ICE vs JKHY: Correlation
Intercontinental Exchange (ICE) and Jack Henry & Associates (JKHY) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ICE and JKHY?
Across a 3-year window, the weekly returns of ICE and JKHY correlate at 0.41, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.54 versus 0.41 over 3 years. Stretching to 5 years gives 0.40, with an annualized covariance of 200.9 %².
Within ICE's tracked universe of 31 assets, JKHY comes in at #19 by 3-year correlation. The trailing year gives JKHY the advantage: -7.9% versus +5.8%, a 13.7-point spread. The rolling one-year correlation moved between 0.13 and 0.61 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.
ICE vs JKHY: side by side
| ICE (Intercontinental Exchange) | JKHY (Jack Henry & Associates) | |
|---|---|---|
| 1-year return | -7.9% | +5.8% |
| 5-year return | +44.2% | +2.6% |
| Volatility (ann.) | 21.2% | 23.0% |
| Beta vs S&P 500 | 0.62 | 0.21 |
| Max drawdown (3Y) | -33.9% | -35.4% |
| Market cap | $90.5B | $12.1B |
| P/E (trailing) | 22.7 | 24.7 |
| Dividend yield | 1.24% | 1.38% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | ICE | JKHY |
|---|---|---|
| 2022 | -23.9% | +6.2% |
| 2023 | +27.1% | -5.7% |
| 2024 | +17.5% | +8.7% |
| 2025 | +9.9% | +5.5% |
| 2026 | +0.2% | -6.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ICE and JKHY good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ICE and JKHY?
As of 2026-08-27, the correlation of weekly returns between ICE and JKHY is 0.41 over 3 years, 0.54 over 1 year and 0.40 over 5 years.
Is JKHY a good diversifier for ICE?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ice-vs-jkhy.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ice-vs-jkhy/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ICE correlations · JKHY correlations
