J vs URI: Correlation
How closely do Jacobs Solutions (J) and United Rentals (URI) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are J and URI?
Over the past 3 years, J and URI moved with a correlation of 0.42, which is moderate. The link has loosened recently: the 1-year correlation (0.31) runs below the 3-year figure (0.42). Over 5 years the correlation is 0.49, and the annualized covariance of weekly returns is 424.9 %².
Within J's tracked universe of 34 assets, URI comes in at #20 by 3-year correlation. Over the last 12 months URI came out ahead by 7.6 percentage points (+2.6% against +10.2%). Across three years, the rolling one-year figure varied moderately, from 0.32 to 0.66. One caveat on sizing: URI is 1.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 URI: side by side
| J (Jacobs Solutions) | URI (United Rentals) | |
|---|---|---|
| 1-year return | +2.6% | +10.2% |
| 5-year return | +40.5% | +204.1% |
| Volatility (ann.) | 25.7% | 39.5% |
| Beta vs S&P 500 | 0.77 | 1.42 |
| Max drawdown (3Y) | -34.4% | -37.0% |
| Market cap | $17.6B | $64.6B |
| P/E (trailing) | 49.9 | 25.4 |
| Dividend yield | 0.90% | 0.71% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | J | URI |
|---|---|---|
| 2022 | -13.1% | +7.0% |
| 2023 | +9.0% | +63.6% |
| 2024 | +24.2% | +24.0% |
| 2025 | +1.1% | +15.9% |
| 2026 | +14.6% | +29.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are J and URI good diversifiers for each other?
Reasonably. At 0.42, J and URI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between J and URI?
As of 2026-08-27, the correlation of weekly returns between J and URI is 0.42 over 3 years, 0.31 over 1 year and 0.49 over 5 years.
Is URI a good diversifier for J?
Reasonably. At 0.42, J and URI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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/j-vs-uri.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/j-vs-uri/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: J correlations · URI correlations
