BOTJ vs JXG: Correlation
How closely do Bank of the James Financial Group, Inc. (BOTJ) and JX Luxventure Group Inc. (JXG) trade together? Their weekly returns over three years give a correlation of -0.39, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BOTJ and JXG?
Across a 3-year window, the weekly returns of BOTJ and JXG correlate at -0.39, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.33 lands near the 3-year figure. Stretching to 5 years gives -0.27, with an annualized covariance of -1667.4 %².
Among the 16 assets we track against BOTJ, JXG sits near the bottom by co-movement, at rank #16. Their recent paths diverged sharply: over the last 12 months BOTJ outperformed by 120.3 percentage points (+78.5% for BOTJ against -41.8% for JXG). Note the risk asymmetry: JXG runs 6.6 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.
BOTJ vs JXG: side by side
| BOTJ (Bank of the James Financial Group, Inc.) | JXG (JX Luxventure Group Inc.) | |
|---|---|---|
| 1-year return | +78.5% | -41.8% |
| 5-year return | +119.5% | -98.5% |
| Volatility (ann.) | 25.5% | 167.5% |
| Beta vs S&P 500 | 0.22 | -0.19 |
| Max drawdown (3Y) | -27.8% | -94.0% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | 10.6 | – |
| Dividend yield | 1.50% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BOTJ | JXG |
|---|---|---|
| 2022 | -21.2% | -63.7% |
| 2023 | +5.8% | -83.8% |
| 2024 | +34.1% | -19.5% |
| 2025 | +20.3% | -62.6% |
| 2026 | +46.4% | +48.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BOTJ and JXG good diversifiers for each other?
Yes. With a correlation of -0.39, BOTJ and JXG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BOTJ and JXG?
Using weekly returns as of 2026-08-27: -0.39 over 3 years, with -0.33 over the last year and -0.27 over 5 years.
Is JXG a good diversifier for BOTJ?
Yes. With a correlation of -0.39, BOTJ and JXG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.39 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/botj-vs-jxg.json
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[](https://www.pairbook.io/pair/botj-vs-jxg/)
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Related comparisons
Hubs: BOTJ correlations · JXG correlations
