BMO vs. JPM
BMO (Bank of Montreal) 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, BMO returned 14.84%/yr vs 19.77%/yr for JPM. At a 0.46 correlation, their price movements are largely independent.
Performance
BMO vs. JPM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BMO achieves a 27.20% return, which is significantly higher than JPM's -5.73% return. Over the past 10 years, BMO has underperformed JPM with an annualized return of 14.84%, while JPM has yielded a comparatively higher 19.77% annualized return.
BMO
- 1D
- -1.84%
- 1M
- 8.25%
- YTD
- 27.20%
- 6M
- 30.24%
- 1Y
- 56.23%
- 3Y*
- 29.03%
- 5Y*
- 13.96%
- 10Y*
- 14.84%
JPM
- 1D
- -0.04%
- 1M
- -2.21%
- YTD
- -5.73%
- 6M
- -2.68%
- 1Y
- 15.18%
- 3Y*
- 31.87%
- 5Y*
- 15.45%
- 10Y*
- 19.77%
BMO vs. JPM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BMO Bank of Montreal | 27.20% | 39.59% | 2.98% | 15.24% | -12.41% | 48.15% | 3.34% | 23.51% | -15.02% | 16.63% |
JPM JPMorgan Chase & Co. | -5.73% | 37.27% | 44.29% | 30.63% | -12.64% | 27.75% | -5.53% | 47.26% | -6.62% | 26.76% |
Correlation
The correlation between BMO and JPM is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 1994 | 0.46 |
The correlation between BMO and JPM shifts across timeframes, from 0.46 (all time) to 0.59 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
BMO:
$84.15B
JPM:
$840.48B
BMO:
$14.56
JPM:
$21.08
BMO:
11.15
JPM:
14.27
BMO:
0.51
JPM:
1.58
BMO:
1.41
JPM:
2.95
BMO:
1.08
JPM:
2.44
BMO:
$77.05B
JPM:
$285.09B
BMO:
$34.51B
JPM:
$173.52B
BMO:
$14.21B
JPM:
$81.46B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BMO vs. JPM — Risk / Return Rank
BMO
JPM
BMO vs. JPM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bank of Montreal (BMO) 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.
| BMO | JPM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.28 | ||
| Sortino ratioReturn per unit of downside risk | +2.84 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.14 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 4.86 | 0.99 | +3.88 |
| Martin ratioReturn relative to average drawdown | 18.04 | 2.36 | +15.68 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| BMO | JPM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.99 | 0.71 | +2.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.64 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.72 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.34 | +0.24 |
Drawdowns
BMO vs. JPM - Drawdown Comparison
The maximum BMO drawdown since its inception was -68.17%, smaller than the maximum JPM drawdown of -76.16%. Use the drawdown chart below to compare losses from any high point for BMO and JPM.
Loading charts...
Drawdown Indicators
| BMO | JPM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.17% | -76.16% | +7.99% |
Max Drawdown (1Y)Largest decline over 1 year | -11.62% | -15.47% | +3.85% |
Max Drawdown (3Y)Largest decline over 3 years | -18.56% | -24.42% | +5.86% |
Max Drawdown (5Y)Largest decline over 5 years | -33.94% | -38.77% | +4.83% |
Max Drawdown (10Y)Largest decline over 10 years | -50.97% | -43.63% | -7.34% |
Current DrawdownCurrent decline from peak | -1.84% | -9.63% | +7.79% |
Average DrawdownAverage peak-to-trough decline | -11.43% | -17.62% | +6.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 6.46% | -3.33% |
Volatility
BMO vs. JPM - Volatility Comparison
The current volatility for Bank of Montreal (BMO) is 5.56%, while JPMorgan Chase & Co. (JPM) has a volatility of 6.39%. This indicates that BMO 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.
Loading charts...
Volatility by Period
| BMO | JPM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.56% | 6.39% | -0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 15.63% | 17.16% | -1.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.91% | 21.41% | -2.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.33% | 24.41% | -3.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.66% | 27.37% | -3.71% |
Dividends
BMO vs. JPM - Dividend Comparison
BMO's dividend yield for the trailing twelve months is around 2.96%, more than JPM's 1.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BMO Bank of Montreal | 2.96% | 3.55% | 4.60% | 4.76% | 4.62% | 3.95% | 4.15% | 3.96% | 4.78% | 4.45% | 4.73% | 5.74% |
JPM JPMorgan Chase & Co. | 1.96% | 1.72% | 1.92% | 2.38% | 2.98% | 2.34% | 2.83% | 2.37% | 2.54% | 1.91% | 2.13% | 2.54% |
Financials
BMO vs. JPM - Financials Comparison
This section allows you to compare key financial metrics between Bank of Montreal 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
BMO vs. JPM - Profitability Comparison
BMO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Bank of Montreal reported a gross profit of 8.78B and revenue of 19.26B. Therefore, the gross margin over that period was 45.6%.
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%.
BMO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Bank of Montreal reported an operating income of 3.50B and revenue of 19.26B, resulting in an operating margin of 18.2%.
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%.
BMO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Bank of Montreal reported a net income of 2.63B and revenue of 19.26B, resulting in a net margin of 13.6%.
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
BMO and JPM have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JPM has higher volatility (6.39%) compared to BMO (5.56%). In terms of maximum drawdown, BMO dropped -68.17% vs JPM's -76.16%.
BMO currently has the higher Sharpe Ratio (2.99 vs 0.71), 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.
Find the right allocation for BMO and JPM
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer