JKHY vs WMB: Correlation
Measured on weekly returns over the past three years, Jack Henry & Associates (JKHY) and Williams Companies (WMB) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JKHY and WMB?
On 3 years of weekly data the JKHY/WMB correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.30 over 1 year against -0.20 over 3. The 5-year figure is 0.05, and annualized covariance runs at -108.8 %².
Among the 33 assets we track against JKHY, WMB ranks #23 by 3-year correlation. The last year tells two different stories: WMB led by 27.3 percentage points, +5.8% for JKHY against +33.1% for WMB. This link changes with the market regime, having swung between -0.41 and 0.55 on a rolling one-year basis.
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 WMB: side by side
| JKHY (Jack Henry & Associates) | WMB (Williams Companies) | |
|---|---|---|
| 1-year return | +5.8% | +33.1% |
| 5-year return | +2.6% | +279.9% |
| Volatility (ann.) | 23.0% | 24.0% |
| Beta vs S&P 500 | 0.21 | 0.34 |
| Max drawdown (3Y) | -35.4% | -12.4% |
| Market cap | $12.1B | $90.7B |
| P/E (trailing) | 24.7 | 29.7 |
| Dividend yield | 1.38% | 2.76% |
| Sector / category | Financials | Energy |
Year-by-year returns
| Year | JKHY | WMB |
|---|---|---|
| 2022 | +6.2% | +32.8% |
| 2023 | -5.7% | +11.9% |
| 2024 | +8.7% | +62.3% |
| 2025 | +5.5% | +14.9% |
| 2026 | -6.3% | +25.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JKHY and WMB good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between JKHY and WMB?
As of 2026-08-27, the correlation of weekly returns between JKHY and WMB is -0.20 over 3 years, -0.30 over 1 year and 0.05 over 5 years.
Is WMB a good diversifier for JKHY?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 mean?
A reading of -0.20 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 · WMB correlations
