JNJ vs. ALL

Last updated Jun 9, 2026

JNJ (Johnson & Johnson) and ALL (The Allstate Corporation) are both stocks. JNJ operates in Drug Manufacturers - General (Healthcare), while ALL operates in Insurance - Property & Casualty (Financial Services). Over the past 10 years, JNJ returned 10.06%/yr vs 14.79%/yr for ALL. At a 0.32 correlation, their price movements are largely independent.

Performance

JNJ vs. ALL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Johnson & Johnson (JNJ) and The Allstate Corporation (ALL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JNJ achieves a 13.43% return, which is significantly higher than ALL's 4.37% return. Over the past 10 years, JNJ has underperformed ALL with an annualized return of 10.06%, while ALL has yielded a comparatively higher 14.79% annualized return.

JNJ

• 1D: -0.26%
• 1M: 5.50%
• YTD: 13.43%
• 6M: 16.43%
• 1Y: 53.49%
• 3Y*: 16.56%
• 5Y*: 10.04%
• 10Y*: 10.06%

ALL

• 1D: -2.71%
• 1M: 1.41%
• YTD: 4.37%
• 6M: 8.15%
• 1Y: 5.93%
• 3Y*: 27.04%
• 5Y*: 12.75%
• 10Y*: 14.79%

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

JNJ vs. ALL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JNJ Johnson & Johnson	13.43%	47.48%	-4.81%	-8.58%	5.97%	11.44%	10.82%	16.22%	-5.13%	24.43%
ALL The Allstate Corporation	4.37%	10.09%	40.61%	6.37%	18.37%	9.86%	-0.12%	38.82%	-19.52%	43.64%

Correlation

The correlation between JNJ and ALL is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (5Y) Calculated over the trailing 5-year period	0.27
Correlation (10Y) Calculated over the trailing 10-year period	0.31
Correlation (All Time) Calculated using the full available price history since Jun 3, 1993	0.32

The correlation between JNJ and ALL shifts across timeframes, from 0.21 (1 year) to 0.32 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap JNJ : $567.68B ALL : $56.46B
EPS JNJ : $8.65 ALL : $45.76
PE Ratio JNJ : 26.85 ALL : 4.70
PEG Ratio JNJ : 0.89 ALL : 0.13
PS Ratio JNJ : 5.86 ALL : 0.85
PB Ratio JNJ : 6.99 ALL : 1.91
Total Revenue (TTM) JNJ : $96.36B ALL : $67.14B
Gross Profit (TTM) JNJ : $66.60B ALL : $19.06B
EBITDA (TTM) JNJ : $31.62B ALL : $13.09B

Return for Risk

JNJ vs. ALL — Risk / Return Rank

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

JNJ

JNJ Risk / Return Rank: 95
JNJ Sharpe Ratio Rank: 96
JNJ Sortino Ratio Rank: 97
JNJ Omega Ratio Rank: 95
JNJ Calmar Ratio Rank: 92
JNJ Martin Ratio Rank: 93

ALL

ALL Risk / Return Rank: 49
ALL Sharpe Ratio Rank: 51
ALL Sortino Ratio Rank: 44
ALL Omega Ratio Rank: 43
ALL Calmar Ratio Rank: 54
ALL Martin Ratio Rank: 56

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.

JNJ vs. ALL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Johnson & Johnson (JNJ) and The Allstate Corporation (ALL). 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.

