JDZG vs WTW: Correlation
Measured on weekly returns over the past three years, JIADE LIMITED - Class A (JDZG) and Willis Towers Watson (WTW) carry a correlation of -0.31, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JDZG and WTW?
Over the past 3 years, JDZG and WTW moved with a correlation of -0.31, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.53) than the 3-year average (-0.31). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -1884.4 %².
Out of 25 assets tracked against JDZG, WTW lands near the bottom at #23. The last year tells two different stories: WTW led by 103.5 percentage points, -99.3% for JDZG against +4.2% for WTW. Note the risk asymmetry: JDZG runs 10.7 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.
JDZG vs WTW: side by side
| JDZG (JIADE LIMITED - Class A) | WTW (Willis Towers Watson) | |
|---|---|---|
| 1-year return | -99.3% | +4.2% |
| 5-year return | n/a | +68.3% |
| Volatility (ann.) | 252.5% | 23.5% |
| Beta vs S&P 500 | 0.21 | 0.32 |
| Max drawdown (3Y) | -100.0% | -30.4% |
| Market cap | – | $31.5B |
| P/E (trailing) | – | 21.2 |
| Dividend yield | 0.00% | 0.55% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | JDZG | WTW |
|---|---|---|
| 2022 | – | +4.5% |
| 2023 | – | +0.1% |
| 2024 | – | +31.5% |
| 2025 | -88.0% | +6.1% |
| 2026 | -98.2% | +4.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JDZG and WTW good diversifiers for each other?
By historical standards, yes. A correlation of -0.31 means the two rarely move for the same reasons.
FAQ
What is the correlation between JDZG and WTW?
The JDZG/WTW correlation stands at -0.31 on a 3-year window (1 year: -0.53, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is WTW a good diversifier for JDZG?
By historical standards, yes. A correlation of -0.31 means the two rarely move for the same reasons.
What does a correlation of -0.31 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
$ curl https://www.pairbook.io/api/v1/pairs/jdzg-vs-wtw.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jdzg-vs-wtw/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: JDZG correlations · WTW correlations
