JL vs URI: Correlation
Measured on weekly returns over the past three years, J-Long Group Limited - Class A (JL) and United Rentals (URI) carry a correlation of -0.15, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JL and URI?
Across a 3-year window, the weekly returns of JL and URI correlate at -0.15, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.05) than the 3-year average (-0.15). Stretching to 5 years gives n/a, with an annualized covariance of -3347.9 %².
By 3-year correlation, URI places #22 of the 58 assets tracked against JL. Correlation aside, the last 12 months split them widely, with URI ahead by 26.6 points (-16.4% versus +10.2%). Note the risk asymmetry: JL runs 14.7 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.
JL vs URI: side by side
| JL (J-Long Group Limited - Class A) | URI (United Rentals) | |
|---|---|---|
| 1-year return | -16.4% | +10.2% |
| 5-year return | n/a | +204.1% |
| Volatility (ann.) | 580.0% | 39.5% |
| Beta vs S&P 500 | -1.02 | 1.42 |
| Max drawdown (3Y) | -98.6% | -37.0% |
| Market cap | – | $64.6B |
| P/E (trailing) | 6.5 | 25.4 |
| Dividend yield | 0.00% | 0.71% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | JL | URI |
|---|---|---|
| 2022 | – | +7.0% |
| 2023 | – | +63.6% |
| 2024 | – | +24.0% |
| 2025 | +67.1% | +15.9% |
| 2026 | -20.1% | +29.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JL and URI good diversifiers for each other?
Yes: at -0.15, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between JL and URI?
As of 2026-08-27, the correlation of weekly returns between JL and URI is -0.15 over 3 years, 0.05 over 1 year and n/a over 5 years.
Is URI a good diversifier for JL?
Yes: at -0.15, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.15 mean?
On the −1 to +1 scale, -0.15 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/jl-vs-uri.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/jl-vs-uri/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: JL correlations · URI correlations
