JPM.NEO vs. RY

Last updated Jun 5, 2026

JPM.NEO (JPMorgan Chase & Co CDR) and RY (Royal Bank of Canada) are both stocks. Both operate in the Banks - Diversified industry within the Financial Services sector. Over the past 3 years, JPM.NEO returned 32.25%/yr vs 34.77%/yr for RY. A 0.52 correlation means they provide meaningful diversification when combined.

Performance

JPM.NEO vs. RY - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in JPMorgan Chase & Co CDR (JPM.NEO) and Royal Bank of Canada (RY). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

JPM.NEO is traded in CAD, while RY is traded in USD. To make them comparable, the RY values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, JPM.NEO achieves a -3.53% return, which is significantly lower than RY's 17.22% return.

JPM.NEO

• 1D: 3.29%
• 1M: -1.36%
• YTD: -3.53%
• 6M: -1.24%
• 1Y: 19.14%
• 3Y*: 32.25%
• 5Y*: —
• 10Y*: —

RY

• 1D: -0.27%
• 1M: 9.22%
• YTD: 17.22%
• 6M: 22.18%
• 1Y: 60.51%
• 3Y*: 34.77%
• 5Y*: 20.92%
• 10Y*: 17.41%

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

JPM.NEO vs. RY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
JPM.NEO JPMorgan Chase & Co CDR	-3.53%	35.25%	43.26%	30.21%	-13.39%	-1.52%
RY Royal Bank of Canada	17.22%	39.58%	34.43%	10.24%	-1.45%	6.83%

Correlation

The correlation between JPM.NEO and RY is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (All Time) Calculated using the full available price history since Dec 2, 2021	0.52

The correlation between JPM.NEO and RY has been stable across timeframes, ranging from 0.49 to 0.52 - a consistent structural relationship.

Fundamentals

Market Cap JPM.NEO : CA$108.48B RY : $199.36B
EPS JPM.NEO : CA$21.21 RY : $18.17
PE Ratio JPM.NEO : 1.88 RY : 10.68
PS Ratio JPM.NEO : 0.61 RY : 1.70
PB Ratio JPM.NEO : 0.30 RY : 1.54
Total Revenue (TTM) JPM.NEO : CA$179.43B RY : $138.99B

Return for Risk

JPM.NEO vs. RY — Risk / Return Rank

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

JPM.NEO

JPM.NEO Risk / Return Rank: 63
JPM.NEO Sharpe Ratio Rank: 68
JPM.NEO Sortino Ratio Rank: 60
JPM.NEO Omega Ratio Rank: 59
JPM.NEO Calmar Ratio Rank: 64
JPM.NEO Martin Ratio Rank: 65

RY

RY Risk / Return Rank: 96
RY Sharpe Ratio Rank: 97
RY Sortino Ratio Rank: 98
RY Omega Ratio Rank: 97
RY Calmar Ratio Rank: 93
RY Martin Ratio Rank: 96

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.

JPM.NEO vs. RY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Chase & Co CDR (JPM.NEO) and Royal Bank of Canada (RY). 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.

	JPM.NEO	RY	Difference
Sharpe ratio: Return per unit of total volatility	0.84	4.38	-3.54
Sortino ratio: Return per unit of downside risk	1.23	6.31	-5.09
Omega ratio: Gain probability vs. loss probability	1.16	1.81	-0.66
Calmar ratio: Return relative to maximum drawdown	1.10	7.47	-6.37
Martin ratio: Return relative to average drawdown	2.63	27.79	-25.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JPM.NEO vs. RY - Sharpe Ratio Comparison

The current JPM.NEO Sharpe Ratio is 0.84, which is lower than the RY Sharpe Ratio of 4.38. The chart below compares the historical Sharpe Ratios of JPM.NEO and RY, 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

	JPM.NEO	RY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.84	4.38	-3.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.40	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.04	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.70	0.92	-0.22

Drawdowns

JPM.NEO vs. RY - Drawdown Comparison

The maximum JPM.NEO drawdown since its inception was -38.14%, which is greater than RY's maximum drawdown of -34.16%. Use the drawdown chart below to compare losses from any high point for JPM.NEO and RY.

Drawdown Indicators

	JPM.NEO	RY	Difference
Max Drawdown Largest peak-to-trough decline	-38.14%	-34.16%	-3.98%
Max Drawdown (1Y) Largest decline over 1 year	-16.26%	-8.14%	-8.12%
Max Drawdown (3Y) Largest decline over 3 years	-24.55%	-15.65%	-8.90%
Max Drawdown (5Y) Largest decline over 5 years	—	-20.60%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.16%	—
Current Drawdown Current decline from peak	-7.43%	-0.27%	-7.16%
Average Drawdown Average peak-to-trough decline	-10.27%	-5.26%	-5.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.80%	2.18%	+4.62%

Volatility

JPM.NEO vs. RY - Volatility Comparison

JPMorgan Chase & Co CDR (JPM.NEO) has a higher volatility of 7.15% compared to Royal Bank of Canada (RY) at 4.31%. This indicates that JPM.NEO's price experiences larger fluctuations and is considered to be riskier than RY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JPM.NEO	RY	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.15%	4.31%	+2.84%
Volatility (6M) Calculated over the trailing 6-month period	17.35%	10.76%	+6.59%
Volatility (1Y) Calculated over the trailing 1-year period	21.36%	13.89%	+7.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.33%	15.04%	+10.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.33%	16.82%	+8.51%

Dividends

JPM.NEO vs. RY - Dividend Comparison

JPM.NEO's dividend yield for the trailing twelve months is around 2.63%, more than RY's 2.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JPM.NEO JPMorgan Chase & Co CDR	2.63%	2.43%	2.65%	3.22%	3.92%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RY Royal Bank of Canada	2.39%	2.54%	3.39%	4.29%	4.07%	3.24%	3.88%	3.88%	4.27%	3.22%	3.95%	5.41%

Financials

Frequently Asked Questions

Can I hold both JPM.NEO and RY in my portfolio?

JPM.NEO and RY have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.