ACGL vs. PIPR
ACGL (Arch Capital Group Ltd.) and PIPR (Piper Sandler Companies) are both stocks. Both are in the Financial Services sector — ACGL in Insurance - Diversified, PIPR in Capital Markets. Over the past 10 years, ACGL returned 16.29%/yr vs 24.78%/yr for PIPR. At a 0.39 correlation, their price movements are largely independent.
Performance
ACGL vs. PIPR - Performance Comparison
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Returns By Period
In the year-to-date period, ACGL achieves a 5.36% return, which is significantly higher than PIPR's -13.26% return. Over the past 10 years, ACGL has underperformed PIPR with an annualized return of 16.29%, while PIPR has yielded a comparatively higher 24.78% annualized return.
ACGL
- 1D
- -0.63%
- 1M
- 10.90%
- 6M
- 6.18%
- YTD
- 5.36%
- 1Y
- 15.05%
- 3Y*
- 11.87%
- 5Y*
- 22.52%
- 10Y*
- 16.29%
PIPR
- 1D
- -1.82%
- 1M
- -7.47%
- 6M
- -18.42%
- YTD
- -13.26%
- 1Y
- -2.12%
- 3Y*
- 31.32%
- 5Y*
- 21.93%
- 10Y*
- 24.78%
ACGL vs. PIPR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ACGL Arch Capital Group Ltd. | 5.36% | 3.87% | 30.76% | 18.30% | 41.24% | 23.23% | -15.90% | 60.52% | -11.69% | 5.19% |
PIPR Piper Sandler Companies | -13.26% | 15.52% | 74.24% | 37.78% | -23.41% | 85.33% | 29.64% | 23.88% | -20.69% | 21.22% |
Correlation
The correlation between ACGL and PIPR is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2004 | 0.39 |
Over the past year, the correlation between ACGL and PIPR has dropped to 0.04 - well below their long-term average of 0.39, suggesting their price drivers have been diverging.
Fundamentals
ACGL:
$35.31B
PIPR:
$4.87B
ACGL:
$13.15
PIPR:
$3.95
ACGL:
7.69
PIPR:
18.24
ACGL:
0.17
PIPR:
1.21
ACGL:
1.90
PIPR:
2.57
ACGL:
1.56
PIPR:
3.83
ACGL:
$19.70B
PIPR:
$2.00B
ACGL:
$8.44B
PIPR:
$1.95B
ACGL:
$5.80B
PIPR:
$455.82M
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Return for Risk
ACGL vs. PIPR — Risk / Return Rank
ACGL
PIPR
ACGL vs. PIPR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Arch Capital Group Ltd. (ACGL) and Piper Sandler Companies (PIPR). 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.
| ACGL | PIPR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.02 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.01 | -0.09 | +1.10 |
| Martin ratioReturn relative to average drawdown | 2.61 | -0.19 | +2.80 |
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Drawdowns
ACGL vs. PIPR - Drawdown Comparison
The maximum ACGL drawdown since its inception was -54.70%, smaller than the maximum PIPR drawdown of -76.97%. Use the drawdown chart below to compare losses from any high point for ACGL and PIPR.
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Drawdown Indicators
| ACGL | PIPR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.70% | -76.97% | +22.27% |
Max Drawdown (1Y)Largest decline over 1 year | -14.08% | -24.56% | +10.48% |
Max Drawdown (3Y)Largest decline over 3 years | -22.43% | -38.78% | +16.35% |
Max Drawdown (5Y)Largest decline over 5 years | -22.43% | -42.30% | +19.87% |
Max Drawdown (10Y)Largest decline over 10 years | -53.84% | -63.02% | +9.18% |
Current DrawdownCurrent decline from peak | -7.47% | -22.06% | +14.59% |
Average DrawdownAverage peak-to-trough decline | -11.72% | -30.56% | +18.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.43% | 11.45% | -6.02% |
Volatility
ACGL vs. PIPR - Volatility Comparison
The current volatility for Arch Capital Group Ltd. (ACGL) is 6.08%, while Piper Sandler Companies (PIPR) has a volatility of 11.17%. This indicates that ACGL experiences smaller price fluctuations and is considered to be less risky than PIPR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ACGL | PIPR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.08% | 11.17% | -5.09% |
Volatility (6M)Calculated over the trailing 6-month period | 15.58% | 27.76% | -12.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.84% | 35.06% | -14.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.51% | 35.41% | -10.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.56% | 36.54% | -8.98% |
Dividends
ACGL vs. PIPR - Dividend Comparison
ACGL has not paid dividends to shareholders, while PIPR's dividend yield for the trailing twelve months is around 2.74%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
ACGL Arch Capital Group Ltd. | 0.00% | 0.00% | 5.41% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PIPR Piper Sandler Companies | 2.74% | 1.68% | 1.17% | 2.09% | 5.30% | 3.81% | 1.98% | 1.88% | 4.74% | 1.45% |
Financials
ACGL vs. PIPR - Financials Comparison
This section allows you to compare key financial metrics between Arch Capital Group Ltd. and Piper Sandler Companies. 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
ACGL vs. PIPR - Profitability Comparison
ACGL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Arch Capital Group Ltd. reported a gross profit of 2.27B and revenue of 4.36B. Therefore, the gross margin over that period was 52.1%.
PIPR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Piper Sandler Companies reported a gross profit of 456.39M and revenue of 475.15M. Therefore, the gross margin over that period was 96.1%.
ACGL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Arch Capital Group Ltd. reported an operating income of 1.15B and revenue of 4.36B, resulting in an operating margin of 26.3%.
PIPR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Piper Sandler Companies reported an operating income of 88.67M and revenue of 475.15M, resulting in an operating margin of 18.7%.
ACGL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Arch Capital Group Ltd. reported a net income of 1.05B and revenue of 4.36B, resulting in a net margin of 24.0%.
PIPR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Piper Sandler Companies reported a net income of 65.24M and revenue of 475.15M, resulting in a net margin of 13.7%.
Frequently Asked Questions
ACGL and PIPR have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PIPR has higher volatility (11.17%) compared to ACGL (6.08%). In terms of maximum drawdown, ACGL dropped -54.70% vs PIPR's -76.97%.
ACGL currently has the higher Sharpe Ratio (0.68 vs -0.06), 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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