IBKR vs JPM: Correlation
Interactive Brokers (IBKR) and JPMorgan Chase (JPM) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IBKR and JPM?
On 3 years of weekly data the IBKR/JPM correlation comes out at 0.49, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.18 versus 0.49 over 3 years. The 5-year figure is 0.52, and annualized covariance runs at 386.0 %².
Among the 32 assets we track against IBKR, JPM ranks #18 by 3-year correlation. The last year tells two different stories: IBKR led by 36.4 percentage points, +57.0% for IBKR against +20.6% for JPM. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.12 to 0.76.
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.
IBKR vs JPM: side by side
| IBKR (Interactive Brokers) | JPM (JPMorgan Chase) | |
|---|---|---|
| 1-year return | +57.0% | +20.6% |
| 5-year return | +516.0% | +150.2% |
| Volatility (ann.) | 33.9% | 23.2% |
| Beta vs S&P 500 | 1.37 | 1.01 |
| Max drawdown (3Y) | -38.7% | -24.4% |
| Market cap | $164.5B | $941.6B |
| P/E (trailing) | 38.5 | 15.2 |
| Dividend yield | 0.34% | 1.68% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | IBKR | JPM |
|---|---|---|
| 2022 | -8.4% | -12.6% |
| 2023 | +15.1% | +30.6% |
| 2024 | +114.4% | +44.3% |
| 2025 | +46.4% | +37.3% |
| 2026 | +50.4% | +11.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IBKR and JPM good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between IBKR and JPM?
As of 2026-08-27, the correlation of weekly returns between IBKR and JPM is 0.49 over 3 years, 0.18 over 1 year and 0.52 over 5 years.
Is JPM a good diversifier for IBKR?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 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.
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Related comparisons
Hubs: IBKR correlations · JPM correlations
