EVR vs JEF: Correlation
How closely do Evercore Inc. (EVR) and Jefferies Financial Group Inc. (JEF) trade together? Their weekly returns over three years give a correlation of 0.77, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVR and JEF?
Across a 3-year window, the weekly returns of EVR and JEF correlate at 0.77, strong. Recent behaviour matches the longer record: 0.72 over 1 year against 0.77 over 3. Stretching to 5 years gives 0.78, with an annualized covariance of 1088.8 %².
Within EVR's tracked universe of 22 assets, JEF comes in at #5 by 3-year correlation. On 12-month performance EVR holds a 6.9-point edge, -9.0% against -15.9%.
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.
EVR vs JEF: side by side
| EVR (Evercore Inc.) | JEF (Jefferies Financial Group Inc.) | |
|---|---|---|
| 1-year return | -9.0% | -15.9% |
| 5-year return | +125.5% | +73.8% |
| Volatility (ann.) | 35.8% | 39.3% |
| Beta vs S&P 500 | 1.64 | 1.57 |
| Max drawdown (3Y) | -47.9% | -54.4% |
| Market cap | $11.2B | $10.7B |
| P/E (trailing) | 16.4 | 14.8 |
| Dividend yield | 1.19% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EVR | JEF |
|---|---|---|
| 2022 | -17.6% | -8.5% |
| 2023 | +60.6% | +27.7% |
| 2024 | +64.3% | +98.8% |
| 2025 | +24.3% | -18.8% |
| 2026 | -13.7% | -12.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVR and JEF good diversifiers for each other?
Only partially. A correlation of 0.77 means EVR and JEF share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between EVR and JEF?
As of 2026-08-27, the correlation of weekly returns between EVR and JEF is 0.77 over 3 years, 0.72 over 1 year and 0.78 over 5 years.
Is JEF a good diversifier for EVR?
Only partially. A correlation of 0.77 means EVR and JEF share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.77 mean?
A reading of 0.77 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/evr-vs-jef.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/evr-vs-jef/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EVR correlations · JEF correlations
