JEF vs SF: Correlation
Jefferies Financial Group Inc. (JEF) and Stifel Financial Corporation (SF) show a strong relationship: their 3-year correlation of weekly returns is 0.73.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JEF and SF?
On 3 years of weekly data the JEF/SF correlation comes out at 0.73, strong. Little has changed lately, as the 1-year reading of 0.64 lands near the 3-year figure. The 5-year figure is 0.72, and annualized covariance runs at 782.7 %².
In JEF's tracked universe of 16 assets, SF sits right near the top at #3. Their recent paths diverged sharply: over the last 12 months SF outperformed by 21.9 percentage points (-15.9% for JEF against +6.0% for SF).
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.
JEF vs SF: side by side
| JEF (Jefferies Financial Group Inc.) | SF (Stifel Financial Corporation) | |
|---|---|---|
| 1-year return | -15.9% | +6.0% |
| 5-year return | +73.8% | +92.0% |
| Volatility (ann.) | 39.3% | 27.2% |
| Beta vs S&P 500 | 1.57 | 1.23 |
| Max drawdown (3Y) | -54.4% | -34.7% |
| Market cap | $10.7B | $12.2B |
| P/E (trailing) | 14.8 | 14.4 |
| Dividend yield | 0.00% | 1.59% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JEF | SF |
|---|---|---|
| 2022 | -8.5% | -15.6% |
| 2023 | +27.7% | +21.2% |
| 2024 | +98.8% | +56.4% |
| 2025 | -18.8% | +20.1% |
| 2026 | -12.8% | -2.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JEF and SF good diversifiers for each other?
To a limited degree. At 0.73 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 JEF and SF?
The JEF/SF correlation stands at 0.73 on a 3-year window (1 year: 0.64, 5 years: 0.72), computed from weekly returns as of 2026-08-27.
Is SF a good diversifier for JEF?
To a limited degree. At 0.73 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 0.73 mean?
On the −1 to +1 scale, 0.73 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/jef-vs-sf.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/jef-vs-sf/)
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Related comparisons
Hubs: JEF correlations · SF correlations
