JPM vs WFC: Correlation
JPMorgan Chase (JPM) and Wells Fargo (WFC) show a strong relationship: their 3-year correlation of weekly returns is 0.77.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JPM and WFC?
On 3 years of weekly data the JPM/WFC correlation comes out at 0.77, strong. The relationship has been stable: the 1-year correlation (0.75) sits close to the 3-year figure. The 5-year figure is 0.79, and annualized covariance runs at 531.7 %².
Among the 36 assets we track against JPM, WFC ranks #5 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 WFC). Stability stands out here, with the rolling one-year correlation confined to 0.65 through 0.85.
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 WFC: side by side
| JPM (JPMorgan Chase) | WFC (Wells Fargo) | |
|---|---|---|
| 1-year return | +20.6% | +5.2% |
| 5-year return | +150.2% | +98.3% |
| Volatility (ann.) | 23.2% | 29.7% |
| Beta vs S&P 500 | 1.01 | 0.98 |
| Max drawdown (3Y) | -24.4% | -24.7% |
| Market cap | $941.6B | $256.9B |
| P/E (trailing) | 15.2 | 12.4 |
| Dividend yield | 1.68% | 2.11% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | JPM | WFC |
|---|---|---|
| 2022 | -12.6% | -11.9% |
| 2023 | +30.6% | +22.9% |
| 2024 | +44.3% | +46.5% |
| 2025 | +37.3% | +35.6% |
| 2026 | +11.5% | -7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JPM and WFC good diversifiers for each other?
To a limited degree. At 0.77 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between JPM and WFC?
As of 2026-08-27, the correlation of weekly returns between JPM and WFC is 0.77 over 3 years, 0.75 over 1 year and 0.79 over 5 years.
Is WFC a good diversifier for JPM?
To a limited degree. At 0.77 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.77 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.
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Related comparisons
Hubs: JPM correlations · WFC correlations
