BX vs JXG: Correlation
Measured on weekly returns over the past three years, Blackstone Inc. (BX) and JX Luxventure Group Inc. (JXG) carry a correlation of -0.14, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BX and JXG?
On 3 years of weekly data the BX/JXG correlation comes out at -0.14, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.05) sits close to the 3-year figure. The 5-year figure is -0.05, and annualized covariance runs at -801.8 %².
Within BX's tracked universe of 35 assets, JXG comes in at #27 by 3-year correlation. The last year tells two different stories: BX led by 28.9 percentage points, -12.9% for BX against -41.8% for JXG. One caveat on sizing: JXG is 4.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 JXG: side by side
| BX (Blackstone Inc.) | JXG (JX Luxventure Group Inc.) | |
|---|---|---|
| 1-year return | -12.9% | -41.8% |
| 5-year return | +37.5% | -98.5% |
| Volatility (ann.) | 34.0% | 167.5% |
| Beta vs S&P 500 | 1.36 | -0.19 |
| Max drawdown (3Y) | -46.5% | -94.0% |
| Market cap | $171.7B | $0.1B |
| P/E (trailing) | 32.1 | – |
| Dividend yield | 3.65% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | BX | JXG |
|---|---|---|
| 2022 | -40.0% | -63.7% |
| 2023 | +82.7% | -83.8% |
| 2024 | +35.1% | -19.5% |
| 2025 | -7.8% | -62.6% |
| 2026 | -3.9% | +48.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BX and JXG good diversifiers for each other?
Yes. With a correlation of -0.14, BX and JXG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BX and JXG?
Using weekly returns as of 2026-08-27: -0.14 over 3 years, with -0.05 over the last year and -0.05 over 5 years.
Is JXG a good diversifier for BX?
Yes. With a correlation of -0.14, BX and JXG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.14 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/bx-vs-jxg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bx-vs-jxg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BX correlations · JXG correlations
