APOG vs JXG: Correlation
How closely do Apogee Enterprises, Inc. (APOG) and JX Luxventure Group Inc. (JXG) trade together? Their weekly returns over three years give a correlation of -0.33, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APOG and JXG?
Over the past 3 years, APOG and JXG moved with a correlation of -0.33, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.01) than the 3-year average (-0.33). Over 5 years the correlation is -0.22, and the annualized covariance of weekly returns is -2257.2 %².
Out of 15 assets tracked against APOG, JXG lands near the bottom at #12. Correlation aside, the last 12 months split them widely, with APOG ahead by 36.1 points (-5.7% versus -41.8%). Note the risk asymmetry: JXG runs 4.0 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.
APOG vs JXG: side by side
| APOG (Apogee Enterprises, Inc.) | JXG (JX Luxventure Group Inc.) | |
|---|---|---|
| 1-year return | -5.7% | -41.8% |
| 5-year return | +5.1% | -98.5% |
| Volatility (ann.) | 41.4% | 167.5% |
| Beta vs S&P 500 | 0.88 | -0.19 |
| Max drawdown (3Y) | -62.5% | -94.0% |
| Market cap | $0.8B | $0.1B |
| P/E (trailing) | 12.7 | – |
| Dividend yield | 2.59% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | APOG | JXG |
|---|---|---|
| 2022 | -5.7% | -63.7% |
| 2023 | +22.8% | -83.8% |
| 2024 | +35.8% | -19.5% |
| 2025 | -47.8% | -62.6% |
| 2026 | +14.0% | +48.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APOG and JXG good diversifiers for each other?
Yes. With a correlation of -0.33, APOG and JXG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between APOG and JXG?
The APOG/JXG correlation stands at -0.33 on a 3-year window (1 year: 0.01, 5 years: -0.22), computed from weekly returns as of 2026-08-27.
Is JXG a good diversifier for APOG?
Yes. With a correlation of -0.33, APOG and JXG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.33 mean?
On the −1 to +1 scale, -0.33 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
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Related comparisons
Hubs: APOG correlations · JXG correlations
