JNJ vs MO: Correlation
Measured on weekly returns over the past three years, Johnson & Johnson (JNJ) and Altria (MO) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JNJ and MO?
Over the past 3 years, JNJ and MO moved with a correlation of 0.47, which is moderate. Little has changed lately, as the 1-year reading of 0.46 lands near the 3-year figure. Over 5 years the correlation is 0.36, and the annualized covariance of weekly returns is 189.6 %².
Among the 48 assets we track against JNJ, MO ranks #21 by 3-year correlation. The last year tells two different stories: JNJ led by 44.9 percentage points, +53.7% for JNJ against +8.8% for MO. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.13 to 0.65.
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.
JNJ vs MO: side by side
| JNJ (Johnson & Johnson) | MO (Altria) | |
|---|---|---|
| 1-year return | +53.7% | +8.8% |
| 5-year return | +76.0% | +100.4% |
| Volatility (ann.) | 18.5% | 21.8% |
| Beta vs S&P 500 | 0.05 | -0.07 |
| Max drawdown (3Y) | -14.4% | -16.4% |
| Market cap | $640.5B | $113.0B |
| P/E (trailing) | 30.9 | 14.6 |
| Dividend yield | 1.94% | 6.13% |
| Sector / category | Health Care | Consumer Staples |
Year-by-year returns
| Year | JNJ | MO |
|---|---|---|
| 2022 | +6.0% | +4.4% |
| 2023 | -8.6% | -3.7% |
| 2024 | -4.8% | +40.8% |
| 2025 | +47.5% | +18.2% |
| 2026 | +30.5% | +21.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JNJ and MO good diversifiers for each other?
Reasonably. At 0.47, JNJ and MO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between JNJ and MO?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.46 over the last year and 0.36 over 5 years.
Is MO a good diversifier for JNJ?
Reasonably. At 0.47, JNJ and MO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 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.
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Related comparisons
Hubs: JNJ correlations · MO correlations
