JBLU vs USO: Correlation
JetBlue Airways Corporation (JBLU) and United States Oil Fund (USO) show a negative relationship: their 3-year correlation of weekly returns is -0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JBLU and USO?
Across a 3-year window, the weekly returns of JBLU and USO correlate at -0.32, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.56 versus -0.32 over 3 years. Stretching to 5 years gives -0.20, with an annualized covariance of -786.7 %².
Out of 10 assets tracked against JBLU, USO lands near the bottom at #10. Correlation aside, the last 12 months split them widely, with USO ahead by 81.7 points (-7.6% versus +74.1%). Risk is not evenly split, since JBLU carries 1.6 times the volatility of the other side.
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.
JBLU vs USO: side by side
| JBLU (JetBlue Airways Corporation) | USO (United States Oil Fund) | |
|---|---|---|
| 1-year return | -7.6% | +74.1% |
| 5-year return | -67.2% | +168.6% |
| Volatility (ann.) | 63.3% | 39.4% |
| Beta vs S&P 500 | 1.35 | -0.20 |
| Max drawdown (3Y) | -57.6% | -32.5% |
| Market cap | $1.8B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | ETF · Commodities |
Year-by-year returns
| Year | JBLU | USO |
|---|---|---|
| 2022 | -54.5% | +29.0% |
| 2023 | -14.4% | -4.9% |
| 2024 | +41.6% | +13.4% |
| 2025 | -42.1% | -8.5% |
| 2026 | +7.5% | +88.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JBLU and USO good diversifiers for each other?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
FAQ
What is the correlation between JBLU and USO?
The JBLU/USO correlation stands at -0.32 on a 3-year window (1 year: -0.56, 5 years: -0.20), computed from weekly returns as of 2026-08-27.
Is USO a good diversifier for JBLU?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
What does a correlation of -0.32 mean?
On the −1 to +1 scale, -0.32 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/jblu-vs-uso.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jblu-vs-uso/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JBLU correlations · USO correlations
