JKHY vs MRSH: Correlation
Jack Henry & Associates (JKHY) and Marsh McLennan (MRSH) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JKHY and MRSH?
On 3 years of weekly data the JKHY/MRSH correlation comes out at 0.42, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.53 versus 0.42 over 3 years. The 5-year figure is 0.48, and annualized covariance runs at 173.4 %².
By 3-year correlation, MRSH places #17 of the 33 assets tracked against JKHY. The trailing year gives JKHY the advantage: +5.8% versus -6.0%, a 11.8-point spread. The rolling one-year correlation moved between 0.20 and 0.60 over the past three years, a moderate range.
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.
JKHY vs MRSH: side by side
| JKHY (Jack Henry & Associates) | MRSH (Marsh McLennan) | |
|---|---|---|
| 1-year return | +5.8% | -6.0% |
| 5-year return | +2.6% | +31.3% |
| Volatility (ann.) | 23.0% | 18.1% |
| Beta vs S&P 500 | 0.21 | 0.33 |
| Max drawdown (3Y) | -35.4% | -34.4% |
| Market cap | $12.1B | $90.7B |
| P/E (trailing) | 24.7 | 23.6 |
| Dividend yield | 1.38% | 1.91% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | JKHY | MRSH |
|---|---|---|
| 2022 | +6.2% | -3.5% |
| 2023 | -5.7% | +16.1% |
| 2024 | +8.7% | +13.7% |
| 2025 | +5.5% | -11.3% |
| 2026 | -6.3% | +4.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JKHY and MRSH good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between JKHY and MRSH?
As of 2026-08-27, the correlation of weekly returns between JKHY and MRSH is 0.42 over 3 years, 0.53 over 1 year and 0.48 over 5 years.
Is MRSH a good diversifier for JKHY?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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: JKHY correlations · MRSH correlations
