MUR vs. PAA
MUR (Murphy Oil Corporation) and PAA (Plains All American Pipeline, L.P.) are both stocks. Both are in the Energy sector — MUR in Oil & Gas E&P, PAA in Oil & Gas Midstream. Over the past 10 years, MUR returned 6.54%/yr vs 5.97%/yr for PAA. At a 0.42 correlation, their price movements are largely independent.
Performance
MUR vs. PAA - Performance Comparison
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Returns By Period
In the year-to-date period, MUR achieves a 26.69% return, which is significantly lower than PAA's 30.01% return. Over the past 10 years, MUR has outperformed PAA with an annualized return of 6.54%, while PAA has yielded a comparatively lower 5.97% annualized return.
MUR
- 1D
- 0.91%
- 1M
- 0.58%
- YTD
- 26.69%
- 6M
- 18.64%
- 1Y
- 59.62%
- 3Y*
- 4.53%
- 5Y*
- 14.02%
- 10Y*
- 6.54%
PAA
- 1D
- -0.18%
- 1M
- -0.18%
- YTD
- 30.01%
- 6M
- 31.47%
- 1Y
- 35.06%
- 3Y*
- 28.99%
- 5Y*
- 22.23%
- 10Y*
- 5.97%
MUR vs. PAA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MUR Murphy Oil Corporation | 26.69% | 8.68% | -26.77% | 1.98% | 68.50% | 121.37% | -52.74% | 19.48% | -22.09% | 3.41% |
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 MUR and PAA is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 1998 | 0.42 |
The correlation between MUR and PAA shifts across timeframes, from 0.42 (all time) to 0.58 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
MUR:
$5.61B
PAA:
$15.84B
MUR:
$369.23
PAA:
$2.19
MUR:
0.11
PAA:
10.24
MUR:
0.00
PAA:
0.19
MUR:
0.01
PAA:
0.35
MUR:
0.00
PAA:
1.24
MUR:
$735.60B
PAA:
$45.25B
MUR:
$1.73B
PAA:
$1.55B
MUR:
$329.24B
PAA:
$2.54B
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Return for Risk
MUR vs. PAA — Risk / Return Rank
MUR
PAA
MUR vs. PAA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Murphy Oil Corporation (MUR) 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.
| MUR | PAA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.33 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.86 | 2.51 | +1.35 |
| Martin ratioReturn relative to average drawdown | 8.95 | 7.17 | +1.78 |
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Drawdowns
MUR vs. PAA - Drawdown Comparison
The maximum MUR drawdown since its inception was -92.11%, roughly equal to the maximum PAA drawdown of -91.99%. Use the drawdown chart below to compare losses from any high point for MUR and PAA.
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Drawdown Indicators
| MUR | PAA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.11% | -91.99% | -0.12% |
Max Drawdown (1Y)Largest decline over 1 year | -17.26% | -14.53% | -2.73% |
Max Drawdown (3Y)Largest decline over 3 years | -58.47% | -22.26% | -36.21% |
Max Drawdown (5Y)Largest decline over 5 years | -58.47% | -25.20% | -33.27% |
Max Drawdown (10Y)Largest decline over 10 years | -86.10% | -87.92% | +1.82% |
Current DrawdownCurrent decline from peak | -19.01% | -10.03% | -8.98% |
Average DrawdownAverage peak-to-trough decline | -26.26% | -25.75% | -0.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.43% | 5.08% | +2.35% |
Volatility
MUR vs. PAA - Volatility Comparison
Murphy Oil Corporation (MUR) has a higher volatility of 12.52% compared to Plains All American Pipeline, L.P. (PAA) at 7.32%. This indicates that MUR'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
| MUR | PAA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.52% | 7.32% | +5.20% |
Volatility (6M)Calculated over the trailing 6-month period | 35.38% | 14.09% | +21.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.59% | 18.47% | +29.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.11% | 26.81% | +19.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.34% | 41.82% | +13.52% |
Dividends
MUR vs. PAA - Dividend Comparison
MUR's dividend yield for the trailing twelve months is around 3.48%, less than PAA's 7.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MUR Murphy Oil Corporation | 3.48% | 4.16% | 3.97% | 2.58% | 1.92% | 1.91% | 5.17% | 3.73% | 4.28% | 3.22% | 3.85% | 6.24% |
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
MUR vs. PAA - Financials Comparison
This section allows you to compare key financial metrics between Murphy Oil 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
MUR vs. PAA - Profitability Comparison
MUR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Murphy Oil Corporation reported a gross profit of 0.00 and revenue of 733.55B. 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%.
MUR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Murphy Oil Corporation reported an operating income of 1.20B and revenue of 733.55B, resulting in an operating margin of 0.2%.
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%.
MUR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Murphy Oil Corporation reported a net income of 52.99B and revenue of 733.55B, resulting in a net margin of 7.2%.
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
MUR and PAA have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MUR has higher volatility (12.52%) compared to PAA (7.32%). In terms of maximum drawdown, MUR dropped -92.11% vs PAA's -91.99%.
PAA currently has the higher Sharpe Ratio (1.98 vs 1.40), 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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