TW vs. JPM
TW (Tradeweb Markets Inc.) and JPM (JPMorgan Chase & Co.) are both stocks. Both are in the Financial Services sector — TW in Capital Markets, JPM in Banks - Diversified. Over the past 5 years, TW returned 3.81%/yr vs 16.72%/yr for JPM. At a 0.21 correlation, their price movements are largely independent.
Performance
TW vs. JPM - Performance Comparison
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Returns By Period
In the year-to-date period, TW achieves a -8.38% return, which is significantly lower than JPM's -2.52% return.
TW
- 1D
- -4.15%
- 1M
- -9.55%
- YTD
- -8.38%
- 6M
- -6.54%
- 1Y
- -29.50%
- 3Y*
- 11.98%
- 5Y*
- 3.81%
- 10Y*
- —
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%
TW vs. JPM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TW Tradeweb Markets Inc. | -8.38% | -17.55% | 44.56% | 40.61% | -34.86% | 60.96% | 35.50% | 30.15% |
JPM JPMorgan Chase & Co. | -2.52% | 37.27% | 44.29% | 30.63% | -12.64% | 27.75% | -5.53% | 34.06% |
Correlation
The correlation between TW and JPM is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2019 | 0.21 |
The correlation between TW and JPM shifts across timeframes, from 0.13 (1 year) to 0.26 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
TW:
$20.97B
JPM:
$869.15B
TW:
$4.05
JPM:
$21.08
TW:
24.24
JPM:
14.76
TW:
0.66
JPM:
1.63
TW:
9.76
JPM:
3.05
TW:
3.17
JPM:
2.53
TW:
$2.16B
JPM:
$285.09B
TW:
$1.56B
JPM:
$173.52B
TW:
$1.34B
JPM:
$81.46B
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Return for Risk
TW vs. JPM — Risk / Return Rank
TW
JPM
TW vs. JPM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradeweb Markets Inc. (TW) 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.
| TW | JPM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.95 | ||
| Sortino ratioReturn per unit of downside risk | -2.77 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.17 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.90 | 1.26 | -2.16 |
| Martin ratioReturn relative to average drawdown | -1.38 | 2.98 | -4.36 |
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
| TW | JPM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.05 | 0.90 | -1.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 0.69 | -0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.74 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.34 | +0.18 |
Drawdowns
TW vs. JPM - Drawdown Comparison
The maximum TW drawdown since its inception was -48.64%, smaller than the maximum JPM drawdown of -76.16%. Use the drawdown chart below to compare losses from any high point for TW and JPM.
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Drawdown Indicators
| TW | JPM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.64% | -76.16% | +27.52% |
Max Drawdown (1Y)Largest decline over 1 year | -32.76% | -15.47% | -17.29% |
Max Drawdown (3Y)Largest decline over 3 years | -33.89% | -24.42% | -9.47% |
Max Drawdown (5Y)Largest decline over 5 years | -48.64% | -38.77% | -9.87% |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.63% | — |
Current DrawdownCurrent decline from peak | -33.69% | -6.55% | -27.14% |
Average DrawdownAverage peak-to-trough decline | -13.86% | -17.62% | +3.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.41% | 6.50% | +14.91% |
Volatility
TW vs. JPM - Volatility Comparison
Tradeweb Markets Inc. (TW) has a higher volatility of 8.50% compared to JPMorgan Chase & Co. (JPM) at 6.40%. This indicates that TW'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
| TW | JPM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.50% | 6.40% | +2.10% |
Volatility (6M)Calculated over the trailing 6-month period | 21.23% | 17.38% | +3.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.36% | 21.62% | +6.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.56% | 24.45% | +2.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.13% | 27.40% | +2.73% |
Dividends
TW vs. JPM - Dividend Comparison
TW's dividend yield for the trailing twelve months is around 0.53%, 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% |
TW Tradeweb Markets Inc. | 0.53% | 0.45% | 0.31% | 0.40% | 0.49% | 0.32% | 0.51% | 0.52% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
TW vs. JPM - Financials Comparison
This section allows you to compare key financial metrics between Tradeweb Markets 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
TW vs. JPM - Profitability Comparison
TW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Tradeweb Markets Inc. reported a gross profit of 411.78M and revenue of 617.76M. Therefore, the gross margin over that period was 66.7%.
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%.
TW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Tradeweb Markets Inc. reported an operating income of 287.25M and revenue of 617.76M, resulting in an operating margin of 46.5%.
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%.
TW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Tradeweb Markets Inc. reported a net income of 205.28M and revenue of 617.76M, resulting in a net margin of 33.2%.
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
TW 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.
TW has higher volatility (8.50%) compared to JPM (6.40%). In terms of maximum drawdown, TW dropped -48.64% vs JPM's -76.16%.
JPM currently has the higher Sharpe Ratio (0.90 vs -1.05), 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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