlation
Measured on weekly returns over the past three years, Eaton Corporation (ETN) and Johnson Controls (JCI) carry a correlation of 0.57, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ETN and JCI?
Across a 3-year window, the weekly returns of ETN and JCI correlate at 0.57, moderate. The relationship has been stable: the 1-year correlation (0.57) sits close to the 3-year figure. Stretching to 5 years gives 0.60, with an annualized covariance of 480.9 %².
Among the 44 assets we track against ETN, JCI ranks #23 by 3-year correlation. On 12-month performance JCI holds a 11.2-point edge, +19.7% against +30.9%. This link changes with the market regime, having swung between 0.15 and 0.70 on a rolling one-year basis.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ETN vs JCI: side by side
| ETN (Eaton Corporation) | JCI (Johnson Controls) | |
|---|---|---|
| 1-year return | +19.7% | +30.9% |
| 5-year return | +164.1% | +108.2% |
| Volatility (ann.) | 30.2% | 28.1% |
| Beta vs S&P 500 | 1.33 | 0.98 |
| Max drawdown (3Y) | -34.5% | -21.1% |
| Market cap | $161.6B | $86.1B |
| P/E (trailing) | 42.4 | 40.1 |
| Dividend yield | 1.02% | 1.11% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | ETN | JCI |
|---|---|---|
| 2022 | -7.2% | -19.3% |
| 2023 | +56.2% | -7.6% |
| 2024 | +39.5% | +39.8% |
| 2025 | -2.8% | +53.0% |
| 2026 | +31.7% | +19.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ETN and JCI good diversifiers for each other?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ETN and JCI?
As of 2026-08-27, the correlation of weekly returns between ETN and JCI is 0.57 over 3 years, 0.57 over 1 year and 0.60 over 5 years.
Is JCI a good diversifier for ETN?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.57 mean?
On the −1 to +1 scale, 0.57 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/etn-vs-jci.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/etn-vs-jci/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ETN correlations · JCI correlations
