NOC vs. JPM
NOC (Northrop Grumman Corporation) and JPM (JPMorgan Chase & Co.) are both stocks. NOC operates in Aerospace & Defense (Industrials), while JPM operates in Banks - Diversified (Financial Services). Over the past 10 years, NOC returned 11.47%/yr vs 20.14%/yr for JPM. At a 0.28 correlation, their price movements are largely independent.
Performance
NOC vs. JPM - Performance Comparison
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Returns By Period
In the year-to-date period, NOC achieves a -3.80% return, which is significantly lower than JPM's -2.12% return. Over the past 10 years, NOC has underperformed JPM with an annualized return of 11.47%, while JPM has yielded a comparatively higher 20.14% annualized return.
NOC
- 1D
- -0.14%
- 1M
- -2.29%
- YTD
- -3.80%
- 6M
- -0.08%
- 1Y
- 13.28%
- 3Y*
- 8.49%
- 5Y*
- 9.35%
- 10Y*
- 11.47%
JPM
- 1D
- 0.48%
- 1M
- -0.80%
- YTD
- -2.12%
- 6M
- 0.11%
- 1Y
- 21.57%
- 3Y*
- 33.89%
- 5Y*
- 16.32%
- 10Y*
- 20.14%
NOC vs. JPM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NOC Northrop Grumman Corporation | -3.80% | 23.61% | 1.93% | -12.79% | 43.02% | 29.29% | -9.92% | 42.69% | -18.95% | 33.88% |
JPM JPMorgan Chase & Co. | -2.12% | 37.27% | 44.29% | 30.63% | -12.64% | 27.75% | -5.53% | 47.26% | -6.62% | 26.76% |
Correlation
The correlation between NOC and JPM is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 1984 | 0.28 |
The correlation between NOC and JPM shifts across timeframes, from 0.14 (1 year) to 0.28 (all time), reflecting how their relationship changes across market environments.
Fundamentals
NOC:
$77.58B
JPM:
$872.67B
NOC:
$31.95
JPM:
$21.08
NOC:
17.04
JPM:
14.82
NOC:
2.51
JPM:
1.64
NOC:
1.84
JPM:
3.06
NOC:
4.53
JPM:
2.54
NOC:
$42.37B
JPM:
$285.09B
NOC:
$8.69B
JPM:
$173.52B
NOC:
$7.50B
JPM:
$81.46B
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Return for Risk
NOC vs. JPM — Risk / Return Rank
NOC
JPM
NOC vs. JPM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northrop Grumman Corporation (NOC) 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.
| NOC | JPM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.18 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.43 | 1.40 | -0.97 |
| Martin ratioReturn relative to average drawdown | 1.15 | 3.33 | -2.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NOC | JPM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.50 | 1.00 | -0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.67 | -0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.74 | -0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.34 | +0.11 |
Drawdowns
NOC vs. JPM - Drawdown Comparison
The maximum NOC drawdown since its inception was -71.12%, smaller than the maximum JPM drawdown of -76.16%. Use the drawdown chart below to compare losses from any high point for NOC and JPM.
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Drawdown Indicators
| NOC | JPM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.12% | -76.16% | +5.04% |
Max Drawdown (1Y)Largest decline over 1 year | -31.20% | -15.47% | -15.73% |
Max Drawdown (3Y)Largest decline over 3 years | -31.20% | -24.42% | -6.78% |
Max Drawdown (5Y)Largest decline over 5 years | -31.20% | -38.77% | +7.57% |
Max Drawdown (10Y)Largest decline over 10 years | -36.38% | -43.63% | +7.25% |
Current DrawdownCurrent decline from peak | -28.80% | -6.17% | -22.63% |
Average DrawdownAverage peak-to-trough decline | -18.40% | -17.62% | -0.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.57% | 6.49% | +5.08% |
Volatility
NOC vs. JPM - Volatility Comparison
Northrop Grumman Corporation (NOC) and JPMorgan Chase & Co. (JPM) have volatilities of 7.31% and 7.00%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NOC | JPM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.31% | 7.00% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 21.12% | 17.42% | +3.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.43% | 21.64% | +4.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.26% | 24.44% | +0.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.41% | 27.39% | -1.98% |
Dividends
NOC vs. JPM - Dividend Comparison
NOC's dividend yield for the trailing twelve months is around 1.73%, less than JPM's 1.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPM JPMorgan Chase & Co. | 1.89% | 1.72% | 1.92% | 2.38% | 2.98% | 2.34% | 2.83% | 2.37% | 2.54% | 1.91% | 2.13% | 2.54% |
NOC Northrop Grumman Corporation | 1.73% | 1.58% | 1.72% | 1.57% | 1.24% | 1.59% | 1.86% | 1.50% | 1.92% | 1.27% | 1.50% | 1.64% |
Financials
NOC vs. JPM - Financials Comparison
This section allows you to compare key financial metrics between Northrop Grumman Corporation and JPMorgan Chase & Co.. 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
NOC vs. JPM - Profitability Comparison
NOC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Northrop Grumman Corporation reported a gross profit of 1.96B and revenue of 9.88B. Therefore, the gross margin over that period was 19.8%.
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%.
NOC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Northrop Grumman Corporation reported an operating income of 989.00M and revenue of 9.88B, resulting in an operating margin of 10.0%.
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%.
NOC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Northrop Grumman Corporation reported a net income of 875.00M and revenue of 9.88B, resulting in a net margin of 8.9%.
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%.
Frequently Asked Questions
NOC and JPM have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NOC has higher volatility (7.31%) compared to JPM (7.00%). In terms of maximum drawdown, NOC dropped -71.12% vs JPM's -76.16%.
JPM currently has the higher Sharpe Ratio (1.00 vs 0.50), 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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