JKHY vs SPSC: Correlation
How closely do Jack Henry & Associates (JKHY) and SPS Commerce, Inc. (SPSC) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JKHY and SPSC?
On 3 years of weekly data the JKHY/SPSC correlation comes out at 0.50, moderate. Recent behaviour matches the longer record: 0.60 over 1 year against 0.50 over 3. The 5-year figure is 0.44, and annualized covariance runs at 508.5 %².
Among the 33 assets we track against JKHY, SPSC ranks #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with JKHY ahead by 31.2 points (+5.8% versus -25.4%). One caveat on sizing: SPSC is 1.9 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.
JKHY vs SPSC: side by side
| JKHY (Jack Henry & Associates) | SPSC (SPS Commerce, Inc.) | |
|---|---|---|
| 1-year return | +5.8% | -25.4% |
| 5-year return | +2.6% | -38.6% |
| Volatility (ann.) | 23.0% | 44.2% |
| Beta vs S&P 500 | 0.21 | 1.10 |
| Max drawdown (3Y) | -35.4% | -76.8% |
| Market cap | $12.1B | $3.0B |
| P/E (trailing) | 24.7 | 40.5 |
| Dividend yield | 1.38% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | JKHY | SPSC |
|---|---|---|
| 2022 | +6.2% | -9.8% |
| 2023 | -5.7% | +50.9% |
| 2024 | +8.7% | -5.1% |
| 2025 | +5.5% | -51.6% |
| 2026 | -6.3% | -5.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JKHY and SPSC good diversifiers for each other?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between JKHY and SPSC?
As of 2026-08-27, the correlation of weekly returns between JKHY and SPSC is 0.50 over 3 years, 0.60 over 1 year and 0.44 over 5 years.
Is SPSC a good diversifier for JKHY?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.50 mean?
A reading of 0.50 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: JKHY correlations · SPSC correlations
