JBL vs PLXS: Correlation
Measured on weekly returns over the past three years, Jabil (JBL) and Plexus Corp. (PLXS) 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 PLXS?
Over the past 3 years, JBL and PLXS moved with a correlation of 0.56, which is moderate. The relationship has been stable: the 1-year correlation (0.62) sits close to the 3-year figure. Over 5 years the correlation is 0.61, and the annualized covariance of weekly returns is 759.8 %².
Among the 34 assets we track against JBL, PLXS ranks #14 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months PLXS outperformed by 26.7 percentage points (+50.4% for JBL against +77.1% for PLXS).
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 PLXS: side by side
| JBL (Jabil) | PLXS (Plexus Corp.) | |
|---|---|---|
| 1-year return | +50.4% | +77.1% |
| 5-year return | +405.5% | +165.9% |
| Volatility (ann.) | 40.6% | 33.3% |
| Beta vs S&P 500 | 1.47 | 1.03 |
| Max drawdown (3Y) | -36.8% | -34.9% |
| Market cap | $32.7B | $6.5B |
| P/E (trailing) | 38.9 | 36.1 |
| Dividend yield | 0.10% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | JBL | PLXS |
|---|---|---|
| 2022 | -2.5% | +7.3% |
| 2023 | +87.4% | +5.1% |
| 2024 | +13.3% | +44.7% |
| 2025 | +58.7% | -6.1% |
| 2026 | +37.0% | +67.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JBL and PLXS good diversifiers for each other?
Only partially. A correlation of 0.56 means JBL and PLXS 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 PLXS?
The JBL/PLXS correlation stands at 0.56 on a 3-year window (1 year: 0.62, 5 years: 0.61), computed from weekly returns as of 2026-08-27.
Is PLXS a good diversifier for JBL?
Only partially. A correlation of 0.56 means JBL and PLXS 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?
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-plxs.json
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Related comparisons
Hubs: JBL correlations · PLXS correlations
