JBL vs SOXX: Correlation
Measured on weekly returns over the past three years, Jabil (JBL) and iShares Semiconductor ETF (SOXX) carry a correlation of 0.64, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JBL and SOXX?
Across a 3-year window, the weekly returns of JBL and SOXX correlate at 0.64, strong. Little has changed lately, as the 1-year reading of 0.68 lands near the 3-year figure. Stretching to 5 years gives 0.66, with an annualized covariance of 912.7 %².
In JBL's tracked universe of 34 assets, SOXX sits right near the top at #2. The last year tells two different stories: SOXX led by 59.6 percentage points, +50.4% for JBL against +110.0% for SOXX. On a rolling one-year basis the correlation drifted between 0.52 and 0.77, 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 SOXX: side by side
| JBL (Jabil) | SOXX (iShares Semiconductor ETF) | |
|---|---|---|
| 1-year return | +50.4% | +110.0% |
| 5-year return | +405.5% | +247.5% |
| Volatility (ann.) | 40.6% | 35.2% |
| Beta vs S&P 500 | 1.47 | 1.93 |
| Max drawdown (3Y) | -36.8% | -41.4% |
| Market cap | $32.7B | – |
| P/E (trailing) | 38.9 | – |
| Dividend yield | 0.10% | 0.29% |
| Expense ratio | – | 0.33% |
| Assets under management | – | $44.7B |
| Sector / category | Information Technology | ETF · Thematic |
On the fund side, SOXX sits in the Technology category at iShares, with $44.7B under management, 30 holdings, a 0.33% expense ratio, a 0.29% trailing dividend yield.
Year-by-year returns
| Year | JBL | SOXX |
|---|---|---|
| 2022 | -2.5% | -35.1% |
| 2023 | +87.4% | +67.1% |
| 2024 | +13.3% | +12.9% |
| 2025 | +58.7% | +40.7% |
| 2026 | +37.0% | +74.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JBL and SOXX good diversifiers for each other?
Only partially. A correlation of 0.64 means JBL and SOXX 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 SOXX?
As of 2026-08-27, the correlation of weekly returns between JBL and SOXX is 0.64 over 3 years, 0.68 over 1 year and 0.66 over 5 years.
Is SOXX a good diversifier for JBL?
Only partially. A correlation of 0.64 means JBL and SOXX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.64 mean?
A reading of 0.64 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-soxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jbl-vs-soxx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: JBL correlations · SOXX correlations
