BAC vs JXN: Correlation
Measured on weekly returns over the past three years, Bank of America (BAC) and Jackson Financial Inc. (JXN) carry a correlation of 0.63, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BAC and JXN?
Across a 3-year window, the weekly returns of BAC and JXN correlate at 0.63, strong. The link has loosened recently: the 1-year correlation (0.48) runs below the 3-year figure (0.63). Stretching to 5 years gives 0.59, with an annualized covariance of 574.4 %².
By 3-year correlation, JXN places #25 of the 45 assets tracked against BAC. Correlation aside, the last 12 months split them widely, with JXN ahead by 16.9 points (+24.1% versus +41.0%).
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.
BAC vs JXN: side by side
| BAC (Bank of America) | JXN (Jackson Financial Inc.) | |
|---|---|---|
| 1-year return | +24.1% | +41.0% |
| 5-year return | +66.0% | +434.8% |
| Volatility (ann.) | 26.5% | 34.5% |
| Beta vs S&P 500 | 1.11 | 1.32 |
| Max drawdown (3Y) | -27.5% | -37.1% |
| Market cap | $427.7B | $9.0B |
| P/E (trailing) | 14.1 | 146.7 |
| Dividend yield | 1.80% | 2.54% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | BAC | JXN |
|---|---|---|
| 2022 | -23.8% | -11.5% |
| 2023 | +4.8% | +57.2% |
| 2024 | +33.9% | +76.5% |
| 2025 | +28.0% | +26.9% |
| 2026 | +12.4% | +27.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BAC and JXN good diversifiers for each other?
To a limited degree. At 0.63 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 BAC and JXN?
As of 2026-08-27, the correlation of weekly returns between BAC and JXN is 0.63 over 3 years, 0.48 over 1 year and 0.59 over 5 years.
Is JXN a good diversifier for BAC?
To a limited degree. At 0.63 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 0.63 mean?
A reading of 0.63 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bac-vs-jxn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bac-vs-jxn/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BAC correlations · JXN correlations
