SPGI vs. JPM
SPGI (S&P Global Inc.) and JPM (JPMorgan Chase & Co.) are both stocks. Both are in the Financial Services sector — SPGI in Financial Data & Stock Exchanges, JPM in Banks - Diversified. Over the past 10 years, SPGI returned 15.58%/yr vs 20.32%/yr for JPM. At a 0.43 correlation, their price movements are largely independent.
Performance
SPGI vs. JPM - Performance Comparison
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Returns By Period
In the year-to-date period, SPGI achieves a -19.82% return, which is significantly lower than JPM's -2.52% return. Over the past 10 years, SPGI has underperformed JPM with an annualized return of 15.58%, while JPM has yielded a comparatively higher 20.32% annualized return.
SPGI
- 1D
- -1.73%
- 1M
- -0.49%
- YTD
- -19.82%
- 6M
- -14.85%
- 1Y
- -19.02%
- 3Y*
- 3.63%
- 5Y*
- 2.49%
- 10Y*
- 15.58%
JPM
- 1D
- -0.40%
- 1M
- 2.98%
- YTD
- -2.52%
- 6M
- -0.35%
- 1Y
- 19.35%
- 3Y*
- 33.18%
- 5Y*
- 16.72%
- 10Y*
- 20.32%
SPGI vs. JPM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPGI S&P Global Inc. | -19.82% | 5.71% | 13.94% | 32.79% | -28.38% | 44.68% | 21.40% | 62.27% | 1.37% | 59.32% |
JPM JPMorgan Chase & Co. | -2.52% | 37.27% | 44.29% | 30.63% | -12.64% | 27.75% | -5.53% | 47.26% | -6.62% | 26.76% |
Correlation
The correlation between SPGI and JPM is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2001 | 0.43 |
The correlation between SPGI and JPM shifts across timeframes, from 0.28 (1 year) to 0.43 (all time), reflecting how their relationship changes across market environments.
Fundamentals
SPGI:
$124.13B
JPM:
$869.15B
SPGI:
$15.79
JPM:
$21.08
SPGI:
26.42
JPM:
14.76
SPGI:
3.45
JPM:
1.63
SPGI:
8.02
JPM:
3.05
SPGI:
3.97
JPM:
2.53
SPGI:
$15.73B
JPM:
$285.09B
SPGI:
$8.15B
JPM:
$173.52B
SPGI:
$7.83B
JPM:
$81.46B
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Return for Risk
SPGI vs. JPM — Risk / Return Rank
SPGI
JPM
SPGI vs. JPM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P Global Inc. (SPGI) 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.
| SPGI | JPM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.60 | ||
| Sortino ratioReturn per unit of downside risk | -2.07 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.17 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.63 | 1.26 | -1.88 |
| Martin ratioReturn relative to average drawdown | -1.21 | 2.98 | -4.19 |
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
| SPGI | JPM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.70 | 0.90 | -1.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.69 | -0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 0.74 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.34 | +0.11 |
Drawdowns
SPGI vs. JPM - Drawdown Comparison
The maximum SPGI drawdown since its inception was -74.67%, roughly equal to the maximum JPM drawdown of -76.16%. Use the drawdown chart below to compare losses from any high point for SPGI and JPM.
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Drawdown Indicators
| SPGI | JPM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.67% | -76.16% | +1.49% |
Max Drawdown (1Y)Largest decline over 1 year | -30.48% | -15.47% | -15.01% |
Max Drawdown (3Y)Largest decline over 3 years | -30.48% | -24.42% | -6.06% |
Max Drawdown (5Y)Largest decline over 5 years | -39.76% | -38.77% | -0.99% |
Max Drawdown (10Y)Largest decline over 10 years | -39.76% | -43.63% | +3.87% |
Current DrawdownCurrent decline from peak | -25.45% | -6.55% | -18.90% |
Average DrawdownAverage peak-to-trough decline | -15.22% | -17.62% | +2.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.77% | 6.50% | +9.27% |
Volatility
SPGI vs. JPM - Volatility Comparison
S&P Global Inc. (SPGI) has a higher volatility of 8.15% compared to JPMorgan Chase & Co. (JPM) at 6.40%. This indicates that SPGI'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.
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Volatility by Period
| SPGI | JPM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.15% | 6.40% | +1.75% |
Volatility (6M)Calculated over the trailing 6-month period | 23.85% | 17.38% | +6.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.42% | 21.62% | +5.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.47% | 24.45% | +0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.03% | 27.40% | -1.37% |
Dividends
SPGI vs. JPM - Dividend Comparison
SPGI's dividend yield for the trailing twelve months is around 0.93%, less than JPM's 1.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPM JPMorgan Chase & Co. | 1.90% | 1.72% | 1.92% | 2.38% | 2.98% | 2.34% | 2.83% | 2.37% | 2.54% | 1.91% | 2.13% | 2.54% |
SPGI S&P Global Inc. | 0.93% | 0.73% | 0.73% | 0.82% | 0.99% | 0.65% | 0.82% | 0.84% | 1.18% | 0.97% | 1.34% | 1.34% |
Financials
SPGI vs. JPM - Financials Comparison
This section allows you to compare key financial metrics between S&P Global Inc. 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
SPGI vs. JPM - Profitability Comparison
SPGI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, S&P Global Inc. reported a gross profit of 0.00 and revenue of 4.17B. Therefore, the gross margin over that period was 0.0%.
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%.
SPGI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, S&P Global Inc. reported an operating income of 2.00B and revenue of 4.17B, resulting in an operating margin of 48.0%.
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%.
SPGI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, S&P Global Inc. reported a net income of 1.40B and revenue of 4.17B, resulting in a net margin of 33.5%.
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
SPGI and JPM have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPGI has higher volatility (8.15%) compared to JPM (6.40%). In terms of maximum drawdown, SPGI dropped -74.67% vs JPM's -76.16%.
JPM currently has the higher Sharpe Ratio (0.90 vs -0.70), 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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