STEP vs. JPM

Last updated Jul 14, 2026

STEP (StepStone Group Inc.) and JPM (JPMorgan Chase & Co.) are both stocks. Both are in the Financial Services sector — STEP in Asset Management, JPM in Banks - Diversified. Over the past 5 years, STEP returned 5.03%/yr vs 19.57%/yr for JPM. At a 0.40 correlation, their price movements are largely independent.

Performance

STEP vs. JPM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in StepStone Group Inc. (STEP) 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, STEP achieves a -31.61% return, which is significantly lower than JPM's 5.29% return.

STEP

• 1D: -0.35%
• 1M: -1.72%
• 6M: -40.10%
• YTD: -31.61%
• 1Y: -25.91%
• 3Y*: 22.03%
• 5Y*: 5.03%
• 10Y*: —

JPM

• 1D: -0.58%
• 1M: 4.78%
• 6M: 4.09%
• YTD: 5.29%
• 1Y: 18.85%
• 3Y*: 33.63%
• 5Y*: 19.57%
• 10Y*: 21.09%

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

STEP vs. JPM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
STEP StepStone Group Inc.	-31.61%	13.62%	85.94%	31.66%	-37.82%	5.43%	60.81%
JPM JPMorgan Chase & Co.	5.29%	37.27%	44.29%	30.63%	-12.64%	27.75%	29.18%

Correlation

The correlation between STEP and JPM is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (5Y) Calculated over the trailing 5-year period	0.44
Correlation (All Time) Calculated using the full available price history since Sep 16, 2020	0.40

The correlation between STEP and JPM shifts across timeframes, from 0.32 (1 year) to 0.44 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap STEP : $5.40B JPM : $896.38B
EPS STEP : -$6.74 JPM : $21.08
PS Ratio STEP : 1.71 JPM : 3.28
Total Revenue (TTM) STEP : $1.99B JPM : $285.09B
Gross Profit (TTM) STEP : -$734.50M JPM : $173.52B
EBITDA (TTM) STEP : -$970.97M JPM : $81.46B

Return for Risk

STEP vs. JPM — Risk / Return Rank

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

STEP

STEP Risk / Return Rank: 21
STEP Sharpe Ratio Rank: 19
STEP Sortino Ratio Rank: 21
STEP Omega Ratio Rank: 22
STEP Calmar Ratio Rank: 25
STEP Martin Ratio Rank: 21

JPM

JPM Risk / Return Rank: 69
JPM Sharpe Ratio Rank: 73
JPM Sortino Ratio Rank: 66
JPM Omega Ratio Rank: 65
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.

STEP vs. JPM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for StepStone Group Inc. (STEP) 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.

	STEP	JPM	Difference
Sharpe ratio: Return per unit of total volatility	-0.57	0.86	-1.43
Sortino ratio: Return per unit of downside risk	-0.59	1.27	-1.85
Omega ratio: Gain probability vs. loss probability	0.93	1.16	-0.23
Calmar ratio: Return relative to maximum drawdown	-0.56	1.22	-1.78
Martin ratio: Return relative to average drawdown	-1.08	2.90	-3.98

STEP vs. JPM - Sharpe Ratio Comparison

The current STEP Sharpe Ratio is -0.57, which is lower than the JPM Sharpe Ratio of 0.86. The chart below compares the historical Sharpe Ratios of STEP 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

STEP vs. JPM - Drawdown Comparison

The maximum STEP drawdown since its inception was -60.19%, smaller than the maximum JPM drawdown of -76.16%. Use the drawdown chart below to compare losses from any high point for STEP and JPM.

Drawdown Indicators

	STEP	JPM	Difference
Max Drawdown Largest peak-to-trough decline	-60.19%	-76.16%	+15.97%
Max Drawdown (1Y) Largest decline over 1 year	-46.85%	-15.47%	-31.38%
Max Drawdown (3Y) Largest decline over 3 years	-46.85%	-24.42%	-22.43%
Max Drawdown (5Y) Largest decline over 5 years	-60.19%	-38.77%	-21.42%
Max Drawdown (10Y) Largest decline over 10 years	—	-43.63%	—
Current Drawdown Current decline from peak	-42.46%	-1.38%	-41.08%
Average Drawdown Average peak-to-trough decline	-26.14%	-17.59%	-8.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.96%	6.52%	+17.44%

Volatility

STEP vs. JPM - Volatility Comparison

StepStone Group Inc. (STEP) has a higher volatility of 16.27% compared to JPMorgan Chase & Co. (JPM) at 7.07%. This indicates that STEP'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

	STEP	JPM	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.27%	7.07%	+9.20%
Volatility (6M) Calculated over the trailing 6-month period	38.41%	17.05%	+21.36%
Volatility (1Y) Calculated over the trailing 1-year period	45.75%	22.02%	+23.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.49%	24.46%	+17.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.65%	27.29%	+14.36%

Dividends

STEP vs. JPM - Dividend Comparison

STEP's dividend yield for the trailing twelve months is around 3.90%, more than JPM's 1.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JPM JPMorgan Chase & Co.	1.79%	1.72%	1.92%	2.38%	2.98%	2.34%	2.83%	2.37%	2.54%	1.91%	2.13%	2.54%
STEP StepStone Group Inc.	3.90%	2.24%	1.81%	3.36%	2.98%	0.87%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both STEP and JPM in my portfolio?

STEP and JPM have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, STEP or JPM?

STEP has higher volatility (16.27%) compared to JPM (7.07%). In terms of maximum drawdown, STEP dropped -60.19% vs JPM's -76.16%.

Which has better risk-adjusted returns?

JPM currently has the higher Sharpe Ratio (0.86 vs -0.57), 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.