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 21.02%/yr vs 15.70%/yr for SPGI. At a 0.43 correlation, their price movements are largely independent.
Performance
JPM vs. SPGI - 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 SPGI's -19.47% return. Over the past 10 years, JPM has outperformed SPGI with an annualized return of 21.02%, while SPGI has yielded a comparatively lower 15.70% 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%
SPGI
- 1D
- 1.35%
- 1M
- 3.28%
- YTD
- -19.47%
- 6M
- -16.00%
- 1Y
- -16.50%
- 3Y*
- 3.19%
- 5Y*
- 2.16%
- 10Y*
- 15.70%
JPM vs. SPGI - 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% |
SPGI S&P Global Inc. | -19.47% | 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 2, 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:
$896.00B
SPGI:
$124.67B
JPM:
$21.08
SPGI:
$15.79
JPM:
15.21
SPGI:
26.53
JPM:
1.68
SPGI:
3.47
JPM:
3.14
SPGI:
8.06
JPM:
2.60
SPGI:
3.98
JPM:
$285.09B
SPGI:
$15.73B
JPM:
$173.52B
SPGI:
$8.15B
JPM:
$81.46B
SPGI:
$7.83B
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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.
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 | SPGI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.61 | ||
| Sortino ratioReturn per unit of downside risk | +2.06 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 0.91 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.42 | -0.54 | +1.96 |
| Martin ratioReturn relative to average drawdown | 3.36 | -1.03 | +4.38 |
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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.
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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 | -3.66% | -25.12% | +21.46% |
Average DrawdownAverage peak-to-trough decline | -17.62% | -15.23% | -2.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.54% | 16.07% | -9.53% |
Volatility
JPM vs. SPGI - Volatility Comparison
The current volatility for JPMorgan Chase & Co. (JPM) is 6.35%, while S&P Global Inc. (SPGI) has a volatility of 7.62%. 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.
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Volatility by Period
| JPM | SPGI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.35% | 7.62% | -1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 16.67% | 24.13% | -7.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.76% | 27.63% | -5.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.46% | 24.51% | -0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.39% | 26.03% | +1.36% |
Dividends
JPM vs. SPGI - Dividend Comparison
JPM's dividend yield for the trailing twelve months is around 1.84%, more than SPGI's 0.92% yield.
| 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% |
SPGI S&P Global Inc. | 0.92% | 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 (7.62%) compared to JPM (6.35%). In terms of maximum drawdown, JPM dropped -76.16% vs SPGI's -74.67%.
JPM currently has the higher Sharpe Ratio (1.01 vs -0.60), 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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