JXG vs LENZ: Correlation
How closely do JX Luxventure Group Inc. (JXG) and LENZ Therapeutics, Inc. (LENZ) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JXG and LENZ?
On 3 years of weekly data the JXG/LENZ correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.37) than the 3-year average (-0.23). The 5-year figure is -0.20, and annualized covariance runs at -3028.1 %².
Among the 20 assets we track against JXG, LENZ ranks #13 by 3-year correlation. Correlation aside, the last 12 months split them widely, with JXG ahead by 45.3 points (-41.8% versus -87.1%). Note the risk asymmetry: JXG runs 2.1 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.
JXG vs LENZ: side by side
| JXG (JX Luxventure Group Inc.) | LENZ (LENZ Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -41.8% | -87.1% |
| 5-year return | -98.5% | -92.9% |
| Volatility (ann.) | 167.5% | 78.6% |
| Beta vs S&P 500 | -0.19 | 1.26 |
| Max drawdown (3Y) | -94.0% | -90.6% |
| Market cap | $0.1B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JXG | LENZ |
|---|---|---|
| 2022 | -63.7% | -73.3% |
| 2023 | -83.8% | -21.1% |
| 2024 | -19.5% | +230.7% |
| 2025 | -62.6% | -44.6% |
| 2026 | +48.5% | -69.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JXG and LENZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between JXG and LENZ?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.37 over the last year and -0.20 over 5 years.
Is LENZ a good diversifier for JXG?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 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.
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Related comparisons
Hubs: JXG correlations · LENZ correlations
