ICE vs JLL: Correlation
How closely do Intercontinental Exchange (ICE) and Jones Lang LaSalle Incorporated (JLL) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ICE and JLL?
On 3 years of weekly data the ICE/JLL correlation comes out at 0.50, moderate. The relationship has been stable: the 1-year correlation (0.44) sits close to the 3-year figure. The 5-year figure is 0.49, and annualized covariance runs at 370.6 %².
By 3-year correlation, JLL places #12 of the 31 assets tracked against ICE. Their recent paths diverged sharply: over the last 12 months JLL outperformed by 31.7 percentage points (-7.9% for ICE against +23.8% for JLL). Note the risk asymmetry: JLL runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 JLL: side by side
| ICE (Intercontinental Exchange) | JLL (Jones Lang LaSalle Incorporated) | |
|---|---|---|
| 1-year return | -7.9% | +23.8% |
| 5-year return | +44.2% | +55.9% |
| Volatility (ann.) | 21.2% | 34.9% |
| Beta vs S&P 500 | 0.62 | 1.30 |
| Max drawdown (3Y) | -33.9% | -30.6% |
| Market cap | $90.5B | $17.4B |
| P/E (trailing) | 22.7 | 18.5 |
| Dividend yield | 1.24% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | ICE | JLL |
|---|---|---|
| 2022 | -23.9% | -40.8% |
| 2023 | +27.1% | +18.5% |
| 2024 | +17.5% | +34.0% |
| 2025 | +9.9% | +32.9% |
| 2026 | +0.2% | +12.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ICE and JLL good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ICE and JLL?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.44 over the last year and 0.49 over 5 years.
Is JLL a good diversifier for ICE?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
On the −1 to +1 scale, 0.50 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.
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Related comparisons
Hubs: ICE correlations · JLL correlations
