BAC vs. JPM
BAC (Bank of America Corporation) and JPM (JPMorgan Chase & Co.) are both stocks. Both operate in the Banks - Diversified industry within the Financial Services sector. Over the past 10 years, BAC returned 18.54%/yr vs 21.80%/yr for JPM. Their 0.68 correlation means they have sometimes moved together and sometimes differently.
Performance
BAC vs. JPM - Performance Comparison
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Returns By Period
In the year-to-date period, BAC achieves a 13.86% return, which is significantly higher than JPM's 10.73% return. Over the past 10 years, BAC has underperformed JPM with an annualized return of 18.54%, while JPM has yielded a comparatively higher 21.80% annualized return.
BAC
- 1D
- 0.36%
- 1M
- 5.48%
- 6M
- 17.71%
- YTD
- 13.86%
- 1Y
- 38.63%
- 3Y*
- 28.30%
- 5Y*
- 12.79%
- 10Y*
- 18.54%
- ALL TIME*
- 8.33%
JPM
- 1D
- 0.27%
- 1M
- 5.65%
- 6M
- 16.11%
- YTD
- 10.73%
- 1Y
- 23.90%
- 3Y*
- 33.72%
- 5Y*
- 21.31%
- 10Y*
- 21.80%
- ALL TIME*
- 12.44%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.02B | $2.04B | $2.03B | |
| $2.69B | $3.19B | $3.04B |
BAC vs. JPM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BAC Bank of America Corporation | 13.86% | 28.04% | 33.85% | 4.83% | -23.82% | 49.61% | -11.63% | 46.19% | -15.00% | 35.69% |
JPM JPMorgan Chase & Co. | 10.73% | 37.27% | 44.29% | 30.63% | -12.64% | 27.75% | -5.53% | 47.26% | -6.62% | 26.76% |
Correlation
The correlation between BAC and JPM is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.78 |
Correlation (3Y) Balances recent behavior with more history. | 0.74 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.80 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.85 |
Correlation (All Time) Calculated using the full available price history since May 29, 1986 | 0.68 |
The correlation between BAC and JPM shifts across timeframes, from 0.68 (all time) to 0.85 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
BAC:
$439.63B
JPM:
$942.62B
BAC:
$4.50
JPM:
$23.29
BAC:
13.75
JPM:
15.10
BAC:
5.52
JPM:
1.67
BAC:
2.61
JPM:
3.30
BAC:
1.64
JPM:
2.78
BAC:
$177.58B
JPM:
$297.63B
BAC:
$115.79B
JPM:
$186.33B
BAC:
$45.64B
JPM:
$90.84B
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Return for Risk
BAC vs. JPM — Risk / Return Rank
BAC
JPM
BAC vs. JPM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bank of America Corporation (BAC) 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.
| BAC | JPM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.62 | ||
| Sortino ratioReturn per unit of downside risk | +0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.17 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.90 | 1.36 | +0.53 |
| Martin ratioReturn relative to average drawdown | 5.00 | 3.24 | +1.76 |
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Drawdowns
BAC vs. JPM - Drawdown Comparison
The maximum BAC drawdown since its inception was -93.10%, which is greater than JPM's maximum drawdown of -76.16%. Use the drawdown chart below to compare losses from any high point for BAC and JPM.
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Drawdown Indicators
| BAC | JPM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.10% | -76.16% | -16.94% |
Max Drawdown (1Y)Largest decline over 1 year | -17.93% | -15.47% | -2.46% |
Max Drawdown (3Y)Largest decline over 3 years | -27.51% | -24.42% | -3.09% |
Max Drawdown (5Y)Largest decline over 5 years | -46.64% | -38.77% | -7.87% |
Max Drawdown (10Y)Largest decline over 10 years | -48.95% | -43.63% | -5.32% |
Current DrawdownCurrent decline from peak | -1.07% | -1.54% | +0.47% |
Average DrawdownAverage peak-to-trough decline | -28.21% | -17.56% | -10.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.82% | 6.51% | +0.31% |
Volatility
BAC vs. JPM - Volatility Comparison
The current volatility for Bank of America Corporation (BAC) is 5.89%, while JPMorgan Chase & Co. (JPM) has a volatility of 6.60%. This indicates that BAC experiences smaller price fluctuations and is considered to be less risky 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
| BAC | JPM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.89% | 6.60% | -0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 16.31% | 16.70% | -0.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.85% | 22.50% | -0.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.67% | 24.46% | +2.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.46% | 27.33% | +3.13% |
Dividends
BAC vs. JPM - Dividend Comparison
BAC's dividend yield for the trailing twelve months is around 1.81%, more than JPM's 1.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAC Bank of America Corporation | 1.81% | 1.96% | 2.28% | 2.73% | 2.60% | 1.75% | 2.38% | 1.87% | 2.19% | 1.32% | 1.13% | 1.19% |
JPM JPMorgan Chase & Co. | 1.71% | 1.72% | 1.92% | 2.38% | 2.98% | 2.34% | 2.83% | 2.37% | 2.54% | 1.91% | 2.13% | 2.54% |
Financials
BAC vs. JPM - Financials Comparison
This section allows you to compare key financial metrics between Bank of America Corporation 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
BAC vs. JPM - Profitability Comparison
BAC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Bank of America Corporation reported a gross profit of 30.19B and revenue of 49.39B. Therefore, the gross margin over that period was 61.1%.
JPM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, JPMorgan Chase & Co. reported a gross profit of 54.83B and revenue of 82.46B. Therefore, the gross margin over that period was 66.5%.
BAC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Bank of America Corporation reported an operating income of 11.57B and revenue of 49.39B, resulting in an operating margin of 23.4%.
JPM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, JPMorgan Chase & Co. reported an operating income of 27.52B and revenue of 82.46B, resulting in an operating margin of 33.4%.
BAC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Bank of America Corporation reported a net income of 9.07B and revenue of 49.39B, resulting in a net margin of 18.4%.
JPM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, JPMorgan Chase & Co. reported a net income of 21.16B and revenue of 82.46B, resulting in a net margin of 25.7%.
Frequently Asked Questions
BAC and JPM have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JPM has higher volatility (6.60%) compared to BAC (5.89%). In terms of maximum drawdown, BAC dropped -93.10% vs JPM's -76.16%.
BAC currently has the higher Sharpe Ratio (1.56 vs 0.94), 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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