JJSF vs ULH: Correlation
J & J Snack Foods Corp. (JJSF) and Universal Logistics Holdings, Inc. (ULH) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JJSF and ULH?
Over the past 3 years, JJSF and ULH moved with a correlation of 0.46, which is moderate. Recent behaviour matches the longer record: 0.49 over 1 year against 0.46 over 3. Over 5 years the correlation is 0.34, and the annualized covariance of weekly returns is 949.2 %².
ULH is one of the assets that tracks JJSF most closely: it ranks #3 out of the 11 assets we track against JJSF. Over the last 12 months JJSF came out ahead by 6.0 percentage points (-20.0% against -26.0%). One caveat on sizing: ULH is 2.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
JJSF vs ULH: side by side
| JJSF (J & J Snack Foods Corp.) | ULH (Universal Logistics Holdings, Inc.) | |
|---|---|---|
| 1-year return | -20.0% | -26.0% |
| 5-year return | -39.4% | -5.6% |
| Volatility (ann.) | 30.3% | 68.3% |
| Beta vs S&P 500 | 0.31 | 1.46 |
| Max drawdown (3Y) | -59.2% | -76.1% |
| Market cap | $1.6B | $0.5B |
| P/E (trailing) | 34.4 | – |
| Dividend yield | 3.61% | 2.19% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JJSF | ULH |
|---|---|---|
| 2022 | -3.4% | +79.9% |
| 2023 | +13.7% | -14.9% |
| 2024 | -5.4% | +65.6% |
| 2025 | -40.0% | -66.3% |
| 2026 | -0.9% | +26.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JJSF and ULH good diversifiers for each other?
Reasonably. At 0.46, JJSF and ULH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between JJSF and ULH?
As of 2026-08-27, the correlation of weekly returns between JJSF and ULH is 0.46 over 3 years, 0.49 over 1 year and 0.34 over 5 years.
Is ULH a good diversifier for JJSF?
Reasonably. At 0.46, JJSF and ULH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 mean?
A reading of 0.46 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/jjsf-vs-ulh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jjsf-vs-ulh/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: JJSF correlations · ULH correlations
