JBL vs MRVL: Correlation
Jabil (JBL) and Marvell Technology (MRVL) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JBL and MRVL?
On 3 years of weekly data the JBL/MRVL correlation comes out at 0.51, moderate. The past 12 months show a weaker link (0.35) than the 3-year average (0.51). The 5-year figure is 0.56, and annualized covariance runs at 1202.7 %².
By 3-year correlation, MRVL places #23 of the 34 assets tracked against JBL. Their recent paths diverged sharply: over the last 12 months MRVL outperformed by 173.1 percentage points (+50.4% for JBL against +223.5% for MRVL). Across three years, the rolling one-year figure varied moderately, from 0.33 to 0.70.
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 MRVL: side by side
| JBL (Jabil) | MRVL (Marvell Technology) | |
|---|---|---|
| 1-year return | +50.4% | +223.5% |
| 5-year return | +405.5% | +297.0% |
| Volatility (ann.) | 40.6% | 57.8% |
| Beta vs S&P 500 | 1.47 | 2.19 |
| Max drawdown (3Y) | -36.8% | -60.8% |
| Market cap | $32.7B | $217.0B |
| P/E (trailing) | 38.9 | 82.7 |
| Dividend yield | 0.10% | 0.10% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | JBL | MRVL |
|---|---|---|
| 2022 | -2.5% | -57.5% |
| 2023 | +87.4% | +63.7% |
| 2024 | +13.3% | +83.8% |
| 2025 | +58.7% | -22.8% |
| 2026 | +37.0% | +184.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JBL and MRVL good diversifiers for each other?
To a limited degree. At 0.51 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 MRVL?
The JBL/MRVL correlation stands at 0.51 on a 3-year window (1 year: 0.35, 5 years: 0.56), computed from weekly returns as of 2026-08-27.
Is MRVL a good diversifier for JBL?
To a limited degree. At 0.51 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 0.51 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-mrvl.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/jbl-vs-mrvl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: JBL correlations · MRVL correlations
