JCI vs VTV: Correlation
Measured on weekly returns over the past three years, Johnson Controls (JCI) and Vanguard Value ETF (VTV) 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 VTV?
Over the past 3 years, JCI and VTV moved with a correlation of 0.54, which is moderate. The link has loosened recently: the 1-year correlation (0.41) runs below the 3-year figure (0.54). Over 5 years the correlation is 0.59, and the annualized covariance of weekly returns is 181.6 %².
Among the 32 assets we track against JCI, VTV ranks #14 by 3-year correlation. On 12-month performance JCI holds a 5.2-point edge, +30.9% against +25.7%. The rolling one-year correlation moved between 0.39 and 0.71 over the past three years, a moderate range. Note the risk asymmetry: JCI runs 2.4 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 VTV: side by side
| JCI (Johnson Controls) | VTV (Vanguard Value ETF) | |
|---|---|---|
| 1-year return | +30.9% | +25.7% |
| 5-year return | +108.2% | +79.1% |
| Volatility (ann.) | 28.1% | 11.9% |
| Beta vs S&P 500 | 0.98 | 0.65 |
| Max drawdown (3Y) | -21.1% | -14.5% |
| Market cap | $86.1B | – |
| P/E (trailing) | 40.1 | – |
| Dividend yield | 1.11% | 1.86% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $256.4B |
| Sector / category | Industrials | ETF · US Style |
On the fund side, VTV sits in the Large Value category at Vanguard, with $256.4B under management, 308 holdings, a 0.03% expense ratio, a 1.86% trailing dividend yield.
Year-by-year returns
| Year | JCI | VTV |
|---|---|---|
| 2022 | -19.3% | -2.1% |
| 2023 | -7.6% | +9.3% |
| 2024 | +39.8% | +16.0% |
| 2025 | +53.0% | +15.3% |
| 2026 | +19.5% | +19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.33% of VTV is JCI itself, so the fund partly moves with the stock by construction.
Are JCI and VTV good diversifiers for each other?
To a limited degree. At 0.54 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 VTV?
The JCI/VTV correlation stands at 0.54 on a 3-year window (1 year: 0.41, 5 years: 0.59), computed from weekly returns as of 2026-08-27.
Is VTV a good diversifier for JCI?
To a limited degree. At 0.54 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 0.54 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
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Related comparisons
Hubs: JCI correlations · VTV correlations
