EQH vs JXN: Correlation
How closely do Equitable Holdings, Inc. (EQH) and Jackson Financial Inc. (JXN) trade together? Their weekly returns over three years give a correlation of 0.71, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EQH and JXN?
On 3 years of weekly data the EQH/JXN correlation comes out at 0.71, strong. The relationship has been stable: the 1-year correlation (0.68) sits close to the 3-year figure. The 5-year figure is 0.67, and annualized covariance runs at 667.6 %².
By 3-year correlation, JXN places #4 of the 20 assets tracked against EQH. Their recent paths diverged sharply: over the last 12 months JXN outperformed by 45.2 percentage points (-4.2% for EQH against +41.0% for JXN).
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.
EQH vs JXN: side by side
| EQH (Equitable Holdings, Inc.) | JXN (Jackson Financial Inc.) | |
|---|---|---|
| 1-year return | -4.2% | +41.0% |
| 5-year return | +83.5% | +434.8% |
| Volatility (ann.) | 27.3% | 34.5% |
| Beta vs S&P 500 | 1.19 | 1.32 |
| Max drawdown (3Y) | -35.8% | -37.1% |
| Market cap | $13.7B | $9.0B |
| P/E (trailing) | – | 146.7 |
| Dividend yield | 2.29% | 2.54% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EQH | JXN |
|---|---|---|
| 2022 | -10.2% | -11.5% |
| 2023 | +19.6% | +57.2% |
| 2024 | +45.0% | +76.5% |
| 2025 | +3.2% | +26.9% |
| 2026 | +7.4% | +27.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EQH and JXN good diversifiers for each other?
To a limited degree. At 0.71 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 EQH and JXN?
Using weekly returns as of 2026-08-27: 0.71 over 3 years, with 0.68 over the last year and 0.67 over 5 years.
Is JXN a good diversifier for EQH?
To a limited degree. At 0.71 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 0.71 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/eqh-vs-jxn.json
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Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EQH correlations · JXN correlations
