JL vs PFG: Correlation
J-Long Group Limited - Class A (JL) and Principal Financial Group (PFG) show a negative relationship: their 3-year correlation of weekly returns is -0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JL and PFG?
On 3 years of weekly data the JL/PFG correlation comes out at -0.18, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.07) runs above the 3-year figure (-0.18). The 5-year figure is n/a, and annualized covariance runs at -2420.7 %².
Among the 58 assets we track against JL, PFG ranks #24 by 3-year correlation. The last year tells two different stories: PFG led by 60.3 percentage points, -16.4% for JL against +43.9% for PFG. Risk is not evenly split, since JL carries 25.3 times the volatility of the other side.
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.
JL vs PFG: side by side
| JL (J-Long Group Limited - Class A) | PFG (Principal Financial Group) | |
|---|---|---|
| 1-year return | -16.4% | +43.9% |
| 5-year return | n/a | +99.7% |
| Volatility (ann.) | 580.0% | 22.9% |
| Beta vs S&P 500 | -1.02 | 0.88 |
| Max drawdown (3Y) | -98.6% | -22.4% |
| Market cap | – | $24.0B |
| P/E (trailing) | 6.5 | 16.0 |
| Dividend yield | 0.00% | 2.84% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | JL | PFG |
|---|---|---|
| 2022 | – | +20.1% |
| 2023 | – | -2.8% |
| 2024 | – | +1.9% |
| 2025 | +67.1% | +18.4% |
| 2026 | -20.1% | +29.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JL and PFG good diversifiers for each other?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between JL and PFG?
As of 2026-08-27, the correlation of weekly returns between JL and PFG is -0.18 over 3 years, -0.07 over 1 year and n/a over 5 years.
Is PFG a good diversifier for JL?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.18 mean?
A reading of -0.18 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/jl-vs-pfg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jl-vs-pfg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: JL correlations · PFG correlations
