GL vs JPM: Correlation
How closely do Globe Life (GL) and JPMorgan Chase (JPM) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GL and JPM?
On 3 years of weekly data the GL/JPM correlation comes out at 0.44, moderate. The relationship has been stable: the 1-year correlation (0.48) sits close to the 3-year figure. The 5-year figure is 0.46, and annualized covariance runs at 362.5 %².
By 3-year correlation, JPM places #5 of the 30 assets tracked against GL. On 12-month performance GL holds a 5.5-point edge, +26.1% against +20.6%. The rolling one-year correlation moved between 0.33 and 0.60 over the past three years, a moderate range. Risk is not evenly split, since GL carries 1.5 times the volatility of the other side.
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.
GL vs JPM: side by side
| GL (Globe Life) | JPM (JPMorgan Chase) | |
|---|---|---|
| 1-year return | +26.1% | +20.6% |
| 5-year return | +91.0% | +150.2% |
| Volatility (ann.) | 35.7% | 23.2% |
| Beta vs S&P 500 | 0.60 | 1.01 |
| Max drawdown (3Y) | -61.6% | -24.4% |
| Market cap | $13.5B | $941.6B |
| P/E (trailing) | 11.7 | 15.2 |
| Dividend yield | 0.68% | 1.68% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | GL | JPM |
|---|---|---|
| 2022 | +29.7% | -12.6% |
| 2023 | +1.8% | +30.6% |
| 2024 | -7.5% | +44.3% |
| 2025 | +26.5% | +37.3% |
| 2026 | +26.5% | +11.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GL and JPM good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GL and JPM?
As of 2026-08-27, the correlation of weekly returns between GL and JPM is 0.44 over 3 years, 0.48 over 1 year and 0.46 over 5 years.
Is JPM a good diversifier for GL?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 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/gl-vs-jpm.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gl-vs-jpm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GL correlations · JPM correlations
