JPM vs USAR: Correlation
JPMorgan Chase (JPM) and USA Rare Earth, Inc. (USAR) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JPM and USAR?
On 3 years of weekly data the JPM/USAR correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.14 over 1 year against -0.23 over 3. The 5-year figure is n/a, and annualized covariance runs at -521.7 %².
Out of 36 assets tracked against JPM, USAR lands near the bottom at #33. Twelve-month performance is nearly a tie, at +20.6% for JPM and +22.7% for USAR. One caveat on sizing: USAR is 4.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 USAR: side by side
| JPM (JPMorgan Chase) | USAR (USA Rare Earth, Inc.) | |
|---|---|---|
| 1-year return | +20.6% | +22.7% |
| 5-year return | +150.2% | n/a |
| Volatility (ann.) | 23.2% | 98.3% |
| Beta vs S&P 500 | 1.01 | -0.14 |
| Max drawdown (3Y) | -24.4% | -69.2% |
| Market cap | $941.6B | $4.7B |
| P/E (trailing) | 15.2 | – |
| Dividend yield | 1.68% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | JPM | USAR |
|---|---|---|
| 2022 | -12.6% | – |
| 2023 | +30.6% | – |
| 2024 | +44.3% | +11.1% |
| 2025 | +37.3% | +3.7% |
| 2026 | +11.5% | +61.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JPM and USAR good diversifiers for each other?
Yes. With a correlation of -0.23, JPM and USAR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between JPM and USAR?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.14 over the last year and n/a over 5 years.
Is USAR a good diversifier for JPM?
Yes. With a correlation of -0.23, JPM and USAR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
A reading of -0.23 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-usar.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jpm-vs-usar/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: JPM correlations · USAR correlations
