AJG vs. JPM
AJG (Arthur J. Gallagher & Co.) and JPM (JPMorgan Chase & Co.) are both stocks. Both are in the Financial Services sector — AJG in Insurance Brokers, JPM in Banks - Diversified. Over the past 10 years, AJG returned 18.56%/yr vs 21.02%/yr for JPM. At a 0.32 correlation, their price movements are largely independent.
Performance
AJG vs. JPM - Performance Comparison
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Returns By Period
In the year-to-date period, AJG achieves a -14.95% return, which is significantly lower than JPM's 0.50% return. Over the past 10 years, AJG has underperformed JPM with an annualized return of 18.56%, while JPM has yielded a comparatively higher 21.02% annualized return.
AJG
- 1D
- -1.00%
- 1M
- 9.74%
- YTD
- -14.95%
- 6M
- -13.82%
- 1Y
- -30.16%
- 3Y*
- 2.53%
- 5Y*
- 9.77%
- 10Y*
- 18.56%
JPM
- 1D
- 2.31%
- 1M
- 7.69%
- YTD
- 0.50%
- 6M
- 1.66%
- 1Y
- 23.40%
- 3Y*
- 34.22%
- 5Y*
- 17.82%
- 10Y*
- 21.02%
AJG vs. JPM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AJG Arthur J. Gallagher & Co. | -14.95% | -8.03% | 27.34% | 20.51% | 12.44% | 39.02% | 32.12% | 31.79% | 19.19% | 25.04% |
JPM JPMorgan Chase & Co. | 0.50% | 37.27% | 44.29% | 30.63% | -12.64% | 27.75% | -5.53% | 47.26% | -6.62% | 26.76% |
Correlation
The correlation between AJG and JPM is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 1984 | 0.32 |
The correlation between AJG and JPM shifts across timeframes, from 0.16 (1 year) to 0.41 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
AJG:
$5.74
JPM:
$21.08
AJG:
38.12
JPM:
15.21
AJG:
3.95
JPM:
1.68
AJG:
4.08
JPM:
3.14
AJG:
$13.94B
JPM:
$285.09B
AJG:
$7.63B
JPM:
$173.52B
AJG:
$3.66B
JPM:
$81.46B
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Return for Risk
AJG vs. JPM — Risk / Return Rank
AJG
JPM
AJG vs. JPM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Arthur J. Gallagher & Co. (AJG) and JPMorgan Chase & Co. (JPM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AJG | JPM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.13 | ||
| Sortino ratioReturn per unit of downside risk | -2.92 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.18 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | 1.42 | -2.18 |
| Martin ratioReturn relative to average drawdown | -1.30 | 3.36 | -4.65 |
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Drawdowns
AJG vs. JPM - Drawdown Comparison
The maximum AJG drawdown since its inception was -57.49%, smaller than the maximum JPM drawdown of -76.16%. Use the drawdown chart below to compare losses from any high point for AJG and JPM.
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Drawdown Indicators
| AJG | JPM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.49% | -76.16% | +18.67% |
Max Drawdown (1Y)Largest decline over 1 year | -40.64% | -15.47% | -25.17% |
Max Drawdown (3Y)Largest decline over 3 years | -44.40% | -24.42% | -19.98% |
Max Drawdown (5Y)Largest decline over 5 years | -44.40% | -38.77% | -5.63% |
Max Drawdown (10Y)Largest decline over 10 years | -44.40% | -43.63% | -0.77% |
Current DrawdownCurrent decline from peak | -36.46% | -3.66% | -32.80% |
Average DrawdownAverage peak-to-trough decline | -12.83% | -17.62% | +4.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.87% | 6.54% | +17.33% |
Volatility
AJG vs. JPM - Volatility Comparison
Arthur J. Gallagher & Co. (AJG) has a higher volatility of 8.37% compared to JPMorgan Chase & Co. (JPM) at 6.35%. This indicates that AJG's price experiences larger fluctuations and is considered to be riskier than JPM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AJG | JPM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.37% | 6.35% | +2.02% |
Volatility (6M)Calculated over the trailing 6-month period | 22.48% | 16.67% | +5.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.85% | 21.76% | +6.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.98% | 24.46% | -1.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.08% | 27.39% | -4.31% |
Dividends
AJG vs. JPM - Dividend Comparison
AJG's dividend yield for the trailing twelve months is around 1.23%, less than JPM's 1.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AJG Arthur J. Gallagher & Co. | 1.23% | 1.00% | 0.85% | 0.98% | 1.08% | 1.13% | 1.46% | 1.81% | 2.23% | 2.47% | 2.93% | 3.62% |
JPM JPMorgan Chase & Co. | 1.84% | 1.72% | 1.92% | 2.38% | 2.98% | 2.34% | 2.83% | 2.37% | 2.54% | 1.91% | 2.13% | 2.54% |
Financials
AJG vs. JPM - Financials Comparison
This section allows you to compare key financial metrics between Arthur J. Gallagher & Co. and JPMorgan Chase & Co.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
AJG vs. JPM - Profitability Comparison
AJG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Arthur J. Gallagher & Co. reported a gross profit of 1.42B and revenue of 3.63B. Therefore, the gross margin over that period was 39.1%.
JPM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, JPMorgan Chase & Co. reported a gross profit of 47.33B and revenue of 73.66B. Therefore, the gross margin over that period was 64.3%.
AJG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Arthur J. Gallagher & Co. reported an operating income of 341.00M and revenue of 3.63B, resulting in an operating margin of 9.4%.
JPM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, JPMorgan Chase & Co. reported an operating income of 20.48B and revenue of 73.66B, resulting in an operating margin of 27.8%.
AJG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Arthur J. Gallagher & Co. reported a net income of 151.00M and revenue of 3.63B, resulting in a net margin of 4.2%.
JPM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, JPMorgan Chase & Co. reported a net income of 16.49B and revenue of 73.66B, resulting in a net margin of 22.4%.
Frequently Asked Questions
AJG and JPM have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AJG has higher volatility (8.37%) compared to JPM (6.35%). In terms of maximum drawdown, AJG dropped -57.49% vs JPM's -76.16%.
JPM currently has the higher Sharpe Ratio (1.01 vs -1.12), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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