JL vs VOYA: Correlation
J-Long Group Limited - Class A (JL) and Voya Financial, Inc. (VOYA) show a negative relationship: their 3-year correlation of weekly returns is -0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JL and VOYA?
Over the past 3 years, JL and VOYA moved with a correlation of -0.33, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.05) than the 3-year average (-0.33). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -5023.6 %².
Among the 58 assets we track against JL, VOYA sits near the bottom by co-movement, at rank #55. The last year tells two different stories: VOYA led by 53.1 percentage points, -16.4% for JL against +36.7% for VOYA. Note the risk asymmetry: JL runs 23.1 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.
JL vs VOYA: side by side
| JL (J-Long Group Limited - Class A) | VOYA (Voya Financial, Inc.) | |
|---|---|---|
| 1-year return | -16.4% | +36.7% |
| 5-year return | n/a | +72.0% |
| Volatility (ann.) | 580.0% | 25.1% |
| Beta vs S&P 500 | -1.02 | 0.90 |
| Max drawdown (3Y) | -98.6% | -34.6% |
| Market cap | – | $9.2B |
| P/E (trailing) | 6.5 | 17.1 |
| Dividend yield | 0.00% | 1.83% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JL | VOYA |
|---|---|---|
| 2022 | – | -6.1% |
| 2023 | – | +20.7% |
| 2024 | – | -3.4% |
| 2025 | +67.1% | +11.1% |
| 2026 | -20.1% | +38.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JL and VOYA good diversifiers for each other?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
FAQ
What is the correlation between JL and VOYA?
Using weekly returns as of 2026-08-27: -0.33 over 3 years, with -0.05 over the last year and n/a over 5 years.
Is VOYA a good diversifier for JL?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
What does a correlation of -0.33 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/jl-vs-voya.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/jl-vs-voya/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JL correlations · VOYA correlations
