JXN vs NU: Correlation
Jackson Financial Inc. (JXN) and Nu Holdings Ltd. Class A (NU) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JXN and NU?
On 3 years of weekly data the JXN/NU correlation comes out at 0.51, moderate. The past 12 months show a weaker link (0.25) than the 3-year average (0.51). The 5-year figure is 0.37, and annualized covariance runs at 691.8 %².
By 3-year correlation, NU places #9 of the 15 assets tracked against JXN. The last year tells two different stories: JXN led by 39.4 percentage points, +41.0% for JXN against +1.6% for NU.
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.
JXN vs NU: side by side
| JXN (Jackson Financial Inc.) | NU (Nu Holdings Ltd. Class A) | |
|---|---|---|
| 1-year return | +41.0% | +1.6% |
| 5-year return | +434.8% | +44.0% |
| Volatility (ann.) | 34.5% | 39.4% |
| Beta vs S&P 500 | 1.32 | 1.26 |
| Max drawdown (3Y) | -37.1% | -39.6% |
| Market cap | $9.0B | $71.9B |
| P/E (trailing) | 146.7 | 20.7 |
| Dividend yield | 2.54% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JXN | NU |
|---|---|---|
| 2022 | -11.5% | -56.6% |
| 2023 | +57.2% | +104.7% |
| 2024 | +76.5% | +24.4% |
| 2025 | +26.9% | +61.6% |
| 2026 | +27.3% | -11.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JXN and NU good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between JXN and NU?
As of 2026-08-27, the correlation of weekly returns between JXN and NU is 0.51 over 3 years, 0.25 over 1 year and 0.37 over 5 years.
Is NU a good diversifier for JXN?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/jxn-vs-nu.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/jxn-vs-nu/)
The core API is free. Terms and every endpoint in the API documentation.
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Hubs: JXN correlations · NU correlations
