JXN vs VXX: Correlation
How closely do Jackson Financial Inc. (JXN) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.57, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JXN and VXX?
On 3 years of weekly data the JXN/VXX correlation comes out at -0.57, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.24 versus -0.57 over 3 years. The 5-year figure is -0.47, and annualized covariance runs at -1197.0 %².
VXX is close to the least connected end of JXN's tracked universe, ranking #14 of 15. Correlation aside, the last 12 months split them widely, with JXN ahead by 90.7 points (+41.0% versus -49.7%). Risk is not evenly split, since VXX carries 1.8 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.
JXN vs VXX: side by side
| JXN (Jackson Financial Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +41.0% | -49.7% |
| 5-year return | +434.8% | -95.6% |
| Volatility (ann.) | 34.5% | 60.9% |
| Beta vs S&P 500 | 1.32 | -3.31 |
| Max drawdown (3Y) | -37.1% | -83.3% |
| Market cap | $9.0B | – |
| P/E (trailing) | 146.7 | – |
| Dividend yield | 2.54% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JXN | VXX |
|---|---|---|
| 2022 | -11.5% | -23.8% |
| 2023 | +57.2% | -72.5% |
| 2024 | +76.5% | -26.2% |
| 2025 | +26.9% | -42.2% |
| 2026 | +27.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JXN and VXX good diversifiers for each other?
Yes. With a correlation of -0.57, JXN and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between JXN and VXX?
The JXN/VXX correlation stands at -0.57 on a 3-year window (1 year: -0.24, 5 years: -0.47), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for JXN?
Yes. With a correlation of -0.57, JXN and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.57 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-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jxn-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: JXN correlations · VXX correlations
