JXN vs TPC: Correlation
Jackson Financial Inc. (JXN) and Tutor Perini Corporation (TPC) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JXN and TPC?
Across a 3-year window, the weekly returns of JXN and TPC correlate at 0.56, moderate. The link has loosened recently: the 1-year correlation (0.29) runs below the 3-year figure (0.56). Stretching to 5 years gives 0.46, with an annualized covariance of 1188.0 %².
Among the 15 assets we track against JXN, TPC ranks #6 by 3-year correlation. The last year tells two different stories: TPC led by 15.9 percentage points, +41.0% for JXN against +56.9% for TPC. Note the risk asymmetry: TPC runs 1.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 TPC: side by side
| JXN (Jackson Financial Inc.) | TPC (Tutor Perini Corporation) | |
|---|---|---|
| 1-year return | +41.0% | +56.9% |
| 5-year return | +434.8% | +541.7% |
| Volatility (ann.) | 34.5% | 62.0% |
| Beta vs S&P 500 | 1.32 | 1.63 |
| Max drawdown (3Y) | -37.1% | -40.9% |
| Market cap | $9.0B | $4.8B |
| P/E (trailing) | 146.7 | 39.6 |
| Dividend yield | 2.54% | 0.20% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JXN | TPC |
|---|---|---|
| 2022 | -11.5% | -39.0% |
| 2023 | +57.2% | +20.5% |
| 2024 | +76.5% | +165.9% |
| 2025 | +26.9% | +177.2% |
| 2026 | +27.3% | +37.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JXN and TPC good diversifiers for each other?
Only partially. A correlation of 0.56 means JXN and TPC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between JXN and TPC?
Using weekly returns as of 2026-08-27: 0.56 over 3 years, with 0.29 over the last year and 0.46 over 5 years.
Is TPC a good diversifier for JXN?
Only partially. A correlation of 0.56 means JXN and TPC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.56 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-tpc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jxn-vs-tpc/)
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Related comparisons
Hubs: JXN correlations · TPC correlations
