JAGX vs UPXI: Correlation
How closely do Jaguar Health, Inc. (JAGX) and Upexi, Inc. (UPXI) trade together? Their weekly returns over three years give a correlation of 0.35, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JAGX and UPXI?
Across a 3-year window, the weekly returns of JAGX and UPXI correlate at 0.35, moderate. The link has loosened recently: the 1-year correlation (0.04) runs below the 3-year figure (0.35). Stretching to 5 years gives 0.31, with an annualized covariance of 20497.0 %².
UPXI is one of the assets that tracks JAGX most closely: it ranks #2 out of the 10 assets we track against JAGX. The trailing year gives UPXI the advantage: -98.6% versus -85.9%, a 12.7-point spread. Note the risk asymmetry: UPXI runs 2.3 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.
JAGX vs UPXI: side by side
| JAGX (Jaguar Health, Inc.) | UPXI (Upexi, Inc.) | |
|---|---|---|
| 1-year return | -98.6% | -85.9% |
| 5-year return | -100.0% | -98.9% |
| Volatility (ann.) | 159.2% | 364.4% |
| Beta vs S&P 500 | 1.63 | 5.11 |
| Max drawdown (3Y) | -100.0% | -98.5% |
| Market cap | – | $0.1B |
| P/E (trailing) | 0.0 | 2.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JAGX | UPXI |
|---|---|---|
| 2022 | -91.6% | -25.4% |
| 2023 | -97.7% | -61.3% |
| 2024 | -88.9% | -84.9% |
| 2025 | -96.3% | -52.1% |
| 2026 | -97.3% | -31.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JAGX and UPXI good diversifiers for each other?
Reasonably. At 0.35, JAGX and UPXI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between JAGX and UPXI?
As of 2026-08-27, the correlation of weekly returns between JAGX and UPXI is 0.35 over 3 years, 0.04 over 1 year and 0.31 over 5 years.
Is UPXI a good diversifier for JAGX?
Reasonably. At 0.35, JAGX and UPXI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
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/jagx-vs-upxi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/jagx-vs-upxi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: JAGX correlations · UPXI correlations
