JXN vs. BMA

Last updated Jun 3, 2026

JXN (Jackson Financial Inc.) and BMA (Banco Macro S.A.) are both stocks. Both are in the Financial Services sector — JXN in Asset Management, BMA in Banks - Regional. Over the past 3 years, JXN returned 58.94%/yr vs 85.19%/yr for BMA. At a 0.28 correlation, their price movements are largely independent.

Performance

JXN vs. BMA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Jackson Financial Inc. (JXN) and Banco Macro S.A. (BMA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JXN achieves a 0.70% return, which is significantly lower than BMA's 1.99% return.

JXN

• 1D: 1.80%
• 1M: -6.76%
• YTD: 0.70%
• 6M: 11.07%
• 1Y: 33.36%
• 3Y*: 58.94%
• 5Y*: —
• 10Y*: —

BMA

• 1D: -2.23%
• 1M: 31.03%
• YTD: 1.99%
• 6M: 11.70%
• 1Y: 15.62%
• 3Y*: 85.19%
• 5Y*: 49.00%
• 10Y*: 7.69%

*Multi-year figures are annualized to reflect compound growth (CAGR)

JXN vs. BMA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
JXN Jackson Financial Inc.	0.70%	26.93%	76.45%	57.22%	-11.54%	34.86%
BMA Banco Macro S.A.	1.99%	-3.55%	277.79%	91.62%	27.04%	-23.80%

Correlation

The correlation between JXN and BMA is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (All Time) Calculated using the full available price history since Sep 2, 2021	0.28

Fundamentals

EPS JXN : -$7.23 BMA : $5.81K
PS Ratio JXN : 0.96 BMA : 0.00
Total Revenue (TTM) JXN : $5.86B BMA : $4.76T
Gross Profit (TTM) JXN : $5.39B BMA : $2.84T
EBITDA (TTM) JXN : -$22.00M BMA : $751.84B

Return for Risk

JXN vs. BMA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JXN

JXN Risk / Return Rank: 70
JXN Sharpe Ratio Rank: 72
JXN Sortino Ratio Rank: 65
JXN Omega Ratio Rank: 64
JXN Calmar Ratio Rank: 75
JXN Martin Ratio Rank: 75

BMA

BMA Risk / Return Rank: 48
BMA Sharpe Ratio Rank: 48
BMA Sortino Ratio Rank: 52
BMA Omega Ratio Rank: 51
BMA Calmar Ratio Rank: 46
BMA Martin Ratio Rank: 46

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JXN vs. BMA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Jackson Financial Inc. (JXN) and Banco Macro S.A. (BMA). 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.

	JXN	BMA	Difference
Sharpe ratio Return per unit of total volatility	1.05	0.21	+0.84
Sortino ratio Return per unit of downside risk	1.52	0.96	+0.56
Omega ratio Gain probability vs. loss probability	1.19	1.12	+0.07
Calmar ratio Return relative to maximum drawdown	2.12	0.25	+1.87
Martin ratio Return relative to average drawdown	4.99	0.54	+4.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JXN vs. BMA - Sharpe Ratio Comparison

The current JXN Sharpe Ratio is 1.05, which is higher than the BMA Sharpe Ratio of 0.21. The chart below compares the historical Sharpe Ratios of JXN and BMA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JXN	BMA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.05	0.21	+0.84
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.83	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.12	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.81	0.20	+0.61

Drawdowns

JXN vs. BMA - Drawdown Comparison

The maximum JXN drawdown since its inception was -48.34%, smaller than the maximum BMA drawdown of -91.66%. Use the drawdown chart below to compare losses from any high point for JXN and BMA.

Drawdown Indicators

	JXN	BMA	Difference
Max Drawdown Largest peak-to-trough decline	-48.34%	-91.66%	+43.32%
Max Drawdown (1Y) Largest decline over 1 year	-16.31%	-51.10%	+34.79%
Max Drawdown (3Y) Largest decline over 3 years	-37.09%	-65.40%	+28.31%
Max Drawdown (5Y) Largest decline over 5 years	—	-65.40%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-91.66%	—
Current Drawdown Current decline from peak	-12.12%	-17.84%	+5.72%
Average Drawdown Average peak-to-trough decline	-15.11%	-44.86%	+29.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.92%	23.34%	-16.42%

Volatility

JXN vs. BMA - Volatility Comparison

The current volatility for Jackson Financial Inc. (JXN) is 11.53%, while Banco Macro S.A. (BMA) has a volatility of 18.30%. This indicates that JXN experiences smaller price fluctuations and is considered to be less risky than BMA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JXN	BMA	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.53%	18.30%	-6.77%
Volatility (6M) Calculated over the trailing 6-month period	23.24%	38.41%	-15.17%
Volatility (1Y) Calculated over the trailing 1-year period	31.83%	73.91%	-42.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.07%	59.43%	-15.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.07%	62.26%	-18.19%

Dividends

JXN vs. BMA - Dividend Comparison

JXN's dividend yield for the trailing twelve months is around 3.10%, less than BMA's 5.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BMA Banco Macro S.A.	5.38%	2.38%	6.10%	7.75%	7.28%	0.00%	0.00%	6.20%	5.05%	0.65%	1.53%
JXN Jackson Financial Inc.	3.10%	3.00%	3.22%	4.84%	6.32%	1.20%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

JXN vs. BMA - Profitability Comparison

The chart below illustrates the profitability comparison between Jackson Financial Inc. and Banco Macro S.A. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

JXN - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Jackson Financial Inc. reported a gross profit of 0.00 and revenue of 2.90B. Therefore, the gross margin over that period was 0.0%.

BMA - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Banco Macro S.A. reported a gross profit of 1.17T and revenue of 1.91T. Therefore, the gross margin over that period was 61.1%.

JXN - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Jackson Financial Inc. reported an operating income of 0.00 and revenue of 2.90B, resulting in an operating margin of 0.0%.

BMA - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Banco Macro S.A. reported an operating income of 212.69B and revenue of 1.91T, resulting in an operating margin of 11.2%.

JXN - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Jackson Financial Inc. reported a net income of -435.00M and revenue of 2.90B, resulting in a net margin of -15.0%.

BMA - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Banco Macro S.A. reported a net income of 140.24B and revenue of 1.91T, resulting in a net margin of 7.4%.

Frequently Asked Questions

Can I hold both JXN and BMA in my portfolio?

JXN and BMA have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JXN or BMA?

BMA has higher volatility (18.30%) compared to JXN (11.53%). In terms of maximum drawdown, JXN dropped -48.34% vs BMA's -91.66%.

Which has better risk-adjusted returns?

JXN currently has the higher Sharpe Ratio (1.05 vs 0.21), 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.