JXG vs KHC: Correlation
How closely do JX Luxventure Group Inc. (JXG) and Kraft Heinz (KHC) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JXG and KHC?
Over the past 3 years, JXG and KHC moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.09) than the 3-year average (-0.21). Over 5 years the correlation is -0.06, and the annualized covariance of weekly returns is -752.3 %².
Among the 20 assets we track against JXG, KHC ranks #12 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months KHC outperformed by 37.9 percentage points (-41.8% for JXG against -3.9% for KHC). Note the risk asymmetry: JXG runs 7.7 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.
JXG vs KHC: side by side
| JXG (JX Luxventure Group Inc.) | KHC (Kraft Heinz) | |
|---|---|---|
| 1-year return | -41.8% | -3.9% |
| 5-year return | -98.5% | -10.9% |
| Volatility (ann.) | 167.5% | 21.7% |
| Beta vs S&P 500 | -0.19 | 0.12 |
| Max drawdown (3Y) | -94.0% | -38.7% |
| Market cap | $0.1B | $29.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 6.45% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | JXG | KHC |
|---|---|---|
| 2022 | -63.7% | +18.2% |
| 2023 | -83.8% | -5.0% |
| 2024 | -19.5% | -13.0% |
| 2025 | -62.6% | -16.3% |
| 2026 | +48.5% | +7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JXG and KHC good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between JXG and KHC?
The JXG/KHC correlation stands at -0.21 on a 3-year window (1 year: -0.09, 5 years: -0.06), computed from weekly returns as of 2026-08-27.
Is KHC a good diversifier for JXG?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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.
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Related comparisons
Hubs: JXG correlations · KHC correlations
