JCI vs STEW: Correlation
Measured on weekly returns over the past three years, Johnson Controls (JCI) and SRH Total Return Fund, Inc. (STEW) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JCI and STEW?
Over the past 3 years, JCI and STEW moved with a correlation of 0.54, which is moderate. Little has changed lately, as the 1-year reading of 0.47 lands near the 3-year figure. Over 5 years the correlation is 0.57, and the annualized covariance of weekly returns is 214.4 %².
By 3-year correlation, STEW places #13 of the 32 assets tracked against JCI. Their recent paths diverged sharply: over the last 12 months JCI outperformed by 25.7 percentage points (+30.9% for JCI against +5.2% for STEW). Note the risk asymmetry: JCI runs 2.0 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 STEW: side by side
| JCI (Johnson Controls) | STEW (SRH Total Return Fund, Inc.) | |
|---|---|---|
| 1-year return | +30.9% | +5.2% |
| 5-year return | +108.2% | +61.2% |
| Volatility (ann.) | 28.1% | 14.1% |
| Beta vs S&P 500 | 0.98 | 0.67 |
| Max drawdown (3Y) | -21.1% | -10.5% |
| Market cap | $86.1B | $1.8B |
| P/E (trailing) | 40.1 | 12.1 |
| Dividend yield | 1.11% | 3.91% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | JCI | STEW |
|---|---|---|
| 2022 | -19.3% | -7.3% |
| 2023 | -7.6% | +13.5% |
| 2024 | +39.8% | +19.9% |
| 2025 | +53.0% | +20.3% |
| 2026 | +19.5% | +3.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JCI and STEW good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between JCI and STEW?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.47 over the last year and 0.57 over 5 years.
Is STEW a good diversifier for JCI?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 mean?
On the −1 to +1 scale, 0.54 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-stew.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jci-vs-stew/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: JCI correlations · STEW correlations
