JBI vs SRI: Correlation
How closely do Janus International Group, Inc. (JBI) and Stoneridge, Inc. (SRI) trade together? Their weekly returns over three years give a correlation of 0.57, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JBI and SRI?
On 3 years of weekly data the JBI/SRI correlation comes out at 0.57, moderate. Little has changed lately, as the 1-year reading of 0.50 lands near the 3-year figure. The 5-year figure is 0.45, and annualized covariance runs at 1563.1 %².
SRI is one of the assets that tracks JBI most closely: it ranks #1 out of the 11 assets we track against JBI. Correlation aside, the last 12 months split them widely, with SRI ahead by 35.2 points (-52.6% versus -17.4%).
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.
JBI vs SRI: side by side
| JBI (Janus International Group, Inc.) | SRI (Stoneridge, Inc.) | |
|---|---|---|
| 1-year return | -52.6% | -17.4% |
| 5-year return | -66.6% | -69.5% |
| Volatility (ann.) | 46.0% | 59.7% |
| Beta vs S&P 500 | 1.01 | 1.79 |
| Max drawdown (3Y) | -69.3% | -82.9% |
| Market cap | $0.7B | $0.2B |
| P/E (trailing) | 21.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JBI | SRI |
|---|---|---|
| 2022 | -24.0% | +9.2% |
| 2023 | +37.1% | -9.2% |
| 2024 | -43.7% | -68.0% |
| 2025 | -11.0% | -7.7% |
| 2026 | -24.3% | +22.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JBI and SRI good diversifiers for each other?
Only partially. A correlation of 0.57 means JBI and SRI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between JBI and SRI?
The JBI/SRI correlation stands at 0.57 on a 3-year window (1 year: 0.50, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is SRI a good diversifier for JBI?
Only partially. A correlation of 0.57 means JBI and SRI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.57 mean?
A reading of 0.57 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: JBI correlations · SRI correlations
