JBLU vs. PAA
JBLU (JetBlue Airways Corporation) and PAA (Plains All American Pipeline, L.P.) are both stocks. JBLU operates in Airlines (Industrials), while PAA operates in Oil & Gas Midstream (Energy). Over the past 10 years, JBLU returned -11.38%/yr vs 5.97%/yr for PAA. At a 0.18 correlation, their price movements are largely independent.
Performance
JBLU vs. PAA - Performance Comparison
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Returns By Period
In the year-to-date period, JBLU achieves a 10.11% return, which is significantly lower than PAA's 30.01% return. Over the past 10 years, JBLU has underperformed PAA with an annualized return of -11.38%, while PAA has yielded a comparatively higher 5.97% annualized return.
JBLU
- 1D
- 0.60%
- 1M
- 6.60%
- YTD
- 10.11%
- 6M
- 1.42%
- 1Y
- 5.70%
- 3Y*
- -13.87%
- 5Y*
- -23.12%
- 10Y*
- -11.38%
PAA
- 1D
- -0.18%
- 1M
- 2.51%
- YTD
- 30.01%
- 6M
- 31.47%
- 1Y
- 36.35%
- 3Y*
- 28.99%
- 5Y*
- 22.23%
- 10Y*
- 5.97%
JBLU vs. PAA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JBLU JetBlue Airways Corporation | 10.11% | -42.11% | 41.62% | -14.35% | -54.49% | -2.06% | -22.33% | 16.56% | -28.11% | -0.36% |
PAA Plains All American Pipeline, L.P. | 30.01% | 14.30% | 21.38% | 39.18% | 35.79% | 22.24% | -50.79% | -2.28% | 2.31% | -31.34% |
Correlation
The correlation between JBLU and PAA is -0.13, 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 | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Apr 12, 2002 | 0.18 |
The correlation between JBLU and PAA shifts across timeframes, from -0.13 (1 year) to 0.24 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
JBLU:
-$2.61
PAA:
$2.19
JBLU:
0.15
PAA:
0.35
JBLU:
$9.16B
PAA:
$45.25B
JBLU:
$3.64B
PAA:
$1.55B
JBLU:
$151.00M
PAA:
$2.54B
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Return for Risk
JBLU vs. PAA — Risk / Return Rank
JBLU
PAA
JBLU vs. PAA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JetBlue Airways Corporation (JBLU) 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.
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.
| JBLU | PAA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.88 | ||
| Sortino ratioReturn per unit of downside risk | -2.13 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.33 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.15 | 2.51 | -2.36 |
| Martin ratioReturn relative to average drawdown | 0.33 | 7.17 | -6.84 |
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Drawdowns
JBLU vs. PAA - Drawdown Comparison
The maximum JBLU drawdown since its inception was -90.91%, roughly equal to the maximum PAA drawdown of -91.99%. Use the drawdown chart below to compare losses from any high point for JBLU and PAA.
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Drawdown Indicators
| JBLU | PAA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.91% | -91.99% | +1.08% |
Max Drawdown (1Y)Largest decline over 1 year | -37.62% | -14.53% | -23.09% |
Max Drawdown (3Y)Largest decline over 3 years | -63.29% | -22.26% | -41.03% |
Max Drawdown (5Y)Largest decline over 5 years | -81.31% | -26.11% | -55.20% |
Max Drawdown (10Y)Largest decline over 10 years | -85.58% | -87.92% | +2.34% |
Current DrawdownCurrent decline from peak | -83.96% | -10.03% | -73.93% |
Average DrawdownAverage peak-to-trough decline | -60.44% | -25.75% | -34.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.57% | 5.08% | +12.49% |
Volatility
JBLU vs. PAA - Volatility Comparison
JetBlue Airways Corporation (JBLU) has a higher volatility of 19.93% compared to Plains All American Pipeline, L.P. (PAA) at 7.32%. This indicates that JBLU'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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Volatility by Period
| JBLU | PAA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.93% | 7.32% | +12.61% |
Volatility (6M)Calculated over the trailing 6-month period | 49.25% | 14.09% | +35.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 61.31% | 18.47% | +42.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.17% | 26.81% | +33.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.44% | 41.82% | +12.62% |
Dividends
JBLU vs. PAA - Dividend Comparison
JBLU has not paid dividends to shareholders, while PAA's dividend yield for the trailing twelve months is around 7.11%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JBLU JetBlue Airways Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PAA Plains All American Pipeline, L.P. | 7.11% | 8.46% | 7.44% | 7.06% | 7.08% | 7.71% | 10.92% | 7.50% | 5.99% | 9.45% | 8.21% | 11.93% |
Financials
JBLU vs. PAA - Financials Comparison
This section allows you to compare key financial metrics between JetBlue Airways Corporation 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
JBLU vs. PAA - Profitability Comparison
JBLU - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, JetBlue Airways Corporation reported a gross profit of 966.00M and revenue of 2.24B. Therefore, the gross margin over that period was 43.1%.
PAA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Plains All American Pipeline, L.P. reported a gross profit of 0.00 and revenue of 12.47B. Therefore, the gross margin over that period was 0.0%.
JBLU - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, JetBlue Airways Corporation reported an operating income of -224.00M and revenue of 2.24B, resulting in an operating margin of -10.0%.
PAA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Plains All American Pipeline, L.P. reported an operating income of 405.00M and revenue of 12.47B, resulting in an operating margin of 3.3%.
JBLU - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, JetBlue Airways Corporation reported a net income of -319.00M and revenue of 2.24B, resulting in a net margin of -14.2%.
PAA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Plains All American Pipeline, L.P. reported a net income of 551.00M and revenue of 12.47B, resulting in a net margin of 4.4%.
Frequently Asked Questions
JBLU and PAA have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JBLU has higher volatility (19.93%) compared to PAA (7.32%). In terms of maximum drawdown, JBLU dropped -90.91% vs PAA's -91.99%.
PAA currently has the higher Sharpe Ratio (1.98 vs 0.09), 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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