JHX vs UCFI: Correlation
Measured on weekly returns over the past three years, James Hardie Industries plc. (JHX) and CN Healthy Food Tech Group Corp. (UCFI) carry a correlation of -0.39, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JHX and UCFI?
Across a 3-year window, the weekly returns of JHX and UCFI correlate at -0.39, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.18 versus -0.39 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -1233.4 %².
Out of 13 assets tracked against JHX, UCFI lands near the bottom at #13. Correlation aside, the last 12 months split them widely, with JHX ahead by 100.2 points (+46.1% versus -54.1%).
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.
JHX vs UCFI: side by side
| JHX (James Hardie Industries plc.) | UCFI (CN Healthy Food Tech Group Corp.) | |
|---|---|---|
| 1-year return | +46.1% | -54.1% |
| 5-year return | -21.2% | n/a |
| Volatility (ann.) | 46.3% | 66.8% |
| Beta vs S&P 500 | 1.43 | -0.21 |
| Max drawdown (3Y) | -60.3% | -67.3% |
| Market cap | $17.3B | $0.3B |
| P/E (trailing) | 135.3 | 30.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JHX | UCFI |
|---|---|---|
| 2022 | -55.4% | – |
| 2023 | +115.6% | – |
| 2024 | -20.3% | – |
| 2025 | -32.7% | -46.5% |
| 2026 | +43.5% | +0.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JHX and UCFI good diversifiers for each other?
Yes. With a correlation of -0.39, JHX and UCFI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between JHX and UCFI?
The JHX/UCFI correlation stands at -0.39 on a 3-year window (1 year: -0.18, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is UCFI a good diversifier for JHX?
Yes. With a correlation of -0.39, JHX and UCFI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.39 mean?
A reading of -0.39 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/jhx-vs-ucfi.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/jhx-vs-ucfi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: JHX correlations · UCFI correlations
