JXN vs VXZ: Correlation
Jackson Financial Inc. (JXN) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) show a negative relationship: their 3-year correlation of weekly returns is -0.58.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JXN and VXZ?
Across a 3-year window, the weekly returns of JXN and VXZ correlate at -0.58, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.25) than the 3-year average (-0.58). Stretching to 5 years gives -0.49, with an annualized covariance of -515.1 %².
Among the 15 assets we track against JXN, VXZ sits near the bottom by co-movement, at rank #15. The last year tells two different stories: JXN led by 57.1 percentage points, +41.0% for JXN against -16.1% for VXZ.
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 VXZ: side by side
| JXN (Jackson Financial Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +41.0% | -16.1% |
| 5-year return | +434.8% | -53.1% |
| Volatility (ann.) | 34.5% | 25.6% |
| Beta vs S&P 500 | 1.32 | -1.31 |
| Max drawdown (3Y) | -37.1% | -36.4% |
| Market cap | $9.0B | – |
| P/E (trailing) | 146.7 | – |
| Dividend yield | 2.54% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JXN | VXZ |
|---|---|---|
| 2022 | -11.5% | +0.5% |
| 2023 | +57.2% | -44.0% |
| 2024 | +76.5% | -12.7% |
| 2025 | +26.9% | +5.7% |
| 2026 | +27.3% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JXN and VXZ good diversifiers for each other?
Yes: at -0.58, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between JXN and VXZ?
The JXN/VXZ correlation stands at -0.58 on a 3-year window (1 year: -0.25, 5 years: -0.49), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for JXN?
Yes: at -0.58, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.58 mean?
On the −1 to +1 scale, -0.58 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/jxn-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jxn-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: JXN correlations · VXZ correlations
