JPM vs RJF: Correlation
JPMorgan Chase (JPM) and Raymond James Financial (RJF) show a strong relationship: their 3-year correlation of weekly returns is 0.67.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JPM and RJF?
Over the past 3 years, JPM and RJF moved with a correlation of 0.67, which is strong. The link has loosened recently: the 1-year correlation (0.56) runs below the 3-year figure (0.67). Over 5 years the correlation is 0.67, and the annualized covariance of weekly returns is 387.0 %².
Within JPM's tracked universe of 36 assets, RJF comes in at #17 by 3-year correlation. The trailing year gives JPM the advantage: +20.6% versus +6.3%, a 14.3-point spread. Across three years, the rolling one-year figure varied moderately, from 0.44 to 0.86.
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 RJF: side by side
| JPM (JPMorgan Chase) | RJF (Raymond James Financial) | |
|---|---|---|
| 1-year return | +20.6% | +6.3% |
| 5-year return | +150.2% | +102.1% |
| Volatility (ann.) | 23.2% | 24.8% |
| Beta vs S&P 500 | 1.01 | 1.03 |
| Max drawdown (3Y) | -24.4% | -28.1% |
| Market cap | $941.6B | $33.8B |
| P/E (trailing) | 15.2 | 15.4 |
| Dividend yield | 1.68% | 1.20% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | JPM | RJF |
|---|---|---|
| 2022 | -12.6% | +8.3% |
| 2023 | +30.6% | +6.1% |
| 2024 | +44.3% | +40.8% |
| 2025 | +37.3% | +4.7% |
| 2026 | +11.5% | +10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JPM and RJF good diversifiers for each other?
To a limited degree. At 0.67 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 RJF?
The JPM/RJF correlation stands at 0.67 on a 3-year window (1 year: 0.56, 5 years: 0.67), computed from weekly returns as of 2026-08-27.
Is RJF a good diversifier for JPM?
To a limited degree. At 0.67 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 0.67 mean?
On the −1 to +1 scale, 0.67 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-rjf.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/jpm-vs-rjf/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: JPM correlations · RJF correlations
