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AMP vs SEIC: Correlation

Measured on weekly returns over the past three years, Ameriprise Financial (AMP) and SEI Investments Company (SEIC) carry a correlation of 0.68, a strong link.

Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology

Correlation (3Y)
0.68
strong
Correlation (1Y)
0.61
last 12 months
Correlation (5Y)
0.74
long-run
Ann. covariance
351.3
%² · weekly, annualized

How correlated are AMP and SEIC?

On 3 years of weekly data the AMP/SEIC correlation comes out at 0.68, strong. Recent behaviour matches the longer record: 0.61 over 1 year against 0.68 over 3. The 5-year figure is 0.74, and annualized covariance runs at 351.3 %².

By 3-year correlation, SEIC places #7 of the 34 assets tracked against AMP. Correlation aside, the last 12 months split them widely, with SEIC ahead by 15.7 points (+8.7% versus +24.4%).

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 SEIC: side by side

AMP (Ameriprise Financial)SEIC (SEI Investments Company)
1-year return+8.7%+24.4%
5-year return+119.2%+89.5%
Volatility (ann.)25.0%20.7%
Beta vs S&P 5001.090.91
Max drawdown (3Y)-26.4%-23.3%
Market cap$49.1B$13.4B
P/E (trailing)13.519.6
Dividend yield1.16%0.94%
Sector / categoryFinancialsUS Listed
Lower P/E: AMP 13.5 vs 19.6Higher yield: AMP 1.16% vs 0.94%Smaller drawdown: SEIC -23.3% vs -26.4%Higher 5y return: AMP +119.2% vs +89.5%
-13%0%+29%2025-09-052026-08-27
Price paths over the last 12 months, both indexed to 100 at the start (weekly closes). AMP · SEIC

Year-by-year returns

YearAMPSEIC
2022+5.0%-2.9%
2023+24.0%+10.6%
2024+42.1%+31.5%
2025-6.7%+0.6%
2026+14.5%+36.5%

Calendar-year price returns; the current year is year-to-date as of the data date above.

Are AMP and SEIC good diversifiers for each other?

Only partially. A correlation of 0.68 means AMP and SEIC 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 SEIC?

The AMP/SEIC correlation stands at 0.68 on a 3-year window (1 year: 0.61, 5 years: 0.74), computed from weekly returns as of 2026-08-27.

Is SEIC a good diversifier for AMP?

Only partially. A correlation of 0.68 means AMP and SEIC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.

What does a correlation of 0.68 mean?

On the −1 to +1 scale, 0.68 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.

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AMP vs SEIC: 3-year weekly correlation 0.68AMP vs SEIC0.68

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Hubs: AMP correlations · SEIC correlations