JPM vs. SHOP
JPM (JPMorgan Chase & Co.) and SHOP (Shopify Inc.) are both stocks. JPM operates in Banks - Diversified (Financial Services), while SHOP operates in Software - Application (Technology). Over the past 10 years, JPM returned 21.02%/yr vs 43.59%/yr for SHOP. At a 0.24 correlation, their price movements are largely independent.
Performance
JPM vs. SHOP - Performance Comparison
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Returns By Period
In the year-to-date period, JPM achieves a 0.50% return, which is significantly higher than SHOP's -32.76% return. Over the past 10 years, JPM has underperformed SHOP with an annualized return of 21.02%, while SHOP has yielded a comparatively higher 43.59% 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%
SHOP
- 1D
- -2.02%
- 1M
- 13.46%
- YTD
- -32.76%
- 6M
- -34.08%
- 1Y
- -0.89%
- 3Y*
- 19.24%
- 5Y*
- -2.79%
- 10Y*
- 43.59%
JPM vs. SHOP - 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% |
SHOP Shopify Inc. | -32.76% | 51.39% | 36.50% | 124.43% | -74.80% | 21.68% | 184.71% | 187.17% | 37.08% | 135.60% |
Correlation
The correlation between JPM and SHOP is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since May 21, 2015 | 0.24 |
The correlation between JPM and SHOP shifts across timeframes, from 0.23 (10 years) to 0.34 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
JPM:
$896.00B
SHOP:
$141.08B
JPM:
$21.08
SHOP:
$1.02
JPM:
15.21
SHOP:
106.25
JPM:
1.68
SHOP:
0.20
JPM:
3.14
SHOP:
15.39
JPM:
2.60
SHOP:
11.29
JPM:
$285.09B
SHOP:
$9.20B
JPM:
$173.52B
SHOP:
$5.93B
JPM:
$81.46B
SHOP:
$1.60B
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Return for Risk
JPM vs. SHOP — Risk / Return Rank
JPM
SHOP
JPM vs. SHOP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Chase & Co. (JPM) and Shopify Inc. (SHOP). 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 | SHOP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.03 | ||
| Sortino ratioReturn per unit of downside risk | +1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.05 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.42 | -0.02 | +1.44 |
| Martin ratioReturn relative to average drawdown | 3.36 | -0.04 | +3.40 |
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Drawdowns
JPM vs. SHOP - Drawdown Comparison
The maximum JPM drawdown since its inception was -76.16%, smaller than the maximum SHOP drawdown of -84.82%. Use the drawdown chart below to compare losses from any high point for JPM and SHOP.
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Drawdown Indicators
| JPM | SHOP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.16% | -84.82% | +8.66% |
Max Drawdown (1Y)Largest decline over 1 year | -15.47% | -46.71% | +31.24% |
Max Drawdown (3Y)Largest decline over 3 years | -24.42% | -46.71% | +22.29% |
Max Drawdown (5Y)Largest decline over 5 years | -38.77% | -84.82% | +46.05% |
Max Drawdown (10Y)Largest decline over 10 years | -43.63% | -84.82% | +41.19% |
Current DrawdownCurrent decline from peak | -3.66% | -39.53% | +35.87% |
Average DrawdownAverage peak-to-trough decline | -17.62% | -28.23% | +10.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.54% | 22.27% | -15.73% |
Volatility
JPM vs. SHOP - Volatility Comparison
The current volatility for JPMorgan Chase & Co. (JPM) is 6.35%, while Shopify Inc. (SHOP) has a volatility of 15.38%. This indicates that JPM experiences smaller price fluctuations and is considered to be less risky than SHOP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPM | SHOP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.35% | 15.38% | -9.03% |
Volatility (6M)Calculated over the trailing 6-month period | 16.67% | 43.41% | -26.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.76% | 57.03% | -35.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.46% | 65.55% | -41.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.39% | 59.07% | -31.68% |
Dividends
JPM vs. SHOP - Dividend Comparison
JPM's dividend yield for the trailing twelve months is around 1.84%, while SHOP has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SHOP Shopify Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
JPM vs. SHOP - Financials Comparison
This section allows you to compare key financial metrics between JPMorgan Chase & Co. and Shopify Inc.. 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
Frequently Asked Questions
JPM and SHOP have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHOP has higher volatility (15.38%) compared to JPM (6.35%). In terms of maximum drawdown, JPM dropped -76.16% vs SHOP's -84.82%.
JPM currently has the higher Sharpe Ratio (1.01 vs -0.02), 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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