FPI vs JAGX: Correlation
Measured on weekly returns over the past three years, Farmland Partners Inc. (FPI) and Jaguar Health, Inc. (JAGX) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FPI and JAGX?
Across a 3-year window, the weekly returns of FPI and JAGX correlate at 0.35, moderate. Recent behaviour matches the longer record: 0.39 over 1 year against 0.35 over 3. Stretching to 5 years gives 0.24, with an annualized covariance of 1303.5 %².
Among the 11 assets we track against FPI, JAGX ranks #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with FPI ahead by 96.0 points (-2.6% versus -98.6%). One caveat on sizing: JAGX is 6.7 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.
FPI vs JAGX: side by side
| FPI (Farmland Partners Inc.) | JAGX (Jaguar Health, Inc.) | |
|---|---|---|
| 1-year return | -2.6% | -98.6% |
| 5-year return | +8.2% | -100.0% |
| Volatility (ann.) | 23.7% | 159.2% |
| Beta vs S&P 500 | 0.53 | 1.63 |
| Max drawdown (3Y) | -27.0% | -100.0% |
| Market cap | $0.5B | – |
| P/E (trailing) | 20.1 | 0.0 |
| Dividend yield | 2.90% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FPI | JAGX |
|---|---|---|
| 2022 | +6.1% | -91.6% |
| 2023 | +4.0% | -97.7% |
| 2024 | +5.7% | -88.9% |
| 2025 | -14.1% | -96.3% |
| 2026 | +8.3% | -97.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FPI and JAGX good diversifiers for each other?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FPI and JAGX?
As of 2026-08-27, the correlation of weekly returns between FPI and JAGX is 0.35 over 3 years, 0.39 over 1 year and 0.24 over 5 years.
Is JAGX a good diversifier for FPI?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 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/fpi-vs-jagx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fpi-vs-jagx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FPI correlations · JAGX correlations
