JPM vs STEW: Correlation
JPMorgan Chase (JPM) and SRH Total Return Fund, Inc. (STEW) show a strong relationship: their 3-year correlation of weekly returns is 0.72.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JPM and STEW?
Over the past 3 years, JPM and STEW moved with a correlation of 0.72, which is strong. Lately the two have drifted apart, with the 1-year correlation at 0.59 versus 0.72 over 3 years. Over 5 years the correlation is 0.73, and the annualized covariance of weekly returns is 236.6 %².
Within JPM's tracked universe of 36 assets, STEW comes in at #10 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months JPM outperformed by 15.4 percentage points (+20.6% for JPM against +5.2% for STEW). Risk is not evenly split, since JPM carries 1.6 times the volatility of the other side.
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 STEW: side by side
| JPM (JPMorgan Chase) | STEW (SRH Total Return Fund, Inc.) | |
|---|---|---|
| 1-year return | +20.6% | +5.2% |
| 5-year return | +150.2% | +61.2% |
| Volatility (ann.) | 23.2% | 14.1% |
| Beta vs S&P 500 | 1.01 | 0.67 |
| Max drawdown (3Y) | -24.4% | -10.5% |
| Market cap | $941.6B | $1.8B |
| P/E (trailing) | 15.2 | 12.1 |
| Dividend yield | 1.68% | 3.91% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | JPM | STEW |
|---|---|---|
| 2022 | -12.6% | -7.3% |
| 2023 | +30.6% | +13.5% |
| 2024 | +44.3% | +19.9% |
| 2025 | +37.3% | +20.3% |
| 2026 | +11.5% | +3.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JPM and STEW good diversifiers for each other?
Somewhat, no more. With 0.72 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between JPM and STEW?
As of 2026-08-27, the correlation of weekly returns between JPM and STEW is 0.72 over 3 years, 0.59 over 1 year and 0.73 over 5 years.
Is STEW a good diversifier for JPM?
Somewhat, no more. With 0.72 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.72 mean?
On the −1 to +1 scale, 0.72 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-stew.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jpm-vs-stew/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: JPM correlations · STEW correlations
