JCI vs MLGO: Correlation
Johnson Controls (JCI) and MicroAlgo, Inc. (MLGO) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JCI and MLGO?
On 3 years of weekly data the JCI/MLGO correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.26) sits close to the 3-year figure. The 5-year figure is -0.13, and annualized covariance runs at -2589.5 %².
By 3-year correlation, MLGO places #24 of the 32 assets tracked against JCI. Correlation aside, the last 12 months split them widely, with JCI ahead by 83.8 points (+30.9% versus -52.9%). Note the risk asymmetry: MLGO runs 17.4 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.
JCI vs MLGO: side by side
| JCI (Johnson Controls) | MLGO (MicroAlgo, Inc.) | |
|---|---|---|
| 1-year return | +30.9% | -52.9% |
| 5-year return | +108.2% | -100.0% |
| Volatility (ann.) | 28.1% | 489.7% |
| Beta vs S&P 500 | 0.98 | -2.77 |
| Max drawdown (3Y) | -21.1% | -100.0% |
| Market cap | $86.1B | – |
| P/E (trailing) | 40.1 | 1.9 |
| Dividend yield | 1.11% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | JCI | MLGO |
|---|---|---|
| 2022 | -19.3% | -87.6% |
| 2023 | -7.6% | -27.0% |
| 2024 | +39.8% | -97.9% |
| 2025 | +53.0% | -96.1% |
| 2026 | +19.5% | -6.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JCI and MLGO good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between JCI and MLGO?
As of 2026-08-27, the correlation of weekly returns between JCI and MLGO is -0.19 over 3 years, -0.26 over 1 year and -0.13 over 5 years.
Is MLGO a good diversifier for JCI?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 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/jci-vs-mlgo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jci-vs-mlgo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JCI correlations · MLGO correlations
