JPM vs VTV: Correlation
JPMorgan Chase (JPM) and Vanguard Value ETF (VTV) show a strong relationship: their 3-year correlation of weekly returns is 0.73.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JPM and VTV?
Across a 3-year window, the weekly returns of JPM and VTV correlate at 0.73, strong. Lately the two have drifted apart, with the 1-year correlation at 0.54 versus 0.73 over 3 years. Stretching to 5 years gives 0.74, with an annualized covariance of 200.4 %².
Within JPM's tracked universe of 36 assets, VTV comes in at #8 by 3-year correlation. On 12-month performance VTV holds a 5.1-point edge, +20.6% against +25.7%. The rolling one-year correlation moved between 0.53 and 0.85 over the past three years, a moderate range. 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 VTV: side by side
| JPM (JPMorgan Chase) | VTV (Vanguard Value ETF) | |
|---|---|---|
| 1-year return | +20.6% | +25.7% |
| 5-year return | +150.2% | +79.1% |
| Volatility (ann.) | 23.2% | 11.9% |
| Beta vs S&P 500 | 1.01 | 0.65 |
| Max drawdown (3Y) | -24.4% | -14.5% |
| Market cap | $941.6B | – |
| P/E (trailing) | 15.2 | – |
| Dividend yield | 1.68% | 1.86% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $256.4B |
| Sector / category | Financials | ETF · US Style |
On the fund side, VTV sits in the Large Value category at Vanguard, with $256.4B under management, 308 holdings, a 0.03% expense ratio, a 1.86% trailing dividend yield.
Year-by-year returns
| Year | JPM | VTV |
|---|---|---|
| 2022 | -12.6% | -2.1% |
| 2023 | +30.6% | +9.3% |
| 2024 | +44.3% | +16.0% |
| 2025 | +37.3% | +15.3% |
| 2026 | +11.5% | +19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
JPM represents 3.51% of VTV's portfolio, so part of any move in VTV is JPM itself, and the correlation between them is partly mechanical.
Are JPM and VTV good diversifiers for each other?
Somewhat, no more. With 0.73 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between JPM and VTV?
The JPM/VTV correlation stands at 0.73 on a 3-year window (1 year: 0.54, 5 years: 0.74), computed from weekly returns as of 2026-08-27.
Is VTV a good diversifier for JPM?
Somewhat, no more. With 0.73 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.73 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
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Related comparisons
Hubs: JPM correlations · VTV correlations
