JPM vs. SPGI
JPM (JPMorgan Chase & Co.) and SPGI (S&P Global Inc.) are both stocks. Both are in the Financial Services sector — JPM in Banks - Diversified, SPGI in Financial Data & Stock Exchanges. Over the past 10 years, JPM returned 20.32%/yr vs 15.58%/yr for SPGI. At a 0.43 correlation, their price movements are largely independent.
Performance
JPM vs. SPGI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, JPM achieves a -2.52% return, which is significantly higher than SPGI's -19.82% return. Over the past 10 years, JPM has outperformed SPGI with an annualized return of 20.32%, while SPGI has yielded a comparatively lower 15.58% annualized return.
JPM
- 1D
- -0.40%
- 1M
- 2.98%
- YTD
- -2.52%
- 6M
- -0.35%
- 1Y
- 19.35%
- 3Y*
- 33.18%
- 5Y*
- 16.72%
- 10Y*
- 20.32%
SPGI
- 1D
- -1.73%
- 1M
- -0.49%
- YTD
- -19.82%
- 6M
- -14.85%
- 1Y
- -19.02%
- 3Y*
- 3.63%
- 5Y*
- 2.49%
- 10Y*
- 15.58%
JPM vs. SPGI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JPM JPMorgan Chase & Co. | -2.52% | 37.27% | 44.29% | 30.63% | -12.64% | 27.75% | -5.53% | 47.26% | -6.62% | 26.76% |
SPGI S&P Global Inc. | -19.82% | 5.71% | 13.94% | 32.79% | -28.38% | 44.68% | 21.40% | 62.27% | 1.37% | 59.32% |
Correlation
The correlation between JPM and SPGI is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2001 | 0.43 |
The correlation between JPM and SPGI shifts across timeframes, from 0.28 (1 year) to 0.43 (all time), reflecting how their relationship changes across market environments.
Fundamentals
JPM:
$869.15B
SPGI:
$124.13B
JPM:
$21.08
SPGI:
$15.79
JPM:
14.76
SPGI:
26.42
JPM:
1.63
SPGI:
3.45
JPM:
3.05
SPGI:
8.02
JPM:
2.53
SPGI:
3.97
JPM:
$285.09B
SPGI:
$15.73B
JPM:
$173.52B
SPGI:
$8.15B
JPM:
$81.46B
SPGI:
$7.83B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
JPM vs. SPGI — Risk / Return Rank
JPM
SPGI
JPM vs. SPGI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Chase & Co. (JPM) and S&P Global Inc. (SPGI). 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 | SPGI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.60 | ||
| Sortino ratioReturn per unit of downside risk | +2.07 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 0.89 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.26 | -0.63 | +1.88 |
| Martin ratioReturn relative to average drawdown | 2.98 | -1.21 | +4.19 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| JPM | SPGI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.90 | -0.70 | +1.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.10 | +0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.74 | 0.60 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.45 | -0.11 |
Drawdowns
JPM vs. SPGI - Drawdown Comparison
The maximum JPM drawdown since its inception was -76.16%, roughly equal to the maximum SPGI drawdown of -74.67%. Use the drawdown chart below to compare losses from any high point for JPM and SPGI.
Loading charts...
Drawdown Indicators
| JPM | SPGI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.16% | -74.67% | -1.49% |
Max Drawdown (1Y)Largest decline over 1 year | -15.47% | -30.48% | +15.01% |
Max Drawdown (3Y)Largest decline over 3 years | -24.42% | -30.48% | +6.06% |
Max Drawdown (5Y)Largest decline over 5 years | -38.77% | -39.76% | +0.99% |
Max Drawdown (10Y)Largest decline over 10 years | -43.63% | -39.76% | -3.87% |
Current DrawdownCurrent decline from peak | -6.55% | -25.45% | +18.90% |
Average DrawdownAverage peak-to-trough decline | -17.62% | -15.22% | -2.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.50% | 15.77% | -9.27% |
Volatility
JPM vs. SPGI - Volatility Comparison
The current volatility for JPMorgan Chase & Co. (JPM) is 6.40%, while S&P Global Inc. (SPGI) has a volatility of 8.15%. This indicates that JPM experiences smaller price fluctuations and is considered to be less risky than SPGI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| JPM | SPGI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.40% | 8.15% | -1.75% |
Volatility (6M)Calculated over the trailing 6-month period | 17.38% | 23.85% | -6.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.62% | 27.42% | -5.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.45% | 24.47% | -0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.40% | 26.03% | +1.37% |
Dividends
JPM vs. SPGI - Dividend Comparison
JPM's dividend yield for the trailing twelve months is around 1.90%, more than SPGI's 0.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPM JPMorgan Chase & Co. | 1.90% | 1.72% | 1.92% | 2.38% | 2.98% | 2.34% | 2.83% | 2.37% | 2.54% | 1.91% | 2.13% | 2.54% |
SPGI S&P Global Inc. | 0.93% | 0.73% | 0.73% | 0.82% | 0.99% | 0.65% | 0.82% | 0.84% | 1.18% | 0.97% | 1.34% | 1.34% |
Financials
JPM vs. SPGI - Financials Comparison
This section allows you to compare key financial metrics between JPMorgan Chase & Co. and S&P Global 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
JPM vs. SPGI - 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%.
SPGI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, S&P Global Inc. reported a gross profit of 0.00 and revenue of 4.17B. Therefore, the gross margin over that period was 0.0%.
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%.
SPGI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, S&P Global Inc. reported an operating income of 2.00B and revenue of 4.17B, resulting in an operating margin of 48.0%.
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%.
SPGI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, S&P Global Inc. reported a net income of 1.40B and revenue of 4.17B, resulting in a net margin of 33.5%.
Frequently Asked Questions
JPM and SPGI have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPGI has higher volatility (8.15%) compared to JPM (6.40%). In terms of maximum drawdown, JPM dropped -76.16% vs SPGI's -74.67%.
JPM currently has the higher Sharpe Ratio (0.90 vs -0.70), 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.
Find the right allocation for JPM and SPGI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer