RJF vs SEIC: Correlation
Measured on weekly returns over the past three years, Raymond James Financial (RJF) and SEI Investments Company (SEIC) carry a correlation of 0.64, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RJF and SEIC?
Across a 3-year window, the weekly returns of RJF and SEIC correlate at 0.64, strong. Recent behaviour matches the longer record: 0.54 over 1 year against 0.64 over 3. Stretching to 5 years gives 0.67, with an annualized covariance of 325.7 %².
Among the 29 assets we track against RJF, SEIC ranks #15 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SEIC outperformed by 18.1 percentage points (+6.3% for RJF against +24.4% for SEIC).
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.
RJF vs SEIC: side by side
| RJF (Raymond James Financial) | SEIC (SEI Investments Company) | |
|---|---|---|
| 1-year return | +6.3% | +24.4% |
| 5-year return | +102.1% | +89.5% |
| Volatility (ann.) | 24.8% | 20.7% |
| Beta vs S&P 500 | 1.03 | 0.91 |
| Max drawdown (3Y) | -28.1% | -23.3% |
| Market cap | $33.8B | $13.4B |
| P/E (trailing) | 15.4 | 19.6 |
| Dividend yield | 1.20% | 0.94% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | RJF | SEIC |
|---|---|---|
| 2022 | +8.3% | -2.9% |
| 2023 | +6.1% | +10.6% |
| 2024 | +40.8% | +31.5% |
| 2025 | +4.7% | +0.6% |
| 2026 | +10.8% | +36.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RJF and SEIC good diversifiers for each other?
To a limited degree. At 0.64 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between RJF and SEIC?
Using weekly returns as of 2026-08-27: 0.64 over 3 years, with 0.54 over the last year and 0.67 over 5 years.
Is SEIC a good diversifier for RJF?
To a limited degree. At 0.64 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.64 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: RJF correlations · SEIC correlations
