JXG vs STZ: Correlation
How closely do JX Luxventure Group Inc. (JXG) and Constellation Brands (STZ) trade together? Their weekly returns over three years give a correlation of -0.31, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JXG and STZ?
Across a 3-year window, the weekly returns of JXG and STZ correlate at -0.31, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.07 versus -0.31 over 3 years. Stretching to 5 years gives -0.21, with an annualized covariance of -1366.7 %².
STZ is close to the least connected end of JXG's tracked universe, ranking #18 of 20. Their recent paths diverged sharply: over the last 12 months STZ outperformed by 26.1 percentage points (-41.8% for JXG against -15.7% for STZ). Risk is not evenly split, since JXG carries 6.3 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 STZ: side by side
| JXG (JX Luxventure Group Inc.) | STZ (Constellation Brands) | |
|---|---|---|
| 1-year return | -41.8% | -15.7% |
| 5-year return | -98.5% | -31.9% |
| Volatility (ann.) | 167.5% | 26.6% |
| Beta vs S&P 500 | -0.19 | 0.41 |
| Max drawdown (3Y) | -94.0% | -51.3% |
| Market cap | $0.1B | $22.4B |
| P/E (trailing) | – | 12.8 |
| Dividend yield | 0.00% | 3.04% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | JXG | STZ |
|---|---|---|
| 2022 | -63.7% | -6.4% |
| 2023 | -83.8% | +5.8% |
| 2024 | -19.5% | -7.1% |
| 2025 | -62.6% | -36.0% |
| 2026 | +48.5% | -2.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JXG and STZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.31 means the two rarely move for the same reasons.
FAQ
What is the correlation between JXG and STZ?
Using weekly returns as of 2026-08-27: -0.31 over 3 years, with -0.07 over the last year and -0.21 over 5 years.
Is STZ a good diversifier for JXG?
By historical standards, yes. A correlation of -0.31 means the two rarely move for the same reasons.
What does a correlation of -0.31 mean?
A reading of -0.31 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-stz.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/jxg-vs-stz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: JXG correlations · STZ correlations
