KSPI vs. JPM

Last updated Apr 1, 2026

Compare and contrast key facts about Joint Stock Company Kaspi.kz (KSPI) and JPMorgan Chase & Co. (JPM).

Performance

KSPI vs. JPM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Joint Stock Company Kaspi.kz (KSPI) and JPMorgan Chase & Co. (JPM). The values are adjusted to include any dividend payments, if applicable.

KSPI vs. JPM - Yearly Performance Comparison

	2026 (YTD)	2025	2024
KSPI Joint Stock Company Kaspi.kz	-5.20%	-17.51%	8.53%
JPM JPMorgan Chase & Co.	-8.30%	37.27%	43.23%

Fundamentals

Market Cap KSPI : $14.07B JPM : $821.79B
EPS KSPI : $5.53K JPM : $20.42
PE Ratio KSPI : 0.01 JPM : 14.41
PEG Ratio KSPI : 0.00 JPM : 1.59
PS Ratio KSPI : 0.00 JPM : 3.20
PB Ratio KSPI : 0.01 JPM : 2.40
Total Revenue (TTM) KSPI : $4.01T JPM : $256.52B
Gross Profit (TTM) KSPI : $2.69T JPM : $168.20B
EBITDA (TTM) KSPI : $1.56T JPM : $78.84B

Returns By Period

In the year-to-date period, KSPI achieves a -5.20% return, which is significantly higher than JPM's -8.30% return.

KSPI

• 1D: 2.56%
• 1M: 4.93%
• YTD: -5.20%
• 6M: -9.32%
• 1Y: -20.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JPM

• 1D: 3.66%
• 1M: -2.04%
• YTD: -8.30%
• 6M: -5.87%
• 1Y: 22.38%
• 3Y*: 34.32%
• 5Y*: 16.79%
• 10Y*: 20.45%

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

Return for Risk

KSPI vs. JPM — Risk / Return Rank

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

KSPI

KSPI Risk / Return Rank: 18
KSPI Sharpe Ratio Rank: 18
KSPI Sortino Ratio Rank: 17
KSPI Omega Ratio Rank: 19
KSPI Calmar Ratio Rank: 16
KSPI Martin Ratio Rank: 19

JPM

JPM Risk / Return Rank: 70
JPM Sharpe Ratio Rank: 73
JPM Sortino Ratio Rank: 64
JPM Omega Ratio Rank: 65
JPM Calmar Ratio Rank: 73
JPM Martin Ratio Rank: 74

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.

KSPI vs. JPM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Joint Stock Company Kaspi.kz (KSPI) and JPMorgan Chase & Co. (JPM). 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.

	KSPI	JPM	Difference
Sharpe ratio Return per unit of total volatility	-0.53	0.89	-1.42
Sortino ratio Return per unit of downside risk	-0.60	1.28	-1.88
Omega ratio Gain probability vs. loss probability	0.93	1.18	-0.25
Calmar ratio Return relative to maximum drawdown	-0.72	1.53	-2.24
Martin ratio Return relative to average drawdown	-1.20	4.16	-5.36
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KSPI vs. JPM - Sharpe Ratio Comparison

The current KSPI Sharpe Ratio is -0.53, which is lower than the JPM Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of KSPI and JPM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	KSPI	JPM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.53	0.89	-1.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.69	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.75	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.19	0.34	-0.52

Correlation

The correlation between KSPI and JPM is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

KSPI vs. JPM - Dividend Comparison

KSPI has not paid dividends to shareholders, while JPM's dividend yield for the trailing twelve months is around 1.97%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KSPI Joint Stock Company Kaspi.kz	0.00%	0.00%	11.56%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
JPM JPMorgan Chase & Co.	1.97%	1.72%	1.92%	2.38%	2.98%	2.34%	2.83%	2.37%	2.54%	1.91%	2.13%	2.54%

Drawdowns

KSPI vs. JPM - Drawdown Comparison

The maximum KSPI drawdown since its inception was -48.05%, smaller than the maximum JPM drawdown of -76.16%. Use the drawdown chart below to compare losses from any high point for KSPI and JPM.

Drawdown Indicators

	KSPI	JPM	Difference
Max Drawdown Largest peak-to-trough decline	-48.05%	-76.16%	+28.11%
Max Drawdown (1Y) Largest decline over 1 year	-29.55%	-15.47%	-14.08%
Max Drawdown (5Y) Largest decline over 5 years	—	-38.77%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-43.63%	—
Current Drawdown Current decline from peak	-44.10%	-12.09%	-32.01%
Average Drawdown Average peak-to-trough decline	-25.06%	-17.66%	-7.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.70%	5.67%	+12.03%

Volatility

KSPI vs. JPM - Volatility Comparison

Joint Stock Company Kaspi.kz (KSPI) has a higher volatility of 11.35% compared to JPMorgan Chase & Co. (JPM) at 6.34%. This indicates that KSPI's price experiences larger fluctuations and is considered to be riskier than JPM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KSPI	JPM	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.35%	6.34%	+5.01%
Volatility (6M) Calculated over the trailing 6-month period	23.47%	17.19%	+6.28%
Volatility (1Y) Calculated over the trailing 1-year period	38.62%	25.25%	+13.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.75%	24.34%	+14.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.75%	27.38%	+11.37%

Financials

KSPI vs. JPM - Profitability Comparison

The chart below illustrates the profitability comparison between Joint Stock Company Kaspi.kz and JPMorgan Chase & Co. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

KSPI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Joint Stock Company Kaspi.kz reported a gross profit of 819.91B and revenue of 1.11T. Therefore, the gross margin over that period was 73.9%.

JPM - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, JPMorgan Chase & Co. reported a gross profit of 41.14B and revenue of 45.80B. Therefore, the gross margin over that period was 89.8%.

KSPI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Joint Stock Company Kaspi.kz reported an operating income of 344.41B and revenue of 1.11T, resulting in an operating margin of 31.1%.

JPM - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, JPMorgan Chase & Co. reported an operating income of 17.16B and revenue of 45.80B, resulting in an operating margin of 37.5%.

KSPI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Joint Stock Company Kaspi.kz reported a net income of 267.97B and revenue of 1.11T, resulting in a net margin of 24.2%.

JPM - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, JPMorgan Chase & Co. reported a net income of 13.03B and revenue of 45.80B, resulting in a net margin of 28.4%.