BCE vs JPM: Correlation
Measured on weekly returns over the past three years, BCE, Inc. (BCE) and JPMorgan Chase (JPM) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCE and JPM?
On 3 years of weekly data the BCE/JPM correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.37 versus -0.19 over 3 years. The 5-year figure is 0.02, and annualized covariance runs at -93.9 %².
By 3-year correlation, JPM places #18 of the 27 assets tracked against BCE. Their recent paths diverged sharply: over the last 12 months JPM outperformed by 22.0 percentage points (-1.4% for BCE against +20.6% for JPM).
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.
BCE vs JPM: side by side
| BCE (BCE, Inc.) | JPM (JPMorgan Chase) | |
|---|---|---|
| 1-year return | -1.4% | +20.6% |
| 5-year return | -36.8% | +150.2% |
| Volatility (ann.) | 21.5% | 23.2% |
| Beta vs S&P 500 | -0.06 | 1.01 |
| Max drawdown (3Y) | -43.5% | -24.4% |
| Market cap | $21.8B | $941.6B |
| P/E (trailing) | 4.8 | 15.2 |
| Dividend yield | 7.45% | 1.68% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | BCE | JPM |
|---|---|---|
| 2022 | -10.6% | -12.6% |
| 2023 | -4.2% | +30.6% |
| 2024 | -35.5% | +44.3% |
| 2025 | +10.2% | +37.3% |
| 2026 | +0.8% | +11.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCE and JPM good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BCE and JPM?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with -0.37 over the last year and 0.02 over 5 years.
Is JPM a good diversifier for BCE?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 mean?
On the −1 to +1 scale, -0.19 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/bce-vs-jpm.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bce-vs-jpm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BCE correlations · JPM correlations
