ET vs. PAA
Compare and contrast key facts about Energy Transfer LP (ET) and Plains All American Pipeline, L.P. (PAA).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ET or PAA.
Correlation
The correlation between ET and PAA is 0.40, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
ET vs. PAA - Performance Comparison
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Key characteristics
ET:
0.85
PAA:
0.28
ET:
1.26
PAA:
0.50
ET:
1.17
PAA:
1.07
ET:
0.92
PAA:
0.16
ET:
2.97
PAA:
0.90
ET:
7.63%
PAA:
7.31%
ET:
27.54%
PAA:
28.11%
ET:
-87.81%
PAA:
-91.99%
ET:
-10.77%
PAA:
-34.23%
Fundamentals
ET:
$61.77B
PAA:
$12.36B
ET:
$1.32
PAA:
$0.93
ET:
13.64
PAA:
18.90
ET:
0.80
PAA:
2.27
ET:
0.75
PAA:
0.25
ET:
1.75
PAA:
1.28
ET:
$82.06B
PAA:
$50.14B
ET:
$14.68B
PAA:
$13.75B
ET:
$13.56B
PAA:
$2.04B
Returns By Period
In the year-to-date period, ET achieves a -3.99% return, which is significantly lower than PAA's 6.12% return. Over the past 10 years, ET has outperformed PAA with an annualized return of 1.99%, while PAA has yielded a comparatively lower -2.28% annualized return.
ET
-3.99%
10.04%
9.99%
23.19%
31.32%
1.99%
PAA
6.12%
3.65%
6.94%
7.72%
25.17%
-2.28%
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Risk-Adjusted Performance
ET vs. PAA — Risk-Adjusted Performance Rank
ET
PAA
ET vs. PAA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Energy Transfer LP (ET) 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.
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Dividends
ET vs. PAA - Dividend Comparison
ET's dividend yield for the trailing twelve months is around 7.13%, less than PAA's 8.01% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ET Energy Transfer LP | 7.13% | 6.51% | 8.96% | 7.33% | 7.44% | 17.28% | 9.51% | 9.24% | 6.66% | 5.90% | 7.42% | 2.61% |
PAA Plains All American Pipeline, L.P. | 8.01% | 7.44% | 7.06% | 7.08% | 7.71% | 13.11% | 7.50% | 5.99% | 9.45% | 8.21% | 11.93% | 4.97% |
Drawdowns
ET vs. PAA - Drawdown Comparison
The maximum ET drawdown since its inception was -87.81%, roughly equal to the maximum PAA drawdown of -91.99%. Use the drawdown chart below to compare losses from any high point for ET and PAA. For additional features, visit the drawdowns tool.
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Volatility
ET vs. PAA - Volatility Comparison
Energy Transfer LP (ET) has a higher volatility of 11.63% compared to Plains All American Pipeline, L.P. (PAA) at 10.03%. This indicates that ET'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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Financials
ET vs. PAA - Financials Comparison
This section allows you to compare key financial metrics between Energy Transfer LP 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
ET vs. PAA - Profitability Comparison
ET - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Energy Transfer LP reported a gross profit of 4.08B and revenue of 21.02B. Therefore, the gross margin over that period was 19.4%.
PAA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Plains All American Pipeline, L.P. reported a gross profit of 620.00M and revenue of 12.01B. Therefore, the gross margin over that period was 5.2%.
ET - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Energy Transfer LP reported an operating income of 2.49B and revenue of 21.02B, resulting in an operating margin of 11.9%.
PAA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Plains All American Pipeline, L.P. reported an operating income of 533.00M and revenue of 12.01B, resulting in an operating margin of 4.4%.
ET - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Energy Transfer LP reported a net income of 1.32B and revenue of 21.02B, resulting in a net margin of 6.3%.
PAA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Plains All American Pipeline, L.P. reported a net income of 443.00M and revenue of 12.01B, resulting in a net margin of 3.7%.