RY vs. JPM

Last updated Apr 1, 2026

Compare and contrast key facts about Royal Bank of Canada (RY) and JPMorgan Chase & Co. (JPM).

Performance

RY vs. JPM - Performance Comparison

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

RY vs. JPM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RY Royal Bank of Canada	-4.43%	46.29%	23.80%	12.72%	-8.00%	34.11%	8.42%	20.17%	-12.88%	24.95%
JPM JPMorgan Chase & Co.	-8.30%	37.27%	44.29%	30.63%	-12.64%	27.75%	-5.53%	47.26%	-6.62%	26.76%

Fundamentals

Market Cap RY : $166.45B JPM : $821.79B
EPS RY : $15.98 JPM : $20.42
PE Ratio RY : 10.12 JPM : 14.41
PEG Ratio RY : 1.47 JPM : 1.59
PS Ratio RY : 1.55 JPM : 3.20
PB Ratio RY : 1.29 JPM : 2.40
Total Revenue (TTM) RY : $137.63B JPM : $256.52B
Gross Profit (TTM) RY : $63.36B JPM : $168.20B
EBITDA (TTM) RY : $29.23B JPM : $78.84B

Returns By Period

In the year-to-date period, RY achieves a -4.43% return, which is significantly higher than JPM's -8.30% return. Over the past 10 years, RY has underperformed JPM with an annualized return of 15.24%, while JPM has yielded a comparatively higher 20.45% annualized return.

RY

• 1D: 2.49%
• 1M: -3.26%
• YTD: -4.43%
• 6M: 11.43%
• 1Y: 48.21%
• 3Y*: 23.86%
• 5Y*: 16.15%
• 10Y*: 15.24%

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

RY vs. JPM — Risk / Return Rank

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

RY

RY Risk / Return Rank: 96
RY Sharpe Ratio Rank: 96
RY Sortino Ratio Rank: 97
RY Omega Ratio Rank: 96
RY Calmar Ratio Rank: 94
RY Martin Ratio Rank: 96

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.

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.

	RY	JPM	Difference
Sharpe ratio Return per unit of total volatility	2.91	0.89	+2.02
Sortino ratio Return per unit of downside risk	4.05	1.28	+2.77
Omega ratio Gain probability vs. loss probability	1.53	1.18	+0.35
Calmar ratio Return relative to maximum drawdown	4.88	1.53	+3.35
Martin ratio Return relative to average drawdown	18.67	4.16	+14.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RY vs. JPM - Sharpe Ratio Comparison

The current RY Sharpe Ratio is 2.91, which is higher than the JPM Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of RY 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

	RY	JPM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.91	0.89	+2.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.91	0.69	+0.22
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.77	0.75	+0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	0.34	+0.29

Correlation

The correlation between RY and JPM is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

RY vs. JPM - Dividend Comparison

RY's dividend yield for the trailing twelve months is around 2.78%, more than JPM's 1.97% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RY Royal Bank of Canada	2.78%	2.54%	3.39%	4.29%	4.07%	3.24%	3.88%	3.88%	4.27%	3.22%	3.95%	5.41%
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

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.

Drawdown Indicators

	RY	JPM	Difference
Max Drawdown Largest 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 (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 Drawdown Current decline from peak	-7.80%	-12.09%	+4.29%
Average Drawdown Average peak-to-trough decline	-9.37%	-17.66%	+8.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.62%	5.67%	-3.05%

Volatility

RY vs. JPM - Volatility Comparison

The current volatility for Royal Bank of Canada (RY) is 5.19%, while JPMorgan Chase & Co. (JPM) has a volatility of 6.34%. This indicates that RY experiences smaller price fluctuations and is considered to be less risky than JPM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RY	JPM	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.19%	6.34%	-1.15%
Volatility (6M) Calculated over the trailing 6-month period	10.79%	17.19%	-6.40%
Volatility (1Y) Calculated over the trailing 1-year period	16.65%	25.25%	-8.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.85%	24.34%	-6.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.81%	27.38%	-7.57%

Financials

RY vs. JPM - Profitability Comparison

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

RY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Royal Bank of Canada reported a gross profit of 16.86B and revenue of 35.50B. Therefore, the gross margin over that period was 47.5%.

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%.

RY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Royal Bank of Canada reported an operating income of 7.42B and revenue of 35.50B, 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 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%.

RY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Royal Bank of Canada reported a net income of 5.79B and revenue of 35.50B, resulting in a net margin of 16.3%.

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%.