IRS vs. PAM
IRS (IRSA Inversiones y Representaciones Sociedad Anónima) and PAM (Pampa Energía S.A.) are both stocks. IRS operates in Conglomerates (Industrials), while PAM operates in Utilities - Regulated Electric (Utilities). Over the past 10 years, IRS returned 5.81%/yr vs 12.36%/yr for PAM. At a 0.41 correlation, their price movements are largely independent.
Performance
IRS vs. PAM - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with IRS having a -6.83% return and PAM slightly higher at -6.82%. Over the past 10 years, IRS has underperformed PAM with an annualized return of 5.81%, while PAM has yielded a comparatively higher 12.36% annualized return.
IRS
- 1D
- 1.78%
- 1M
- 10.55%
- YTD
- -6.83%
- 6M
- 1.72%
- 1Y
- 12.54%
- 3Y*
- 44.93%
- 5Y*
- 41.09%
- 10Y*
- 5.81%
PAM
- 1D
- 0.67%
- 1M
- 4.76%
- YTD
- -6.82%
- 6M
- -9.03%
- 1Y
- 10.98%
- 3Y*
- 28.20%
- 5Y*
- 36.47%
- 10Y*
- 12.36%
IRS vs. PAM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IRS IRSA Inversiones y Representaciones Sociedad Anónima | -6.83% | 21.60% | 103.74% | 99.57% | 17.65% | -5.54% | -33.08% | -45.90% | -53.72% | 76.69% |
PAM Pampa Energía S.A. | -6.82% | 0.65% | 77.58% | 55.04% | 51.30% | 53.19% | -16.13% | -48.35% | -52.72% | 93.28% |
Correlation
The correlation between IRS and PAM is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 2009 | 0.41 |
The correlation between IRS and PAM shifts across timeframes, from 0.41 (all time) to 0.62 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
IRS:
$78.60M
PAM:
$4.49B
IRS:
$4.63K
PAM:
$8.05
IRS:
0.00
PAM:
10.24
IRS:
0.00
PAM:
0.11
IRS:
0.00
PAM:
2.08
IRS:
0.00
PAM:
1.19
IRS:
$541.69B
PAM:
$2.16B
IRS:
$354.67B
PAM:
$682.00M
IRS:
$470.65B
PAM:
$1.22B
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Return for Risk
IRS vs. PAM — Risk / Return Rank
IRS
PAM
IRS vs. PAM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IRSA Inversiones y Representaciones Sociedad Anónima (IRS) and Pampa Energía S.A. (PAM). 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.
| IRS | PAM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.09 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.41 | 0.35 | +0.06 |
| Martin ratioReturn relative to average drawdown | 0.82 | 0.86 | -0.03 |
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
| IRS | PAM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.24 | 0.22 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 0.79 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.11 | 0.24 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.04 | 0.25 | -0.21 |
Drawdowns
IRS vs. PAM - Drawdown Comparison
The maximum IRS drawdown since its inception was -92.99%, which is greater than PAM's maximum drawdown of -87.41%. Use the drawdown chart below to compare losses from any high point for IRS and PAM.
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Drawdown Indicators
| IRS | PAM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.99% | -87.41% | -5.58% |
Max Drawdown (1Y)Largest decline over 1 year | -30.64% | -31.59% | +0.95% |
Max Drawdown (3Y)Largest decline over 3 years | -35.01% | -40.40% | +5.39% |
Max Drawdown (5Y)Largest decline over 5 years | -37.93% | -40.40% | +2.47% |
Max Drawdown (10Y)Largest decline over 10 years | -91.24% | -87.41% | -3.83% |
Current DrawdownCurrent decline from peak | -21.07% | -13.08% | -7.99% |
Average DrawdownAverage peak-to-trough decline | -57.44% | -42.43% | -15.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.29% | 12.86% | +2.43% |
Volatility
IRS vs. PAM - Volatility Comparison
IRSA Inversiones y Representaciones Sociedad Anónima (IRS) has a higher volatility of 13.07% compared to Pampa Energía S.A. (PAM) at 11.57%. This indicates that IRS's price experiences larger fluctuations and is considered to be riskier than PAM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IRS | PAM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.07% | 11.57% | +1.50% |
Volatility (6M)Calculated over the trailing 6-month period | 28.32% | 23.91% | +4.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.27% | 51.17% | +2.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.84% | 46.27% | +3.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.63% | 51.94% | +1.69% |
Dividends
IRS vs. PAM - Dividend Comparison
IRS's dividend yield for the trailing twelve months is around 9.18%, while PAM has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
IRS IRSA Inversiones y Representaciones Sociedad Anónima | 9.18% | 8.56% | 10.79% | 18.63% | 3.91% | 0.00% | 1.25% | 0.00% | 0.00% | 9.27% |
PAM Pampa Energía S.A. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
IRS vs. PAM - Financials Comparison
This section allows you to compare key financial metrics between IRSA Inversiones y Representaciones Sociedad Anónima and Pampa Energía S.A.. 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
IRS vs. PAM - Profitability Comparison
IRS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, IRSA Inversiones y Representaciones Sociedad Anónima reported a gross profit of 110.33B and revenue of 144.71B. Therefore, the gross margin over that period was 76.2%.
PAM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Pampa Energía S.A. reported a gross profit of 193.00M and revenue of 573.00M. Therefore, the gross margin over that period was 33.7%.
IRS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, IRSA Inversiones y Representaciones Sociedad Anónima reported an operating income of 110.33B and revenue of 144.71B, resulting in an operating margin of 76.2%.
PAM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Pampa Energía S.A. reported an operating income of 107.00M and revenue of 573.00M, resulting in an operating margin of 18.7%.
IRS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, IRSA Inversiones y Representaciones Sociedad Anónima reported a net income of -7.79B and revenue of 144.71B, resulting in a net margin of -5.4%.
PAM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Pampa Energía S.A. reported a net income of 214.00M and revenue of 573.00M, resulting in a net margin of 37.4%.
Frequently Asked Questions
IRS and PAM have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IRS has higher volatility (13.07%) compared to PAM (11.57%). In terms of maximum drawdown, IRS dropped -92.99% vs PAM's -87.41%.
IRS currently has the higher Sharpe Ratio (0.24 vs 0.22), 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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