JCI vs. CARR

Last updated Jun 9, 2026

JCI (Johnson Controls International plc) and CARR (Carrier Global Corporation) are both stocks. Both are in the Industrials sector — JCI in Engineering & Construction, CARR in Building Products & Equipment. Over the past 5 years, JCI returned 18.98%/yr vs 9.42%/yr for CARR. A 0.66 correlation means they provide meaningful diversification when combined.

Performance

JCI vs. CARR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Johnson Controls International plc (JCI) and Carrier Global Corporation (CARR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JCI achieves a 20.66% return, which is significantly lower than CARR's 28.46% return.

JCI

• 1D: 0.28%
• 1M: 3.25%
• YTD: 20.66%
• 6M: 26.09%
• 1Y: 40.71%
• 3Y*: 33.96%
• 5Y*: 18.98%
• 10Y*: 14.82%

CARR

• 1D: 0.28%
• 1M: 0.78%
• YTD: 28.46%
• 6M: 28.00%
• 1Y: -3.50%
• 3Y*: 15.82%
• 5Y*: 9.42%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

JCI vs. CARR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
JCI Johnson Controls International plc	20.66%	54.03%	39.80%	-7.63%	-19.29%	77.42%	86.52%
CARR Carrier Global Corporation	28.46%	-21.57%	20.26%	41.47%	-22.68%	45.31%	124.99%

Correlation

The correlation between JCI and CARR is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (All Time) Calculated using the full available price history since Apr 6, 2020	0.66

The correlation between JCI and CARR shifts across timeframes, from 0.54 (1 year) to 0.68 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

EPS JCI : $4.91 CARR : $1.55
PE Ratio JCI : 29.34 CARR : 43.59
PEG Ratio JCI : 7.44 CARR : 0.64
PS Ratio JCI : 5.55 CARR : 2.63
Total Revenue (TTM) JCI : $12.49B CARR : $21.87B
Gross Profit (TTM) JCI : $8.93B CARR : $5.43B
EBITDA (TTM) JCI : $3.12B CARR : $3.15B

Return for Risk

JCI vs. CARR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JCI

JCI Risk / Return Rank: 82
JCI Sharpe Ratio Rank: 82
JCI Sortino Ratio Rank: 78
JCI Omega Ratio Rank: 79
JCI Calmar Ratio Rank: 85
JCI Martin Ratio Rank: 86

CARR

CARR Risk / Return Rank: 37
CARR Sharpe Ratio Rank: 38
CARR Sortino Ratio Rank: 33
CARR Omega Ratio Rank: 33
CARR Calmar Ratio Rank: 39
CARR Martin Ratio Rank: 40

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JCI vs. CARR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Johnson Controls International plc (JCI) and Carrier Global Corporation (CARR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	JCI	CARR	Difference
Sharpe ratio: Return per unit of total volatility	1.50	-0.10	+1.61
Sortino ratio: Return per unit of downside risk	2.10	0.10	+2.01
Omega ratio: Gain probability vs. loss probability	1.28	1.01	+0.27
Calmar ratio: Return relative to maximum drawdown	3.22	-0.09	+3.31
Martin ratio: Return relative to average drawdown	8.89	-0.15	+9.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JCI vs. CARR - Sharpe Ratio Comparison

The current JCI Sharpe Ratio is 1.50, which is higher than the CARR Sharpe Ratio of -0.10. The chart below compares the historical Sharpe Ratios of JCI and CARR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JCI	CARR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.50	-0.10	+1.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	0.30	+0.38
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.53	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.80	-0.42

Drawdowns

JCI vs. CARR - Drawdown Comparison

The maximum JCI drawdown since its inception was -86.83%, which is greater than CARR's maximum drawdown of -40.82%. Use the drawdown chart below to compare losses from any high point for JCI and CARR.

Drawdown Indicators

	JCI	CARR	Difference
Max Drawdown Largest peak-to-trough decline	-86.83%	-40.82%	-46.01%
Max Drawdown (1Y) Largest decline over 1 year	-12.71%	-37.38%	+24.67%
Max Drawdown (3Y) Largest decline over 3 years	-30.85%	-37.91%	+7.06%
Max Drawdown (5Y) Largest decline over 5 years	-42.32%	-40.82%	-1.50%
Max Drawdown (10Y) Largest decline over 10 years	-47.14%	—	—
Current Drawdown Current decline from peak	-2.27%	-16.31%	+14.04%
Average Drawdown Average peak-to-trough decline	-21.71%	-14.22%	-7.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.59%	24.04%	-19.45%

Volatility

JCI vs. CARR - Volatility Comparison

Johnson Controls International plc (JCI) has a higher volatility of 10.20% compared to Carrier Global Corporation (CARR) at 9.42%. This indicates that JCI's price experiences larger fluctuations and is considered to be riskier than CARR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JCI	CARR	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.20%	9.42%	+0.78%
Volatility (6M) Calculated over the trailing 6-month period	21.47%	26.73%	-5.26%
Volatility (1Y) Calculated over the trailing 1-year period	27.27%	34.51%	-7.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.30%	31.73%	-3.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.98%	33.49%	-5.51%

Dividends

JCI vs. CARR - Dividend Comparison

JCI's dividend yield for the trailing twelve months is around 1.09%, less than CARR's 1.71% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CARR Carrier Global Corporation	1.71%	1.70%	1.16%	1.30%	1.54%	0.94%	0.74%	0.00%	0.00%	0.00%	0.00%	0.00%
JCI Johnson Controls International plc	1.09%	1.29%	1.88%	2.55%	2.19%	1.41%	2.23%	2.55%	3.51%	2.65%	4.23%	5.85%

Financials

JCI vs. CARR - Profitability Comparison

The chart below illustrates the profitability comparison between Johnson Controls International plc and Carrier Global Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

JCI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Johnson Controls International plc reported a gross profit of 2.26B and revenue of -5.80B. Therefore, the gross margin over that period was -39.0%.

CARR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Carrier Global Corporation reported a gross profit of 1.24B and revenue of 5.34B. Therefore, the gross margin over that period was 23.3%.

JCI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Johnson Controls International plc reported an operating income of 612.00M and revenue of -5.80B, resulting in an operating margin of -10.6%.

CARR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Carrier Global Corporation reported an operating income of 259.00M and revenue of 5.34B, resulting in an operating margin of 4.9%.

JCI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Johnson Controls International plc reported a net income of -556.00M and revenue of -5.80B, resulting in a net margin of 9.6%.

CARR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Carrier Global Corporation reported a net income of 238.00M and revenue of 5.34B, resulting in a net margin of 4.5%.

Frequently Asked Questions

Can I hold both JCI and CARR in my portfolio?

JCI and CARR have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JCI or CARR?

JCI has higher volatility (10.20%) compared to CARR (9.42%). In terms of maximum drawdown, JCI dropped -86.83% vs CARR's -40.82%.

Which has better risk-adjusted returns?

JCI currently has the higher Sharpe Ratio (1.50 vs -0.10), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.