JBL vs TTMI: Correlation
Jabil (JBL) and TTM Technologies, Inc. (TTMI) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JBL and TTMI?
On 3 years of weekly data the JBL/TTMI correlation comes out at 0.56, moderate. The link has tightened recently: the 1-year correlation (0.70) runs above the 3-year figure (0.56). The 5-year figure is 0.57, and annualized covariance runs at 1388.2 %².
By 3-year correlation, TTMI places #16 of the 34 assets tracked against JBL. Correlation aside, the last 12 months split them widely, with TTMI ahead by 129.9 points (+50.4% versus +180.3%).
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 TTMI: side by side
| JBL (Jabil) | TTMI (TTM Technologies, Inc.) | |
|---|---|---|
| 1-year return | +50.4% | +180.3% |
| 5-year return | +405.5% | +785.9% |
| Volatility (ann.) | 40.6% | 60.7% |
| Beta vs S&P 500 | 1.47 | 2.23 |
| Max drawdown (3Y) | -36.8% | -54.0% |
| Market cap | $32.7B | $13.1B |
| P/E (trailing) | 38.9 | 54.9 |
| Dividend yield | 0.10% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | JBL | TTMI |
|---|---|---|
| 2022 | -2.5% | +1.2% |
| 2023 | +87.4% | +4.8% |
| 2024 | +13.3% | +56.5% |
| 2025 | +58.7% | +178.8% |
| 2026 | +37.0% | +80.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JBL and TTMI good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between JBL and TTMI?
The JBL/TTMI correlation stands at 0.56 on a 3-year window (1 year: 0.70, 5 years: 0.57), computed from weekly returns as of 2026-08-27.
Is TTMI a good diversifier for JBL?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 mean?
On the −1 to +1 scale, 0.56 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-ttmi.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/jbl-vs-ttmi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: JBL correlations · TTMI correlations
