NOW vs. JPM

Last updated Jul 21, 2026

NOW (ServiceNow, Inc) and JPM (JPMorgan Chase & Co.) are both stocks. NOW operates in Software - Application (Technology), while JPM operates in Banks - Diversified (Financial Services). Over the past 10 years, NOW returned 21.83%/yr vs 21.27%/yr for JPM. At a 0.25 correlation, their price movements are largely independent.

Performance

NOW vs. JPM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ServiceNow, Inc (NOW) and JPMorgan Chase & Co. (JPM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NOW achieves a -31.65% return, which is significantly lower than JPM's 6.66% return. Both investments have delivered pretty close results over the past 10 years, with NOW having a 21.83% annualized return and JPM not far behind at 21.27%.

NOW

• 1D: 1.41%
• 1M: 10.16%
• 6M: -17.76%
• YTD: -31.65%
• 1Y: -45.66%
• 3Y*: -3.47%
• 5Y*: -1.59%
• 10Y*: 21.83%
• ALL TIME*: 24.61%

JPM

• 1D: -0.65%
• 1M: 4.67%
• 6M: 9.49%
• YTD: 6.66%
• 1Y: 18.57%
• 3Y*: 32.69%
• 5Y*: 20.23%
• 10Y*: 21.27%
• ALL TIME*: 12.35%

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

NOW vs. JPM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NOW ServiceNow, Inc	-31.65%	-27.75%	50.05%	81.96%	-40.18%	17.93%	94.97%	58.56%	36.55%	75.40%
JPM JPMorgan Chase & Co.	6.66%	37.27%	44.29%	30.63%	-12.64%	27.75%	-5.53%	47.26%	-6.62%	26.76%

Correlation

The correlation between NOW and JPM is 0.01, 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	0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.24
Correlation (10Y) Calculated over the trailing 10-year period	0.21
Correlation (All Time) Calculated using the full available price history since Jun 29, 2012	0.25

Over the past year, the correlation between NOW and JPM has dropped to 0.01 - well below their long-term average of 0.25, suggesting their price drivers have been diverging.

Fundamentals

Market Cap NOW : $107.98B JPM : $908.01B
EPS NOW : $1.68 JPM : $23.29
PE Ratio NOW : 62.31 JPM : 14.55
PEG Ratio NOW : 0.53 JPM : 1.61
PS Ratio NOW : 7.84 JPM : 3.18
PB Ratio NOW : 8.02 JPM : 2.68
Total Revenue (TTM) NOW : $13.96B JPM : $297.63B
Gross Profit (TTM) NOW : $10.69B JPM : $186.33B
EBITDA (TTM) NOW : $2.80B JPM : $90.84B

Return for Risk

NOW vs. JPM — Risk / Return Rank

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

NOW

NOW Risk / Return Rank: 11
NOW Sharpe Ratio Rank: 8
NOW Sortino Ratio Rank: 10
NOW Omega Ratio Rank: 11
NOW Calmar Ratio Rank: 14
NOW Martin Ratio Rank: 12

JPM

JPM Risk / Return Rank: 68
JPM Sharpe Ratio Rank: 72
JPM Sortino Ratio Rank: 65
JPM Omega Ratio Rank: 64
JPM Calmar Ratio Rank: 70
JPM Martin Ratio Rank: 70

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.

NOW vs. JPM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ServiceNow, Inc (NOW) 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.

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.

	NOW	JPM	Difference
Sharpe ratio: Return per unit of total volatility	-0.88	0.84	-1.72
Sortino ratio: Return per unit of downside risk	-1.21	1.25	-2.46
Omega ratio: Gain probability vs. loss probability	0.85	1.16	-0.31
Calmar ratio: Return relative to maximum drawdown	-0.78	1.21	-1.99
Martin ratio: Return relative to average drawdown	-1.30	2.85	-4.15

NOW vs. JPM - Sharpe Ratio Comparison

The current NOW Sharpe Ratio is -0.88, which is lower than the JPM Sharpe Ratio of 0.84. The chart below compares the historical Sharpe Ratios of NOW and JPM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NOW vs. JPM - Drawdown Comparison

The maximum NOW drawdown since its inception was -64.54%, smaller than the maximum JPM drawdown of -76.16%. Use the drawdown chart below to compare losses from any high point for NOW and JPM.

Drawdown Indicators

	NOW	JPM	Difference
Max Drawdown Largest peak-to-trough decline	-64.54%	-76.16%	+11.62%
Max Drawdown (1Y) Largest decline over 1 year	-58.34%	-15.47%	-42.87%
Max Drawdown (3Y) Largest decline over 3 years	-64.54%	-24.42%	-40.12%
Max Drawdown (5Y) Largest decline over 5 years	-64.54%	-38.77%	-25.77%
Max Drawdown (10Y) Largest decline over 10 years	-64.54%	-43.63%	-20.91%
Current Drawdown Current decline from peak	-55.27%	-2.32%	-52.95%
Average Drawdown Average peak-to-trough decline	-14.07%	-17.58%	+3.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	35.08%	6.53%	+28.55%

Volatility

NOW vs. JPM - Volatility Comparison

ServiceNow, Inc (NOW) has a higher volatility of 15.76% compared to JPMorgan Chase & Co. (JPM) at 6.42%. This indicates that NOW'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

	NOW	JPM	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.76%	6.42%	+9.34%
Volatility (6M) Calculated over the trailing 6-month period	47.81%	16.66%	+31.15%
Volatility (1Y) Calculated over the trailing 1-year period	52.41%	22.17%	+30.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.04%	24.41%	+19.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.94%	27.31%	+13.63%

Dividends

NOW vs. JPM - Dividend Comparison

NOW has not paid dividends to shareholders, while JPM's dividend yield for the trailing twelve months is around 1.77%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JPM JPMorgan Chase & Co.	1.77%	1.72%	1.92%	2.38%	2.98%	2.34%	2.83%	2.37%	2.54%	1.91%	2.13%	2.54%
NOW ServiceNow, Inc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

NOW vs. JPM - Profitability Comparison

The chart below illustrates the profitability comparison between ServiceNow, Inc and JPMorgan Chase & Co. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

Portfolio components

NOW - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, ServiceNow, Inc reported a gross profit of 2.83B and revenue of 3.77B. Therefore, the gross margin over that period was 75.1%.

JPM - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, JPMorgan Chase & Co. reported a gross profit of 54.83B and revenue of 82.46B. Therefore, the gross margin over that period was 66.5%.

NOW - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, ServiceNow, Inc reported an operating income of 503.00M and revenue of 3.77B, resulting in an operating margin of 13.3%.

JPM - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, JPMorgan Chase & Co. reported an operating income of 27.52B and revenue of 82.46B, resulting in an operating margin of 33.4%.

NOW - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, ServiceNow, Inc reported a net income of 469.00M and revenue of 3.77B, resulting in a net margin of 12.4%.

JPM - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, JPMorgan Chase & Co. reported a net income of 21.16B and revenue of 82.46B, resulting in a net margin of 25.7%.

Frequently Asked Questions

Can I hold both NOW and JPM in my portfolio?

NOW and JPM have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NOW or JPM?

NOW has higher volatility (15.76%) compared to JPM (6.42%). In terms of maximum drawdown, NOW dropped -64.54% vs JPM's -76.16%.

Which has better risk-adjusted returns?

JPM currently has the higher Sharpe Ratio (0.84 vs -0.88), 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.