JNJ vs WEC: Correlation
Johnson & Johnson (JNJ) and WEC Energy Group (WEC) show a moderate relationship: their 3-year correlation of weekly returns is 0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JNJ and WEC?
Across a 3-year window, the weekly returns of JNJ and WEC correlate at 0.54, moderate. Recent behaviour matches the longer record: 0.54 over 1 year against 0.54 over 3. Stretching to 5 years gives 0.52, with an annualized covariance of 168.5 %².
Within JNJ's tracked universe of 48 assets, WEC comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months JNJ outperformed by 51.6 percentage points (+53.7% for JNJ against +2.1% for WEC). On a rolling one-year basis the correlation drifted between 0.41 and 0.66, a moderate band.
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 WEC: side by side
| JNJ (Johnson & Johnson) | WEC (WEC Energy Group) | |
|---|---|---|
| 1-year return | +53.7% | +2.1% |
| 5-year return | +76.0% | +32.7% |
| Volatility (ann.) | 18.5% | 16.9% |
| Beta vs S&P 500 | 0.05 | 0.02 |
| Max drawdown (3Y) | -14.4% | -11.6% |
| Market cap | $640.5B | $34.6B |
| P/E (trailing) | 30.9 | 20.6 |
| Dividend yield | 1.94% | 3.43% |
| Sector / category | Health Care | Utilities |
Year-by-year returns
| Year | JNJ | WEC |
|---|---|---|
| 2022 | +6.0% | -0.5% |
| 2023 | -8.6% | -7.0% |
| 2024 | -4.8% | +16.1% |
| 2025 | +47.5% | +16.0% |
| 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 WEC good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between JNJ and WEC?
The JNJ/WEC correlation stands at 0.54 on a 3-year window (1 year: 0.54, 5 years: 0.52), computed from weekly returns as of 2026-08-27.
Is WEC a good diversifier for JNJ?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 mean?
On the −1 to +1 scale, 0.54 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 · WEC correlations
