EIX vs JXG: Correlation
How closely do Edison International (EIX) and JX Luxventure Group Inc. (JXG) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EIX and JXG?
On 3 years of weekly data the EIX/JXG correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.03 versus -0.27 over 3 years. The 5-year figure is -0.14, and annualized covariance runs at -1183.3 %².
Out of 30 assets tracked against EIX, JXG lands near the bottom at #26. The last year tells two different stories: EIX led by 82.2 percentage points, +40.4% for EIX against -41.8% for JXG. Note the risk asymmetry: JXG runs 6.4 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.
EIX vs JXG: side by side
| EIX (Edison International) | JXG (JX Luxventure Group Inc.) | |
|---|---|---|
| 1-year return | +40.4% | -41.8% |
| 5-year return | +62.2% | -98.5% |
| Volatility (ann.) | 26.0% | 167.5% |
| Beta vs S&P 500 | 0.24 | -0.19 |
| Max drawdown (3Y) | -43.9% | -94.0% |
| Market cap | $28.4B | $0.1B |
| P/E (trailing) | 7.7 | – |
| Dividend yield | 4.64% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | EIX | JXG |
|---|---|---|
| 2022 | -2.6% | -63.7% |
| 2023 | +17.4% | -83.8% |
| 2024 | +15.2% | -19.5% |
| 2025 | -20.4% | -62.6% |
| 2026 | +27.6% | +48.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EIX and JXG good diversifiers for each other?
Yes. With a correlation of -0.27, EIX and JXG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between EIX and JXG?
The EIX/JXG correlation stands at -0.27 on a 3-year window (1 year: -0.03, 5 years: -0.14), computed from weekly returns as of 2026-08-27.
Is JXG a good diversifier for EIX?
Yes. With a correlation of -0.27, EIX and JXG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 mean?
A reading of -0.27 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/eix-vs-jxg.json
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[](https://www.pairbook.io/pair/eix-vs-jxg/)
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Related comparisons
Hubs: EIX correlations · JXG correlations
