CAAP vs. PAC

Last updated Jun 3, 2026

CAAP (Corporación América Airports S.A.) and PAC (Grupo Aeroportuario del Pacífico, S.A.B. de C.V.) are both stocks. Both operate in the Airports & Air Services industry within the Industrials sector. Over the past 5 years, CAAP returned 37.02%/yr vs 22.92%/yr for PAC. At a 0.29 correlation, their price movements are largely independent.

Performance

CAAP vs. PAC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Corporación América Airports S.A. (CAAP) and Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (PAC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CAAP achieves a 4.04% return, which is significantly higher than PAC's -8.95% return.

CAAP

• 1D: 1.24%
• 1M: 11.36%
• YTD: 4.04%
• 6M: 2.46%
• 1Y: 31.69%
• 3Y*: 35.72%
• 5Y*: 37.02%
• 10Y*: —

PAC

• 1D: 3.73%
• 1M: -3.75%
• YTD: -8.95%
• 6M: 2.90%
• 1Y: 5.15%
• 3Y*: 15.31%
• 5Y*: 22.92%
• 10Y*: 14.08%

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

CAAP vs. PAC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
CAAP Corporación América Airports S.A.	4.04%	39.34%	16.19%	83.96%	51.30%	44.61%	-33.50%	-9.50%	-59.57%
PAC Grupo Aeroportuario del Pacífico, S.A.B. de C.V.	-8.95%	56.30%	4.19%	28.64%	9.79%	29.95%	-6.17%	54.36%	-18.57%

Correlation

The correlation between CAAP and PAC is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (5Y) Calculated over the trailing 5-year period	0.34
Correlation (All Time) Calculated using the full available price history since Feb 2, 2018	0.29

The correlation between CAAP and PAC shifts across timeframes, from 0.29 (all time) to 0.42 (3 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap CAAP : $4.43B PAC : $12.13B
EPS CAAP : $1.77 PAC : $214.01
PE Ratio CAAP : 15.31 PAC : 1.12
PEG Ratio CAAP : 0.03 PAC : 0.07
PS Ratio CAAP : 2.10 PAC : 0.37
PB Ratio CAAP : 2.46 PAC : 0.47
Total Revenue (TTM) CAAP : $2.10B PAC : $32.84B
Gross Profit (TTM) CAAP : $749.06M PAC : $10.93B
EBITDA (TTM) CAAP : $729.23M PAC : $20.54B

Return for Risk

CAAP vs. PAC — Risk / Return Rank

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

CAAP

CAAP Risk / Return Rank: 65
CAAP Sharpe Ratio Rank: 66
CAAP Sortino Ratio Rank: 64
CAAP Omega Ratio Rank: 61
CAAP Calmar Ratio Rank: 67
CAAP Martin Ratio Rank: 65

PAC

PAC Risk / Return Rank: 43
PAC Sharpe Ratio Rank: 46
PAC Sortino Ratio Rank: 40
PAC Omega Ratio Rank: 39
PAC Calmar Ratio Rank: 46
PAC Martin Ratio Rank: 46

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.

CAAP vs. PAC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Corporación América Airports S.A. (CAAP) and Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (PAC). 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.

	CAAP	PAC	Difference
Sharpe ratio Return per unit of total volatility	0.81	0.17	+0.64
Sortino ratio Return per unit of downside risk	1.45	0.45	+1.00
Omega ratio Gain probability vs. loss probability	1.18	1.05	+0.12
Calmar ratio Return relative to maximum drawdown	1.44	0.25	+1.19
Martin ratio Return relative to average drawdown	2.86	0.55	+2.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CAAP vs. PAC - Sharpe Ratio Comparison

The current CAAP Sharpe Ratio is 0.81, which is higher than the PAC Sharpe Ratio of 0.17. The chart below compares the historical Sharpe Ratios of CAAP and PAC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CAAP	PAC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.81	0.17	+0.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.05	0.64	+0.41
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.37	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	0.47	-0.35

Drawdowns

CAAP vs. PAC - Drawdown Comparison

The maximum CAAP drawdown since its inception was -89.88%, which is greater than PAC's maximum drawdown of -73.20%. Use the drawdown chart below to compare losses from any high point for CAAP and PAC.

Drawdown Indicators

	CAAP	PAC	Difference
Max Drawdown Largest peak-to-trough decline	-89.88%	-73.20%	-16.68%
Max Drawdown (1Y) Largest decline over 1 year	-21.68%	-25.31%	+3.63%
Max Drawdown (3Y) Largest decline over 3 years	-26.63%	-42.83%	+16.20%
Max Drawdown (5Y) Largest decline over 5 years	-26.63%	-42.83%	+16.20%
Max Drawdown (10Y) Largest decline over 10 years	—	-66.65%	—
Current Drawdown Current decline from peak	-10.87%	-20.10%	+9.23%
Average Drawdown Average peak-to-trough decline	-42.57%	-16.51%	-26.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.94%	11.66%	-0.72%

Volatility

CAAP vs. PAC - Volatility Comparison

Corporación América Airports S.A. (CAAP) has a higher volatility of 12.42% compared to Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (PAC) at 8.20%. This indicates that CAAP's price experiences larger fluctuations and is considered to be riskier than PAC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CAAP	PAC	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.42%	8.20%	+4.22%
Volatility (6M) Calculated over the trailing 6-month period	25.28%	25.50%	-0.22%
Volatility (1Y) Calculated over the trailing 1-year period	39.12%	30.37%	+8.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.53%	36.06%	-0.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.57%	38.48%	+14.09%

Dividends

CAAP vs. PAC - Dividend Comparison

CAAP has not paid dividends to shareholders, while PAC's dividend yield for the trailing twelve months is around 1.86%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CAAP Corporación América Airports S.A.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PAC Grupo Aeroportuario del Pacífico, S.A.B. de C.V.	1.86%	3.33%	4.14%	4.88%	5.02%	4.17%	0.00%	4.99%	6.27%	5.83%	4.50%	3.98%

Financials

CAAP vs. PAC - Profitability Comparison

The chart below illustrates the profitability comparison between Corporación América Airports S.A. and Grupo Aeroportuario del Pacífico, S.A.B. de C.V. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

CAAP - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Corporación América Airports S.A. reported a gross profit of 198.55M and revenue of 537.62M. Therefore, the gross margin over that period was 36.9%.

PAC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Grupo Aeroportuario del Pacífico, S.A.B. de C.V. reported a gross profit of 6.29B and revenue of 11.37B. Therefore, the gross margin over that period was 55.3%.

CAAP - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Corporación América Airports S.A. reported an operating income of 139.88M and revenue of 537.62M, resulting in an operating margin of 26.0%.

PAC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Grupo Aeroportuario del Pacífico, S.A.B. de C.V. reported an operating income of 5.04B and revenue of 11.37B, resulting in an operating margin of 44.4%.

CAAP - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Corporación América Airports S.A. reported a net income of 77.05M and revenue of 537.62M, resulting in a net margin of 14.3%.

PAC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Grupo Aeroportuario del Pacífico, S.A.B. de C.V. reported a net income of 3.31B and revenue of 11.37B, resulting in a net margin of 29.1%.

Frequently Asked Questions

Can I hold both CAAP and PAC in my portfolio?

CAAP and PAC have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CAAP or PAC?

CAAP has higher volatility (12.42%) compared to PAC (8.20%). In terms of maximum drawdown, CAAP dropped -89.88% vs PAC's -73.20%.

Which has better risk-adjusted returns?

CAAP currently has the higher Sharpe Ratio (0.81 vs 0.17), 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.