JXN vs QQQ: Correlation
Jackson Financial Inc. (JXN) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JXN and QQQ?
On 3 years of weekly data the JXN/QQQ correlation comes out at 0.44, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.30 versus 0.44 over 3 years. The 5-year figure is 0.43, and annualized covariance runs at 298.0 %².
Among the 15 assets we track against JXN, QQQ sits near the bottom by co-movement, at rank #11. On 12-month performance JXN holds a 14.7-point edge, +41.0% against +26.3%. One caveat on sizing: JXN is 1.8 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.
JXN vs QQQ: side by side
| JXN (Jackson Financial Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +41.0% | +26.3% |
| 5-year return | +434.8% | +95.4% |
| Volatility (ann.) | 34.5% | 19.6% |
| Beta vs S&P 500 | 1.32 | 1.28 |
| Max drawdown (3Y) | -37.1% | -22.8% |
| Market cap | $9.0B | – |
| P/E (trailing) | 146.7 | – |
| Dividend yield | 2.54% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | US Listed | ETF · US Growth & Tech |
QQQ is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | JXN | QQQ |
|---|---|---|
| 2022 | -11.5% | -32.6% |
| 2023 | +57.2% | +54.9% |
| 2024 | +76.5% | +25.6% |
| 2025 | +26.9% | +20.8% |
| 2026 | +27.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JXN and QQQ good diversifiers for each other?
Reasonably. At 0.44, JXN and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between JXN and QQQ?
The JXN/QQQ correlation stands at 0.44 on a 3-year window (1 year: 0.30, 5 years: 0.43), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for JXN?
Reasonably. At 0.44, JXN and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 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: JXN correlations · QQQ correlations
