JEF vs. JPM
JEF (Jefferies Financial Group Inc.) and JPM (JPMorgan Chase & Co.) are both stocks. Both are in the Financial Services sector — JEF in Financial Conglomerates, JPM in Banks - Diversified. Over the past 10 years, JEF returned 16.88%/yr vs 21.80%/yr for JPM. Their 0.43 correlation means their historical movements had little consistent relationship.
Performance
JEF vs. JPM - Performance Comparison
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Returns By Period
In the year-to-date period, JEF achieves a -10.55% return, which is significantly lower than JPM's 10.73% return. Over the past 10 years, JEF has underperformed JPM with an annualized return of 16.88%, while JPM has yielded a comparatively higher 21.80% annualized return.
JEF
- 1D
- -0.89%
- 1M
- 3.76%
- 6M
- -9.39%
- YTD
- -10.55%
- 1Y
- 0.54%
- 3Y*
- 18.00%
- 5Y*
- 14.88%
- 10Y*
- 16.88%
- ALL TIME*
- 14.59%
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) |
|---|---|---|---|
| $108.68M | $99.02M | $118.23M | |
| $2.69B | $3.19B | $3.04B |
JEF vs. JPM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JEF Jefferies Financial Group Inc. | -10.55% | -18.78% | 98.84% | 27.74% | -8.46% | 61.95% | 19.00% | 44.18% | -33.15% | 15.42% |
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 JEF and JPM is 0.45, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.45 |
Correlation (3Y) Balances recent behavior with more history. | 0.53 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.61 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.64 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 1987 | 0.43 |
The correlation between JEF and JPM shifts across timeframes, from 0.43 (all time) to 0.64 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
JEF:
$11.11B
JPM:
$942.62B
JEF:
$5.09
JPM:
$23.29
JEF:
10.73
JPM:
15.10
JEF:
0.77
JPM:
1.67
JEF:
0.77
JPM:
3.30
JEF:
$11.85B
JPM:
$297.63B
JEF:
$6.99B
JPM:
$186.33B
JEF:
$1.30B
JPM:
$90.84B
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Return for Risk
JEF vs. JPM — Risk / Return Rank
JEF
JPM
JEF vs. JPM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Jefferies Financial Group Inc. (JEF) 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.
| JEF | JPM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.00 | ||
| Sortino ratioReturn per unit of downside risk | -1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.17 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 1.36 | -1.42 |
| Martin ratioReturn relative to average drawdown | -0.11 | 3.24 | -3.35 |
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Drawdowns
JEF vs. JPM - Drawdown Comparison
The maximum JEF drawdown since its inception was -80.74%, which is greater than JPM's maximum drawdown of -76.16%. Use the drawdown chart below to compare losses from any high point for JEF and JPM.
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Drawdown Indicators
| JEF | JPM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.74% | -76.16% | -4.58% |
Max Drawdown (1Y)Largest decline over 1 year | -48.05% | -15.47% | -32.58% |
Max Drawdown (3Y)Largest decline over 3 years | -54.39% | -24.42% | -29.97% |
Max Drawdown (5Y)Largest decline over 5 years | -54.39% | -38.77% | -15.62% |
Max Drawdown (10Y)Largest decline over 10 years | -54.39% | -43.63% | -10.76% |
Current DrawdownCurrent decline from peak | -30.32% | -1.54% | -28.78% |
Average DrawdownAverage peak-to-trough decline | -25.55% | -17.56% | -7.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.66% | 6.51% | +16.15% |
Volatility
JEF vs. JPM - Volatility Comparison
Jefferies Financial Group Inc. (JEF) has a higher volatility of 11.77% compared to JPMorgan Chase & Co. (JPM) at 6.60%. This indicates that JEF'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
| JEF | JPM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.77% | 6.60% | +5.17% |
Volatility (6M)Calculated over the trailing 6-month period | 33.88% | 16.70% | +17.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.58% | 22.50% | +21.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.25% | 24.46% | +11.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.21% | 27.33% | +7.88% |
Dividends
JEF vs. JPM - Dividend Comparison
JEF's dividend yield for the trailing twelve months is around 2.93%, more than JPM's 1.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JEF Jefferies Financial Group Inc. | 2.93% | 2.58% | 1.66% | 2.97% | 3.50% | 2.32% | 2.44% | 8.07% | 2.59% | 1.23% | 1.08% | 1.44% |
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
JEF vs. JPM - Financials Comparison
This section allows you to compare key financial metrics between Jefferies Financial Group 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
JEF vs. JPM - Profitability Comparison
JEF - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Jefferies Financial Group Inc. reported a gross profit of 1.86B and revenue of 3.12B. Therefore, the gross margin over that period was 59.5%.
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%.
JEF - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Jefferies Financial Group Inc. reported an operating income of -1.19B and revenue of 3.12B, resulting in an operating margin of -38.1%.
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%.
JEF - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Jefferies Financial Group Inc. reported a net income of 206.96M and revenue of 3.12B, resulting in a net margin of 6.6%.
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
JEF and JPM have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JEF has higher volatility (11.77%) compared to JPM (6.60%). In terms of maximum drawdown, JEF dropped -80.74% vs JPM's -76.16%.
JPM currently has the higher Sharpe Ratio (0.94 vs -0.06), 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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