DGX vs JAGX: Correlation
Measured on weekly returns over the past three years, Quest Diagnostics (DGX) and Jaguar Health, Inc. (JAGX) carry a correlation of 0.30, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DGX and JAGX?
Over the past 3 years, DGX and JAGX moved with a correlation of 0.30, which is moderate. The relationship has been stable: the 1-year correlation (0.36) sits close to the 3-year figure. Over 5 years the correlation is 0.21, and the annualized covariance of weekly returns is 917.7 %².
Within DGX's tracked universe of 32 assets, JAGX comes in at #20 by 3-year correlation. Correlation aside, the last 12 months split them widely, with DGX ahead by 137.1 points (+38.5% versus -98.6%). Risk is not evenly split, since JAGX carries 8.3 times the volatility of the other side.
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.
DGX vs JAGX: side by side
| DGX (Quest Diagnostics) | JAGX (Jaguar Health, Inc.) | |
|---|---|---|
| 1-year return | +38.5% | -98.6% |
| 5-year return | +78.8% | -100.0% |
| Volatility (ann.) | 19.1% | 159.2% |
| Beta vs S&P 500 | 0.09 | 1.63 |
| Max drawdown (3Y) | -12.4% | -100.0% |
| Market cap | $27.0B | – |
| P/E (trailing) | 26.0 | 0.0 |
| Dividend yield | 1.36% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | DGX | JAGX |
|---|---|---|
| 2022 | -7.8% | -91.6% |
| 2023 | -10.1% | -97.7% |
| 2024 | +11.8% | -88.9% |
| 2025 | +17.2% | -96.3% |
| 2026 | +42.8% | -97.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DGX and JAGX good diversifiers for each other?
Reasonably. At 0.30, DGX and JAGX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DGX and JAGX?
As of 2026-08-27, the correlation of weekly returns between DGX and JAGX is 0.30 over 3 years, 0.36 over 1 year and 0.21 over 5 years.
Is JAGX a good diversifier for DGX?
Reasonably. At 0.30, DGX and JAGX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.30 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.
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Related comparisons
Hubs: DGX correlations · JAGX correlations
