CPA vs. VNOM
CPA (Copa Holdings, S.A.) and VNOM (Viper Energy Partners LP) are both stocks. CPA operates in Airlines (Industrials), while VNOM operates in Oil & Gas Midstream (Energy). Over the past 10 years, CPA returned 14.35%/yr vs 15.99%/yr for VNOM. At a 0.19 correlation, their price movements are largely independent.
Performance
CPA vs. VNOM - Performance Comparison
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Returns By Period
In the year-to-date period, CPA achieves a 28.99% return, which is significantly higher than VNOM's 16.04% return. Over the past 10 years, CPA has underperformed VNOM with an annualized return of 14.35%, while VNOM has yielded a comparatively higher 15.99% annualized return.
CPA
- 1D
- -0.69%
- 1M
- 12.25%
- YTD
- 28.99%
- 6M
- 27.57%
- 1Y
- 55.68%
- 3Y*
- 17.65%
- 5Y*
- 18.61%
- 10Y*
- 14.35%
VNOM
- 1D
- 0.28%
- 1M
- -6.85%
- YTD
- 16.04%
- 6M
- 16.98%
- 1Y
- 19.33%
- 3Y*
- 27.55%
- 5Y*
- 25.16%
- 10Y*
- 15.99%
CPA vs. VNOM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CPA Copa Holdings, S.A. | 28.99% | 45.60% | -11.54% | 32.38% | 0.62% | 7.03% | -27.90% | 41.09% | -39.17% | 50.74% |
VNOM Viper Energy Partners LP | 16.04% | -16.58% | 65.52% | 4.83% | 61.69% | 94.24% | -50.69% | 0.66% | 19.60% | 55.99% |
Correlation
The correlation between CPA and VNOM is -0.17, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2014 | 0.19 |
The correlation between CPA and VNOM shifts across timeframes, from -0.17 (1 year) to 0.21 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
CPA:
$6.26B
VNOM:
$7.92B
CPA:
$17.16
VNOM:
-$0.29
CPA:
1.66
VNOM:
4.27
CPA:
2.18
VNOM:
1.55
CPA:
$3.77B
VNOM:
$1.60B
CPA:
$1.23B
VNOM:
$740.00M
CPA:
$1.20B
VNOM:
$1.04B
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Return for Risk
CPA vs. VNOM — Risk / Return Rank
CPA
VNOM
CPA vs. VNOM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Copa Holdings, S.A. (CPA) and Viper Energy Partners LP (VNOM). 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.
| CPA | VNOM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.68 | ||
| Sortino ratioReturn per unit of downside risk | +1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.13 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 1.39 | +0.53 |
| Martin ratioReturn relative to average drawdown | 4.96 | 3.36 | +1.61 |
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Drawdowns
CPA vs. VNOM - Drawdown Comparison
The maximum CPA drawdown since its inception was -78.99%, smaller than the maximum VNOM drawdown of -86.96%. Use the drawdown chart below to compare losses from any high point for CPA and VNOM.
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Drawdown Indicators
| CPA | VNOM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.99% | -86.96% | +7.97% |
Max Drawdown (1Y)Largest decline over 1 year | -29.22% | -13.98% | -15.24% |
Max Drawdown (3Y)Largest decline over 3 years | -33.47% | -34.46% | +0.99% |
Max Drawdown (5Y)Largest decline over 5 years | -42.52% | -34.46% | -8.06% |
Max Drawdown (10Y)Largest decline over 10 years | -78.94% | -86.96% | +8.02% |
Current DrawdownCurrent decline from peak | -0.69% | -16.00% | +15.31% |
Average DrawdownAverage peak-to-trough decline | -27.74% | -31.61% | +3.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.26% | 5.77% | +5.49% |
Volatility
CPA vs. VNOM - Volatility Comparison
Copa Holdings, S.A. (CPA) has a higher volatility of 13.08% compared to Viper Energy Partners LP (VNOM) at 6.27%. This indicates that CPA's price experiences larger fluctuations and is considered to be riskier than VNOM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CPA | VNOM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.08% | 6.27% | +6.81% |
Volatility (6M)Calculated over the trailing 6-month period | 35.39% | 19.66% | +15.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.03% | 28.98% | +12.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.37% | 35.76% | +0.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.93% | 45.18% | -0.25% |
Dividends
CPA vs. VNOM - Dividend Comparison
CPA's dividend yield for the trailing twelve months is around 4.37%, less than VNOM's 5.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CPA Copa Holdings, S.A. | 4.37% | 5.34% | 7.33% | 3.09% | 0.00% | 0.00% | 1.04% | 2.41% | 4.42% | 1.88% | 2.25% | 6.96% |
VNOM Viper Energy Partners LP | 5.29% | 6.03% | 4.89% | 5.58% | 7.68% | 5.16% | 5.85% | 7.38% | 8.14% | 5.27% | 4.83% | 6.16% |
Financials
CPA vs. VNOM - Financials Comparison
This section allows you to compare key financial metrics between Copa Holdings, S.A. and Viper Energy Partners LP. 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
CPA vs. VNOM - Profitability Comparison
CPA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Copa Holdings, S.A. reported a gross profit of 377.63M and revenue of 1.05B. Therefore, the gross margin over that period was 35.9%.
VNOM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Viper Energy Partners LP reported a gross profit of 255.00M and revenue of 496.00M. Therefore, the gross margin over that period was 51.4%.
CPA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Copa Holdings, S.A. reported an operating income of 258.64M and revenue of 1.05B, resulting in an operating margin of 24.6%.
VNOM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Viper Energy Partners LP reported an operating income of 238.00M and revenue of 496.00M, resulting in an operating margin of 48.0%.
CPA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Copa Holdings, S.A. reported a net income of 212.47M and revenue of 1.05B, resulting in a net margin of 20.2%.
VNOM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Viper Energy Partners LP reported a net income of 97.00M and revenue of 496.00M, resulting in a net margin of 19.6%.
Frequently Asked Questions
CPA and VNOM have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CPA has higher volatility (13.08%) compared to VNOM (6.27%). In terms of maximum drawdown, CPA dropped -78.99% vs VNOM's -86.96%.
CPA currently has the higher Sharpe Ratio (1.36 vs 0.68), 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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