JNJ vs QETA: Correlation
How closely do Johnson & Johnson (JNJ) and Quetta Acquisition Corporation (QETA) trade together? Their weekly returns over three years give a correlation of 0.33, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JNJ and QETA?
Across a 3-year window, the weekly returns of JNJ and QETA correlate at 0.33, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.50 versus 0.33 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 31.7 %².
Among the 48 assets we track against JNJ, QETA ranks #33 by 3-year correlation. The last year tells two different stories: JNJ led by 48.8 percentage points, +53.7% for JNJ against +4.9% for QETA. Note the risk asymmetry: JNJ runs 3.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 QETA: side by side
| JNJ (Johnson & Johnson) | QETA (Quetta Acquisition Corporation) | |
|---|---|---|
| 1-year return | +53.7% | +4.9% |
| 5-year return | +76.0% | n/a |
| Volatility (ann.) | 18.5% | 5.2% |
| Beta vs S&P 500 | 0.05 | -0.04 |
| Max drawdown (3Y) | -14.4% | -5.1% |
| Market cap | $640.5B | – |
| P/E (trailing) | 30.9 | 51.0 |
| Dividend yield | 1.94% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | JNJ | QETA |
|---|---|---|
| 2022 | +6.0% | – |
| 2023 | -8.6% | – |
| 2024 | -4.8% | +4.4% |
| 2025 | +47.5% | +7.6% |
| 2026 | +30.5% | +3.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JNJ and QETA good diversifiers for each other?
Reasonably. At 0.33, JNJ and QETA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between JNJ and QETA?
Using weekly returns as of 2026-08-27: 0.33 over 3 years, with 0.50 over the last year and n/a over 5 years.
Is QETA a good diversifier for JNJ?
Reasonably. At 0.33, JNJ and QETA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.33 mean?
A reading of 0.33 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/jnj-vs-qeta.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jnj-vs-qeta/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: JNJ correlations · QETA correlations
