JPMorgan Chase & Co. (JPM) — Stock Correlations & Overview
Over the past year, JPM has moved most closely with BNKU, IYG, KBWB. Explore the stocks most correlated and inversely correlated with JPM below, along with its price, financials, and company profile.
Stocks correlated with JPM
Correlation of daily returns. Higher positive values move with JPM; negative values move opposite it. Informational only, not investment advice.
Most correlated with JPM
| Symbol | Company | Correlation |
|---|---|---|
| BNKU | MicroSectors U.S. Big Banks 3x Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | 0.83 |
| IYG | iShares U.S. Financial Services ETF | 0.80 |
| KBWB | Invesco KBW Bank ETFINVESTMENT ADVICE | 0.79 |
| IYF | iShares U.S. Financials ETF | 0.79 |
| XLF | State Street Financial Select Sector SPDR ETFSTATE COMMERCIAL BANKS | 0.77 |
Most inversely correlated with JPM
| Symbol | Company | Correlation |
|---|---|---|
| BNKD | MicroSectors U.S. Big Banks -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.83 |
| SKF | ProShares UltraShort Financials | -0.77 |
| FAZ | Direxion Daily Financial Bear 3x ETF | -0.77 |
| SEF | ProShares Short Financials | -0.77 |
| SDOW | ProShares UltraPro Short Dow 30 | -0.65 |
Frequently asked questions about JPM correlations
- Which stocks are most correlated with JPM?
- Based on one year of daily returns, the stocks most correlated with JPMorgan Chase & Co. (JPM) are BNKU (0.83), IYG (0.80) and KBWB (0.79). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with JPM?
- Over the past year, the stocks most inversely correlated with JPMorgan Chase & Co. (JPM) are BNKD (-0.83), SKF (-0.77) and FAZ (-0.77). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these JPM correlations calculated?
- We compute the correlation of daily returns between JPM and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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