JBL vs WTRG: Correlation
How closely do Jabil (JBL) and Essential Utilities, Inc. (WTRG) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JBL and WTRG?
On 3 years of weekly data the JBL/WTRG correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.23 over 1 year against -0.25 over 3. The 5-year figure is -0.06, and annualized covariance runs at -202.8 %².
Among the 34 assets we track against JBL, WTRG sits near the bottom by co-movement, at rank #30. The last year tells two different stories: JBL led by 44.8 percentage points, +50.4% for JBL against +5.6% for WTRG. Note the risk asymmetry: JBL runs 2.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 WTRG: side by side
| JBL (Jabil) | WTRG (Essential Utilities, Inc.) | |
|---|---|---|
| 1-year return | +50.4% | +5.6% |
| 5-year return | +405.5% | -5.2% |
| Volatility (ann.) | 40.6% | 19.6% |
| Beta vs S&P 500 | 1.47 | -0.04 |
| Max drawdown (3Y) | -36.8% | -17.9% |
| Market cap | $32.7B | $11.5B |
| P/E (trailing) | 38.9 | 20.9 |
| Dividend yield | 0.10% | 3.36% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | JBL | WTRG |
|---|---|---|
| 2022 | -2.5% | -8.9% |
| 2023 | +87.4% | -19.4% |
| 2024 | +13.3% | +0.5% |
| 2025 | +58.7% | +9.4% |
| 2026 | +37.0% | +8.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JBL and WTRG good diversifiers for each other?
Yes. With a correlation of -0.25, JBL and WTRG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between JBL and WTRG?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.23 over the last year and -0.06 over 5 years.
Is WTRG a good diversifier for JBL?
Yes. With a correlation of -0.25, JBL and WTRG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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-wtrg.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/jbl-vs-wtrg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JBL correlations · WTRG correlations
