ZION vs. JPM
ZION (Zions Bancorporation, National Association) and JPM (JPMorgan Chase & Co.) are both stocks. Both are in the Financial Services sector — ZION in Banks - Regional, JPM in Banks - Diversified. Over the past 10 years, ZION returned 12.68%/yr vs 21.14%/yr for JPM. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
ZION vs. JPM - Performance Comparison
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Returns By Period
In the year-to-date period, ZION achieves a 14.71% return, which is significantly higher than JPM's 1.91% return. Over the past 10 years, ZION has underperformed JPM with an annualized return of 12.68%, while JPM has yielded a comparatively higher 21.14% annualized return.
ZION
- 1D
- 0.03%
- 1M
- 9.88%
- YTD
- 14.71%
- 6M
- 12.75%
- 1Y
- 41.33%
- 3Y*
- 37.06%
- 5Y*
- 9.36%
- 10Y*
- 12.68%
JPM
- 1D
- -2.47%
- 1M
- 9.98%
- YTD
- 1.91%
- 6M
- 4.91%
- 1Y
- 21.02%
- 3Y*
- 34.46%
- 5Y*
- 20.06%
- 10Y*
- 21.14%
ZION vs. JPM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZION Zions Bancorporation, National Association | 14.71% | 11.58% | 28.19% | -6.29% | -20.02% | 49.11% | -13.17% | 31.00% | -18.25% | 19.29% |
JPM JPMorgan Chase & Co. | 1.91% | 37.27% | 44.29% | 30.63% | -12.64% | 27.75% | -5.53% | 47.26% | -6.62% | 26.76% |
Correlation
The correlation between ZION and JPM is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 1990 | 0.51 |
The correlation between ZION and JPM shifts across timeframes, from 0.51 (all time) to 0.72 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
ZION:
$9.73B
JPM:
$908.57B
ZION:
$6.54
JPM:
$21.08
ZION:
10.12
JPM:
15.43
ZION:
2.05
JPM:
3.19
ZION:
1.35
JPM:
2.64
ZION:
$4.74B
JPM:
$285.09B
ZION:
$2.54B
JPM:
$173.52B
ZION:
$992.96M
JPM:
$81.46B
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Return for Risk
ZION vs. JPM — Risk / Return Rank
ZION
JPM
ZION vs. JPM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Zions Bancorporation, National Association (ZION) 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.
| ZION | JPM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.18 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | 1.36 | +0.65 |
| Martin ratioReturn relative to average drawdown | 5.71 | 3.22 | +2.49 |
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Drawdowns
ZION vs. JPM - Drawdown Comparison
The maximum ZION drawdown since its inception was -92.20%, which is greater than JPM's maximum drawdown of -76.16%. Use the drawdown chart below to compare losses from any high point for ZION and JPM.
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Drawdown Indicators
| ZION | JPM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.20% | -76.16% | -16.04% |
Max Drawdown (1Y)Largest decline over 1 year | -20.66% | -15.47% | -5.19% |
Max Drawdown (3Y)Largest decline over 3 years | -32.43% | -24.42% | -8.01% |
Max Drawdown (5Y)Largest decline over 5 years | -72.23% | -38.77% | -33.46% |
Max Drawdown (10Y)Largest decline over 10 years | -72.23% | -43.63% | -28.60% |
Current DrawdownCurrent decline from peak | -1.61% | -2.47% | +0.86% |
Average DrawdownAverage peak-to-trough decline | -32.41% | -17.61% | -14.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.26% | 6.55% | +0.71% |
Volatility
ZION vs. JPM - Volatility Comparison
The current volatility for Zions Bancorporation, National Association (ZION) is 6.72%, while JPMorgan Chase & Co. (JPM) has a volatility of 7.38%. This indicates that ZION 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
| ZION | JPM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.72% | 7.38% | -0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 19.08% | 17.03% | +2.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.43% | 22.09% | +8.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.56% | 24.46% | +18.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.56% | 27.42% | +12.14% |
Dividends
ZION vs. JPM - Dividend Comparison
ZION's dividend yield for the trailing twelve months is around 2.72%, more than JPM's 1.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPM JPMorgan Chase & Co. | 1.81% | 1.72% | 1.92% | 2.38% | 2.98% | 2.34% | 2.83% | 2.37% | 2.54% | 1.91% | 2.13% | 2.54% |
ZION Zions Bancorporation, National Association | 2.72% | 3.01% | 3.06% | 3.74% | 3.21% | 2.28% | 3.13% | 2.47% | 2.55% | 0.87% | 0.65% | 0.81% |
Financials
ZION vs. JPM - Financials Comparison
This section allows you to compare key financial metrics between Zions Bancorporation, National Association 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
ZION vs. JPM - Profitability Comparison
ZION - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Zions Bancorporation, National Association reported a gross profit of 0.00 and revenue of 996.00M. 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 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%.
ZION - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Zions Bancorporation, National Association reported an operating income of 0.00 and revenue of 996.00M, 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 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%.
ZION - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Zions Bancorporation, National Association reported a net income of 233.00M and revenue of 996.00M, resulting in a net margin of 23.4%.
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
ZION and JPM have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JPM has higher volatility (7.38%) compared to ZION (6.72%). In terms of maximum drawdown, ZION dropped -92.20% vs JPM's -76.16%.
ZION currently has the higher Sharpe Ratio (1.37 vs 0.96), 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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