FG vs JXN: Correlation
Measured on weekly returns over the past three years, F&G Annuities & Life, Inc. (FG) and Jackson Financial Inc. (JXN) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FG and JXN?
Across a 3-year window, the weekly returns of FG and JXN correlate at 0.53, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.41 versus 0.53 over 3 years. Stretching to 5 years gives 0.45, with an annualized covariance of 774.0 %².
Few assets follow FG as closely as JXN, which ranks #2 of 13 tracked partners. Their recent paths diverged sharply: over the last 12 months JXN outperformed by 70.7 percentage points (-29.7% for FG 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.
FG vs JXN: side by side
| FG (F&G Annuities & Life, Inc.) | JXN (Jackson Financial Inc.) | |
|---|---|---|
| 1-year return | -29.7% | +41.0% |
| 5-year return | n/a | +434.8% |
| Volatility (ann.) | 42.0% | 34.5% |
| Beta vs S&P 500 | 1.02 | 1.32 |
| Max drawdown (3Y) | -56.2% | -37.1% |
| Market cap | $3.1B | $9.0B |
| P/E (trailing) | 7.7 | 146.7 |
| Dividend yield | 4.27% | 2.54% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FG | JXN |
|---|---|---|
| 2022 | – | -11.5% |
| 2023 | +137.1% | +57.2% |
| 2024 | -8.0% | +76.5% |
| 2025 | -23.6% | +26.9% |
| 2026 | -22.0% | +27.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FG and JXN good diversifiers for each other?
Only partially. A correlation of 0.53 means FG and JXN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between FG and JXN?
The FG/JXN correlation stands at 0.53 on a 3-year window (1 year: 0.41, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is JXN a good diversifier for FG?
Only partially. A correlation of 0.53 means FG and JXN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 mean?
On the −1 to +1 scale, 0.53 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fg-vs-jxn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fg-vs-jxn/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FG correlations · JXN correlations
