FBP vs. JPM

Last updated Jun 4, 2026

FBP (First BanCorp.) and JPM (JPMorgan Chase & Co.) are both stocks. Both are in the Financial Services sector — FBP in Banks - Regional, JPM in Banks - Diversified. Over the past 10 years, FBP returned 21.52%/yr vs 19.77%/yr for JPM. At a 0.38 correlation, their price movements are largely independent.

Performance

FBP vs. JPM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First BanCorp. (FBP) 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, FBP achieves a 16.13% return, which is significantly higher than JPM's -5.73% return. Over the past 10 years, FBP has outperformed JPM with an annualized return of 21.52%, while JPM has yielded a comparatively lower 19.77% annualized return.

FBP

• 1D: -1.42%
• 1M: -0.18%
• YTD: 16.13%
• 6M: 18.88%
• 1Y: 21.52%
• 3Y*: 28.56%
• 5Y*: 17.07%
• 10Y*: 21.52%

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%

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

FBP vs. JPM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FBP First BanCorp.	16.13%	15.48%	16.91%	34.81%	-4.71%	53.12%	-10.36%	24.84%	69.19%	-22.84%
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 FBP 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	0.56
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 Feb 26, 1992	0.38

The correlation between FBP and JPM shifts across timeframes, from 0.38 (all time) to 0.59 (10 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap FBP : $3.69B JPM : $840.48B
EPS FBP : $2.24 JPM : $21.08
PE Ratio FBP : 10.54 JPM : 14.27
PEG Ratio FBP : 0.79 JPM : 1.58
PS Ratio FBP : 3.02 JPM : 2.95
PB Ratio FBP : 1.88 JPM : 2.44
Total Revenue (TTM) FBP : $1.25B JPM : $285.09B
Gross Profit (TTM) FBP : $918.60M JPM : $173.52B
EBITDA (TTM) FBP : $441.41M JPM : $81.46B

Return for Risk

FBP vs. JPM — Risk / Return Rank

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

FBP

FBP Risk / Return Rank: 66
FBP Sharpe Ratio Rank: 68
FBP Sortino Ratio Rank: 61
FBP Omega Ratio Rank: 60
FBP Calmar Ratio Rank: 70
FBP Martin Ratio Rank: 70

JPM

JPM Risk / Return Rank: 59
JPM Sharpe Ratio Rank: 63
JPM Sortino Ratio Rank: 55
JPM Omega Ratio Rank: 54
JPM Calmar Ratio Rank: 61
JPM Martin Ratio Rank: 62

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.

FBP vs. JPM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First BanCorp. (FBP) 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.

	FBP	JPM	Difference
Sharpe ratio Return per unit of total volatility	0.86	0.71	+0.15
Sortino ratio Return per unit of downside risk	1.33	1.06	+0.27
Omega ratio Gain probability vs. loss probability	1.17	1.14	+0.03
Calmar ratio Return relative to maximum drawdown	1.56	0.99	+0.58
Martin ratio Return relative to average drawdown	3.77	2.36	+1.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FBP vs. JPM - Sharpe Ratio Comparison

The current FBP Sharpe Ratio is 0.86, which is comparable to the JPM Sharpe Ratio of 0.71. The chart below compares the historical Sharpe Ratios of FBP 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

	FBP	JPM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.86	0.71	+0.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	0.64	-0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	0.72	-0.18
Sharpe Ratio (All Time) Calculated using the full available price history	0.11	0.34	-0.23

Drawdowns

FBP vs. JPM - Drawdown Comparison

The maximum FBP drawdown since its inception was -99.51%, which is greater than JPM's maximum drawdown of -76.16%. Use the drawdown chart below to compare losses from any high point for FBP and JPM.

Drawdown Indicators

	FBP	JPM	Difference
Max Drawdown Largest peak-to-trough decline	-99.51%	-76.16%	-23.35%
Max Drawdown (1Y) Largest decline over 1 year	-13.83%	-15.47%	+1.64%
Max Drawdown (3Y) Largest decline over 3 years	-22.87%	-24.42%	+1.55%
Max Drawdown (5Y) Largest decline over 5 years	-32.38%	-38.77%	+6.39%
Max Drawdown (10Y) Largest decline over 10 years	-67.82%	-43.63%	-24.19%
Current Drawdown Current decline from peak	-93.02%	-9.63%	-83.39%
Average Drawdown Average peak-to-trough decline	-59.89%	-17.62%	-42.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.73%	6.46%	-0.73%

Volatility

FBP vs. JPM - Volatility Comparison

The current volatility for First BanCorp. (FBP) is 5.25%, while JPMorgan Chase & Co. (JPM) has a volatility of 6.39%. This indicates that FBP 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.

Volatility by Period

	FBP	JPM	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.25%	6.39%	-1.14%
Volatility (6M) Calculated over the trailing 6-month period	18.11%	17.16%	+0.95%
Volatility (1Y) Calculated over the trailing 1-year period	25.06%	21.41%	+3.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.18%	24.41%	+7.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.46%	27.37%	+12.09%

Dividends

FBP vs. JPM - Dividend Comparison

FBP's dividend yield for the trailing twelve months is around 3.21%, more than JPM's 1.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FBP First BanCorp.	3.21%	3.47%	3.44%	3.40%	3.62%	2.25%	2.17%	1.32%	0.35%	0.00%	0.00%	0.00%
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

FBP vs. JPM - Profitability Comparison

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

FBP - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, First BanCorp. reported a gross profit of 242.31M and revenue of 318.47M. Therefore, the gross margin over that period was 76.1%.

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%.

FBP - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, First BanCorp. reported an operating income of 114.26M and revenue of 318.47M, resulting in an operating margin of 35.9%.

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%.

FBP - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, First BanCorp. reported a net income of 88.78M and revenue of 318.47M, resulting in a net margin of 27.9%.

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 FBP and JPM in my portfolio?

FBP 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.

Which is riskier, FBP or JPM?

JPM has higher volatility (6.39%) compared to FBP (5.25%). In terms of maximum drawdown, FBP dropped -99.51% vs JPM's -76.16%.

Which has better risk-adjusted returns?

FBP currently has the higher Sharpe Ratio (0.86 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.