AMP vs RJF: Correlation
How closely do Ameriprise Financial (AMP) and Raymond James Financial (RJF) trade together? Their weekly returns over three years give a correlation of 0.82, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMP and RJF?
On 3 years of weekly data the AMP/RJF correlation comes out at 0.82, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.77) sits close to the 3-year figure. The 5-year figure is 0.85, and annualized covariance runs at 508.0 %².
Few assets follow AMP as closely as RJF, which ranks #1 of 34 tracked partners. Their 12-month results are close: +8.7% for AMP against +6.3% for RJF. Across three years, the rolling one-year figure varied moderately, from 0.65 to 0.93.
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 RJF: side by side
| AMP (Ameriprise Financial) | RJF (Raymond James Financial) | |
|---|---|---|
| 1-year return | +8.7% | +6.3% |
| 5-year return | +119.2% | +102.1% |
| Volatility (ann.) | 25.0% | 24.8% |
| Beta vs S&P 500 | 1.09 | 1.03 |
| Max drawdown (3Y) | -26.4% | -28.1% |
| Market cap | $49.1B | $33.8B |
| P/E (trailing) | 13.5 | 15.4 |
| Dividend yield | 1.16% | 1.20% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | AMP | RJF |
|---|---|---|
| 2022 | +5.0% | +8.3% |
| 2023 | +24.0% | +6.1% |
| 2024 | +42.1% | +40.8% |
| 2025 | -6.7% | +4.7% |
| 2026 | +14.5% | +10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMP and RJF good diversifiers for each other?
No. With a correlation of 0.82, AMP and RJF move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between AMP and RJF?
Using weekly returns as of 2026-08-27: 0.82 over 3 years, with 0.77 over the last year and 0.85 over 5 years.
Is RJF a good diversifier for AMP?
No. With a correlation of 0.82, AMP and RJF move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.82 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/amp-vs-rjf.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/amp-vs-rjf/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AMP correlations · RJF correlations
