JBL vs MTSI: Correlation
Measured on weekly returns over the past three years, Jabil (JBL) and MACOM Technology Solutions Holdings, Inc. (MTSI) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JBL and MTSI?
Across a 3-year window, the weekly returns of JBL and MTSI correlate at 0.56, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.68 versus 0.56 over 3 years. Stretching to 5 years gives 0.56, with an annualized covariance of 1113.5 %².
By 3-year correlation, MTSI places #13 of the 34 assets tracked against JBL. Correlation aside, the last 12 months split them widely, with MTSI ahead by 63.4 points (+50.4% versus +113.8%).
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 MTSI: side by side
| JBL (Jabil) | MTSI (MACOM Technology Solutions Holdings, Inc.) | |
|---|---|---|
| 1-year return | +50.4% | +113.8% |
| 5-year return | +405.5% | +341.3% |
| Volatility (ann.) | 40.6% | 48.7% |
| Beta vs S&P 500 | 1.47 | 1.65 |
| Max drawdown (3Y) | -36.8% | -44.2% |
| Market cap | $32.7B | $21.2B |
| P/E (trailing) | 38.9 | 88.3 |
| Dividend yield | 0.10% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | JBL | MTSI |
|---|---|---|
| 2022 | -2.5% | -19.6% |
| 2023 | +87.4% | +47.6% |
| 2024 | +13.3% | +39.8% |
| 2025 | +58.7% | +31.8% |
| 2026 | +37.0% | +61.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JBL and MTSI good diversifiers for each other?
Only partially. A correlation of 0.56 means JBL and MTSI 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 MTSI?
The JBL/MTSI correlation stands at 0.56 on a 3-year window (1 year: 0.68, 5 years: 0.56), computed from weekly returns as of 2026-08-27.
Is MTSI a good diversifier for JBL?
Only partially. A correlation of 0.56 means JBL and MTSI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.56 mean?
A reading of 0.56 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/jbl-vs-mtsi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/jbl-vs-mtsi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: JBL correlations · MTSI correlations
