JNJ vs ZCMD: Correlation
Measured on weekly returns over the past three years, Johnson & Johnson (JNJ) and Zhongchao Inc. - Class A (ZCMD) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JNJ and ZCMD?
Over the past 3 years, JNJ and ZCMD moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.22 over 1 year against -0.24 over 3. Over 5 years the correlation is -0.18, and the annualized covariance of weekly returns is -621.0 %².
Out of 48 assets tracked against JNJ, ZCMD lands near the bottom at #44. The last year tells two different stories: JNJ led by 153.6 percentage points, +53.7% for JNJ against -99.9% for ZCMD. Risk is not evenly split, since ZCMD carries 7.7 times the volatility of the other side.
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 ZCMD: side by side
| JNJ (Johnson & Johnson) | ZCMD (Zhongchao Inc. - Class A) | |
|---|---|---|
| 1-year return | +53.7% | -99.9% |
| 5-year return | +76.0% | -100.0% |
| Volatility (ann.) | 18.5% | 141.8% |
| Beta vs S&P 500 | 0.05 | 0.59 |
| Max drawdown (3Y) | -14.4% | -100.0% |
| Market cap | $640.5B | – |
| P/E (trailing) | 30.9 | – |
| Dividend yield | 1.94% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | JNJ | ZCMD |
|---|---|---|
| 2022 | +6.0% | -35.4% |
| 2023 | -8.6% | -69.5% |
| 2024 | -4.8% | -53.8% |
| 2025 | +47.5% | -72.2% |
| 2026 | +30.5% | -99.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JNJ and ZCMD good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between JNJ and ZCMD?
The JNJ/ZCMD correlation stands at -0.24 on a 3-year window (1 year: -0.22, 5 years: -0.18), computed from weekly returns as of 2026-08-27.
Is ZCMD a good diversifier for JNJ?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
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-zcmd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jnj-vs-zcmd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JNJ correlations · ZCMD correlations
