JPM vs SCHW: Correlation
JPMorgan Chase (JPM) and Charles Schwab Corporation (SCHW) show a moderate relationship: their 3-year correlation of weekly returns is 0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JPM and SCHW?
On 3 years of weekly data the JPM/SCHW correlation comes out at 0.55, moderate. The past 12 months show a weaker link (0.44) than the 3-year average (0.55). The 5-year figure is 0.57, and annualized covariance runs at 354.1 %².
By 3-year correlation, SCHW places #20 of the 36 assets tracked against JPM. The trailing year gives JPM the advantage: +20.6% versus +13.0%, a 7.6-point spread. Across three years, the rolling one-year figure varied moderately, from 0.39 to 0.80.
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 SCHW: side by side
| JPM (JPMorgan Chase) | SCHW (Charles Schwab Corporation) | |
|---|---|---|
| 1-year return | +20.6% | +13.0% |
| 5-year return | +150.2% | +57.3% |
| Volatility (ann.) | 23.2% | 27.8% |
| Beta vs S&P 500 | 1.01 | 0.93 |
| Max drawdown (3Y) | -24.4% | -21.4% |
| Market cap | $941.6B | $186.9B |
| P/E (trailing) | 15.2 | 19.9 |
| Dividend yield | 1.68% | 1.08% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | JPM | SCHW |
|---|---|---|
| 2022 | -12.6% | +0.1% |
| 2023 | +30.6% | -16.0% |
| 2024 | +44.3% | +9.2% |
| 2025 | +37.3% | +36.6% |
| 2026 | +11.5% | +9.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JPM and SCHW good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between JPM and SCHW?
As of 2026-08-27, the correlation of weekly returns between JPM and SCHW is 0.55 over 3 years, 0.44 over 1 year and 0.57 over 5 years.
Is SCHW a good diversifier for JPM?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 mean?
A reading of 0.55 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/jpm-vs-schw.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/jpm-vs-schw/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JPM correlations · SCHW correlations
