JKHY vs WDC: Correlation
Measured on weekly returns over the past three years, Jack Henry & Associates (JKHY) and Western Digital (WDC) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JKHY and WDC?
Across a 3-year window, the weekly returns of JKHY and WDC correlate at -0.22, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.37 versus -0.22 over 3 years. Stretching to 5 years gives -0.07, with an annualized covariance of -296.1 %².
Among the 33 assets we track against JKHY, WDC ranks #26 by 3-year correlation. The last year tells two different stories: WDC led by 468.5 percentage points, +5.8% for JKHY against +474.3% for WDC. The relationship is regime-dependent: the rolling one-year correlation swung between -0.34 and 0.27 over the past three years, so this pair behaves very differently depending on the market environment. Risk is not evenly split, since WDC carries 2.5 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 WDC: side by side
| JKHY (Jack Henry & Associates) | WDC (Western Digital) | |
|---|---|---|
| 1-year return | +5.8% | +474.3% |
| 5-year return | +2.6% | +889.2% |
| Volatility (ann.) | 23.0% | 58.0% |
| Beta vs S&P 500 | 0.21 | 2.15 |
| Max drawdown (3Y) | -35.4% | -49.6% |
| Market cap | $12.1B | $166.6B |
| P/E (trailing) | 24.7 | 17.4 |
| Dividend yield | 1.38% | 0.11% |
| Sector / category | Financials | Information Technology |
Year-by-year returns
| Year | JKHY | WDC |
|---|---|---|
| 2022 | +6.2% | -51.6% |
| 2023 | -5.7% | +66.0% |
| 2024 | +8.7% | +13.9% |
| 2025 | +5.5% | +283.7% |
| 2026 | -6.3% | +168.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JKHY and WDC good diversifiers for each other?
Yes. With a correlation of -0.22, JKHY and WDC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between JKHY and WDC?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.37 over the last year and -0.07 over 5 years.
Is WDC a good diversifier for JKHY?
Yes. With a correlation of -0.22, JKHY and WDC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
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-wdc.json
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Related comparisons
Hubs: JKHY correlations · WDC correlations
