J vs PACS: Correlation
Measured on weekly returns over the past three years, Jacobs Solutions (J) and PACS Group, Inc. (PACS) carry a correlation of -0.28, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are J and PACS?
Over the past 3 years, J and PACS moved with a correlation of -0.28, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.44) runs below the 3-year figure (-0.28). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -897.9 %².
Among the 34 assets we track against J, PACS sits near the bottom by co-movement, at rank #31. Correlation aside, the last 12 months split them widely, with PACS ahead by 270.4 points (+2.6% versus +273.0%). Risk is not evenly split, since PACS carries 4.7 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.
J vs PACS: side by side
| J (Jacobs Solutions) | PACS (PACS Group, Inc.) | |
|---|---|---|
| 1-year return | +2.6% | +273.0% |
| 5-year return | +40.5% | n/a |
| Volatility (ann.) | 25.7% | 120.5% |
| Beta vs S&P 500 | 0.77 | 0.06 |
| Max drawdown (3Y) | -34.4% | -82.0% |
| Market cap | $17.6B | $7.0B |
| P/E (trailing) | 49.9 | 25.9 |
| Dividend yield | 0.90% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | J | PACS |
|---|---|---|
| 2022 | -13.1% | – |
| 2023 | +9.0% | – |
| 2024 | +24.2% | – |
| 2025 | +1.1% | +192.8% |
| 2026 | +14.6% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are J and PACS good diversifiers for each other?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between J and PACS?
As of 2026-08-27, the correlation of weekly returns between J and PACS is -0.28 over 3 years, -0.44 over 1 year and n/a over 5 years.
Is PACS a good diversifier for J?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.28 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.
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Related comparisons
Hubs: J correlations · PACS correlations
