JNJ vs PFE: Correlation
Measured on weekly returns over the past three years, Johnson & Johnson (JNJ) and Pfizer (PFE) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JNJ and PFE?
Across a 3-year window, the weekly returns of JNJ and PFE correlate at 0.36, moderate. The link has loosened recently: the 1-year correlation (0.22) runs below the 3-year figure (0.36). Stretching to 5 years gives 0.40, with an annualized covariance of 160.1 %².
Among the 48 assets we track against JNJ, PFE ranks #30 by 3-year correlation. The last year tells two different stories: JNJ led by 34.1 percentage points, +53.7% for JNJ against +19.6% for PFE. The rolling one-year correlation moved between 0.21 and 0.60 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 PFE: side by side
| JNJ (Johnson & Johnson) | PFE (Pfizer) | |
|---|---|---|
| 1-year return | +53.7% | +19.6% |
| 5-year return | +76.0% | -21.9% |
| Volatility (ann.) | 18.5% | 23.8% |
| Beta vs S&P 500 | 0.05 | 0.40 |
| Max drawdown (3Y) | -14.4% | -34.8% |
| Market cap | $640.5B | $159.7B |
| P/E (trailing) | 30.9 | 37.4 |
| Dividend yield | 1.94% | 6.08% |
| Sector / category | Health Care | Health Care |
Year-by-year returns
| Year | JNJ | PFE |
|---|---|---|
| 2022 | +6.0% | -10.4% |
| 2023 | -8.6% | -41.3% |
| 2024 | -4.8% | -2.2% |
| 2025 | +47.5% | +0.6% |
| 2026 | +30.5% | +18.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JNJ and PFE good diversifiers for each other?
Reasonably. At 0.36, JNJ and PFE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between JNJ and PFE?
As of 2026-08-27, the correlation of weekly returns between JNJ and PFE is 0.36 over 3 years, 0.22 over 1 year and 0.40 over 5 years.
Is PFE a good diversifier for JNJ?
Reasonably. At 0.36, JNJ and PFE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.36 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
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Related comparisons
Hubs: JNJ correlations · PFE correlations
