HQY vs. JXN
HQY (HealthEquity, Inc.) and JXN (Jackson Financial Inc.) are both stocks. HQY operates in Health Information Services (Healthcare), while JXN operates in Asset Management (Financial Services). Over the past 3 years, HQY returned 13.50%/yr vs 59.88%/yr for JXN. At a 0.29 correlation, their price movements are largely independent.
Performance
HQY vs. JXN - Performance Comparison
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Returns By Period
In the year-to-date period, HQY achieves a -6.09% return, which is significantly lower than JXN's 0.22% return.
HQY
- 1D
- 0.96%
- 1M
- 4.11%
- YTD
- -6.09%
- 6M
- -10.08%
- 1Y
- -23.91%
- 3Y*
- 13.50%
- 5Y*
- 1.19%
- 10Y*
- 12.29%
JXN
- 1D
- 1.52%
- 1M
- -2.30%
- YTD
- 0.22%
- 6M
- 8.90%
- 1Y
- 32.78%
- 3Y*
- 59.88%
- 5Y*
- —
- 10Y*
- —
HQY vs. JXN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HQY HealthEquity, Inc. | -6.09% | -4.52% | 44.72% | 7.56% | 39.33% | -31.63% |
JXN Jackson Financial Inc. | 0.22% | 26.93% | 76.45% | 57.22% | -11.54% | 34.86% |
Correlation
The correlation between HQY and JXN is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Sep 2, 2021 | 0.30 |
Fundamentals
HQY:
$2.66
JXN:
-$7.23
HQY:
5.58
JXN:
0.96
HQY:
$1.34B
JXN:
$5.86B
HQY:
$972.12M
JXN:
$5.39B
HQY:
$300.86M
JXN:
-$22.00M
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Return for Risk
HQY vs. JXN — Risk / Return Rank
HQY
JXN
HQY vs. JXN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HealthEquity, Inc. (HQY) and Jackson Financial Inc. (JXN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| HQY | JXN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.72 | ||
| Sortino ratioReturn per unit of downside risk | -2.28 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.19 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.68 | 2.02 | -2.70 |
| Martin ratioReturn relative to average drawdown | -1.14 | 4.68 | -5.82 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HQY | JXN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.68 | 1.04 | -1.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.03 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.81 | -0.48 |
Drawdowns
HQY vs. JXN - Drawdown Comparison
The maximum HQY drawdown since its inception was -60.65%, which is greater than JXN's maximum drawdown of -48.34%. Use the drawdown chart below to compare losses from any high point for HQY and JXN.
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Drawdown Indicators
| HQY | JXN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.65% | -48.34% | -12.31% |
Max Drawdown (1Y)Largest decline over 1 year | -35.04% | -16.31% | -18.73% |
Max Drawdown (3Y)Largest decline over 3 years | -36.07% | -37.09% | +1.02% |
Max Drawdown (5Y)Largest decline over 5 years | -52.81% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -60.65% | — | — |
Current DrawdownCurrent decline from peak | -24.87% | -12.54% | -12.33% |
Average DrawdownAverage peak-to-trough decline | -22.98% | -15.11% | -7.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.21% | 7.02% | +14.19% |
Volatility
HQY vs. JXN - Volatility Comparison
HealthEquity, Inc. (HQY) and Jackson Financial Inc. (JXN) have volatilities of 10.42% and 10.96%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HQY | JXN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.42% | 10.96% | -0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 26.64% | 23.37% | +3.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.33% | 31.86% | +4.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.78% | 44.05% | -4.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.51% | 44.05% | +0.46% |
Dividends
HQY vs. JXN - Dividend Comparison
HQY has not paid dividends to shareholders, while JXN's dividend yield for the trailing twelve months is around 3.11%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
HQY HealthEquity, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JXN Jackson Financial Inc. | 3.11% | 3.00% | 3.22% | 4.84% | 6.32% | 1.20% |
Financials
HQY vs. JXN - Financials Comparison
This section allows you to compare key financial metrics between HealthEquity, Inc. and Jackson Financial Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
HQY vs. JXN - Profitability Comparison
HQY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, HealthEquity, Inc. reported a gross profit of 256.31M and revenue of 354.64M. Therefore, the gross margin over that period was 72.3%.
JXN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Jackson Financial Inc. reported a gross profit of 0.00 and revenue of 2.90B. Therefore, the gross margin over that period was 0.0%.
HQY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, HealthEquity, Inc. reported an operating income of 102.95M and revenue of 354.64M, resulting in an operating margin of 29.0%.
JXN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Jackson Financial Inc. reported an operating income of 0.00 and revenue of 2.90B, resulting in an operating margin of 0.0%.
HQY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, HealthEquity, Inc. reported a net income of 69.42M and revenue of 354.64M, resulting in a net margin of 19.6%.
JXN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Jackson Financial Inc. reported a net income of -435.00M and revenue of 2.90B, resulting in a net margin of -15.0%.
Frequently Asked Questions
HQY and JXN have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JXN has higher volatility (10.96%) compared to HQY (10.42%). In terms of maximum drawdown, HQY dropped -60.65% vs JXN's -48.34%.
JXN currently has the higher Sharpe Ratio (1.04 vs -0.68), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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