BX vs JEF: Correlation
Measured on weekly returns over the past three years, Blackstone Inc. (BX) and Jefferies Financial Group Inc. (JEF) carry a correlation of 0.65, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BX and JEF?
On 3 years of weekly data the BX/JEF correlation comes out at 0.65, strong. Little has changed lately, as the 1-year reading of 0.61 lands near the 3-year figure. The 5-year figure is 0.63, and annualized covariance runs at 865.5 %².
Within BX's tracked universe of 35 assets, JEF comes in at #12 by 3-year correlation. Neither side won the trailing year by much: -12.9% against -15.9%.
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.
BX vs JEF: side by side
| BX (Blackstone Inc.) | JEF (Jefferies Financial Group Inc.) | |
|---|---|---|
| 1-year return | -12.9% | -15.9% |
| 5-year return | +37.5% | +73.8% |
| Volatility (ann.) | 34.0% | 39.3% |
| Beta vs S&P 500 | 1.36 | 1.57 |
| Max drawdown (3Y) | -46.5% | -54.4% |
| Market cap | $171.7B | $10.7B |
| P/E (trailing) | 32.1 | 14.8 |
| Dividend yield | 3.65% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | BX | JEF |
|---|---|---|
| 2022 | -40.0% | -8.5% |
| 2023 | +82.7% | +27.7% |
| 2024 | +35.1% | +98.8% |
| 2025 | -7.8% | -18.8% |
| 2026 | -3.9% | -12.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BX and JEF good diversifiers for each other?
To a limited degree. At 0.65 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 BX and JEF?
The BX/JEF correlation stands at 0.65 on a 3-year window (1 year: 0.61, 5 years: 0.63), computed from weekly returns as of 2026-08-27.
Is JEF a good diversifier for BX?
To a limited degree. At 0.65 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 0.65 mean?
A reading of 0.65 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/bx-vs-jef.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bx-vs-jef/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BX correlations · JEF correlations
