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NGL vs. PAA
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

Correlation

The correlation between NGL and PAA is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


-0.50.00.51.0
Correlation: 0.3

Performance

NGL vs. PAA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NGL Energy Partners LP (NGL) and Plains All American Pipeline, L.P. (PAA). The values are adjusted to include any dividend payments, if applicable.

-50.00%0.00%50.00%December2025FebruaryMarchAprilMay
-59.55%
47.38%
NGL
PAA

Key characteristics

Sharpe Ratio

NGL:

-0.94

PAA:

0.15

Sortino Ratio

NGL:

-1.26

PAA:

0.39

Omega Ratio

NGL:

0.82

PAA:

1.05

Calmar Ratio

NGL:

-0.57

PAA:

0.10

Martin Ratio

NGL:

-2.01

PAA:

0.62

Ulcer Index

NGL:

24.19%

PAA:

6.74%

Daily Std Dev

NGL:

52.19%

PAA:

27.36%

Max Drawdown

NGL:

-94.73%

PAA:

-91.99%

Current Drawdown

NGL:

-84.90%

PAA:

-37.17%

Fundamentals

Market Cap

NGL:

$393.40M

PAA:

$11.76B

EPS

NGL:

-$2.53

PAA:

$0.73

PEG Ratio

NGL:

-126.11

PAA:

2.27

PS Ratio

NGL:

0.07

PAA:

0.23

PB Ratio

NGL:

0.59

PAA:

1.19

Total Revenue (TTM)

NGL:

$4.29B

PAA:

$38.13B

Gross Profit (TTM)

NGL:

$510.51M

PAA:

$13.13B

EBITDA (TTM)

NGL:

$424.64M

PAA:

$1.51B

Returns By Period

In the year-to-date period, NGL achieves a -40.28% return, which is significantly lower than PAA's 1.37% return. Over the past 10 years, NGL has underperformed PAA with an annualized return of -14.13%, while PAA has yielded a comparatively higher -2.86% annualized return.


NGL

YTD

-40.28%

1M

-34.79%

6M

-26.24%

1Y

-49.58%

5Y*

-10.11%

10Y*

-14.13%

PAA

YTD

1.37%

1M

-11.64%

6M

5.64%

1Y

2.65%

5Y*

24.79%

10Y*

-2.86%

*Annualized

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Risk-Adjusted Performance

NGL vs. PAA — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NGL
The Risk-Adjusted Performance Rank of NGL is 77
Overall Rank
The Sharpe Ratio Rank of NGL is 66
Sharpe Ratio Rank
The Sortino Ratio Rank of NGL is 88
Sortino Ratio Rank
The Omega Ratio Rank of NGL is 88
Omega Ratio Rank
The Calmar Ratio Rank of NGL is 1515
Calmar Ratio Rank
The Martin Ratio Rank of NGL is 11
Martin Ratio Rank

PAA
The Risk-Adjusted Performance Rank of PAA is 5353
Overall Rank
The Sharpe Ratio Rank of PAA is 5757
Sharpe Ratio Rank
The Sortino Ratio Rank of PAA is 4747
Sortino Ratio Rank
The Omega Ratio Rank of PAA is 4747
Omega Ratio Rank
The Calmar Ratio Rank of PAA is 5555
Calmar Ratio Rank
The Martin Ratio Rank of PAA is 5959
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

NGL vs. PAA - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for NGL Energy Partners LP (NGL) 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.


The chart of Sharpe ratio for NGL, currently valued at -0.94, compared to the broader market-2.00-1.000.001.002.003.00
NGL: -0.94
PAA: 0.15
The chart of Sortino ratio for NGL, currently valued at -1.26, compared to the broader market-6.00-4.00-2.000.002.004.00
NGL: -1.26
PAA: 0.39
The chart of Omega ratio for NGL, currently valued at 0.82, compared to the broader market0.501.001.502.00
NGL: 0.82
PAA: 1.05
The chart of Calmar ratio for NGL, currently valued at -0.57, compared to the broader market0.001.002.003.004.005.00
NGL: -0.57
PAA: 0.10
The chart of Martin ratio for NGL, currently valued at -2.01, compared to the broader market-40.00-30.00-20.00-10.000.0010.0020.00
NGL: -2.01
PAA: 0.62

The current NGL Sharpe Ratio is -0.94, which is lower than the PAA Sharpe Ratio of 0.15. The chart below compares the historical Sharpe Ratios of NGL and PAA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.50-1.00-0.500.000.501.001.502.00December2025FebruaryMarchAprilMay
-0.94
0.15
NGL
PAA

Dividends

NGL vs. PAA - Dividend Comparison

NGL has not paid dividends to shareholders, while PAA's dividend yield for the trailing twelve months is around 8.39%.


TTM20242023202220212020201920182017201620152014
NGL
NGL Energy Partners LP
0.00%0.00%0.00%0.00%0.00%37.08%13.76%16.27%15.91%8.62%22.79%8.15%
PAA
Plains All American Pipeline, L.P.
8.39%7.44%7.06%7.08%7.71%13.11%7.50%5.99%9.45%8.21%11.93%4.97%

Drawdowns

NGL vs. PAA - Drawdown Comparison

The maximum NGL drawdown since its inception was -94.73%, roughly equal to the maximum PAA drawdown of -91.99%. Use the drawdown chart below to compare losses from any high point for NGL and PAA. For additional features, visit the drawdowns tool.


-90.00%-80.00%-70.00%-60.00%-50.00%-40.00%-30.00%-20.00%December2025FebruaryMarchAprilMay
-84.90%
-37.17%
NGL
PAA

Volatility

NGL vs. PAA - Volatility Comparison

NGL Energy Partners LP (NGL) has a higher volatility of 29.23% compared to Plains All American Pipeline, L.P. (PAA) at 16.62%. This indicates that NGL'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.


5.00%10.00%15.00%20.00%25.00%30.00%December2025FebruaryMarchAprilMay
29.23%
16.62%
NGL
PAA

Financials

NGL vs. PAA - Financials Comparison

This section allows you to compare key financial metrics between NGL Energy Partners LP 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.


Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities


0.005.00B10.00B15.00BAprilJulyOctober2021AprilJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober
1.55B
12.40B
(NGL) Total Revenue
(PAA) Total Revenue
Values in USD except per share items

NGL vs. PAA - Profitability Comparison

The chart below illustrates the profitability comparison between NGL Energy Partners LP and Plains All American Pipeline, L.P. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

Gross Margin
Operating Margin
Net Margin
Quarterly
Annual

0.0%20.0%40.0%60.0%80.0%100.0%AprilJulyOctober2021AprilJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober
11.2%
2.8%
(NGL) Gross Margin
(PAA) Gross Margin
NGL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, NGL Energy Partners LP reported a gross profit of 172.83M and revenue of 1.55B. Therefore, the gross margin over that period was 11.2%.
PAA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Plains All American Pipeline, L.P. reported a gross profit of 341.00M and revenue of 12.40B. Therefore, the gross margin over that period was 2.8%.
NGL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, NGL Energy Partners LP reported an operating income of 75.50M and revenue of 1.55B, resulting in an operating margin of 4.9%.
PAA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Plains All American Pipeline, L.P. reported an operating income of 88.00M and revenue of 12.40B, resulting in an operating margin of 0.7%.
NGL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, NGL Energy Partners LP reported a net income of 13.51M and revenue of 1.55B, resulting in a net margin of 0.9%.
PAA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Plains All American Pipeline, L.P. reported a net income of 36.00M and revenue of 12.40B, resulting in a net margin of 0.3%.