JBL vs KLAC: Correlation
Jabil (JBL) and KLA Corporation (KLAC) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JBL and KLAC?
On 3 years of weekly data the JBL/KLAC correlation comes out at 0.57, moderate. Little has changed lately, as the 1-year reading of 0.65 lands near the 3-year figure. The 5-year figure is 0.58, and annualized covariance runs at 1049.7 %².
By 3-year correlation, KLAC places #10 of the 34 assets tracked against JBL. Correlation aside, the last 12 months split them widely, with KLAC ahead by 57.5 points (+50.4% versus +107.9%). Across three years, the rolling one-year figure varied moderately, from 0.39 to 0.67.
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 KLAC: side by side
| JBL (Jabil) | KLAC (KLA Corporation) | |
|---|---|---|
| 1-year return | +50.4% | +107.9% |
| 5-year return | +405.5% | +463.9% |
| Volatility (ann.) | 40.6% | 45.6% |
| Beta vs S&P 500 | 1.47 | 1.84 |
| Max drawdown (3Y) | -36.8% | -43.6% |
| Market cap | $32.7B | $240.1B |
| P/E (trailing) | 38.9 | 50.2 |
| Dividend yield | 0.10% | 0.44% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | JBL | KLAC |
|---|---|---|
| 2022 | -2.5% | -11.2% |
| 2023 | +87.4% | +56.0% |
| 2024 | +13.3% | +9.4% |
| 2025 | +58.7% | +94.5% |
| 2026 | +37.0% | +51.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JBL and KLAC good diversifiers for each other?
Only partially. A correlation of 0.57 means JBL and KLAC 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 JBL and KLAC?
Using weekly returns as of 2026-08-27: 0.57 over 3 years, with 0.65 over the last year and 0.58 over 5 years.
Is KLAC a good diversifier for JBL?
Only partially. A correlation of 0.57 means JBL and KLAC 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?
On the −1 to +1 scale, 0.57 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/jbl-vs-klac.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jbl-vs-klac/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JBL correlations · KLAC correlations
