JACK vs USO: Correlation
Jack In The Box Inc. (JACK) and United States Oil Fund (USO) show a negative relationship: their 3-year correlation of weekly returns is -0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JACK and USO?
Over the past 3 years, JACK and USO 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 (-0.43) runs below the 3-year figure (-0.28). Over 5 years the correlation is -0.17, and the annualized covariance of weekly returns is -653.3 %².
Out of 13 assets tracked against JACK, USO lands near the bottom at #12. Correlation aside, the last 12 months split them widely, with USO ahead by 87.1 points (-13.0% versus +74.1%).
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 USO: side by side
| JACK (Jack In The Box Inc.) | USO (United States Oil Fund) | |
|---|---|---|
| 1-year return | -13.0% | +74.1% |
| 5-year return | -83.5% | +168.6% |
| Volatility (ann.) | 58.3% | 39.4% |
| Beta vs S&P 500 | 1.31 | -0.20 |
| Max drawdown (3Y) | -88.4% | -32.5% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | ETF · Commodities |
Year-by-year returns
| Year | JACK | USO |
|---|---|---|
| 2022 | -20.2% | +29.0% |
| 2023 | +22.2% | -4.9% |
| 2024 | -47.3% | +13.4% |
| 2025 | -53.8% | -8.5% |
| 2026 | -16.1% | +88.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JACK and USO 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 JACK and USO?
The JACK/USO correlation stands at -0.28 on a 3-year window (1 year: -0.43, 5 years: -0.17), computed from weekly returns as of 2026-08-27.
Is USO a good diversifier for JACK?
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?
A reading of -0.28 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/jack-vs-uso.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jack-vs-uso/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JACK correlations · USO correlations
