FUBO vs JXG: Correlation
How closely do FuboTV Inc. (FUBO) and JX Luxventure Group Inc. (JXG) trade together? Their weekly returns over three years give a correlation of 0.70, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FUBO and JXG?
On 3 years of weekly data the FUBO/JXG correlation comes out at 0.70, strong. Lately the two have drifted apart, with the 1-year correlation at 0.01 versus 0.70 over 3 years. The 5-year figure is 0.56, and annualized covariance runs at 19311.7 %².
JXG is one of the assets that tracks FUBO most closely: it ranks #3 out of the 28 assets we track against FUBO. The last year tells two different stories: JXG led by 33.5 percentage points, -75.3% for FUBO against -41.8% for JXG.
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.
FUBO vs JXG: side by side
| FUBO (FuboTV Inc.) | JXG (JX Luxventure Group Inc.) | |
|---|---|---|
| 1-year return | -75.3% | -41.8% |
| 5-year return | -96.9% | -98.5% |
| Volatility (ann.) | 164.3% | 167.5% |
| Beta vs S&P 500 | 0.34 | -0.19 |
| Max drawdown (3Y) | -87.7% | -94.0% |
| Market cap | $0.3B | $0.1B |
| P/E (trailing) | 2.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FUBO | JXG |
|---|---|---|
| 2022 | -88.8% | -63.7% |
| 2023 | +82.8% | -83.8% |
| 2024 | -60.4% | -19.5% |
| 2025 | +100.0% | -62.6% |
| 2026 | -66.6% | +48.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FUBO and JXG good diversifiers for each other?
Only partially. A correlation of 0.70 means FUBO and JXG 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 FUBO and JXG?
Using weekly returns as of 2026-08-27: 0.70 over 3 years, with 0.01 over the last year and 0.56 over 5 years.
Is JXG a good diversifier for FUBO?
Only partially. A correlation of 0.70 means FUBO and JXG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.70 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/fubo-vs-jxg.json
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[](https://www.pairbook.io/pair/fubo-vs-jxg/)
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Related comparisons
Hubs: FUBO correlations · JXG correlations
