SHEL vs. JPM
SHEL (Shell plc) and JPM (JPMorgan Chase & Co.) are both stocks. SHEL operates in Oil & Gas Integrated (Energy), while JPM operates in Banks - Diversified (Financial Services). Over the past 10 years, SHEL returned 10.35%/yr vs 21.02%/yr for JPM. At a 0.40 correlation, their price movements are largely independent.
Performance
SHEL vs. JPM - Performance Comparison
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Returns By Period
In the year-to-date period, SHEL achieves a 18.73% return, which is significantly higher than JPM's 0.50% return. Over the past 10 years, SHEL has underperformed JPM with an annualized return of 10.35%, while JPM has yielded a comparatively higher 21.02% annualized return.
SHEL
- 1D
- -0.22%
- 1M
- 1.77%
- YTD
- 18.73%
- 6M
- 20.62%
- 1Y
- 24.51%
- 3Y*
- 18.27%
- 5Y*
- 22.23%
- 10Y*
- 10.35%
JPM
- 1D
- 2.31%
- 1M
- 6.82%
- YTD
- 0.50%
- 6M
- 1.66%
- 1Y
- 21.89%
- 3Y*
- 34.22%
- 5Y*
- 17.82%
- 10Y*
- 21.02%
SHEL vs. JPM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHEL Shell plc | 18.73% | 22.16% | -0.87% | 20.19% | 36.18% | 34.27% | -41.08% | 6.38% | -7.23% | 21.67% |
JPM JPMorgan Chase & Co. | 0.50% | 37.27% | 44.29% | 30.63% | -12.64% | 27.75% | -5.53% | 47.26% | -6.62% | 26.76% |
Correlation
The correlation between SHEL and JPM is 0.00, 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 | 0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jul 21, 2005 | 0.40 |
Over the past year, the correlation between SHEL and JPM has dropped to 0.00 - well below their long-term average of 0.40, suggesting their price drivers have been diverging.
Fundamentals
SHEL:
$244.29B
JPM:
$896.00B
SHEL:
$6.39
JPM:
$21.08
SHEL:
13.40
JPM:
15.21
SHEL:
0.67
JPM:
1.68
SHEL:
0.94
JPM:
3.14
SHEL:
1.41
JPM:
2.60
SHEL:
$266.82B
JPM:
$285.09B
SHEL:
$41.65B
JPM:
$173.52B
SHEL:
$57.44B
JPM:
$81.46B
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Return for Risk
SHEL vs. JPM — Risk / Return Rank
SHEL
JPM
SHEL vs. JPM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Shell plc (SHEL) 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.
| SHEL | JPM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.18 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 1.42 | +0.86 |
| Martin ratioReturn relative to average drawdown | 6.17 | 3.36 | +2.81 |
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Drawdowns
SHEL vs. JPM - Drawdown Comparison
The maximum SHEL drawdown since its inception was -71.57%, smaller than the maximum JPM drawdown of -76.16%. Use the drawdown chart below to compare losses from any high point for SHEL and JPM.
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Drawdown Indicators
| SHEL | JPM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.57% | -76.16% | +4.59% |
Max Drawdown (1Y)Largest decline over 1 year | -10.81% | -15.47% | +4.66% |
Max Drawdown (3Y)Largest decline over 3 years | -18.47% | -24.42% | +5.95% |
Max Drawdown (5Y)Largest decline over 5 years | -25.04% | -38.77% | +13.73% |
Max Drawdown (10Y)Largest decline over 10 years | -71.57% | -43.63% | -27.94% |
Current DrawdownCurrent decline from peak | -8.19% | -3.66% | -4.53% |
Average DrawdownAverage peak-to-trough decline | -16.73% | -17.62% | +0.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.99% | 6.54% | -2.55% |
Volatility
SHEL vs. JPM - Volatility Comparison
The current volatility for Shell plc (SHEL) is 5.99%, while JPMorgan Chase & Co. (JPM) has a volatility of 6.35%. This indicates that SHEL 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.
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Volatility by Period
| SHEL | JPM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.99% | 6.35% | -0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 17.43% | 16.67% | +0.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.98% | 21.76% | -0.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.21% | 24.46% | +0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.83% | 27.39% | +3.44% |
Dividends
SHEL vs. JPM - Dividend Comparison
SHEL's dividend yield for the trailing twelve months is around 3.45%, more than JPM's 1.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPM JPMorgan Chase & Co. | 1.84% | 1.72% | 1.92% | 2.38% | 2.98% | 2.34% | 2.83% | 2.37% | 2.54% | 1.91% | 2.13% | 2.54% |
SHEL Shell plc | 3.45% | 3.90% | 4.39% | 3.76% | 3.48% | 3.78% | 5.69% | 6.27% | 6.27% | 2.75% | 6.49% | 8.17% |
Financials
SHEL vs. JPM - Financials Comparison
This section allows you to compare key financial metrics between Shell plc 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
SHEL vs. JPM - Profitability Comparison
SHEL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Shell plc reported a gross profit of 13.31B and revenue of 69.57B. Therefore, the gross margin over that period was 19.1%.
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%.
SHEL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Shell plc reported an operating income of 10.35B and revenue of 69.57B, resulting in an operating margin of 14.9%.
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%.
SHEL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Shell plc reported a net income of 5.68B and revenue of 69.57B, resulting in a net margin of 8.2%.
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
SHEL and JPM have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JPM has higher volatility (6.35%) compared to SHEL (5.99%). In terms of maximum drawdown, SHEL dropped -71.57% vs JPM's -76.16%.
SHEL currently has the higher Sharpe Ratio (1.17 vs 1.01), 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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