JXG vs SRE: Correlation
How closely do JX Luxventure Group Inc. (JXG) and Sempra (SRE) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JXG and SRE?
Across a 3-year window, the weekly returns of JXG and SRE correlate at -0.24, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.15 lands near the 3-year figure. Stretching to 5 years gives -0.13, with an annualized covariance of -940.9 %².
Among the 20 assets we track against JXG, SRE sits near the bottom by co-movement, at rank #16. Correlation aside, the last 12 months split them widely, with SRE ahead by 47.8 points (-41.8% versus +6.0%). One caveat on sizing: JXG is 7.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 SRE: side by side
| JXG (JX Luxventure Group Inc.) | SRE (Sempra) | |
|---|---|---|
| 1-year return | -41.8% | +6.0% |
| 5-year return | -98.5% | +50.4% |
| Volatility (ann.) | 167.5% | 23.9% |
| Beta vs S&P 500 | -0.19 | 0.38 |
| Max drawdown (3Y) | -94.0% | -31.6% |
| Market cap | $0.1B | $55.4B |
| P/E (trailing) | – | 24.7 |
| Dividend yield | 0.00% | 3.06% |
| Sector / category | US Listed | Utilities |
Year-by-year returns
| Year | JXG | SRE |
|---|---|---|
| 2022 | -63.7% | +20.3% |
| 2023 | -83.8% | -0.1% |
| 2024 | -19.5% | +21.1% |
| 2025 | -62.6% | +3.9% |
| 2026 | +48.5% | -2.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JXG and SRE good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between JXG and SRE?
The JXG/SRE correlation stands at -0.24 on a 3-year window (1 year: -0.15, 5 years: -0.13), computed from weekly returns as of 2026-08-27.
Is SRE a good diversifier for JXG?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 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 · SRE correlations
