AVDL vs. PAA

Last updated Jun 9, 2026

AVDL (Avadel Pharmaceuticals plc) and PAA (Plains All American Pipeline, L.P.) are both stocks. AVDL operates in Drug Manufacturers - Specialty & Generic (Healthcare), while PAA operates in Oil & Gas Midstream (Energy). At a 0.12 correlation, their price movements are largely independent.

Performance

AVDL vs. PAA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avadel Pharmaceuticals plc (AVDL) and Plains All American Pipeline, L.P. (PAA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AVDL

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PAA

• 1D: 0.88%
• 1M: 4.97%
• YTD: 32.09%
• 6M: 35.41%
• 1Y: 42.03%
• 3Y*: 29.12%
• 5Y*: 22.64%
• 10Y*: 5.94%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AVDL vs. PAA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AVDL Avadel Pharmaceuticals plc	0.42%	105.04%	-25.57%	97.21%	-11.39%	20.96%	-11.52%	192.64%	-68.54%	-21.08%
PAA Plains All American Pipeline, L.P.	32.09%	14.30%	21.38%	39.18%	35.79%	22.24%	-50.79%	-2.28%	2.31%	-31.34%

Correlation

The correlation between AVDL and PAA is 0.08, 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	0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.07
Correlation (5Y) Calculated over the trailing 5-year period	0.14
Correlation (10Y) Calculated over the trailing 10-year period	0.16
Correlation (All Time) Calculated using the full available price history since Nov 18, 1998	0.12

Fundamentals

Market Cap AVDL : $2.19B PAA : $16.10B
EPS AVDL : -$0.00 PAA : $2.19
PS Ratio AVDL : 8.72 PAA : 0.36
PB Ratio AVDL : 22.31 PAA : 1.26
Total Revenue (TTM) AVDL : $248.52M PAA : $45.25B
Gross Profit (TTM) AVDL : $234.76M PAA : $1.55B
EBITDA (TTM) AVDL : $10.13M PAA : $2.54B

Return for Risk

AVDL vs. PAA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PAA

PAA Risk / Return Rank: 87
PAA Sharpe Ratio Rank: 91
PAA Sortino Ratio Rank: 90
PAA Omega Ratio Rank: 87
PAA Calmar Ratio Rank: 83
PAA Martin Ratio Rank: 85

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AVDL vs. PAA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avadel Pharmaceuticals plc (AVDL) and Plains All American Pipeline, L.P. (PAA). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	AVDL	PAA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.29	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.85	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.14	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.31	—

Drawdowns

Drawdown Indicators

	AVDL	PAA	Difference
Max Drawdown Largest peak-to-trough decline	—	-91.99%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-14.53%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-22.26%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-26.11%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-87.92%	—
Current Drawdown Current decline from peak	—	-8.58%	—
Average Drawdown Average peak-to-trough decline	—	-25.77%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.01%	—

Volatility

Volatility by Period

	AVDL	PAA	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.29%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.05%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	18.45%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	26.80%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	41.83%	—

Dividends

AVDL vs. PAA - Dividend Comparison

AVDL has not paid dividends to shareholders, while PAA's dividend yield for the trailing twelve months is around 7.00%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVDL Avadel Pharmaceuticals plc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PAA Plains All American Pipeline, L.P.	7.00%	8.46%	7.44%	7.06%	7.08%	7.71%	10.92%	7.50%	5.99%	9.45%	8.21%	11.93%

Financials

Frequently Asked Questions

Can I hold both AVDL and PAA in my portfolio?

AVDL and PAA have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.