AMP vs JPM: Correlation
Ameriprise Financial (AMP) and JPMorgan Chase (JPM) show a strong relationship: their 3-year correlation of weekly returns is 0.67.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMP and JPM?
On 3 years of weekly data the AMP/JPM correlation comes out at 0.67, strong. Lately the two have drifted apart, with the 1-year correlation at 0.48 versus 0.67 over 3 years. The 5-year figure is 0.69, and annualized covariance runs at 387.1 %².
Among the 34 assets we track against AMP, JPM ranks #11 by 3-year correlation. The trailing year gives JPM the advantage: +8.7% versus +20.6%, a 11.9-point spread. On a rolling one-year basis the correlation drifted between 0.47 and 0.86, a moderate band.
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.
AMP vs JPM: side by side
| AMP (Ameriprise Financial) | JPM (JPMorgan Chase) | |
|---|---|---|
| 1-year return | +8.7% | +20.6% |
| 5-year return | +119.2% | +150.2% |
| Volatility (ann.) | 25.0% | 23.2% |
| Beta vs S&P 500 | 1.09 | 1.01 |
| Max drawdown (3Y) | -26.4% | -24.4% |
| Market cap | $49.1B | $941.6B |
| P/E (trailing) | 13.5 | 15.2 |
| Dividend yield | 1.16% | 1.68% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | AMP | JPM |
|---|---|---|
| 2022 | +5.0% | -12.6% |
| 2023 | +24.0% | +30.6% |
| 2024 | +42.1% | +44.3% |
| 2025 | -6.7% | +37.3% |
| 2026 | +14.5% | +11.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMP and JPM good diversifiers for each other?
Only partially. A correlation of 0.67 means AMP and JPM 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 AMP and JPM?
The AMP/JPM correlation stands at 0.67 on a 3-year window (1 year: 0.48, 5 years: 0.69), computed from weekly returns as of 2026-08-27.
Is JPM a good diversifier for AMP?
Only partially. A correlation of 0.67 means AMP and JPM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.67 mean?
On the −1 to +1 scale, 0.67 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
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Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: AMP correlations · JPM correlations
