FIS vs JKHY: Correlation
How closely do Fidelity National Information Services (FIS) and Jack Henry & Associates (JKHY) trade together? Their weekly returns over three years give a correlation of 0.55, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FIS and JKHY?
Over the past 3 years, FIS and JKHY moved with a correlation of 0.55, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.68 versus 0.55 over 3 years. Over 5 years the correlation is 0.50, and the annualized covariance of weekly returns is 345.6 %².
JKHY is one of the assets that tracks FIS most closely: it ranks #2 out of the 33 assets we track against FIS. Their recent paths diverged sharply: over the last 12 months JKHY outperformed by 45.8 percentage points (-40.0% for FIS against +5.8% for JKHY). Across three years, the rolling one-year figure varied moderately, from 0.29 to 0.76.
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.
FIS vs JKHY: side by side
| FIS (Fidelity National Information Services) | JKHY (Jack Henry & Associates) | |
|---|---|---|
| 1-year return | -40.0% | +5.8% |
| 5-year return | -63.9% | +2.6% |
| Volatility (ann.) | 27.2% | 23.0% |
| Beta vs S&P 500 | 0.57 | 0.21 |
| Max drawdown (3Y) | -56.5% | -35.4% |
| Market cap | $20.9B | $12.1B |
| P/E (trailing) | 6.2 | 24.7 |
| Dividend yield | 4.13% | 1.38% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | FIS | JKHY |
|---|---|---|
| 2022 | -36.5% | +6.2% |
| 2023 | -8.2% | -5.7% |
| 2024 | +37.0% | +8.7% |
| 2025 | -15.8% | +5.5% |
| 2026 | -37.8% | -6.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FIS and JKHY good diversifiers for each other?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between FIS and JKHY?
Using weekly returns as of 2026-08-27: 0.55 over 3 years, with 0.68 over the last year and 0.50 over 5 years.
Is JKHY a good diversifier for FIS?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.55 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
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Related comparisons
Hubs: FIS correlations · JKHY correlations
