JCI vs JPM: Correlation
Measured on weekly returns over the past three years, Johnson Controls (JCI) and JPMorgan Chase (JPM) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JCI and JPM?
On 3 years of weekly data the JCI/JPM correlation comes out at 0.54, moderate. The relationship has been stable: the 1-year correlation (0.46) sits close to the 3-year figure. The 5-year figure is 0.55, and annualized covariance runs at 351.7 %².
Within JCI's tracked universe of 32 assets, JPM comes in at #10 by 3-year correlation. On 12-month performance JCI holds a 10.3-point edge, +30.9% against +20.6%. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.20 to 0.75.
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.
JCI vs JPM: side by side
| JCI (Johnson Controls) | JPM (JPMorgan Chase) | |
|---|---|---|
| 1-year return | +30.9% | +20.6% |
| 5-year return | +108.2% | +150.2% |
| Volatility (ann.) | 28.1% | 23.2% |
| Beta vs S&P 500 | 0.98 | 1.01 |
| Max drawdown (3Y) | -21.1% | -24.4% |
| Market cap | $86.1B | $941.6B |
| P/E (trailing) | 40.1 | 15.2 |
| Dividend yield | 1.11% | 1.68% |
| Sector / category | Industrials | Financials |
Year-by-year returns
| Year | JCI | JPM |
|---|---|---|
| 2022 | -19.3% | -12.6% |
| 2023 | -7.6% | +30.6% |
| 2024 | +39.8% | +44.3% |
| 2025 | +53.0% | +37.3% |
| 2026 | +19.5% | +11.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JCI and JPM good diversifiers for each other?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between JCI and JPM?
As of 2026-08-27, the correlation of weekly returns between JCI and JPM is 0.54 over 3 years, 0.46 over 1 year and 0.55 over 5 years.
Is JPM a good diversifier for JCI?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.54 mean?
On the −1 to +1 scale, 0.54 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/jci-vs-jpm.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/jci-vs-jpm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: JCI correlations · JPM correlations
