JXG vs SANA: Correlation
How closely do JX Luxventure Group Inc. (JXG) and Sana Biotechnology, Inc. (SANA) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JXG and SANA?
Over the past 3 years, JXG and SANA moved with a correlation of 0.49, which is moderate. The link has loosened recently: the 1-year correlation (0.21) runs below the 3-year figure (0.49). Over 5 years the correlation is 0.38, and the annualized covariance of weekly returns is 9397.4 %².
Among the 20 assets we track against JXG, SANA ranks #5 by 3-year correlation. The last year tells two different stories: SANA led by 63.2 percentage points, -41.8% for JXG against +21.4% for SANA.
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 SANA: side by side
| JXG (JX Luxventure Group Inc.) | SANA (Sana Biotechnology, Inc.) | |
|---|---|---|
| 1-year return | -41.8% | +21.4% |
| 5-year return | -98.5% | -82.9% |
| Volatility (ann.) | 167.5% | 115.0% |
| Beta vs S&P 500 | -0.19 | 1.88 |
| Max drawdown (3Y) | -94.0% | -88.1% |
| Market cap | $0.1B | $1.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JXG | SANA |
|---|---|---|
| 2022 | -63.7% | -74.5% |
| 2023 | -83.8% | +3.3% |
| 2024 | -19.5% | -60.0% |
| 2025 | -62.6% | +149.7% |
| 2026 | +48.5% | +0.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JXG and SANA good diversifiers for each other?
Reasonably. At 0.49, JXG and SANA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between JXG and SANA?
The JXG/SANA correlation stands at 0.49 on a 3-year window (1 year: 0.21, 5 years: 0.38), computed from weekly returns as of 2026-08-27.
Is SANA a good diversifier for JXG?
Reasonably. At 0.49, JXG and SANA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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 · SANA correlations
