JNJ vs ORCL: Correlation
How closely do Johnson & Johnson (JNJ) and Oracle Corporation (ORCL) 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 ORCL?
On 3 years of weekly data the JNJ/ORCL correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.52) than the 3-year average (-0.24). The 5-year figure is -0.09, and annualized covariance runs at -218.6 %².
Within JNJ's tracked universe of 48 assets, ORCL comes in at #43 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months JNJ outperformed by 88.5 percentage points (+53.7% for JNJ against -34.8% for ORCL). The relationship is regime-dependent: the rolling one-year correlation swung between -0.51 and 0.31 over the past three years, so this pair behaves very differently depending on the market environment. One caveat on sizing: ORCL is 2.7 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.
JNJ vs ORCL: side by side
| JNJ (Johnson & Johnson) | ORCL (Oracle Corporation) | |
|---|---|---|
| 1-year return | +53.7% | -34.8% |
| 5-year return | +76.0% | +81.7% |
| Volatility (ann.) | 18.5% | 49.9% |
| Beta vs S&P 500 | 0.05 | 1.71 |
| Max drawdown (3Y) | -14.4% | -64.6% |
| Market cap | $640.5B | $437.7B |
| P/E (trailing) | 30.9 | 25.5 |
| Dividend yield | 1.94% | 1.34% |
| Sector / category | Health Care | Information Technology |
Year-by-year returns
| Year | JNJ | ORCL |
|---|---|---|
| 2022 | +6.0% | -4.6% |
| 2023 | -8.6% | +30.9% |
| 2024 | -4.8% | +60.0% |
| 2025 | +47.5% | +18.1% |
| 2026 | +30.5% | -21.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JNJ and ORCL good diversifiers for each other?
Yes. With a correlation of -0.24, JNJ and ORCL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between JNJ and ORCL?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.52 over the last year and -0.09 over 5 years.
Is ORCL a good diversifier for JNJ?
Yes. With a correlation of -0.24, JNJ and ORCL 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-orcl.json
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Related comparisons
Hubs: JNJ correlations · ORCL correlations
