JCI vs VYM: Correlation
Johnson Controls (JCI) and Vanguard High Dividend Yield ETF (VYM) 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 VYM?
Over the past 3 years, JCI and VYM moved with a correlation of 0.56, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.46 versus 0.56 over 3 years. Over 5 years the correlation is 0.59, and the annualized covariance of weekly returns is 191.8 %².
Within JCI's tracked universe of 32 assets, VYM comes in at #8 by 3-year correlation. On 12-month performance JCI holds a 9.8-point edge, +30.9% against +21.1%. On a rolling one-year basis the correlation drifted between 0.38 and 0.71, a moderate band. Note the risk asymmetry: JCI runs 2.3 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 VYM: side by side
| JCI (Johnson Controls) | VYM (Vanguard High Dividend Yield ETF) | |
|---|---|---|
| 1-year return | +30.9% | +21.1% |
| 5-year return | +108.2% | +76.6% |
| Volatility (ann.) | 28.1% | 12.3% |
| Beta vs S&P 500 | 0.98 | 0.69 |
| Max drawdown (3Y) | -21.1% | -14.5% |
| Market cap | $86.1B | – |
| P/E (trailing) | 40.1 | – |
| Dividend yield | 1.11% | 2.24% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $99.2B |
| Sector / category | Industrials | ETF · Dividend |
VYM, Vanguard's Large Value fund, carries $99.2B under management, 604 holdings, a 0.04% expense ratio, a 2.24% trailing dividend yield.
Year-by-year returns
| Year | JCI | VYM |
|---|---|---|
| 2022 | -19.3% | -0.4% |
| 2023 | -7.6% | +6.6% |
| 2024 | +39.8% | +17.6% |
| 2025 | +53.0% | +15.4% |
| 2026 | +19.5% | +15.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.37% of VYM is JCI itself, so the fund partly moves with the stock by construction.
Are JCI and VYM 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 VYM?
As of 2026-08-27, the correlation of weekly returns between JCI and VYM is 0.56 over 3 years, 0.46 over 1 year and 0.59 over 5 years.
Is VYM 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?
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.
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Related comparisons
Hubs: JCI correlations · VYM correlations