	JNJ	ALL	Difference
Sharpe ratio: Return per unit of total volatility	3.19	0.25	+2.94
Sortino ratio: Return per unit of downside risk	4.65	0.51	+4.14
Omega ratio: Gain probability vs. loss probability	1.57	1.06	+0.51
Calmar ratio: Return relative to maximum drawdown	4.91	0.52	+4.39
Martin ratio: Return relative to average drawdown	14.52	1.33	+13.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JNJ vs. ALL - Sharpe Ratio Comparison

The current JNJ Sharpe Ratio is 3.19, which is higher than the ALL Sharpe Ratio of 0.25. The chart below compares the historical Sharpe Ratios of JNJ and ALL, 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

	JNJ	ALL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.19	0.25	+2.94
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	0.50	+0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	0.60	-0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.37	+0.17

Drawdowns

JNJ vs. ALL - Drawdown Comparison

The maximum JNJ drawdown since its inception was -50.67%, smaller than the maximum ALL drawdown of -77.03%. Use the drawdown chart below to compare losses from any high point for JNJ and ALL.

Drawdown Indicators

	JNJ	ALL	Difference
Max Drawdown Largest peak-to-trough decline	-50.67%	-77.03%	+26.36%
Max Drawdown (1Y) Largest decline over 1 year	-10.96%	-11.48%	+0.52%
Max Drawdown (3Y) Largest decline over 3 years	-15.95%	-14.11%	-1.84%
Max Drawdown (5Y) Largest decline over 5 years	-18.41%	-27.35%	+8.94%
Max Drawdown (10Y) Largest decline over 10 years	-27.37%	-41.39%	+14.02%
Current Drawdown Current decline from peak	-6.06%	-3.75%	-2.31%
Average Drawdown Average peak-to-trough decline	-11.88%	-16.44%	+4.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.70%	4.81%	-1.11%

Volatility

JNJ vs. ALL - Volatility Comparison

The current volatility for Johnson & Johnson (JNJ) is 5.80%, while The Allstate Corporation (ALL) has a volatility of 8.09%. This indicates that JNJ experiences smaller price fluctuations and is considered to be less risky than ALL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JNJ	ALL	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.80%	8.09%	-2.29%
Volatility (6M) Calculated over the trailing 6-month period	12.41%	17.07%	-4.66%
Volatility (1Y) Calculated over the trailing 1-year period	16.87%	23.82%	-6.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.87%	25.44%	-8.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.47%	24.94%	-6.47%

Dividends

JNJ vs. ALL - Dividend Comparison

JNJ's dividend yield for the trailing twelve months is around 2.26%, less than ALL's 2.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ALL The Allstate Corporation	2.40%	1.92%	1.91%	2.54%	2.51%	2.75%	1.96%	1.78%	2.23%	1.41%	1.78%	1.93%
JNJ Johnson & Johnson	2.26%	2.48%	3.40%	3.00%	2.52%	2.45%	2.53%	2.57%	2.74%	2.38%	2.73%	2.87%

Financials

JNJ vs. ALL - Profitability Comparison

The chart below illustrates the profitability comparison between Johnson & Johnson and The Allstate Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

JNJ - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Johnson & Johnson reported a gross profit of 17.20B and revenue of 24.06B. Therefore, the gross margin over that period was 71.5%.

ALL - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Allstate Corporation reported a gross profit of 0.00 and revenue of 16.94B. Therefore, the gross margin over that period was 0.0%.

JNJ - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Johnson & Johnson reported an operating income of 6.40B and revenue of 24.06B, resulting in an operating margin of 26.6%.

ALL - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Allstate Corporation reported an operating income of 0.00 and revenue of 16.94B, resulting in an operating margin of 0.0%.

JNJ - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Johnson & Johnson reported a net income of 5.24B and revenue of 24.06B, resulting in a net margin of 21.8%.

ALL - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Allstate Corporation reported a net income of 2.46B and revenue of 16.94B, resulting in a net margin of 14.5%.

Frequently Asked Questions

Can I hold both JNJ and ALL in my portfolio?

JNJ and ALL have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JNJ or ALL?

ALL has higher volatility (8.09%) compared to JNJ (5.80%). In terms of maximum drawdown, JNJ dropped -50.67% vs ALL's -77.03%.

Which has better risk-adjusted returns?

JNJ currently has the higher Sharpe Ratio (3.19 vs 0.25), 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.