JBL vs MPWR: Correlation
Jabil (JBL) and Monolithic Power Systems (MPWR) show a moderate relationship: their 3-year correlation of weekly returns is 0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JBL and MPWR?
On 3 years of weekly data the JBL/MPWR correlation comes out at 0.54, moderate. The relationship has been stable: the 1-year correlation (0.64) sits close to the 3-year figure. The 5-year figure is 0.56, and annualized covariance runs at 1053.0 %².
Within JBL's tracked universe of 34 assets, MPWR comes in at #21 by 3-year correlation. Their 12-month results are close: +50.4% for JBL against +52.4% for MPWR. On a rolling one-year basis the correlation drifted between 0.40 and 0.66, a moderate band.
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 MPWR: side by side
| JBL (Jabil) | MPWR (Monolithic Power Systems) | |
|---|---|---|
| 1-year return | +50.4% | +52.4% |
| 5-year return | +405.5% | +170.3% |
| Volatility (ann.) | 40.6% | 48.1% |
| Beta vs S&P 500 | 1.47 | 2.22 |
| Max drawdown (3Y) | -36.8% | -51.6% |
| Market cap | $32.7B | $64.4B |
| P/E (trailing) | 38.9 | 79.4 |
| Dividend yield | 0.10% | 0.55% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | JBL | MPWR |
|---|---|---|
| 2022 | -2.5% | -27.8% |
| 2023 | +87.4% | +79.8% |
| 2024 | +13.3% | -5.6% |
| 2025 | +58.7% | +54.5% |
| 2026 | +37.0% | +45.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JBL and MPWR good diversifiers for each other?
Only partially. A correlation of 0.54 means JBL and MPWR 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 MPWR?
As of 2026-08-27, the correlation of weekly returns between JBL and MPWR is 0.54 over 3 years, 0.64 over 1 year and 0.56 over 5 years.
Is MPWR a good diversifier for JBL?
Only partially. A correlation of 0.54 means JBL and MPWR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.54 mean?
On the −1 to +1 scale, 0.54 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-mpwr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/jbl-vs-mpwr/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: JBL correlations · MPWR correlations
