C vs JPM: Correlation
Measured on weekly returns over the past three years, Citigroup (C) and JPMorgan Chase (JPM) carry a correlation of 0.82, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are C and JPM?
On 3 years of weekly data the C/JPM correlation comes out at 0.82, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.77 lands near the 3-year figure. The 5-year figure is 0.79, and annualized covariance runs at 575.8 %².
In C's tracked universe of 33 assets, JPM sits right near the top at #2. The last year tells two different stories: C led by 19.3 percentage points, +39.9% for C against +20.6% for JPM. Stability stands out here, with the rolling one-year correlation confined to 0.73 through 0.87.
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.
C vs JPM: side by side
| C (Citigroup) | JPM (JPMorgan Chase) | |
|---|---|---|
| 1-year return | +39.9% | +20.6% |
| 5-year return | +119.6% | +150.2% |
| Volatility (ann.) | 30.3% | 23.2% |
| Beta vs S&P 500 | 1.39 | 1.01 |
| Max drawdown (3Y) | -31.3% | -24.4% |
| Market cap | $222.6B | $941.6B |
| P/E (trailing) | 14.4 | 15.2 |
| Dividend yield | 1.80% | 1.68% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | C | JPM |
|---|---|---|
| 2022 | -22.1% | -12.6% |
| 2023 | +19.0% | +30.6% |
| 2024 | +41.9% | +44.3% |
| 2025 | +70.4% | +37.3% |
| 2026 | +15.4% | +11.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are C and JPM good diversifiers for each other?
No. With a correlation of 0.82, C and JPM move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between C and JPM?
The C/JPM correlation stands at 0.82 on a 3-year window (1 year: 0.77, 5 years: 0.79), computed from weekly returns as of 2026-08-27.
Is JPM a good diversifier for C?
No. With a correlation of 0.82, C and JPM move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.82 mean?
On the −1 to +1 scale, 0.82 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/c-vs-jpm.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/c-vs-jpm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: C correlations · JPM correlations
