JPM vs VIG: Correlation
JPMorgan Chase (JPM) and Vanguard Dividend Appreciation ETF (VIG) show a strong relationship: their 3-year correlation of weekly returns is 0.69.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JPM and VIG?
On 3 years of weekly data the JPM/VIG correlation comes out at 0.69, strong. The link has loosened recently: the 1-year correlation (0.52) runs below the 3-year figure (0.69). The 5-year figure is 0.69, and annualized covariance runs at 191.2 %².
By 3-year correlation, VIG places #15 of the 36 assets tracked against JPM. Twelve-month performance is nearly a tie, at +20.6% for JPM and +17.1% for VIG. On a rolling one-year basis the correlation drifted between 0.51 and 0.81, a moderate band. Risk is not evenly split, since JPM carries 1.9 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 VIG: side by side
| JPM (JPMorgan Chase) | VIG (Vanguard Dividend Appreciation ETF) | |
|---|---|---|
| 1-year return | +20.6% | +17.1% |
| 5-year return | +150.2% | +64.0% |
| Volatility (ann.) | 23.2% | 11.9% |
| Beta vs S&P 500 | 1.01 | 0.74 |
| Max drawdown (3Y) | -24.4% | -15.0% |
| Market cap | $941.6B | – |
| P/E (trailing) | 15.2 | – |
| Dividend yield | 1.68% | 1.50% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $130.9B |
| Sector / category | Financials | ETF · Dividend |
VIG, Vanguard's Large Blend fund, carries $130.9B under management, 333 holdings, a 0.04% expense ratio, a 1.50% trailing dividend yield.
Year-by-year returns
| Year | JPM | VIG |
|---|---|---|
| 2022 | -12.6% | -9.8% |
| 2023 | +30.6% | +14.5% |
| 2024 | +44.3% | +17.0% |
| 2025 | +37.3% | +14.2% |
| 2026 | +11.5% | +11.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
JPM represents 4.09% of VIG's portfolio, so part of any move in VIG is JPM itself, and the correlation between them is partly mechanical.
Are JPM and VIG good diversifiers for each other?
Only partially. A correlation of 0.69 means JPM and VIG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between JPM and VIG?
As of 2026-08-27, the correlation of weekly returns between JPM and VIG is 0.69 over 3 years, 0.52 over 1 year and 0.69 over 5 years.
Is VIG a good diversifier for JPM?
Only partially. A correlation of 0.69 means JPM and VIG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.69 mean?
On the −1 to +1 scale, 0.69 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-vig.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/jpm-vs-vig/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: JPM correlations · VIG correlations
