JCTC vs MUSA: Correlation
Jewett-Cameron Trading Company (JCTC) and Murphy USA Inc. (MUSA) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JCTC and MUSA?
On 3 years of weekly data the JCTC/MUSA correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.16 over 1 year against -0.22 over 3. The 5-year figure is -0.18, and annualized covariance runs at -328.3 %².
Out of 10 assets tracked against JCTC, MUSA lands near the bottom at #9. Their recent paths diverged sharply: over the last 12 months MUSA outperformed by 54.1 percentage points (-18.8% for JCTC against +35.3% for MUSA).
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.
JCTC vs MUSA: side by side
| JCTC (Jewett-Cameron Trading Company) | MUSA (Murphy USA Inc.) | |
|---|---|---|
| 1-year return | -18.8% | +35.3% |
| 5-year return | -72.2% | +234.8% |
| Volatility (ann.) | 44.2% | 33.7% |
| Beta vs S&P 500 | 0.37 | 0.06 |
| Max drawdown (3Y) | -74.1% | -35.5% |
| Market cap | – | $9.4B |
| P/E (trailing) | – | 16.3 |
| Dividend yield | 0.00% | 0.46% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JCTC | MUSA |
|---|---|---|
| 2022 | -32.4% | +41.0% |
| 2023 | -4.7% | +28.2% |
| 2024 | -14.5% | +41.3% |
| 2025 | -51.5% | -19.1% |
| 2026 | +30.2% | +26.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JCTC and MUSA good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between JCTC and MUSA?
As of 2026-08-27, the correlation of weekly returns between JCTC and MUSA is -0.22 over 3 years, -0.16 over 1 year and -0.18 over 5 years.
Is MUSA a good diversifier for JCTC?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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/jctc-vs-musa.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jctc-vs-musa/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: JCTC correlations · MUSA correlations
