GCT vs. PIPR
GCT (GigaCloud Technology Inc) and PIPR (Piper Sandler Companies) are both stocks. GCT operates in Software - Infrastructure (Technology), while PIPR operates in Capital Markets (Financial Services). Over the past 3 years, GCT returned 69.39%/yr vs 31.32%/yr for PIPR. At a 0.24 correlation, their price movements are largely independent.
Performance
GCT vs. PIPR - Performance Comparison
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Returns By Period
In the year-to-date period, GCT achieves a -12.40% return, which is significantly higher than PIPR's -13.26% return.
GCT
- 1D
- -1.21%
- 1M
- 2.87%
- 6M
- -17.68%
- YTD
- -12.40%
- 1Y
- 65.75%
- 3Y*
- 69.39%
- 5Y*
- —
- 10Y*
- —
PIPR
- 1D
- -1.82%
- 1M
- -7.47%
- 6M
- -18.42%
- YTD
- -13.26%
- 1Y
- -2.12%
- 3Y*
- 31.32%
- 5Y*
- 21.93%
- 10Y*
- 24.78%
GCT vs. PIPR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
GCT GigaCloud Technology Inc | -12.40% | 112.10% | 1.23% | 221.53% | -70.36% |
PIPR Piper Sandler Companies | -13.26% | 15.52% | 74.24% | 37.78% | -0.95% |
Correlation
The correlation between GCT and PIPR is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Aug 18, 2022 | 0.24 |
The correlation between GCT and PIPR shifts across timeframes, from 0.24 (all time) to 0.36 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
GCT:
$1.28B
PIPR:
$4.87B
GCT:
$3.95
PIPR:
$3.95
GCT:
8.71
PIPR:
18.24
GCT:
0.11
PIPR:
1.21
GCT:
0.94
PIPR:
2.57
GCT:
2.48
PIPR:
3.83
GCT:
$1.38B
PIPR:
$2.00B
GCT:
$322.79M
PIPR:
$1.95B
GCT:
$177.88M
PIPR:
$455.82M
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Return for Risk
GCT vs. PIPR — Risk / Return Rank
GCT
PIPR
GCT vs. PIPR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GigaCloud Technology Inc (GCT) and Piper Sandler Companies (PIPR). 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.
| GCT | PIPR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.87 | ||
| Sortino ratioReturn per unit of downside risk | +1.77 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.02 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | -0.09 | +1.69 |
| Martin ratioReturn relative to average drawdown | 3.72 | -0.19 | +3.91 |
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Drawdowns
GCT vs. PIPR - Drawdown Comparison
The maximum GCT drawdown since its inception was -91.11%, which is greater than PIPR's maximum drawdown of -76.97%. Use the drawdown chart below to compare losses from any high point for GCT and PIPR.
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Drawdown Indicators
| GCT | PIPR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.11% | -76.97% | -14.14% |
Max Drawdown (1Y)Largest decline over 1 year | -39.13% | -24.56% | -14.57% |
Max Drawdown (3Y)Largest decline over 3 years | -73.16% | -38.78% | -34.38% |
Max Drawdown (5Y)Largest decline over 5 years | — | -42.30% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -63.02% | — |
Current DrawdownCurrent decline from peak | -33.57% | -22.06% | -11.51% |
Average DrawdownAverage peak-to-trough decline | -55.65% | -30.56% | -25.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.75% | 11.45% | +5.30% |
Volatility
GCT vs. PIPR - Volatility Comparison
GigaCloud Technology Inc (GCT) has a higher volatility of 12.16% compared to Piper Sandler Companies (PIPR) at 11.17%. This indicates that GCT's price experiences larger fluctuations and is considered to be riskier than PIPR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GCT | PIPR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.16% | 11.17% | +0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 50.94% | 27.76% | +23.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 77.57% | 35.06% | +42.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 143.64% | 35.41% | +108.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 143.64% | 36.54% | +107.10% |
Dividends
GCT vs. PIPR - Dividend Comparison
GCT has not paid dividends to shareholders, while PIPR's dividend yield for the trailing twelve months is around 2.74%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
GCT GigaCloud Technology Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PIPR Piper Sandler Companies | 2.74% | 1.68% | 1.17% | 2.09% | 5.30% | 3.81% | 1.98% | 1.88% | 4.74% | 1.45% |
Financials
GCT vs. PIPR - Financials Comparison
This section allows you to compare key financial metrics between GigaCloud Technology Inc and Piper Sandler Companies. 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
GCT vs. PIPR - Profitability Comparison
GCT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, GigaCloud Technology Inc reported a gross profit of 85.85M and revenue of 359.49M. Therefore, the gross margin over that period was 23.9%.
PIPR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Piper Sandler Companies reported a gross profit of 456.39M and revenue of 475.15M. Therefore, the gross margin over that period was 96.1%.
GCT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, GigaCloud Technology Inc reported an operating income of 42.48M and revenue of 359.49M, resulting in an operating margin of 11.8%.
PIPR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Piper Sandler Companies reported an operating income of 88.67M and revenue of 475.15M, resulting in an operating margin of 18.7%.
GCT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, GigaCloud Technology Inc reported a net income of 38.12M and revenue of 359.49M, resulting in a net margin of 10.6%.
PIPR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Piper Sandler Companies reported a net income of 65.24M and revenue of 475.15M, resulting in a net margin of 13.7%.
Frequently Asked Questions
GCT and PIPR have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GCT has higher volatility (12.16%) compared to PIPR (11.17%). In terms of maximum drawdown, GCT dropped -91.11% vs PIPR's -76.97%.
GCT currently has the higher Sharpe Ratio (0.80 vs -0.06), 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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