JYD vs PAI: Correlation
Jayud Global Logistics Limited - Class A (JYD) and Western Asset Investment Grade Income Fund Inc. (PAI) show a weak relationship: their 3-year correlation of weekly returns is 0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JYD and PAI?
Across a 3-year window, the weekly returns of JYD and PAI correlate at 0.28, weak. The past 12 months show a weaker link (-0.06) than the 3-year average (0.28). Stretching to 5 years gives n/a, with an annualized covariance of 380.3 %².
Within JYD's tracked universe of 12 assets, PAI comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months PAI outperformed by 88.9 percentage points (-89.5% for JYD against -0.6% for PAI). Note the risk asymmetry: JYD runs 13.7 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.
JYD vs PAI: side by side
| JYD (Jayud Global Logistics Limited - Class A) | PAI (Western Asset Investment Grade Income Fund Inc.) | |
|---|---|---|
| 1-year return | -89.5% | -0.6% |
| 5-year return | n/a | -4.0% |
| Volatility (ann.) | 136.8% | 10.0% |
| Beta vs S&P 500 | 1.58 | 0.28 |
| Max drawdown (3Y) | -99.8% | -8.9% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 12.9 |
| Dividend yield | 0.00% | 2.65% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JYD | PAI |
|---|---|---|
| 2022 | – | -22.5% |
| 2023 | – | +9.1% |
| 2024 | +188.3% | +9.2% |
| 2025 | -96.9% | +5.4% |
| 2026 | -81.5% | -1.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JYD and PAI good diversifiers for each other?
A fair diversifier. At 0.28, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between JYD and PAI?
The JYD/PAI correlation stands at 0.28 on a 3-year window (1 year: -0.06, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is PAI a good diversifier for JYD?
A fair diversifier. At 0.28, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.28 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.
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Related comparisons
Hubs: JYD correlations · PAI correlations
