JPM vs V: Correlation
How closely do JPMorgan Chase (JPM) and Visa Inc. (V) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JPM and V?
Over the past 3 years, JPM and V moved with a correlation of 0.51, which is moderate. The link has loosened recently: the 1-year correlation (0.40) runs below the 3-year figure (0.51). Over 5 years the correlation is 0.53, and the annualized covariance of weekly returns is 225.5 %².
By 3-year correlation, V places #22 of the 36 assets tracked against JPM. The trailing year gives JPM the advantage: +20.6% versus +9.2%, a 11.4-point spread. This link changes with the market regime, having swung between 0.09 and 0.74 on a rolling one-year basis.
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 V: side by side
| JPM (JPMorgan Chase) | V (Visa Inc.) | |
|---|---|---|
| 1-year return | +20.6% | +9.2% |
| 5-year return | +150.2% | +70.5% |
| Volatility (ann.) | 23.2% | 19.1% |
| Beta vs S&P 500 | 1.01 | 0.72 |
| Max drawdown (3Y) | -24.4% | -20.4% |
| Market cap | $941.6B | $708.8B |
| P/E (trailing) | 15.2 | 32.7 |
| Dividend yield | 1.68% | 0.70% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | JPM | V |
|---|---|---|
| 2022 | -12.6% | -3.4% |
| 2023 | +30.6% | +26.3% |
| 2024 | +44.3% | +22.3% |
| 2025 | +37.3% | +11.8% |
| 2026 | +11.5% | +8.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JPM and V good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between JPM and V?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.40 over the last year and 0.53 over 5 years.
Is V a good diversifier for JPM?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 mean?
A reading of 0.51 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: JPM correlations · V correlations
