HERZ vs J: Correlation
Herzfeld Credit Income Fund, Inc. - Closed End Fund (HERZ) and Jacobs Solutions (J) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HERZ and J?
Over the past 3 years, HERZ and J moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.45) than the 3-year average (-0.19). Over 5 years the correlation is 0.05, and the annualized covariance of weekly returns is -172.1 %².
Among the 19 assets we track against HERZ, J ranks #9 by 3-year correlation. The last year tells two different stories: HERZ led by 19.4 percentage points, +22.0% for HERZ against +2.6% for J.
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.
HERZ vs J: side by side
| HERZ (Herzfeld Credit Income Fund, Inc. - Closed End Fund) | J (Jacobs Solutions) | |
|---|---|---|
| 1-year return | +22.0% | +2.6% |
| 5-year return | +1.5% | +40.5% |
| Volatility (ann.) | 35.4% | 25.7% |
| Beta vs S&P 500 | 0.10 | 0.77 |
| Max drawdown (3Y) | -41.6% | -34.4% |
| Market cap | – | $17.6B |
| P/E (trailing) | 80.0 | 49.9 |
| Dividend yield | 57.89% | 0.90% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | HERZ | J |
|---|---|---|
| 2022 | -20.4% | -13.1% |
| 2023 | -13.6% | +9.0% |
| 2024 | +2.9% | +24.2% |
| 2025 | +89.3% | +1.1% |
| 2026 | -24.3% | +14.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HERZ and J good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between HERZ and J?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with -0.45 over the last year and 0.05 over 5 years.
Is J a good diversifier for HERZ?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 mean?
A reading of -0.19 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/herz-vs-j.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/herz-vs-j/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HERZ correlations · J correlations
