TCPC vs. JPM
TCPC (BlackRock TCP Capital Corp.) and JPM (JPMorgan Chase & Co.) are both stocks. Both are in the Financial Services sector — TCPC in Asset Management, JPM in Banks - Diversified. Over the past 10 years, TCPC returned -3.45%/yr vs 21.34%/yr for JPM. Their 0.32 correlation means their historical movements had little consistent relationship.
Performance
TCPC vs. JPM - Performance Comparison
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Returns By Period
In the year-to-date period, TCPC achieves a -32.17% return, which is significantly lower than JPM's 10.99% return. Over the past 10 years, TCPC has underperformed JPM with an annualized return of -3.45%, while JPM has yielded a comparatively higher 21.34% annualized return.
TCPC
- 1D
- 3.69%
- 1M
- 0.30%
- 6M
- -27.25%
- YTD
- -32.17%
- 1Y
- -43.27%
- 3Y*
- -24.66%
- 5Y*
- -13.59%
- 10Y*
- -3.45%
- ALL TIME*
- 1.13%
JPM
- 1D
- 0.24%
- 1M
- 5.91%
- 6M
- 15.55%
- YTD
- 10.99%
- 1Y
- 24.20%
- 3Y*
- 34.15%
- 5Y*
- 21.45%
- 10Y*
- 21.34%
- ALL TIME*
- 12.44%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.66B | $3.17B | $3.05B | |
| $1.69M | $1.95M | $2.74M |
TCPC vs. JPM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TCPC BlackRock TCP Capital Corp. | -32.17% | -26.24% | -12.26% | 3.23% | 5.61% | 30.76% | -9.17% | 19.31% | -5.59% | -1.22% |
JPM JPMorgan Chase & Co. | 10.99% | 37.27% | 44.29% | 30.63% | -12.64% | 27.75% | -5.53% | 47.26% | -6.62% | 26.76% |
Correlation
The correlation between TCPC and JPM is 0.13, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.13 |
Correlation (3Y) Balances recent behavior with more history. | 0.23 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.30 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.33 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2012 | 0.32 |
The correlation between TCPC and JPM shifts across timeframes, from 0.13 (1 year) to 0.33 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
TCPC:
$282.75M
JPM:
$944.90B
TCPC:
-$1.30
JPM:
$23.29
TCPC:
5.00
JPM:
3.31
TCPC:
0.50
JPM:
2.79
TCPC:
$57.18M
JPM:
$297.63B
TCPC:
-$116.96M
JPM:
$186.33B
TCPC:
-$43.73M
JPM:
$90.84B
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Return for Risk
TCPC vs. JPM — Risk / Return Rank
TCPC
JPM
TCPC vs. JPM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock TCP Capital Corp. (TCPC) 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.
| TCPC | JPM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.30 | ||
| Sortino ratioReturn per unit of downside risk | -3.31 | ||
| Omega ratioGain probability vs. loss probability | 0.79 | 1.20 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.90 | 1.57 | -2.47 |
| Martin ratioReturn relative to average drawdown | -1.45 | 3.73 | -5.19 |
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Drawdowns
TCPC vs. JPM - Drawdown Comparison
The maximum TCPC drawdown since its inception was -69.08%, smaller than the maximum JPM drawdown of -76.16%. Use the drawdown chart below to compare losses from any high point for TCPC and JPM.
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Drawdown Indicators
| TCPC | JPM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.08% | -76.16% | +7.08% |
Max Drawdown (1Y)Largest decline over 1 year | -48.26% | -15.47% | -32.79% |
Max Drawdown (3Y)Largest decline over 3 years | -60.76% | -24.42% | -36.34% |
Max Drawdown (5Y)Largest decline over 5 years | -60.76% | -38.77% | -21.99% |
Max Drawdown (10Y)Largest decline over 10 years | -69.08% | -43.63% | -25.45% |
Current DrawdownCurrent decline from peak | -57.75% | -1.31% | -56.44% |
Average DrawdownAverage peak-to-trough decline | -10.46% | -17.56% | +7.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.82% | 6.50% | +23.32% |
Volatility
TCPC vs. JPM - Volatility Comparison
BlackRock TCP Capital Corp. (TCPC) has a higher volatility of 10.49% compared to JPMorgan Chase & Co. (JPM) at 6.60%. This indicates that TCPC'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
| TCPC | JPM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.49% | 6.60% | +3.89% |
Volatility (6M)Calculated over the trailing 6-month period | 28.50% | 16.70% | +11.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.88% | 22.38% | +13.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.89% | 24.46% | +2.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.73% | 27.34% | +7.39% |
Dividends
TCPC vs. JPM - Dividend Comparison
TCPC's dividend yield for the trailing twelve months is around 26.11%, more than JPM's 1.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPM JPMorgan Chase & Co. | 1.70% | 1.72% | 1.92% | 2.38% | 2.98% | 2.34% | 2.83% | 2.37% | 2.54% | 1.91% | 2.13% | 2.54% |
TCPC BlackRock TCP Capital Corp. | 26.11% | 20.48% | 16.76% | 14.64% | 9.81% | 8.88% | 11.74% | 10.25% | 11.04% | 9.42% | 8.52% | 10.34% |
Financials
TCPC vs. JPM - Financials Comparison
This section allows you to compare key financial metrics between BlackRock TCP Capital Corp. 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
TCPC vs. JPM - Profitability Comparison
TCPC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, BlackRock TCP Capital Corp. reported a gross profit of 0.00 and revenue of 42.58M. 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 Aug 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%.
TCPC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, BlackRock TCP Capital Corp. reported an operating income of 0.00 and revenue of 42.58M, resulting in an operating margin of 0.0%.
JPM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, JPMorgan Chase & Co. reported an operating income of 27.52B and revenue of 82.46B, resulting in an operating margin of 33.4%.
TCPC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, BlackRock TCP Capital Corp. reported a net income of 0.00 and revenue of 42.58M, resulting in a net margin of 0.0%.
JPM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 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
TCPC and JPM have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TCPC has higher volatility (10.49%) compared to JPM (6.60%). In terms of maximum drawdown, TCPC dropped -69.08% vs JPM's -76.16%.
JPM currently has the higher Sharpe Ratio (1.09 vs -1.21), 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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