JELD vs OC: Correlation
Measured on weekly returns over the past three years, JELD-WEN Holding, Inc. (JELD) and Owens Corning Inc (OC) carry a correlation of 0.59, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JELD and OC?
Across a 3-year window, the weekly returns of JELD and OC correlate at 0.59, moderate. Little has changed lately, as the 1-year reading of 0.60 lands near the 3-year figure. Stretching to 5 years gives 0.60, with an annualized covariance of 1668.3 %².
Few assets follow JELD as closely as OC, which ranks #2 of 16 tracked partners. Their recent paths diverged sharply: over the last 12 months OC outperformed by 60.1 percentage points (-63.7% for JELD against -3.6% for OC). Risk is not evenly split, since JELD carries 2.3 times the volatility of the other side.
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.
JELD vs OC: side by side
| JELD (JELD-WEN Holding, Inc.) | OC (Owens Corning Inc) | |
|---|---|---|
| 1-year return | -63.7% | -3.6% |
| 5-year return | -92.5% | +60.3% |
| Volatility (ann.) | 80.7% | 35.1% |
| Beta vs S&P 500 | 2.01 | 1.41 |
| Max drawdown (3Y) | -95.5% | -52.5% |
| Market cap | $0.2B | $11.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 2.10% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JELD | OC |
|---|---|---|
| 2022 | -63.4% | -4.2% |
| 2023 | +95.6% | +77.2% |
| 2024 | -56.6% | +16.6% |
| 2025 | -70.0% | -33.0% |
| 2026 | -11.4% | +30.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JELD and OC good diversifiers for each other?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between JELD and OC?
Using weekly returns as of 2026-08-27: 0.59 over 3 years, with 0.60 over the last year and 0.60 over 5 years.
Is OC a good diversifier for JELD?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.59 mean?
On the −1 to +1 scale, 0.59 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.
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Related comparisons
Hubs: JELD correlations · OC correlations
