JL vs ZEO: Correlation
Measured on weekly returns over the past three years, J-Long Group Limited - Class A (JL) and Zeo Energy Corporation (ZEO) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JL and ZEO?
Over the past 3 years, JL and ZEO moved with a correlation of 0.42, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.01 versus 0.42 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 33705.3 %².
Among the 58 assets we track against JL, ZEO ranks #13 by 3-year correlation. Correlation aside, the last 12 months split them widely, with JL ahead by 65.3 points (-16.4% versus -81.7%). One caveat on sizing: JL is 4.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 ZEO: side by side
| JL (J-Long Group Limited - Class A) | ZEO (Zeo Energy Corporation) | |
|---|---|---|
| 1-year return | -16.4% | -81.7% |
| 5-year return | n/a | -96.8% |
| Volatility (ann.) | 580.0% | 130.0% |
| Beta vs S&P 500 | -1.02 | 1.10 |
| Max drawdown (3Y) | -98.6% | -97.4% |
| Market cap | – | – |
| P/E (trailing) | 6.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JL | ZEO |
|---|---|---|
| 2022 | – | +4.2% |
| 2023 | – | +8.9% |
| 2024 | – | -69.5% |
| 2025 | +67.1% | -68.2% |
| 2026 | -20.1% | -70.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JL and ZEO good diversifiers for each other?
Reasonably. At 0.42, JL and ZEO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between JL and ZEO?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.01 over the last year and n/a over 5 years.
Is ZEO a good diversifier for JL?
Reasonably. At 0.42, JL and ZEO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 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/jl-vs-zeo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/jl-vs-zeo/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: JL correlations · ZEO correlations
