JPM vs. BAC
JPM (JPMorgan Chase & Co.) and BAC (Bank of America Corporation) are both stocks. Both operate in the Banks - Diversified industry within the Financial Services sector. Over the past 10 years, JPM returned 21.02%/yr vs 18.19%/yr for BAC. A 0.68 correlation means they provide meaningful diversification when combined.
Performance
JPM vs. BAC - Performance Comparison
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Returns By Period
In the year-to-date period, JPM achieves a 0.50% return, which is significantly lower than BAC's 3.72% return. Over the past 10 years, JPM has outperformed BAC with an annualized return of 21.02%, while BAC has yielded a comparatively lower 18.19% annualized return.
JPM
- 1D
- 2.31%
- 1M
- 6.82%
- YTD
- 0.50%
- 6M
- 1.66%
- 1Y
- 21.89%
- 3Y*
- 34.22%
- 5Y*
- 17.82%
- 10Y*
- 21.02%
BAC
- 1D
- 2.31%
- 1M
- 13.82%
- YTD
- 3.72%
- 6M
- 3.46%
- 1Y
- 29.23%
- 3Y*
- 27.43%
- 5Y*
- 8.79%
- 10Y*
- 18.19%
JPM vs. BAC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JPM JPMorgan Chase & Co. | 0.50% | 37.27% | 44.29% | 30.63% | -12.64% | 27.75% | -5.53% | 47.26% | -6.62% | 26.76% |
BAC Bank of America Corporation | 3.72% | 28.04% | 33.85% | 4.83% | -23.82% | 49.61% | -11.63% | 46.19% | -15.00% | 35.69% |
Correlation
The correlation between JPM and BAC is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since May 29, 1986 | 0.68 |
The correlation between JPM and BAC shifts across timeframes, from 0.68 (all time) to 0.84 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
JPM:
$896.00B
BAC:
$415.53B
JPM:
$21.08
BAC:
$4.19
JPM:
15.21
BAC:
13.36
JPM:
1.68
BAC:
5.36
JPM:
3.14
BAC:
2.42
JPM:
2.60
BAC:
1.51
JPM:
$285.09B
BAC:
$174.85B
JPM:
$173.52B
BAC:
$110.47B
JPM:
$81.46B
BAC:
$41.74B
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Return for Risk
JPM vs. BAC — Risk / Return Rank
JPM
BAC
JPM vs. BAC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Chase & Co. (JPM) and Bank of America Corporation (BAC). 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.
| JPM | BAC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.24 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.42 | 1.64 | -0.22 |
| Martin ratioReturn relative to average drawdown | 3.36 | 4.21 | -0.86 |
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Drawdowns
JPM vs. BAC - Drawdown Comparison
The maximum JPM drawdown since its inception was -76.16%, smaller than the maximum BAC drawdown of -93.10%. Use the drawdown chart below to compare losses from any high point for JPM and BAC.
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Drawdown Indicators
| JPM | BAC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.16% | -93.10% | +16.94% |
Max Drawdown (1Y)Largest decline over 1 year | -15.47% | -17.93% | +2.46% |
Max Drawdown (3Y)Largest decline over 3 years | -24.42% | -27.51% | +3.09% |
Max Drawdown (5Y)Largest decline over 5 years | -38.77% | -46.64% | +7.87% |
Max Drawdown (10Y)Largest decline over 10 years | -43.63% | -48.95% | +5.32% |
Current DrawdownCurrent decline from peak | -3.66% | -0.36% | -3.30% |
Average DrawdownAverage peak-to-trough decline | -17.62% | -28.30% | +10.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.54% | 6.96% | -0.42% |
Volatility
JPM vs. BAC - Volatility Comparison
JPMorgan Chase & Co. (JPM) has a higher volatility of 6.35% compared to Bank of America Corporation (BAC) at 5.49%. This indicates that JPM's price experiences larger fluctuations and is considered to be riskier than BAC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPM | BAC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.35% | 5.49% | +0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 16.67% | 16.57% | +0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.76% | 21.62% | +0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.46% | 26.89% | -2.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.39% | 30.68% | -3.29% |
Dividends
JPM vs. BAC - Dividend Comparison
JPM's dividend yield for the trailing twelve months is around 1.84%, less than BAC's 2.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAC Bank of America Corporation | 2.72% | 1.96% | 2.28% | 2.73% | 2.60% | 1.75% | 2.38% | 1.87% | 2.19% | 1.32% | 1.13% | 1.19% |
JPM JPMorgan Chase & Co. | 1.84% | 1.72% | 1.92% | 2.38% | 2.98% | 2.34% | 2.83% | 2.37% | 2.54% | 1.91% | 2.13% | 2.54% |
Financials
JPM vs. BAC - Financials Comparison
This section allows you to compare key financial metrics between JPMorgan Chase & Co. and Bank of America Corporation. 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
JPM vs. BAC - Profitability Comparison
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%.
BAC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Bank of America Corporation reported a gross profit of 28.94B and revenue of 30.27B. Therefore, the gross margin over that period was 95.6%.
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%.
BAC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Bank of America Corporation reported an operating income of 10.40B and revenue of 30.27B, resulting in an operating margin of 34.4%.
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%.
BAC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Bank of America Corporation reported a net income of 8.58B and revenue of 30.27B, resulting in a net margin of 28.4%.
Frequently Asked Questions
JPM and BAC have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JPM has higher volatility (6.35%) compared to BAC (5.49%). In terms of maximum drawdown, JPM dropped -76.16% vs BAC's -93.10%.
BAC currently has the higher Sharpe Ratio (1.36 vs 1.01), 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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