ALL vs. JPM

Last updated Jun 9, 2026

ALL (The Allstate Corporation) and JPM (JPMorgan Chase & Co.) are both stocks. Both are in the Financial Services sector — ALL in Insurance - Property & Casualty, JPM in Banks - Diversified. Over the past 10 years, ALL returned 14.79%/yr vs 20.32%/yr for JPM. At a 0.47 correlation, their price movements are largely independent.

Performance

ALL vs. JPM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The Allstate Corporation (ALL) and JPMorgan Chase & Co. (JPM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ALL achieves a 4.37% return, which is significantly higher than JPM's -2.52% return. Over the past 10 years, ALL has underperformed JPM with an annualized return of 14.79%, while JPM has yielded a comparatively higher 20.32% annualized return.

ALL

• 1D: -2.71%
• 1M: 1.41%
• YTD: 4.37%
• 6M: 8.15%
• 1Y: 5.93%
• 3Y*: 27.04%
• 5Y*: 12.75%
• 10Y*: 14.79%

JPM

• 1D: -0.40%
• 1M: 2.98%
• YTD: -2.52%
• 6M: -0.35%
• 1Y: 19.35%
• 3Y*: 33.18%
• 5Y*: 16.72%
• 10Y*: 20.32%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ALL vs. JPM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ALL The Allstate Corporation	4.37%	10.09%	40.61%	6.37%	18.37%	9.86%	-0.12%	38.82%	-19.52%	43.64%
JPM JPMorgan Chase & Co.	-2.52%	37.27%	44.29%	30.63%	-12.64%	27.75%	-5.53%	47.26%	-6.62%	26.76%

Correlation

The correlation between ALL 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	0.31
Correlation (5Y) Calculated over the trailing 5-year period	0.42
Correlation (10Y) Calculated over the trailing 10-year period	0.47
Correlation (All Time) Calculated using the full available price history since Jun 3, 1993	0.47

Over the past year, the correlation between ALL and JPM has dropped to 0.16 - well below their long-term average of 0.47, suggesting their price drivers have been diverging.

Fundamentals

Market Cap ALL : $56.46B JPM : $869.15B
EPS ALL : $45.76 JPM : $21.08
PE Ratio ALL : 4.70 JPM : 14.76
PEG Ratio ALL : 0.13 JPM : 1.63
PS Ratio ALL : 0.85 JPM : 3.05
PB Ratio ALL : 1.91 JPM : 2.53
Total Revenue (TTM) ALL : $67.14B JPM : $285.09B
Gross Profit (TTM) ALL : $19.06B JPM : $173.52B
EBITDA (TTM) ALL : $13.09B JPM : $81.46B

Return for Risk

ALL vs. JPM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ALL

ALL Risk / Return Rank: 49
ALL Sharpe Ratio Rank: 51
ALL Sortino Ratio Rank: 44
ALL Omega Ratio Rank: 43
ALL Calmar Ratio Rank: 54
ALL Martin Ratio Rank: 56

JPM

JPM Risk / Return Rank: 66
JPM Sharpe Ratio Rank: 70
JPM Sortino Ratio Rank: 62
JPM Omega Ratio Rank: 62
JPM Calmar Ratio Rank: 66
JPM Martin Ratio Rank: 67

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ALL vs. JPM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Allstate Corporation (ALL) 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.

	ALL	JPM	Difference
Sharpe ratio: Return per unit of total volatility	0.25	0.90	-0.65
Sortino ratio: Return per unit of downside risk	0.51	1.30	-0.79
Omega ratio: Gain probability vs. loss probability	1.06	1.17	-0.11
Calmar ratio: Return relative to maximum drawdown	0.52	1.26	-0.74
Martin ratio: Return relative to average drawdown	1.33	2.98	-1.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ALL vs. JPM - Sharpe Ratio Comparison

The current ALL Sharpe Ratio is 0.25, which is lower than the JPM Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of ALL and JPM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ALL	JPM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.25	0.90	-0.65
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	0.69	-0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	0.74	-0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	0.34	+0.03

Drawdowns

ALL vs. JPM - Drawdown Comparison

The maximum ALL drawdown since its inception was -77.03%, roughly equal to the maximum JPM drawdown of -76.16%. Use the drawdown chart below to compare losses from any high point for ALL and JPM.

Drawdown Indicators

	ALL	JPM	Difference
Max Drawdown Largest peak-to-trough decline	-77.03%	-76.16%	-0.87%
Max Drawdown (1Y) Largest decline over 1 year	-11.48%	-15.47%	+3.99%
Max Drawdown (3Y) Largest decline over 3 years	-14.11%	-24.42%	+10.31%
Max Drawdown (5Y) Largest decline over 5 years	-27.35%	-38.77%	+11.42%
Max Drawdown (10Y) Largest decline over 10 years	-41.39%	-43.63%	+2.24%
Current Drawdown Current decline from peak	-3.75%	-6.55%	+2.80%
Average Drawdown Average peak-to-trough decline	-16.44%	-17.62%	+1.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.81%	6.50%	-1.69%

Volatility

ALL vs. JPM - Volatility Comparison

The Allstate Corporation (ALL) has a higher volatility of 8.09% compared to JPMorgan Chase & Co. (JPM) at 6.40%. This indicates that ALL'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.

Volatility by Period

	ALL	JPM	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.09%	6.40%	+1.69%
Volatility (6M) Calculated over the trailing 6-month period	17.07%	17.38%	-0.31%
Volatility (1Y) Calculated over the trailing 1-year period	23.82%	21.62%	+2.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.44%	24.45%	+0.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.94%	27.40%	-2.46%

Dividends

ALL vs. JPM - Dividend Comparison

ALL's dividend yield for the trailing twelve months is around 2.40%, more than JPM's 1.90% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ALL The Allstate Corporation	2.40%	1.92%	1.91%	2.54%	2.51%	2.75%	1.96%	1.78%	2.23%	1.41%	1.78%	1.93%
JPM JPMorgan Chase & Co.	1.90%	1.72%	1.92%	2.38%	2.98%	2.34%	2.83%	2.37%	2.54%	1.91%	2.13%	2.54%

Financials

ALL vs. JPM - Profitability Comparison

The chart below illustrates the profitability comparison between The Allstate Corporation and JPMorgan Chase & Co. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

ALL - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Allstate Corporation reported a gross profit of 0.00 and revenue of 16.94B. Therefore, the gross margin over that period was 0.0%.

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%.

ALL - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Allstate Corporation reported an operating income of 0.00 and revenue of 16.94B, resulting in an operating margin of 0.0%.

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%.

ALL - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Allstate Corporation reported a net income of 2.46B and revenue of 16.94B, resulting in a net margin of 14.5%.

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

Can I hold both ALL and JPM in my portfolio?

ALL 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.

Which is riskier, ALL or JPM?

ALL has higher volatility (8.09%) compared to JPM (6.40%). In terms of maximum drawdown, ALL dropped -77.03% vs JPM's -76.16%.

Which has better risk-adjusted returns?

JPM currently has the higher Sharpe Ratio (0.90 vs 0.25), 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.