FDX vs ZJYL: Correlation
FedEx (FDX) and JIN MEDICAL INTERNATIONAL LTD. - Class A (ZJYL) show a negative relationship: their 3-year correlation of weekly returns is -0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FDX and ZJYL?
Across a 3-year window, the weekly returns of FDX and ZJYL correlate at -0.18, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.25) than the 3-year average (-0.18). Stretching to 5 years gives n/a, with an annualized covariance of -1520.4 %².
Within FDX's tracked universe of 36 assets, ZJYL comes in at #29 by 3-year correlation. Correlation aside, the last 12 months split them widely, with FDX ahead by 166.3 points (+80.6% versus -85.7%). Risk is not evenly split, since ZJYL carries 8.8 times the volatility of the other side.
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.
FDX vs ZJYL: side by side
| FDX (FedEx) | ZJYL (JIN MEDICAL INTERNATIONAL LTD. - Class A) | |
|---|---|---|
| 1-year return | +80.6% | -85.7% |
| 5-year return | +71.0% | n/a |
| Volatility (ann.) | 30.7% | 270.7% |
| Beta vs S&P 500 | 0.89 | 1.23 |
| Max drawdown (3Y) | -35.9% | -99.3% |
| Market cap | $78.4B | $0.2B |
| P/E (trailing) | 18.1 | 13.1 |
| Dividend yield | 1.66% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | FDX | ZJYL |
|---|---|---|
| 2022 | -31.6% | – |
| 2023 | +49.1% | – |
| 2024 | +13.5% | -93.7% |
| 2025 | +5.1% | -71.7% |
| 2026 | +43.5% | -46.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FDX and ZJYL good diversifiers for each other?
Yes. With a correlation of -0.18, FDX and ZJYL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FDX and ZJYL?
The FDX/ZJYL correlation stands at -0.18 on a 3-year window (1 year: 0.25, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is ZJYL a good diversifier for FDX?
Yes. With a correlation of -0.18, FDX and ZJYL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.18 mean?
A reading of -0.18 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/fdx-vs-zjyl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fdx-vs-zjyl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FDX correlations · ZJYL correlations
