AM vs. PEP
AM (Antero Midstream Corporation) and PEP (PepsiCo, Inc.) are both stocks. AM operates in Oil & Gas Midstream (Energy), while PEP operates in Beverages - Non-Alcoholic (Consumer Defensive). Over the past 10 years, AM returned 7.42%/yr vs 6.45%/yr for PEP. At a 0.08 correlation, their price movements are largely independent.
Performance
AM vs. PEP - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AM achieves a 22.27% return, which is significantly higher than PEP's 0.20% return. Over the past 10 years, AM has outperformed PEP with an annualized return of 7.42%, while PEP has yielded a comparatively lower 6.45% annualized return.
AM
- 1D
- 0.28%
- 1M
- -3.27%
- YTD
- 22.27%
- 6M
- 20.24%
- 1Y
- 18.26%
- 3Y*
- 33.36%
- 5Y*
- 24.91%
- 10Y*
- 7.42%
PEP
- 1D
- 0.38%
- 1M
- -7.79%
- YTD
- 0.20%
- 6M
- -1.92%
- 1Y
- 12.44%
- 3Y*
- -5.24%
- 5Y*
- 2.25%
- 10Y*
- 6.45%
AM vs. PEP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AM Antero Midstream Corporation | 22.27% | 24.37% | 28.46% | 25.73% | 21.98% | 39.55% | 27.59% | -60.29% | -22.28% | -2.32% |
PEP PepsiCo, Inc. | 0.20% | -1.85% | -7.60% | -3.29% | 6.78% | 20.56% | 11.67% | 27.38% | -4.81% | 17.82% |
Correlation
The correlation between AM and PEP is 0.01, 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 | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2014 | 0.08 |
The correlation between AM and PEP shifts across timeframes, from 0.01 (1 year) to 0.13 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
AM:
$10.17B
PEP:
$195.42B
AM:
$0.85
PEP:
$6.37
AM:
24.92
PEP:
22.37
AM:
4.30
PEP:
7.74
AM:
8.09
PEP:
2.05
AM:
5.25
PEP:
9.14
AM:
$1.26B
PEP:
$95.45B
AM:
$620.66M
PEP:
$51.60B
AM:
$955.64M
PEP:
$15.08B
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
AM vs. PEP — Risk / Return Rank
AM
PEP
AM vs. PEP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Antero Midstream Corporation (AM) and PepsiCo, Inc. (PEP). 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.
| AM | PEP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.12 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.45 | 0.77 | +0.68 |
| Martin ratioReturn relative to average drawdown | 3.03 | 2.12 | +0.91 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| AM | PEP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.88 | 0.58 | +0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.94 | 0.12 | +0.82 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.18 | 0.33 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.13 | 0.38 | -0.24 |
Drawdowns
AM vs. PEP - Drawdown Comparison
The maximum AM drawdown since its inception was -93.01%, which is greater than PEP's maximum drawdown of -73.92%. Use the drawdown chart below to compare losses from any high point for AM and PEP.
Loading charts...
Drawdown Indicators
| AM | PEP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.01% | -73.92% | -19.09% |
Max Drawdown (1Y)Largest decline over 1 year | -12.67% | -16.25% | +3.58% |
Max Drawdown (3Y)Largest decline over 3 years | -13.98% | -29.17% | +15.19% |
Max Drawdown (5Y)Largest decline over 5 years | -21.91% | -30.32% | +8.41% |
Max Drawdown (10Y)Largest decline over 10 years | -93.01% | -30.32% | -62.69% |
Current DrawdownCurrent decline from peak | -8.94% | -19.58% | +10.64% |
Average DrawdownAverage peak-to-trough decline | -31.45% | -13.64% | -17.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.05% | 5.87% | +0.18% |
Volatility
AM vs. PEP - Volatility Comparison
Antero Midstream Corporation (AM) and PepsiCo, Inc. (PEP) have volatilities of 6.38% and 6.35%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AM | PEP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.38% | 6.35% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 14.56% | 14.90% | -0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.89% | 21.71% | -0.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.60% | 18.38% | +8.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.01% | 19.66% | +22.35% |
Dividends
AM vs. PEP - Dividend Comparison
AM's dividend yield for the trailing twelve months is around 4.23%, more than PEP's 3.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AM Antero Midstream Corporation | 4.23% | 5.06% | 5.96% | 7.18% | 8.34% | 10.15% | 15.95% | 18.28% | 7.53% | 4.27% | 3.14% | 2.93% |
PEP PepsiCo, Inc. | 3.99% | 3.92% | 3.51% | 2.91% | 2.50% | 2.45% | 2.71% | 2.77% | 3.25% | 2.64% | 2.83% | 2.76% |
Financials
AM vs. PEP - Financials Comparison
This section allows you to compare key financial metrics between Antero Midstream Corporation and PepsiCo, Inc.. 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
AM vs. PEP - Profitability Comparison
AM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Antero Midstream Corporation reported a gross profit of 0.00 and revenue of 314.21M. Therefore, the gross margin over that period was 0.0%.
PEP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, PepsiCo, Inc. reported a gross profit of 10.73B and revenue of 19.44B. Therefore, the gross margin over that period was 55.2%.
AM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Antero Midstream Corporation reported an operating income of 188.61M and revenue of 314.21M, resulting in an operating margin of 60.0%.
PEP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, PepsiCo, Inc. reported an operating income of 3.21B and revenue of 19.44B, resulting in an operating margin of 16.5%.
AM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Antero Midstream Corporation reported a net income of 118.27M and revenue of 314.21M, resulting in a net margin of 37.6%.
PEP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, PepsiCo, Inc. reported a net income of 2.34B and revenue of 19.44B, resulting in a net margin of 12.0%.
Frequently Asked Questions
AM and PEP have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AM has higher volatility (6.38%) compared to PEP (6.35%). In terms of maximum drawdown, AM dropped -93.01% vs PEP's -73.92%.
AM currently has the higher Sharpe Ratio (0.88 vs 0.58), 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 AM and PEP
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