ITUB vs. JPM

Last updated Apr 2, 2026

Compare and contrast key facts about Itaú Unibanco Holding S.A. (ITUB) and JPMorgan Chase & Co. (JPM).

Performance

ITUB vs. JPM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Itaú Unibanco Holding S.A. (ITUB) and JPMorgan Chase & Co. (JPM). The values are adjusted to include any dividend payments, if applicable.

ITUB vs. JPM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ITUB Itaú Unibanco Holding S.A.	19.79%	86.06%	-23.49%	54.53%	30.82%	-6.05%	-30.47%	8.46%	12.68%	30.90%
JPM JPMorgan Chase & Co.	-7.92%	37.27%	44.29%	30.63%	-12.64%	27.75%	-5.53%	47.26%	-6.62%	26.76%

Fundamentals

Market Cap ITUB : $110.37B JPM : $825.20B
EPS ITUB : $3.90 JPM : $20.42
PE Ratio ITUB : 2.18 JPM : 14.47
PEG Ratio ITUB : 0.22 JPM : 1.60
PS Ratio ITUB : 0.29 JPM : 3.22
PB Ratio ITUB : 0.54 JPM : 2.41
Total Revenue (TTM) ITUB : $333.12B JPM : $256.52B
Gross Profit (TTM) ITUB : $98.22B JPM : $168.20B
EBITDA (TTM) ITUB : $52.41B JPM : $78.84B

Returns By Period

In the year-to-date period, ITUB achieves a 19.79% return, which is significantly higher than JPM's -7.92% return. Over the past 10 years, ITUB has underperformed JPM with an annualized return of 18.14%, while JPM has yielded a comparatively higher 20.50% annualized return.

ITUB

• 1D: 1.31%
• 1M: -3.30%
• YTD: 19.79%
• 6M: 30.31%
• 1Y: 73.48%
• 3Y*: 36.00%
• 5Y*: 32.51%
• 10Y*: 18.14%

JPM

• 1D: 0.41%
• 1M: -0.73%
• YTD: -7.92%
• 6M: -4.04%
• 1Y: 23.71%
• 3Y*: 34.51%
• 5Y*: 16.89%
• 10Y*: 20.50%

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

Return for Risk

ITUB vs. JPM — Risk / Return Rank

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

ITUB

ITUB Risk / Return Rank: 91
ITUB Sharpe Ratio Rank: 93
ITUB Sortino Ratio Rank: 91
ITUB Omega Ratio Rank: 89
ITUB Calmar Ratio Rank: 91
ITUB Martin Ratio Rank: 92

JPM

JPM Risk / Return Rank: 68
JPM Sharpe Ratio Rank: 72
JPM Sortino Ratio Rank: 63
JPM Omega Ratio Rank: 65
JPM Calmar Ratio Rank: 70
JPM Martin Ratio Rank: 72

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.

ITUB vs. JPM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Itaú Unibanco Holding S.A. (ITUB) 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.

	ITUB	JPM	Difference
Sharpe ratio Return per unit of total volatility	2.39	0.94	+1.45
Sortino ratio Return per unit of downside risk	2.96	1.34	+1.62
Omega ratio Gain probability vs. loss probability	1.39	1.19	+0.20
Calmar ratio Return relative to maximum drawdown	4.11	1.48	+2.63
Martin ratio Return relative to average drawdown	12.99	4.00	+8.99
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ITUB vs. JPM - Sharpe Ratio Comparison

The current ITUB Sharpe Ratio is 2.39, which is higher than the JPM Sharpe Ratio of 0.94. The chart below compares the historical Sharpe Ratios of ITUB and JPM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ITUB	JPM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.39	0.94	+1.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.96	0.70	+0.27
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.47	0.75	-0.28
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.34	+0.01

Correlation

The correlation between ITUB and JPM is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

ITUB vs. JPM - Dividend Comparison

ITUB's dividend yield for the trailing twelve months is around 7.49%, more than JPM's 1.96% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ITUB Itaú Unibanco Holding S.A.	7.49%	11.26%	9.20%	3.61%	4.21%	29.81%	4.80%	8.21%	6.93%	3.35%	15.63%	3.89%
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%

Drawdowns

ITUB vs. JPM - Drawdown Comparison

The maximum ITUB drawdown since its inception was -69.35%, smaller than the maximum JPM drawdown of -76.16%. Use the drawdown chart below to compare losses from any high point for ITUB and JPM.

Drawdown Indicators

	ITUB	JPM	Difference
Max Drawdown Largest peak-to-trough decline	-69.35%	-76.16%	+6.81%
Max Drawdown (1Y) Largest decline over 1 year	-18.02%	-15.47%	-2.55%
Max Drawdown (5Y) Largest decline over 5 years	-31.59%	-38.77%	+7.18%
Max Drawdown (10Y) Largest decline over 10 years	-61.96%	-43.63%	-18.33%
Current Drawdown Current decline from peak	-10.45%	-11.72%	+1.27%
Average Drawdown Average peak-to-trough decline	-21.09%	-17.66%	-3.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.70%	5.72%	-0.02%

Volatility

ITUB vs. JPM - Volatility Comparison

Itaú Unibanco Holding S.A. (ITUB) has a higher volatility of 12.73% compared to JPMorgan Chase & Co. (JPM) at 6.28%. This indicates that ITUB'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

	ITUB	JPM	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.73%	6.28%	+6.45%
Volatility (6M) Calculated over the trailing 6-month period	23.79%	17.19%	+6.60%
Volatility (1Y) Calculated over the trailing 1-year period	30.88%	25.24%	+5.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.95%	24.34%	+9.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.84%	27.38%	+11.46%

Financials

ITUB vs. JPM - Profitability Comparison

The chart below illustrates the profitability comparison between Itaú Unibanco Holding S.A. and JPMorgan Chase & Co. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

ITUB - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Itaú Unibanco Holding S.A. reported a gross profit of 0.00 and revenue of 100.37B. 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 Apr 2026, JPMorgan Chase & Co. reported a gross profit of 41.14B and revenue of 45.80B. Therefore, the gross margin over that period was 89.8%.

ITUB - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Itaú Unibanco Holding S.A. reported an operating income of 10.61B and revenue of 100.37B, resulting in an operating margin of 10.6%.

JPM - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, JPMorgan Chase & Co. reported an operating income of 17.16B and revenue of 45.80B, resulting in an operating margin of 37.5%.

ITUB - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Itaú Unibanco Holding S.A. reported a net income of 12.09B and revenue of 100.37B, resulting in a net margin of 12.0%.

JPM - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, JPMorgan Chase & Co. reported a net income of 13.03B and revenue of 45.80B, resulting in a net margin of 28.4%.