JLL vs OFIX: Correlation
Jones Lang LaSalle Incorporated (JLL) and Orthofix Medical Inc. (OFIX) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JLL and OFIX?
On 3 years of weekly data the JLL/OFIX correlation comes out at 0.48, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.22 versus 0.48 over 3 years. The 5-year figure is 0.48, and annualized covariance runs at 795.7 %².
By 3-year correlation, OFIX places #15 of the 26 assets tracked against JLL. The last year tells two different stories: JLL led by 58.9 percentage points, +23.8% for JLL against -35.1% for OFIX.
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.
JLL vs OFIX: side by side
| JLL (Jones Lang LaSalle Incorporated) | OFIX (Orthofix Medical Inc.) | |
|---|---|---|
| 1-year return | +23.8% | -35.1% |
| 5-year return | +55.9% | -76.9% |
| Volatility (ann.) | 34.9% | 47.8% |
| Beta vs S&P 500 | 1.30 | 1.15 |
| Max drawdown (3Y) | -30.6% | -58.1% |
| Market cap | $17.4B | $0.4B |
| P/E (trailing) | 18.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JLL | OFIX |
|---|---|---|
| 2022 | -40.8% | -34.0% |
| 2023 | +18.5% | -34.3% |
| 2024 | +34.0% | +29.5% |
| 2025 | +32.9% | -13.2% |
| 2026 | +12.6% | -36.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JLL and OFIX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between JLL and OFIX?
The JLL/OFIX correlation stands at 0.48 on a 3-year window (1 year: 0.22, 5 years: 0.48), computed from weekly returns as of 2026-08-27.
Is OFIX a good diversifier for JLL?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 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.
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Related comparisons
Hubs: JLL correlations · OFIX correlations
