JCI vs PWR: Correlation
Johnson Controls (JCI) and Quanta Services (PWR) 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 JCI and PWR?
Over the past 3 years, JCI and PWR moved with a correlation of 0.56, which is moderate. The past 12 months show a weaker link (0.46) than the 3-year average (0.56). Over 5 years the correlation is 0.51, and the annualized covariance of weekly returns is 530.4 %².
By 3-year correlation, PWR places #7 of the 32 assets tracked against JCI. The last year tells two different stories: PWR led by 32.2 percentage points, +30.9% for JCI against +63.1% for PWR. The rolling one-year correlation moved between 0.28 and 0.72 over the past three years, a moderate range.
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 PWR: side by side
| JCI (Johnson Controls) | PWR (Quanta Services) | |
|---|---|---|
| 1-year return | +30.9% | +63.1% |
| 5-year return | +108.2% | +506.1% |
| Volatility (ann.) | 28.1% | 33.9% |
| Beta vs S&P 500 | 0.98 | 1.29 |
| Max drawdown (3Y) | -21.1% | -33.9% |
| Market cap | $86.1B | $93.5B |
| P/E (trailing) | 40.1 | 70.4 |
| Dividend yield | 1.11% | 0.07% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | JCI | PWR |
|---|---|---|
| 2022 | -19.3% | +24.6% |
| 2023 | -7.6% | +51.7% |
| 2024 | +39.8% | +46.6% |
| 2025 | +53.0% | +33.7% |
| 2026 | +19.5% | +47.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JCI and PWR good diversifiers for each other?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between JCI and PWR?
The JCI/PWR correlation stands at 0.56 on a 3-year window (1 year: 0.46, 5 years: 0.51), computed from weekly returns as of 2026-08-27.
Is PWR a good diversifier for JCI?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
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/jci-vs-pwr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/jci-vs-pwr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JCI correlations · PWR correlations
