JBL vs KEYS: Correlation
Measured on weekly returns over the past three years, Jabil (JBL) and Keysight Technologies (KEYS) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JBL and KEYS?
Across a 3-year window, the weekly returns of JBL and KEYS correlate at 0.54, moderate. The relationship has been stable: the 1-year correlation (0.56) sits close to the 3-year figure. Stretching to 5 years gives 0.56, with an annualized covariance of 804.4 %².
Within JBL's tracked universe of 34 assets, KEYS comes in at #20 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months KEYS outperformed by 47.0 percentage points (+50.4% for JBL against +97.4% for KEYS). Across three years, the rolling one-year figure varied moderately, from 0.41 to 0.69.
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.
JBL vs KEYS: side by side
| JBL (Jabil) | KEYS (Keysight Technologies) | |
|---|---|---|
| 1-year return | +50.4% | +97.4% |
| 5-year return | +405.5% | +81.9% |
| Volatility (ann.) | 40.6% | 36.8% |
| Beta vs S&P 500 | 1.47 | 1.58 |
| Max drawdown (3Y) | -36.8% | -31.4% |
| Market cap | $32.7B | $55.5B |
| P/E (trailing) | 38.9 | 43.5 |
| Dividend yield | 0.10% | 0.00% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | JBL | KEYS |
|---|---|---|
| 2022 | -2.5% | -17.2% |
| 2023 | +87.4% | -7.0% |
| 2024 | +13.3% | +1.0% |
| 2025 | +58.7% | +26.5% |
| 2026 | +37.0% | +60.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JBL and KEYS good diversifiers for each other?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between JBL and KEYS?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.56 over the last year and 0.56 over 5 years.
Is KEYS a good diversifier for JBL?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.54 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/jbl-vs-keys.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/jbl-vs-keys/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: JBL correlations · KEYS correlations
