JEF vs. PIPR
JEF (Jefferies Financial Group Inc.) and PIPR (Piper Sandler Companies) are both stocks. Both are in the Financial Services sector — JEF in Financial Conglomerates, PIPR in Capital Markets. Over the past 10 years, JEF returned 17.89%/yr vs 26.34%/yr for PIPR. A 0.58 correlation means they provide meaningful diversification when combined.
Performance
JEF vs. PIPR - Performance Comparison
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Returns By Period
In the year-to-date period, JEF achieves a -5.14% return, which is significantly higher than PIPR's -7.48% return. Over the past 10 years, JEF has underperformed PIPR with an annualized return of 17.89%, while PIPR has yielded a comparatively higher 26.34% annualized return.
JEF
- 1D
- 3.97%
- 1M
- 10.13%
- YTD
- -5.14%
- 6M
- -0.43%
- 1Y
- 13.73%
- 3Y*
- 25.68%
- 5Y*
- 17.11%
- 10Y*
- 17.89%
PIPR
- 1D
- 0.31%
- 1M
- -4.84%
- YTD
- -7.48%
- 6M
- -10.47%
- 1Y
- 19.55%
- 3Y*
- 33.78%
- 5Y*
- 23.01%
- 10Y*
- 26.34%
JEF vs. PIPR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JEF Jefferies Financial Group Inc. | -5.14% | -18.78% | 98.84% | 27.74% | -8.46% | 61.95% | 19.00% | 44.18% | -33.15% | 15.42% |
PIPR Piper Sandler Companies | -7.48% | 15.52% | 74.24% | 37.78% | -23.41% | 85.33% | 29.64% | 23.88% | -20.69% | 21.22% |
Correlation
The correlation between JEF and PIPR is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2004 | 0.58 |
The correlation between JEF and PIPR shifts across timeframes, from 0.58 (all time) to 0.73 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
JEF:
$4.87
PIPR:
$3.96
JEF:
11.90
PIPR:
19.43
JEF:
0.86
PIPR:
1.29
JEF:
0.77
PIPR:
2.74
JEF:
$11.22B
PIPR:
$2.00B
JEF:
$6.66B
PIPR:
$1.95B
JEF:
$1.12B
PIPR:
$455.82M
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Return for Risk
JEF vs. PIPR — Risk / Return Rank
JEF
PIPR
JEF vs. PIPR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Jefferies Financial Group Inc. (JEF) 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.
| JEF | PIPR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.13 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.29 | 0.80 | -0.51 |
| Martin ratioReturn relative to average drawdown | 0.64 | 1.92 | -1.28 |
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
| JEF | PIPR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.34 | 0.58 | -0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.66 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.72 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.23 | +0.22 |
Drawdowns
JEF vs. PIPR - Drawdown Comparison
The maximum JEF drawdown since its inception was -80.74%, roughly equal to the maximum PIPR drawdown of -76.97%. Use the drawdown chart below to compare losses from any high point for JEF and PIPR.
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Drawdown Indicators
| JEF | PIPR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.74% | -76.97% | -3.77% |
Max Drawdown (1Y)Largest decline over 1 year | -48.05% | -24.56% | -23.49% |
Max Drawdown (3Y)Largest decline over 3 years | -54.39% | -38.78% | -15.61% |
Max Drawdown (5Y)Largest decline over 5 years | -54.39% | -42.30% | -12.09% |
Max Drawdown (10Y)Largest decline over 10 years | -54.39% | -63.02% | +8.63% |
Current DrawdownCurrent decline from peak | -26.11% | -16.86% | -9.25% |
Average DrawdownAverage peak-to-trough decline | -25.53% | -30.62% | +5.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.39% | 10.20% | +11.19% |
Volatility
JEF vs. PIPR - Volatility Comparison
Jefferies Financial Group Inc. (JEF) has a higher volatility of 8.05% compared to Piper Sandler Companies (PIPR) at 6.35%. This indicates that JEF'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
| JEF | PIPR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.05% | 6.35% | +1.70% |
Volatility (6M)Calculated over the trailing 6-month period | 30.53% | 26.79% | +3.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.68% | 34.19% | +6.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.94% | 35.24% | +0.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.01% | 36.67% | -1.66% |
Dividends
JEF vs. PIPR - Dividend Comparison
JEF's dividend yield for the trailing twelve months is around 2.76%, more than PIPR's 2.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JEF Jefferies Financial Group Inc. | 2.76% | 2.58% | 1.66% | 2.97% | 3.50% | 2.32% | 2.44% | 8.07% | 2.59% | 1.23% | 1.08% | 1.44% |
PIPR Piper Sandler Companies | 2.57% | 1.68% | 1.17% | 2.09% | 5.30% | 3.81% | 1.98% | 1.88% | 4.74% | 1.45% | 0.00% | 0.00% |
Financials
JEF vs. PIPR - Financials Comparison
This section allows you to compare key financial metrics between Jefferies Financial Group 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
JEF vs. PIPR - Profitability Comparison
JEF - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Jefferies Financial Group Inc. reported a gross profit of 1.68B and revenue of 2.87B. Therefore, the gross margin over that period was 58.5%.
PIPR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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%.
JEF - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Jefferies Financial Group Inc. reported an operating income of 0.00 and revenue of 2.87B, resulting in an operating margin of 0.0%.
PIPR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Piper Sandler Companies reported an operating income of 88.67M and revenue of 475.15M, resulting in an operating margin of 18.7%.
JEF - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Jefferies Financial Group Inc. reported a net income of 155.70M and revenue of 2.87B, resulting in a net margin of 5.4%.
PIPR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 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
JEF and PIPR have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JEF has higher volatility (8.05%) compared to PIPR (6.35%). In terms of maximum drawdown, JEF dropped -80.74% vs PIPR's -76.97%.
PIPR currently has the higher Sharpe Ratio (0.58 vs 0.34), 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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