RY vs. JPM
RY (Royal Bank of Canada) and JPM (JPMorgan Chase & Co.) are both stocks. Both operate in the Banks - Diversified industry within the Financial Services sector. Over the past 10 years, RY returned 17.68%/yr vs 21.93%/yr for JPM. Their 0.48 correlation means their historical movements had little consistent relationship.
Performance
RY vs. JPM - Performance Comparison
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Returns By Period
In the year-to-date period, RY achieves a 27.07% return, which is significantly higher than JPM's 12.46% return. Over the past 10 years, RY has underperformed JPM with an annualized return of 17.68%, while JPM has yielded a comparatively higher 21.93% annualized return.
RY
- 1D
- 1.37%
- 1M
- 5.33%
- 6M
- 27.41%
- YTD
- 27.07%
- 1Y
- 67.33%
- 3Y*
- 33.94%
- 5Y*
- 20.14%
- 10Y*
- 17.68%
- ALL TIME*
- 15.97%
JPM
- 1D
- 0.31%
- 1M
- 9.08%
- 6M
- 20.13%
- YTD
- 12.46%
- 1Y
- 22.08%
- 3Y*
- 34.49%
- 5Y*
- 21.49%
- 10Y*
- 21.93%
- ALL TIME*
- 12.48%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.02B | $3.31B | $3.03B | |
| $334.22M | $320.51M | $295.63M |
RY vs. JPM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RY Royal Bank of Canada | 27.07% | 46.29% | 23.80% | 12.72% | -8.00% | 34.11% | 8.42% | 20.17% | -12.88% | 24.95% |
JPM JPMorgan Chase & Co. | 12.46% | 37.27% | 44.29% | 30.63% | -12.64% | 27.75% | -5.53% | 47.26% | -6.62% | 26.76% |
Correlation
The correlation between RY and JPM is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.53 |
Correlation (3Y) Balances recent behavior with more history. | 0.52 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.59 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.58 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 1995 | 0.48 |
The correlation between RY and JPM shifts across timeframes, from 0.48 (all time) to 0.59 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
RY:
$295.16B
JPM:
$957.42B
RY:
CA$18.17
JPM:
$23.29
RY:
16.50
JPM:
15.34
RY:
2.39
JPM:
1.69
RY:
2.63
JPM:
3.35
RY:
2.38
JPM:
2.82
RY:
CA$138.99B
JPM:
$297.63B
RY:
CA$65.64B
JPM:
$186.33B
RY:
CA$30.01B
JPM:
$90.84B
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Return for Risk
RY vs. JPM — Risk / Return Rank
RY
JPM
RY vs. JPM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Royal Bank of Canada (RY) 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.
| RY | JPM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.36 | ||
| Sortino ratioReturn per unit of downside risk | +4.55 | ||
| Omega ratioGain probability vs. loss probability | 1.76 | 1.18 | +0.57 |
| Calmar ratioReturn relative to maximum drawdown | 6.74 | 1.43 | +5.31 |
| Martin ratioReturn relative to average drawdown | 24.94 | 3.39 | +21.55 |
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Drawdowns
RY vs. JPM - Drawdown Comparison
The maximum RY drawdown since its inception was -62.90%, smaller than the maximum JPM drawdown of -76.16%. Use the drawdown chart below to compare losses from any high point for RY and JPM.
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Drawdown Indicators
| RY | JPM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.90% | -76.16% | +13.26% |
Max Drawdown (1Y)Largest decline over 1 year | -10.04% | -15.47% | +5.43% |
Max Drawdown (3Y)Largest decline over 3 years | -19.78% | -24.42% | +4.64% |
Max Drawdown (5Y)Largest decline over 5 years | -28.36% | -38.77% | +10.41% |
Max Drawdown (10Y)Largest decline over 10 years | -39.95% | -43.63% | +3.68% |
Current DrawdownCurrent decline from peak | -1.93% | 0.00% | -1.93% |
Average DrawdownAverage peak-to-trough decline | -9.29% | -17.57% | +8.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.71% | 6.53% | -3.82% |
Volatility
RY vs. JPM - Volatility Comparison
Royal Bank of Canada (RY) and JPMorgan Chase & Co. (JPM) have volatilities of 5.56% and 5.41%, 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
| RY | JPM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.56% | 5.41% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 12.10% | 16.29% | -4.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.59% | 22.16% | -6.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.06% | 24.41% | -6.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.69% | 27.32% | -7.63% |
Dividends
RY vs. JPM - Dividend Comparison
RY's dividend yield for the trailing twelve months is around 2.24%, more than JPM's 1.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPM JPMorgan Chase & Co. | 1.68% | 1.72% | 1.92% | 2.38% | 2.98% | 2.34% | 2.83% | 2.37% | 2.54% | 1.91% | 2.13% | 2.54% |
RY Royal Bank of Canada | 2.24% | 2.54% | 3.39% | 4.29% | 4.07% | 3.24% | 3.88% | 3.88% | 4.27% | 3.22% | 3.95% | 5.41% |
Financials
RY vs. JPM - Financials Comparison
This section allows you to compare key financial metrics between Royal Bank of Canada 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
RY vs. JPM - Profitability Comparison
RY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Royal Bank of Canada reported a gross profit of 16.51B and revenue of 33.93B. Therefore, the gross margin over that period was 48.7%.
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%.
RY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Royal Bank of Canada reported an operating income of 7.10B and revenue of 33.93B, resulting in an operating margin of 20.9%.
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%.
RY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Royal Bank of Canada reported a net income of 5.51B and revenue of 33.93B, resulting in a net margin of 16.2%.
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
RY and JPM have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RY has higher volatility (5.56%) compared to JPM (5.41%). In terms of maximum drawdown, RY dropped -62.90% vs JPM's -76.16%.
RY currently has the higher Sharpe Ratio (4.36 vs 1.00), 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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