MSIF vs. PAA
MSIF (MSC Income Fund, Inc.) and PAA (Plains All American Pipeline, L.P.) are both stocks. MSIF operates in Asset Management (Financial Services), while PAA operates in Oil & Gas Midstream (Energy). Over the past year, MSIF returned -27.26% vs 26.55% for PAA. At a 0.14 correlation, their price movements are largely independent.
Performance
MSIF vs. PAA - Performance Comparison
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Returns By Period
In the year-to-date period, MSIF achieves a -11.31% return, which is significantly lower than PAA's 24.45% return.
MSIF
- 1D
- -4.15%
- 1M
- -4.15%
- YTD
- -11.31%
- 6M
- -11.08%
- 1Y
- -27.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PAA
- 1D
- 0.66%
- 1M
- -11.06%
- YTD
- 24.45%
- 6M
- 26.56%
- 1Y
- 26.55%
- 3Y*
- 26.80%
- 5Y*
- 22.42%
- 10Y*
- 5.39%
MSIF vs. PAA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MSIF MSC Income Fund, Inc. | -11.31% | -6.00% |
PAA Plains All American Pipeline, L.P. | 24.45% | -4.86% |
Correlation
The correlation between MSIF and PAA is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Jan 29, 2025 | 0.14 |
The correlation between MSIF and PAA shifts across timeframes, from 0.02 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.
Fundamentals
MSIF:
$521.58M
PAA:
$15.16B
MSIF:
$1.93
PAA:
$2.19
MSIF:
5.86
PAA:
9.80
MSIF:
0.85
PAA:
0.18
MSIF:
3.79
PAA:
0.33
MSIF:
0.72
PAA:
1.18
MSIF:
$139.33M
PAA:
$45.25B
MSIF:
$78.58M
PAA:
$1.55B
MSIF:
$111.87M
PAA:
$2.54B
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Return for Risk
MSIF vs. PAA — Risk / Return Rank
MSIF
PAA
MSIF vs. PAA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MSC Income Fund, Inc. (MSIF) 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.
| MSIF | PAA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.47 | ||
| Sortino ratioReturn per unit of downside risk | -3.53 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.24 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -1.02 | 1.84 | -2.85 |
| Martin ratioReturn relative to average drawdown | -1.58 | 5.04 | -6.62 |
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Drawdowns
MSIF vs. PAA - Drawdown Comparison
The maximum MSIF drawdown since its inception was -30.63%, smaller than the maximum PAA drawdown of -91.99%. Use the drawdown chart below to compare losses from any high point for MSIF and PAA.
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Drawdown Indicators
| MSIF | PAA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.63% | -91.99% | +61.36% |
Max Drawdown (1Y)Largest decline over 1 year | -26.92% | -14.53% | -12.39% |
Max Drawdown (3Y)Largest decline over 3 years | — | -22.26% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.51% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -87.92% | — |
Current DrawdownCurrent decline from peak | -30.01% | -13.88% | -16.13% |
Average DrawdownAverage peak-to-trough decline | -16.70% | -25.74% | +9.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.30% | 5.29% | +13.01% |
Volatility
MSIF vs. PAA - Volatility Comparison
MSC Income Fund, Inc. (MSIF) has a higher volatility of 8.29% compared to Plains All American Pipeline, L.P. (PAA) at 6.42%. This indicates that MSIF'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
| MSIF | PAA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.29% | 6.42% | +1.87% |
Volatility (6M)Calculated over the trailing 6-month period | 18.76% | 14.26% | +4.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.04% | 18.32% | +8.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.50% | 26.57% | +2.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.50% | 41.82% | -12.32% |
Dividends
MSIF vs. PAA - Dividend Comparison
MSIF's dividend yield for the trailing twelve months is around 12.73%, more than PAA's 7.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSIF MSC Income Fund, Inc. | 12.73% | 10.96% | 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. | 7.43% | 8.46% | 7.44% | 7.06% | 7.08% | 7.71% | 10.92% | 7.50% | 5.99% | 9.45% | 8.21% | 11.93% |
Financials
MSIF vs. PAA - Financials Comparison
This section allows you to compare key financial metrics between MSC Income Fund, Inc. 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
MSIF vs. PAA - Profitability Comparison
MSIF - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, MSC Income Fund, Inc. reported a gross profit of 0.00 and revenue of 34.09M. Therefore, the gross margin over that period was 0.0%.
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%.
MSIF - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, MSC Income Fund, Inc. reported an operating income of 0.00 and revenue of 34.09M, resulting in an operating margin of 0.0%.
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%.
MSIF - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, MSC Income Fund, Inc. reported a net income of 17.37M and revenue of 34.09M, resulting in a net margin of 51.0%.
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
MSIF and PAA have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSIF has higher volatility (8.29%) compared to PAA (6.42%). In terms of maximum drawdown, MSIF dropped -30.63% vs PAA's -91.99%.
PAA currently has the higher Sharpe Ratio (1.46 vs -1.01), 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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