BBAI vs. PAA
BBAI (BigBear.ai Holdings, Inc.) and PAA (Plains All American Pipeline, L.P.) are both stocks. BBAI operates in Information Technology Services (Technology), while PAA operates in Oil & Gas Midstream (Energy). Over the past 3 years, BBAI returned 28.32%/yr vs 29.12%/yr for PAA. At a 0.10 correlation, their price movements are largely independent.
Performance
BBAI vs. PAA - Performance Comparison
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Returns By Period
In the year-to-date period, BBAI achieves a -20.19% return, which is significantly lower than PAA's 32.09% return.
BBAI
- 1D
- 2.62%
- 1M
- 3.11%
- YTD
- -20.19%
- 6M
- -34.30%
- 1Y
- 11.95%
- 3Y*
- 28.32%
- 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%
BBAI vs. PAA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BBAI BigBear.ai Holdings, Inc. | -20.19% | 21.35% | 107.94% | 217.65% | -88.10% | -27.90% |
PAA Plains All American Pipeline, L.P. | 32.09% | 14.30% | 21.38% | 39.18% | 35.79% | 1.41% |
Correlation
The correlation between BBAI and PAA is -0.05, 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 | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 2021 | 0.10 |
The correlation between BBAI and PAA shifts across timeframes, from -0.05 (1 year) to 0.10 (all time), reflecting how their relationship changes across market environments.
Fundamentals
BBAI:
$20.39B
PAA:
$16.10B
BBAI:
-$0.13
PAA:
$2.19
BBAI:
76.89
PAA:
0.36
BBAI:
25.80
PAA:
1.26
BBAI:
$127.35M
PAA:
$45.25B
BBAI:
$32.81M
PAA:
$1.55B
BBAI:
-$230.18M
PAA:
$2.54B
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Return for Risk
BBAI vs. PAA — Risk / Return Rank
BBAI
PAA
BBAI vs. PAA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BigBear.ai Holdings, Inc. (BBAI) 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.
| BBAI | PAA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.17 | ||
| Sortino ratioReturn per unit of downside risk | -2.12 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.38 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.18 | 2.91 | -2.72 |
| Martin ratioReturn relative to average drawdown | 0.31 | 8.41 | -8.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BBAI | PAA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.12 | 2.29 | -2.17 |
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 | -0.08 | 0.31 | -0.39 |
Drawdowns
BBAI vs. PAA - Drawdown Comparison
The maximum BBAI drawdown since its inception was -95.01%, roughly equal to the maximum PAA drawdown of -91.99%. Use the drawdown chart below to compare losses from any high point for BBAI and PAA.
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Drawdown Indicators
| BBAI | PAA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.01% | -91.99% | -3.02% |
Max Drawdown (1Y)Largest decline over 1 year | -65.88% | -14.53% | -51.35% |
Max Drawdown (3Y)Largest decline over 3 years | -75.56% | -22.26% | -53.30% |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.11% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -87.92% | — |
Current DrawdownCurrent decline from peak | -66.04% | -8.58% | -57.46% |
Average DrawdownAverage peak-to-trough decline | -70.87% | -25.77% | -45.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 38.69% | 5.01% | +33.68% |
Volatility
BBAI vs. PAA - Volatility Comparison
BigBear.ai Holdings, Inc. (BBAI) has a higher volatility of 24.69% compared to Plains All American Pipeline, L.P. (PAA) at 7.29%. This indicates that BBAI's price experiences larger fluctuations and is considered to be riskier than PAA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBAI | PAA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.69% | 7.29% | +17.40% |
Volatility (6M)Calculated over the trailing 6-month period | 56.30% | 14.05% | +42.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 97.07% | 18.45% | +78.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 174.91% | 26.80% | +148.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 174.91% | 41.83% | +133.08% |
Dividends
BBAI vs. PAA - Dividend Comparison
BBAI 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBAI BigBear.ai Holdings, Inc. | 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
BBAI vs. PAA - Financials Comparison
This section allows you to compare key financial metrics between BigBear.ai Holdings, Inc. and Plains All American Pipeline, L.P.. 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
Frequently Asked Questions
BBAI and PAA have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BBAI has higher volatility (24.69%) compared to PAA (7.29%). In terms of maximum drawdown, BBAI dropped -95.01% vs PAA's -91.99%.
PAA currently has the higher Sharpe Ratio (2.29 vs 0.12), 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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