JNJ vs MSFT: Correlation
How closely do Johnson & Johnson (JNJ) and Microsoft (MSFT) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JNJ and MSFT?
Across a 3-year window, the weekly returns of JNJ and MSFT correlate at -0.24, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.35) than the 3-year average (-0.24). Stretching to 5 years gives -0.07, with an annualized covariance of -121.2 %².
Within JNJ's tracked universe of 48 assets, MSFT comes in at #42 by 3-year correlation. The last year tells two different stories: JNJ led by 53.2 percentage points, +53.7% for JNJ against +0.5% for MSFT. The rolling one-year correlation moved between -0.37 and 0.06 over the past three years, a moderate range.
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 MSFT: side by side
| JNJ (Johnson & Johnson) | MSFT (Microsoft) | |
|---|---|---|
| 1-year return | +53.7% | +0.5% |
| 5-year return | +76.0% | +73.3% |
| Volatility (ann.) | 18.5% | 27.5% |
| Beta vs S&P 500 | 0.05 | 1.12 |
| Max drawdown (3Y) | -14.4% | -34.5% |
| Market cap | $640.5B | $3,750.3B |
| P/E (trailing) | 30.9 | 28.1 |
| Dividend yield | 1.94% | 0.73% |
| Sector / category | Health Care | Information Technology |
Year-by-year returns
| Year | JNJ | MSFT |
|---|---|---|
| 2022 | +6.0% | -28.0% |
| 2023 | -8.6% | +58.2% |
| 2024 | -4.8% | +12.9% |
| 2025 | +47.5% | +15.6% |
| 2026 | +30.5% | +5.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JNJ and MSFT good diversifiers for each other?
Yes. With a correlation of -0.24, JNJ and MSFT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between JNJ and MSFT?
As of 2026-08-27, the correlation of weekly returns between JNJ and MSFT is -0.24 over 3 years, -0.35 over 1 year and -0.07 over 5 years.
Is MSFT a good diversifier for JNJ?
Yes. With a correlation of -0.24, JNJ and MSFT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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/jnj-vs-msft.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jnj-vs-msft/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: JNJ correlations · MSFT correlations
