JXN vs SUPN: Correlation
How closely do Jackson Financial Inc. (JXN) and Supernus Pharmaceuticals, Inc. (SUPN) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JXN and SUPN?
Across a 3-year window, the weekly returns of JXN and SUPN correlate at 0.43, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.32 versus 0.43 over 3 years. Stretching to 5 years gives 0.33, with an annualized covariance of 484.5 %².
Out of 15 assets tracked against JXN, SUPN lands near the bottom at #12. The last year tells two different stories: JXN led by 43.0 percentage points, +41.0% for JXN against -2.0% for SUPN.
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 SUPN: side by side
| JXN (Jackson Financial Inc.) | SUPN (Supernus Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | +41.0% | -2.0% |
| 5-year return | +434.8% | +67.3% |
| Volatility (ann.) | 34.5% | 32.5% |
| Beta vs S&P 500 | 1.32 | 0.69 |
| Max drawdown (3Y) | -37.1% | -30.1% |
| Market cap | $9.0B | $2.6B |
| P/E (trailing) | 146.7 | – |
| Dividend yield | 2.54% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JXN | SUPN |
|---|---|---|
| 2022 | -11.5% | +22.3% |
| 2023 | +57.2% | -18.9% |
| 2024 | +76.5% | +24.9% |
| 2025 | +26.9% | +37.4% |
| 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 SUPN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between JXN and SUPN?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.32 over the last year and 0.33 over 5 years.
Is SUPN a good diversifier for JXN?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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 · SUPN correlations
