JKHY vs VECO: Correlation
Jack Henry & Associates (JKHY) and Veeco Instruments Inc. (VECO) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JKHY and VECO?
Over the past 3 years, JKHY and VECO moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.44 versus -0.22 over 3 years. Over 5 years the correlation is -0.05, and the annualized covariance of weekly returns is -246.9 %².
Among the 33 assets we track against JKHY, VECO ranks #25 by 3-year correlation. The last year tells two different stories: VECO led by 89.8 percentage points, +5.8% for JKHY against +95.6% for VECO. Risk is not evenly split, since VECO carries 2.1 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 VECO: side by side
| JKHY (Jack Henry & Associates) | VECO (Veeco Instruments Inc.) | |
|---|---|---|
| 1-year return | +5.8% | +95.6% |
| 5-year return | +2.6% | +105.2% |
| Volatility (ann.) | 23.0% | 49.1% |
| Beta vs S&P 500 | 0.21 | 1.57 |
| Max drawdown (3Y) | -35.4% | -64.2% |
| Market cap | $12.1B | $2.9B |
| P/E (trailing) | 24.7 | 120.4 |
| Dividend yield | 1.38% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | JKHY | VECO |
|---|---|---|
| 2022 | +6.2% | -34.7% |
| 2023 | -5.7% | +67.0% |
| 2024 | +8.7% | -13.6% |
| 2025 | +5.5% | +6.6% |
| 2026 | -6.3% | +64.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JKHY and VECO good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between JKHY and VECO?
As of 2026-08-27, the correlation of weekly returns between JKHY and VECO is -0.22 over 3 years, -0.44 over 1 year and -0.05 over 5 years.
Is VECO a good diversifier for JKHY?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
A reading of -0.22 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/jkhy-vs-veco.json
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Related comparisons
Hubs: JKHY correlations · VECO correlations
