FDS vs JKHY: Correlation
FactSet (FDS) and Jack Henry & Associates (JKHY) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FDS and JKHY?
Over the past 3 years, FDS and JKHY moved with a correlation of 0.46, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.56 versus 0.46 over 3 years. Over 5 years the correlation is 0.44, and the annualized covariance of weekly returns is 334.1 %².
Among the 32 assets we track against FDS, JKHY ranks #16 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months JKHY outperformed by 24.4 percentage points (-18.6% for FDS against +5.8% for JKHY). The rolling one-year correlation moved between 0.18 and 0.57 over the past three years, a moderate range.
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.
FDS vs JKHY: side by side
| FDS (FactSet) | JKHY (Jack Henry & Associates) | |
|---|---|---|
| 1-year return | -18.6% | +5.8% |
| 5-year return | -15.8% | +2.6% |
| Volatility (ann.) | 31.9% | 23.0% |
| Beta vs S&P 500 | 0.56 | 0.21 |
| Max drawdown (3Y) | -61.1% | -35.4% |
| Market cap | $10.8B | $12.1B |
| P/E (trailing) | 19.5 | 24.7 |
| Dividend yield | 1.51% | 1.38% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | FDS | JKHY |
|---|---|---|
| 2022 | -16.7% | +6.2% |
| 2023 | +20.0% | -5.7% |
| 2024 | +1.6% | +8.7% |
| 2025 | -38.9% | +5.5% |
| 2026 | +6.0% | -6.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FDS and JKHY good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FDS and JKHY?
As of 2026-08-27, the correlation of weekly returns between FDS and JKHY is 0.46 over 3 years, 0.56 over 1 year and 0.44 over 5 years.
Is JKHY a good diversifier for FDS?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 mean?
A reading of 0.46 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/fds-vs-jkhy.json
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Related comparisons
Hubs: FDS correlations · JKHY correlations
