JKHY vs STRL: Correlation
Measured on weekly returns over the past three years, Jack Henry & Associates (JKHY) and Sterling Infrastructure, Inc. (STRL) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JKHY and STRL?
Over the past 3 years, JKHY and STRL moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.50) than the 3-year average (-0.23). Over 5 years the correlation is -0.12, and the annualized covariance of weekly returns is -351.6 %².
STRL is close to the least connected end of JKHY's tracked universe, ranking #29 of 33. Their recent paths diverged sharply: over the last 12 months STRL outperformed by 69.2 percentage points (+5.8% for JKHY against +75.0% for STRL). Note the risk asymmetry: STRL runs 2.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 STRL: side by side
| JKHY (Jack Henry & Associates) | STRL (Sterling Infrastructure, Inc.) | |
|---|---|---|
| 1-year return | +5.8% | +75.0% |
| 5-year return | +2.6% | +2095.9% |
| Volatility (ann.) | 23.0% | 66.9% |
| Beta vs S&P 500 | 0.21 | 2.13 |
| Max drawdown (3Y) | -35.4% | -51.1% |
| Market cap | $12.1B | $15.5B |
| P/E (trailing) | 24.7 | 36.5 |
| Dividend yield | 1.38% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | JKHY | STRL |
|---|---|---|
| 2022 | +6.2% | +24.7% |
| 2023 | -5.7% | +168.1% |
| 2024 | +8.7% | +91.6% |
| 2025 | +5.5% | +81.8% |
| 2026 | -6.3% | +65.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JKHY and STRL good diversifiers for each other?
Yes. With a correlation of -0.23, JKHY and STRL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between JKHY and STRL?
The JKHY/STRL correlation stands at -0.23 on a 3-year window (1 year: -0.50, 5 years: -0.12), computed from weekly returns as of 2026-08-27.
Is STRL a good diversifier for JKHY?
Yes. With a correlation of -0.23, JKHY and STRL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
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
$ curl https://www.pairbook.io/api/v1/pairs/jkhy-vs-strl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/jkhy-vs-strl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: JKHY correlations · STRL correlations
