JACK vs WMB: Correlation
Measured on weekly returns over the past three years, Jack In The Box Inc. (JACK) and Williams Companies (WMB) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JACK and WMB?
Across a 3-year window, the weekly returns of JACK and WMB correlate at -0.24, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.38) than the 3-year average (-0.24). Stretching to 5 years gives -0.08, with an annualized covariance of -332.9 %².
Among the 13 assets we track against JACK, WMB sits near the bottom by co-movement, at rank #9. Correlation aside, the last 12 months split them widely, with WMB ahead by 46.1 points (-13.0% versus +33.1%). Note the risk asymmetry: JACK runs 2.4 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.
JACK vs WMB: side by side
| JACK (Jack In The Box Inc.) | WMB (Williams Companies) | |
|---|---|---|
| 1-year return | -13.0% | +33.1% |
| 5-year return | -83.5% | +279.9% |
| Volatility (ann.) | 58.3% | 24.0% |
| Beta vs S&P 500 | 1.31 | 0.34 |
| Max drawdown (3Y) | -88.4% | -12.4% |
| Market cap | $0.3B | $90.7B |
| P/E (trailing) | – | 29.7 |
| Dividend yield | 0.00% | 2.76% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | JACK | WMB |
|---|---|---|
| 2022 | -20.2% | +32.8% |
| 2023 | +22.2% | +11.9% |
| 2024 | -47.3% | +62.3% |
| 2025 | -53.8% | +14.9% |
| 2026 | -16.1% | +25.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JACK and WMB good diversifiers for each other?
Yes. With a correlation of -0.24, JACK and WMB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between JACK and WMB?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.38 over the last year and -0.08 over 5 years.
Is WMB a good diversifier for JACK?
Yes. With a correlation of -0.24, JACK and WMB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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: JACK correlations · WMB correlations
