JXG vs PCG: Correlation
Measured on weekly returns over the past three years, JX Luxventure Group Inc. (JXG) and PG&E Corporation (PCG) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JXG and PCG?
On 3 years of weekly data the JXG/PCG correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.12 versus -0.23 over 3 years. The 5-year figure is -0.10, and annualized covariance runs at -970.0 %².
Within JXG's tracked universe of 20 assets, PCG comes in at #14 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months PCG outperformed by 62.1 percentage points (-41.8% for JXG against +20.3% for PCG). Risk is not evenly split, since JXG carries 6.8 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.
JXG vs PCG: side by side
| JXG (JX Luxventure Group Inc.) | PCG (PG&E Corporation) | |
|---|---|---|
| 1-year return | -41.8% | +20.3% |
| 5-year return | -98.5% | +102.7% |
| Volatility (ann.) | 167.5% | 24.7% |
| Beta vs S&P 500 | -0.19 | 0.24 |
| Max drawdown (3Y) | -94.0% | -39.6% |
| Market cap | $0.1B | $39.5B |
| P/E (trailing) | – | 12.9 |
| Dividend yield | 0.00% | 0.96% |
| Sector / category | US Listed | Utilities |
Year-by-year returns
| Year | JXG | PCG |
|---|---|---|
| 2022 | -63.7% | +33.9% |
| 2023 | -83.8% | +10.9% |
| 2024 | -19.5% | +12.3% |
| 2025 | -62.6% | -19.7% |
| 2026 | +48.5% | +12.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JXG and PCG good diversifiers for each other?
Yes. With a correlation of -0.23, JXG and PCG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between JXG and PCG?
The JXG/PCG correlation stands at -0.23 on a 3-year window (1 year: 0.12, 5 years: -0.10), computed from weekly returns as of 2026-08-27.
Is PCG a good diversifier for JXG?
Yes. With a correlation of -0.23, JXG and PCG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
A reading of -0.23 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/jxg-vs-pcg.json
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Related comparisons
Hubs: JXG correlations · PCG correlations
