WFC vs. JPM
WFC (Wells Fargo & Company) and JPM (JPMorgan Chase & Co.) are both stocks. Both operate in the Banks - Diversified industry within the Financial Services sector. Over the past 10 years, WFC returned 8.95%/yr vs 21.02%/yr for JPM. A 0.60 correlation means they provide meaningful diversification when combined.
Performance
WFC vs. JPM - Performance Comparison
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Returns By Period
In the year-to-date period, WFC achieves a -9.20% return, which is significantly lower than JPM's 0.50% return. Over the past 10 years, WFC has underperformed JPM with an annualized return of 8.95%, while JPM has yielded a comparatively higher 21.02% annualized return.
WFC
- 1D
- 1.61%
- 1M
- 13.87%
- YTD
- -9.20%
- 6M
- -8.77%
- 1Y
- 15.62%
- 3Y*
- 28.38%
- 5Y*
- 15.64%
- 10Y*
- 8.95%
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%
WFC vs. JPM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WFC Wells Fargo & Company | -9.20% | 35.57% | 46.48% | 22.94% | -11.92% | 61.15% | -41.65% | 21.44% | -21.83% | 13.21% |
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 WFC and JPM is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Dec 30, 1983 | 0.60 |
The correlation between WFC and JPM shifts across timeframes, from 0.60 (all time) to 0.77 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
WFC:
$269.39B
JPM:
$896.00B
WFC:
$6.73
JPM:
$21.08
WFC:
12.44
JPM:
15.21
WFC:
1.07
JPM:
1.68
WFC:
2.15
JPM:
3.14
WFC:
1.65
JPM:
2.60
WFC:
$125.70B
JPM:
$285.09B
WFC:
$81.14B
JPM:
$173.52B
WFC:
$31.58B
JPM:
$81.46B
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Return for Risk
WFC vs. JPM — Risk / Return Rank
WFC
JPM
WFC vs. JPM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wells Fargo & Company (WFC) 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.
| WFC | JPM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.18 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.68 | 1.42 | -0.74 |
| Martin ratioReturn relative to average drawdown | 1.54 | 3.36 | -1.82 |
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Drawdowns
WFC vs. JPM - Drawdown Comparison
The maximum WFC drawdown since its inception was -79.01%, roughly equal to the maximum JPM drawdown of -76.16%. Use the drawdown chart below to compare losses from any high point for WFC and JPM.
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Drawdown Indicators
| WFC | JPM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.01% | -76.16% | -2.85% |
Max Drawdown (1Y)Largest decline over 1 year | -23.02% | -15.47% | -7.55% |
Max Drawdown (3Y)Largest decline over 3 years | -24.73% | -24.42% | -0.31% |
Max Drawdown (5Y)Largest decline over 5 years | -37.10% | -38.77% | +1.67% |
Max Drawdown (10Y)Largest decline over 10 years | -64.46% | -43.63% | -20.83% |
Current DrawdownCurrent decline from peak | -12.21% | -3.66% | -8.55% |
Average DrawdownAverage peak-to-trough decline | -15.35% | -17.62% | +2.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.18% | 6.54% | +3.64% |
Volatility
WFC vs. JPM - Volatility Comparison
The current volatility for Wells Fargo & Company (WFC) is 5.95%, while JPMorgan Chase & Co. (JPM) has a volatility of 6.35%. This indicates that WFC 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
| WFC | JPM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.95% | 6.35% | -0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 19.95% | 16.67% | +3.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.75% | 21.76% | +4.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.23% | 24.46% | +5.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.28% | 27.39% | +4.89% |
Dividends
WFC vs. JPM - Dividend Comparison
WFC's dividend yield for the trailing twelve months is around 2.15%, 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% |
WFC Wells Fargo & Company | 2.15% | 1.82% | 2.14% | 2.64% | 2.66% | 1.25% | 4.04% | 3.57% | 3.56% | 2.54% | 2.75% | 2.71% |
Financials
WFC vs. JPM - Financials Comparison
This section allows you to compare key financial metrics between Wells Fargo & Company 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
WFC vs. JPM - Profitability Comparison
WFC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Wells Fargo & Company reported a gross profit of 20.31B and revenue of 31.80B. Therefore, the gross margin over that period was 63.9%.
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%.
WFC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Wells Fargo & Company reported an operating income of 5.85B and revenue of 31.80B, resulting in an operating margin of 18.4%.
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%.
WFC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Wells Fargo & Company reported a net income of 5.29B and revenue of 31.80B, resulting in a net margin of 16.6%.
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
WFC and JPM have a correlation of 0.72, 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 WFC (5.95%). In terms of maximum drawdown, WFC dropped -79.01% vs JPM's -76.16%.
JPM currently has the higher Sharpe Ratio (1.01 vs 0.59), 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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