HCA vs. JPM
HCA (HCA Healthcare, Inc.) and JPM (JPMorgan Chase & Co.) are both stocks. HCA operates in Medical Care Facilities (Healthcare), while JPM operates in Banks - Diversified (Financial Services). Over the past 10 years, HCA returned 17.23%/yr vs 20.32%/yr for JPM. At a 0.36 correlation, their price movements are largely independent.
Performance
HCA vs. JPM - Performance Comparison
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Returns By Period
In the year-to-date period, HCA achieves a -22.49% return, which is significantly lower than JPM's -2.52% return. Over the past 10 years, HCA has underperformed JPM with an annualized return of 17.23%, while JPM has yielded a comparatively higher 20.32% annualized return.
HCA
- 1D
- -2.90%
- 1M
- -16.97%
- YTD
- -22.49%
- 6M
- -25.30%
- 1Y
- -5.36%
- 3Y*
- 10.82%
- 5Y*
- 12.59%
- 10Y*
- 17.23%
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%
HCA vs. JPM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HCA HCA Healthcare, Inc. | -22.49% | 56.71% | 11.75% | 13.83% | -5.64% | 57.58% | 12.07% | 20.24% | 43.37% | 18.67% |
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 HCA and JPM is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Mar 11, 2011 | 0.36 |
Over the past year, the correlation between HCA and JPM has dropped to 0.08 - well below their long-term average of 0.36, suggesting their price drivers have been diverging.
Fundamentals
HCA:
$28.46
JPM:
$21.08
HCA:
12.70
JPM:
14.76
HCA:
1.51
JPM:
1.63
HCA:
1.14
JPM:
3.05
HCA:
$75.60B
JPM:
$285.09B
HCA:
$31.37B
JPM:
$173.52B
HCA:
$15.60B
JPM:
$81.46B
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Return for Risk
HCA vs. JPM — Risk / Return Rank
HCA
JPM
HCA vs. JPM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HCA Healthcare, Inc. (HCA) 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.
| HCA | JPM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.10 | ||
| Sortino ratioReturn per unit of downside risk | -1.39 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.17 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.16 | 1.26 | -1.42 |
| Martin ratioReturn relative to average drawdown | -0.51 | 2.98 | -3.50 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HCA | JPM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.20 | 0.90 | -1.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.69 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.74 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.34 | +0.26 |
Drawdowns
HCA vs. JPM - Drawdown Comparison
The maximum HCA drawdown since its inception was -54.74%, smaller than the maximum JPM drawdown of -76.16%. Use the drawdown chart below to compare losses from any high point for HCA and JPM.
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Drawdown Indicators
| HCA | JPM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.74% | -76.16% | +21.42% |
Max Drawdown (1Y)Largest decline over 1 year | -33.62% | -15.47% | -18.15% |
Max Drawdown (3Y)Largest decline over 3 years | -33.62% | -24.42% | -9.20% |
Max Drawdown (5Y)Largest decline over 5 years | -39.49% | -38.77% | -0.72% |
Max Drawdown (10Y)Largest decline over 10 years | -54.74% | -43.63% | -11.11% |
Current DrawdownCurrent decline from peak | -33.62% | -6.55% | -27.07% |
Average DrawdownAverage peak-to-trough decline | -11.03% | -17.62% | +6.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.49% | 6.50% | +3.99% |
Volatility
HCA vs. JPM - Volatility Comparison
HCA Healthcare, Inc. (HCA) has a higher volatility of 7.50% compared to JPMorgan Chase & Co. (JPM) at 6.40%. This indicates that HCA'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
| HCA | JPM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.50% | 6.40% | +1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 21.36% | 17.38% | +3.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.25% | 21.62% | +5.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.85% | 24.45% | +5.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.63% | 27.40% | +5.23% |
Dividends
HCA vs. JPM - Dividend Comparison
HCA's dividend yield for the trailing twelve months is around 0.81%, less than JPM's 1.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HCA HCA Healthcare, Inc. | 0.81% | 0.62% | 0.88% | 0.89% | 0.93% | 0.75% | 0.63% | 1.08% | 1.12% | 0.00% | 0.00% | 0.00% |
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
HCA vs. JPM - Financials Comparison
This section allows you to compare key financial metrics between HCA Healthcare, Inc. 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
HCA vs. JPM - Profitability Comparison
HCA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, HCA Healthcare, Inc. reported a gross profit of 8.18B and revenue of 19.51B. Therefore, the gross margin over that period was 41.9%.
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%.
HCA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, HCA Healthcare, Inc. reported an operating income of 3.18B and revenue of 19.51B, resulting in an operating margin of 16.3%.
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%.
HCA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, HCA Healthcare, Inc. reported a net income of 1.88B and revenue of 19.51B, resulting in a net margin of 9.6%.
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
HCA and JPM have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HCA has higher volatility (7.50%) compared to JPM (6.40%). In terms of maximum drawdown, HCA dropped -54.74% vs JPM's -76.16%.
JPM currently has the higher Sharpe Ratio (0.90 vs -0.20), 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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