JPM vs. WMT
JPM (JPMorgan Chase & Co.) and WMT (Walmart Inc.) are both stocks. JPM operates in Banks - Diversified (Financial Services), while WMT operates in Discount Stores (Consumer Defensive). Over the past 10 years, JPM returned 21.02%/yr vs 19.77%/yr for WMT. At a 0.32 correlation, their price movements are largely independent.
Performance
JPM vs. WMT - 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 WMT's 9.07% return. Over the past 10 years, JPM has outperformed WMT with an annualized return of 21.02%, while WMT has yielded a comparatively lower 19.77% 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%
WMT
- 1D
- 0.45%
- 1M
- -7.93%
- YTD
- 9.07%
- 6M
- 4.13%
- 1Y
- 28.71%
- 3Y*
- 34.18%
- 5Y*
- 22.42%
- 10Y*
- 19.77%
JPM vs. WMT - 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% |
WMT Walmart Inc. | 9.07% | 24.49% | 73.99% | 12.88% | -0.46% | 1.97% | 23.32% | 30.16% | -3.43% | 46.56% |
Correlation
The correlation between JPM and WMT is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Dec 30, 1983 | 0.32 |
Over the past year, the correlation between JPM and WMT has dropped to 0.02 - well below their long-term average of 0.32, suggesting their price drivers have been diverging.
Fundamentals
JPM:
$896.00B
WMT:
$968.20B
JPM:
$21.08
WMT:
$2.88
JPM:
15.21
WMT:
42.04
JPM:
1.68
WMT:
2.75
JPM:
3.14
WMT:
1.34
JPM:
2.60
WMT:
10.26
JPM:
$285.09B
WMT:
$725.31B
JPM:
$173.52B
WMT:
$181.16B
JPM:
$81.46B
WMT:
$44.32B
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Return for Risk
JPM vs. WMT — Risk / Return Rank
JPM
WMT
JPM vs. WMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Chase & Co. (JPM) and Walmart Inc. (WMT). 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 | WMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.23 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.42 | 1.83 | -0.41 |
| Martin ratioReturn relative to average drawdown | 3.36 | 5.82 | -2.47 |
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Drawdowns
JPM vs. WMT - Drawdown Comparison
The maximum JPM drawdown since its inception was -76.16%, roughly equal to the maximum WMT drawdown of -77.14%. Use the drawdown chart below to compare losses from any high point for JPM and WMT.
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Drawdown Indicators
| JPM | WMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.16% | -77.14% | +0.98% |
Max Drawdown (1Y)Largest decline over 1 year | -15.47% | -15.75% | +0.28% |
Max Drawdown (3Y)Largest decline over 3 years | -24.42% | -21.93% | -2.49% |
Max Drawdown (5Y)Largest decline over 5 years | -38.77% | -25.74% | -13.03% |
Max Drawdown (10Y)Largest decline over 10 years | -43.63% | -25.74% | -17.89% |
Current DrawdownCurrent decline from peak | -3.66% | -9.81% | +6.15% |
Average DrawdownAverage peak-to-trough decline | -17.62% | -14.63% | -2.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.54% | 4.94% | +1.60% |
Volatility
JPM vs. WMT - Volatility Comparison
The current volatility for JPMorgan Chase & Co. (JPM) is 6.35%, while Walmart Inc. (WMT) has a volatility of 9.86%. This indicates that JPM experiences smaller price fluctuations and is considered to be less risky than WMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPM | WMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.35% | 9.86% | -3.51% |
Volatility (6M)Calculated over the trailing 6-month period | 16.67% | 18.49% | -1.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.76% | 23.67% | -1.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.46% | 21.68% | +2.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.39% | 21.73% | +5.66% |
Dividends
JPM vs. WMT - Dividend Comparison
JPM's dividend yield for the trailing twelve months is around 1.84%, more than WMT's 0.80% 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% |
WMT Walmart Inc. | 0.80% | 0.84% | 0.92% | 1.45% | 1.58% | 1.52% | 1.50% | 1.78% | 2.23% | 2.07% | 2.89% | 3.20% |
Financials
JPM vs. WMT - Financials Comparison
This section allows you to compare key financial metrics between JPMorgan Chase & Co. and Walmart 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. WMT - 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%.
WMT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Walmart Inc. reported a gross profit of 44.69B and revenue of 177.75B. Therefore, the gross margin over that period was 25.1%.
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%.
WMT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Walmart Inc. reported an operating income of 7.49B and revenue of 177.75B, resulting in an operating margin of 4.2%.
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%.
WMT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Walmart Inc. reported a net income of 5.65B and revenue of 177.75B, resulting in a net margin of 3.2%.
Frequently Asked Questions
JPM and WMT have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WMT has higher volatility (9.86%) compared to JPM (6.35%). In terms of maximum drawdown, JPM dropped -76.16% vs WMT's -77.14%.
WMT currently has the higher Sharpe Ratio (1.22 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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