JKHY vs OMH: Correlation
How closely do Jack Henry & Associates (JKHY) and Ohmyhome Limited - Class A (OMH) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JKHY and OMH?
On 3 years of weekly data the JKHY/OMH correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.11) than the 3-year average (-0.23). The 5-year figure is n/a, and annualized covariance runs at -2412.3 %².
Within JKHY's tracked universe of 33 assets, OMH comes in at #28 by 3-year correlation. Correlation aside, the last 12 months split them widely, with JKHY ahead by 99.4 points (+5.8% versus -93.6%). Risk is not evenly split, since OMH carries 19.5 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.
JKHY vs OMH: side by side
| JKHY (Jack Henry & Associates) | OMH (Ohmyhome Limited - Class A) | |
|---|---|---|
| 1-year return | +5.8% | -93.6% |
| 5-year return | +2.6% | n/a |
| Volatility (ann.) | 23.0% | 448.2% |
| Beta vs S&P 500 | 0.21 | -3.85 |
| Max drawdown (3Y) | -35.4% | -97.9% |
| Market cap | $12.1B | – |
| P/E (trailing) | 24.7 | – |
| Dividend yield | 1.38% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | JKHY | OMH |
|---|---|---|
| 2022 | +6.2% | – |
| 2023 | -5.7% | – |
| 2024 | +8.7% | -73.9% |
| 2025 | +5.5% | +102.0% |
| 2026 | -6.3% | -90.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JKHY and OMH good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between JKHY and OMH?
As of 2026-08-27, the correlation of weekly returns between JKHY and OMH is -0.23 over 3 years, -0.11 over 1 year and n/a over 5 years.
Is OMH a good diversifier for JKHY?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
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Related comparisons
Hubs: JKHY correlations · OMH correlations
