JBI vs USO: Correlation
Janus International Group, Inc. (JBI) and United States Oil Fund (USO) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JBI and USO?
Across a 3-year window, the weekly returns of JBI and USO correlate at -0.26, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.45 versus -0.26 over 3 years. Stretching to 5 years gives -0.15, with an annualized covariance of -466.5 %².
Among the 11 assets we track against JBI, USO sits near the bottom by co-movement, at rank #9. The last year tells two different stories: USO led by 126.7 percentage points, -52.6% for JBI against +74.1% for USO.
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 USO: side by side
| JBI (Janus International Group, Inc.) | USO (United States Oil Fund) | |
|---|---|---|
| 1-year return | -52.6% | +74.1% |
| 5-year return | -66.6% | +168.6% |
| Volatility (ann.) | 46.0% | 39.4% |
| Beta vs S&P 500 | 1.01 | -0.20 |
| Max drawdown (3Y) | -69.3% | -32.5% |
| Market cap | $0.7B | – |
| P/E (trailing) | 21.5 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | ETF · Commodities |
Year-by-year returns
| Year | JBI | USO |
|---|---|---|
| 2022 | -24.0% | +29.0% |
| 2023 | +37.1% | -4.9% |
| 2024 | -43.7% | +13.4% |
| 2025 | -11.0% | -8.5% |
| 2026 | -24.3% | +88.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JBI and USO good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between JBI and USO?
As of 2026-08-27, the correlation of weekly returns between JBI and USO is -0.26 over 3 years, -0.45 over 1 year and -0.15 over 5 years.
Is USO a good diversifier for JBI?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
A reading of -0.26 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/jbi-vs-uso.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jbi-vs-uso/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JBI correlations · USO correlations
