BRK.B vs JPM: Correlation
Berkshire Hathaway (BRK.B) and JPMorgan Chase (JPM) show a moderate relationship: their 3-year correlation of weekly returns is 0.59.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRK.B and JPM?
Over the past 3 years, BRK.B and JPM moved with a correlation of 0.59, which is moderate. The past 12 months show a weaker link (0.39) than the 3-year average (0.59). Over 5 years the correlation is 0.61, and the annualized covariance of weekly returns is 216.0 %².
By 3-year correlation, JPM places #10 of the 31 assets tracked against BRK.B. The last year tells two different stories: JPM led by 19.0 percentage points, +1.6% for BRK.B against +20.6% for JPM. Across three years, the rolling one-year figure varied moderately, from 0.41 to 0.74.
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.
BRK.B vs JPM: side by side
| BRK.B (Berkshire Hathaway) | JPM (JPMorgan Chase) | |
|---|---|---|
| 1-year return | +1.6% | +20.6% |
| 5-year return | +76.3% | +150.2% |
| Volatility (ann.) | 15.9% | 23.2% |
| Beta vs S&P 500 | 0.43 | 1.01 |
| Max drawdown (3Y) | -14.9% | -24.4% |
| Market cap | $1,078.3B | $941.6B |
| P/E (trailing) | 12.7 | 15.2 |
| Dividend yield | 0.00% | 1.68% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | BRK.B | JPM |
|---|---|---|
| 2022 | +3.3% | -12.6% |
| 2023 | +15.5% | +30.6% |
| 2024 | +27.1% | +44.3% |
| 2025 | +10.9% | +37.3% |
| 2026 | +0.2% | +11.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRK.B and JPM good diversifiers for each other?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BRK.B and JPM?
The BRK.B/JPM correlation stands at 0.59 on a 3-year window (1 year: 0.39, 5 years: 0.61), computed from weekly returns as of 2026-08-27.
Is JPM a good diversifier for BRK.B?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.59 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/brk-b-vs-jpm.json
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[](https://www.pairbook.io/pair/brk-b-vs-jpm/)
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Related comparisons
Hubs: BRK.B correlations · JPM correlations
