JACK vs MHK: Correlation
Jack In The Box Inc. (JACK) and Mohawk Industries, Inc. (MHK) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JACK and MHK?
Across a 3-year window, the weekly returns of JACK and MHK correlate at 0.49, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.68 versus 0.49 over 3 years. Stretching to 5 years gives 0.42, with an annualized covariance of 1131.7 %².
By 3-year correlation, MHK places #5 of the 13 assets tracked against JACK. Over the last 12 months MHK came out ahead by 11.2 percentage points (-13.0% against -1.8%).
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.
JACK vs MHK: side by side
| JACK (Jack In The Box Inc.) | MHK (Mohawk Industries, Inc.) | |
|---|---|---|
| 1-year return | -13.0% | -1.8% |
| 5-year return | -83.5% | -35.8% |
| Volatility (ann.) | 58.3% | 39.3% |
| Beta vs S&P 500 | 1.31 | 1.13 |
| Max drawdown (3Y) | -88.4% | -42.0% |
| Market cap | $0.3B | $8.8B |
| P/E (trailing) | – | 17.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JACK | MHK |
|---|---|---|
| 2022 | -20.2% | -43.9% |
| 2023 | +22.2% | +1.3% |
| 2024 | -47.3% | +15.1% |
| 2025 | -53.8% | -8.3% |
| 2026 | -16.1% | +18.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JACK and MHK good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between JACK and MHK?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.68 over the last year and 0.42 over 5 years.
Is MHK a good diversifier for JACK?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/jack-vs-mhk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/jack-vs-mhk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JACK correlations · MHK correlations
