JPM vs BAC: JPMorgan Chase & Co. and Bank of America compared

Over the past five years, $10,000 in JPM grew to $25,131, against $16,111 in BAC. It also fell less at its worst: −38%, against −46%.

stock head-to-headdividends reinvesteddata through Sep 2026

growth of $10,000
as of Sep 2026JPM $25,131BAC $16,111

the gap between themJPM ahead by $9,021

JPM solid · BAC dashed · weekly closes, dividends reinvested

who comes out aheadJPM 3 · 1 BAC

JPM wins 3 of 4. Which matters depends on what you need it for.

  • Grew more over five yearsJPM +151% · BAC +61%JPMorgan Chase & Co. logoJPM
  • Fell less at its worstJPM −38% · BAC −46%JPMorgan Chase & Co. logoJPM
  • Calmer rideJPM 25% vol · BAC 29% volJPMorgan Chase & Co. logoJPM
  • Pays more incomeJPM 1.89% · BAC 2.22%Bank of America logoBAC

move together · correlation 0.85

01The numbers

Side by side, line by line

head to head11 lines
JPM and BAC compared on price, size, returns, risk and cost
MetricJPMorgan Chase & Co. logoJPMBank of America logoBAC
Price$349.67$57.73
Market value$929.49B$403.69B
1-year return+13.2% (ahead)+12.8%
3-year return, a year+35.9% (ahead)+29.1%
5-year return, a year+20.2% (ahead)+10.0%
Volatility, a year25% (ahead)29%
Worst drawdown−38% (ahead)−46%
Worst week−12.9% (ahead)Mar 2025−16.6%Mar 2025
Beta0.971.16
P/E ratio15.0×13.3×
Dividend yield1.89%2.22%
marks the side ahead on lines with a direction: higher return, lower volatility, shallower fall, lower fee
02Together

Do JPM and BAC move together?

correlationmove together
0.85Move together: most weeks they go the same way. Owning both spreads company risk, not market risk.

Correlation compares JPM’s and BAC’s weekly returns from Sep 2021 to Sep 2026. Two holdings near +1 fall on the same weeks, so owning both doesn’t cushion anything. Your portfolio has more than two lines, and Portfolio Terminal runs this check across every pair you hold.

Pearson correlation of weekly returns|+1 always together, 0 unrelated, −1 always opposite
03Drawdowns

How far each one fell

drawdownsbelow each one’s previous high
as of Sep 2026JPM −3.6%BAC −10.0%

JPM

−38%

From its Oct 2021 high to Sep 2022. Back at that high by Dec 2023.

BAC

−46%

From its Jan 2022 high to Oct 2023. Back at that high by Nov 2024.

Worst peak-to-trough fall on weekly closes · dividends reinvested

04Questions

JPM vs BAC: what people ask

questions5 answered

Is JPM better than BAC?

Over the past five years, JPM delivered the higher return: +20.2% a year against +10.0% for BAC, dividends reinvested. Its worst fall was also shallower (−38% against −46%). Which is better depends on the job it does in your portfolio, and past returns don’t predict future ones.

What is the difference between JPM and BAC?

JPM is JPMorgan Chase & Co. (Banks—Diversified), worth $929.49B. BAC is Bank of America (Banks—Diversified), worth $403.69B.

Should I own both JPM and BAC?

Their weekly returns had a correlation of 0.85 over the past five years. Most weeks they go the same way. Owning both spreads company risk, not market risk. Whether that suits you depends on everything else you hold, which is the check Portfolio Terminal runs across a whole portfolio.

Which is riskier, JPM or BAC?

BAC swung more: 29% annual volatility against 25% for JPM. At their worst, JPM fell 38% and BAC 46% from a previous high. Against the broad market, their betas are 0.97 and 1.16.

Which pays a higher dividend, JPM or BAC?

BAC currently yields 2.22%, against 1.89% for JPM. Yields move with price, so a higher yield can also mean a falling price.

Compare something else

Any two stocks or ETFs. Keep JPM or swap both.

JPMorgan Chase & Co. logo
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Returns use weekly closes adjusted for dividends and splits, from Sep 2021 to Sep 2026. Quotes, fees and holdings come from public market data and refresh hourly. This page describes what happened; it is not investment advice, and past performance doesn’t predict future returns.