WRB vs. JPM
WRB (W. R. Berkley Corporation) and JPM (JPMorgan Chase & Co.) are both stocks. Both are in the Financial Services sector — WRB in Insurance - Property & Casualty, JPM in Banks - Diversified. Over the past 10 years, WRB returned 17.92%/yr vs 21.02%/yr for JPM. At a 0.33 correlation, their price movements are largely independent.
Performance
WRB vs. JPM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, WRB achieves a -2.51% return, which is significantly lower than JPM's 0.50% return. Over the past 10 years, WRB has underperformed JPM with an annualized return of 17.92%, while JPM has yielded a comparatively higher 21.02% annualized return.
WRB
- 1D
- 1.08%
- 1M
- 2.74%
- YTD
- -2.51%
- 6M
- 0.17%
- 1Y
- -4.36%
- 3Y*
- 24.41%
- 5Y*
- 17.90%
- 10Y*
- 17.92%
JPM
- 1D
- 2.31%
- 1M
- 7.69%
- YTD
- 0.50%
- 6M
- 1.66%
- 1Y
- 23.40%
- 3Y*
- 34.22%
- 5Y*
- 17.82%
- 10Y*
- 21.02%
WRB vs. JPM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WRB W. R. Berkley Corporation | -2.51% | 23.02% | 27.19% | 0.25% | 33.92% | 27.39% | -3.14% | 43.80% | 5.96% | 10.21% |
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 WRB and JPM is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 1984 | 0.33 |
Over the past year, the correlation between WRB and JPM has dropped to 0.10 - well below their long-term average of 0.33, suggesting their price drivers have been diverging.
Fundamentals
WRB:
$4.45
JPM:
$21.08
WRB:
15.34
JPM:
15.21
WRB:
0.89
JPM:
1.68
WRB:
1.86
JPM:
3.14
WRB:
$14.71B
JPM:
$285.09B
WRB:
$2.91B
JPM:
$173.52B
WRB:
$2.37B
JPM:
$81.46B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
WRB vs. JPM — Risk / Return Rank
WRB
JPM
WRB vs. JPM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for W. R. Berkley Corporation (WRB) 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.
| WRB | JPM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.25 | ||
| Sortino ratioReturn per unit of downside risk | -1.61 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.18 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.29 | 1.42 | -1.71 |
| Martin ratioReturn relative to average drawdown | -0.54 | 3.36 | -3.90 |
Loading charts...
Drawdowns
WRB vs. JPM - Drawdown Comparison
The maximum WRB drawdown since its inception was -69.33%, smaller than the maximum JPM drawdown of -76.16%. Use the drawdown chart below to compare losses from any high point for WRB and JPM.
Loading charts...
Drawdown Indicators
| WRB | JPM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.33% | -76.16% | +6.83% |
Max Drawdown (1Y)Largest decline over 1 year | -17.62% | -15.47% | -2.15% |
Max Drawdown (3Y)Largest decline over 3 years | -17.62% | -24.42% | +6.80% |
Max Drawdown (5Y)Largest decline over 5 years | -26.29% | -38.77% | +12.48% |
Max Drawdown (10Y)Largest decline over 10 years | -45.35% | -43.63% | -1.72% |
Current DrawdownCurrent decline from peak | -11.49% | -3.66% | -7.83% |
Average DrawdownAverage peak-to-trough decline | -14.58% | -17.62% | +3.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.29% | 6.54% | +2.75% |
Volatility
WRB vs. JPM - Volatility Comparison
W. R. Berkley Corporation (WRB) has a higher volatility of 7.63% compared to JPMorgan Chase & Co. (JPM) at 6.35%. This indicates that WRB'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.
Loading charts...
Volatility by Period
| WRB | JPM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.63% | 6.35% | +1.28% |
Volatility (6M)Calculated over the trailing 6-month period | 15.08% | 16.67% | -1.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.37% | 21.76% | -0.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.83% | 24.46% | -1.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.56% | 27.39% | -2.83% |
Dividends
WRB vs. JPM - Dividend Comparison
WRB's dividend yield for the trailing twelve months is around 2.72%, 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% |
WRB W. R. Berkley Corporation | 2.72% | 2.64% | 2.39% | 2.73% | 1.22% | 2.44% | 0.71% | 2.43% | 2.83% | 2.16% | 2.27% | 0.86% |
Financials
WRB vs. JPM - Financials Comparison
This section allows you to compare key financial metrics between W. R. Berkley Corporation 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
WRB vs. JPM - Profitability Comparison
WRB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, W. R. Berkley Corporation reported a gross profit of 765.46M and revenue of 3.72B. Therefore, the gross margin over that period was 20.6%.
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%.
WRB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, W. R. Berkley Corporation reported an operating income of 606.51M and revenue of 3.72B, resulting in an operating margin of 16.3%.
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%.
WRB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, W. R. Berkley Corporation reported a net income of 449.51M and revenue of 3.72B, resulting in a net margin of 12.1%.
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
WRB and JPM have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WRB has higher volatility (7.63%) compared to JPM (6.35%). In terms of maximum drawdown, WRB dropped -69.33% vs JPM's -76.16%.
JPM currently has the higher Sharpe Ratio (1.01 vs -0.24), 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.
Find the right allocation for WRB and JPM
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer