JPM vs MS: Correlation
How closely do JPMorgan Chase (JPM) and Morgan Stanley (MS) trade together? Their weekly returns over three years give a correlation of 0.76, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JPM and MS?
Across a 3-year window, the weekly returns of JPM and MS correlate at 0.76, strong. The past 12 months show a weaker link (0.58) than the 3-year average (0.76). Stretching to 5 years gives 0.74, with an annualized covariance of 497.9 %².
By 3-year correlation, MS places #6 of the 36 assets tracked against JPM. Their recent paths diverged sharply: over the last 12 months MS outperformed by 26.5 percentage points (+20.6% for JPM against +47.1% for MS). Across three years, the rolling one-year figure varied moderately, from 0.58 to 0.89.
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.
JPM vs MS: side by side
| JPM (JPMorgan Chase) | MS (Morgan Stanley) | |
|---|---|---|
| 1-year return | +20.6% | +47.1% |
| 5-year return | +150.2% | +142.0% |
| Volatility (ann.) | 23.2% | 28.3% |
| Beta vs S&P 500 | 1.01 | 1.43 |
| Max drawdown (3Y) | -24.4% | -29.2% |
| Market cap | $941.6B | $337.5B |
| P/E (trailing) | 15.2 | 17.4 |
| Dividend yield | 1.68% | 1.94% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | JPM | MS |
|---|---|---|
| 2022 | -12.6% | -10.3% |
| 2023 | +30.6% | +13.9% |
| 2024 | +44.3% | +39.7% |
| 2025 | +37.3% | +45.2% |
| 2026 | +11.5% | +23.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JPM and MS good diversifiers for each other?
To a limited degree. At 0.76 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 JPM and MS?
The JPM/MS correlation stands at 0.76 on a 3-year window (1 year: 0.58, 5 years: 0.74), computed from weekly returns as of 2026-08-27.
Is MS a good diversifier for JPM?
To a limited degree. At 0.76 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 0.76 mean?
On the −1 to +1 scale, 0.76 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/jpm-vs-ms.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jpm-vs-ms/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: JPM correlations · MS correlations
