OPRA vs. ARIS
OPRA (Opera Limited) and ARIS (Aris Water Solutions, Inc.) are both stocks. OPRA operates in Internet Content & Information (Communication Services), while ARIS operates in Utilities - Regulated Water (Utilities). Over the past 3 years, OPRA returned -4.32%/yr vs 82.13%/yr for ARIS. At a 0.17 correlation, their price movements are largely independent.
Performance
OPRA vs. ARIS - Performance Comparison
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Returns By Period
In the year-to-date period, OPRA achieves a 42.17% return, which is significantly higher than ARIS's -10.29% return.
OPRA
- 1D
- -0.52%
- 1M
- 10.19%
- 6M
- 45.48%
- YTD
- 42.17%
- 1Y
- 9.17%
- 3Y*
- -4.32%
- 5Y*
- 19.43%
- 10Y*
- —
ARIS
- 1D
- -1.29%
- 1M
- -3.58%
- 6M
- -12.61%
- YTD
- -10.29%
- 1Y
- 106.52%
- 3Y*
- 82.13%
- 5Y*
- —
- 10Y*
- —
OPRA vs. ARIS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
OPRA Opera Limited | 42.17% | -22.08% | 52.02% | 140.60% | -10.91% | -19.77% |
ARIS Aris Water Solutions, Inc. | -10.29% | 363.71% | 6.54% | 31.93% | -39.60% | 1.33% |
Correlation
The correlation between OPRA and ARIS is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2021 | 0.17 |
Fundamentals
OPRA:
$1.72B
ARIS:
$3.01B
OPRA:
$1.26
ARIS:
$0.85
OPRA:
15.23
ARIS:
17.19
OPRA:
0.06
ARIS:
0.34
OPRA:
2.70
ARIS:
2.61
OPRA:
1.77
ARIS:
1.94
OPRA:
$647.66M
ARIS:
$1.14B
OPRA:
$378.92M
ARIS:
$612.94M
OPRA:
$154.47M
ARIS:
$432.53M
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Return for Risk
OPRA vs. ARIS — Risk / Return Rank
OPRA
ARIS
OPRA vs. ARIS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Opera Limited (OPRA) and Aris Water Solutions, Inc. (ARIS). 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.
| OPRA | ARIS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.10 | ||
| Sortino ratioReturn per unit of downside risk | -1.91 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.33 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.05 | 3.71 | -3.66 |
| Martin ratioReturn relative to average drawdown | 0.09 | 10.23 | -10.14 |
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Drawdowns
OPRA vs. ARIS - Drawdown Comparison
The maximum OPRA drawdown since its inception was -72.85%, which is greater than ARIS's maximum drawdown of -57.98%. Use the drawdown chart below to compare losses from any high point for OPRA and ARIS.
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Drawdown Indicators
| OPRA | ARIS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.85% | -57.98% | -14.87% |
Max Drawdown (1Y)Largest decline over 1 year | -41.28% | -35.29% | -5.99% |
Max Drawdown (3Y)Largest decline over 3 years | -61.68% | -35.29% | -26.39% |
Max Drawdown (5Y)Largest decline over 5 years | -61.97% | — | — |
Current DrawdownCurrent decline from peak | -19.94% | -32.75% | +12.81% |
Average DrawdownAverage peak-to-trough decline | -40.90% | -22.75% | -18.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.37% | 12.01% | +11.36% |
Volatility
OPRA vs. ARIS - Volatility Comparison
The current volatility for Opera Limited (OPRA) is 10.70%, while Aris Water Solutions, Inc. (ARIS) has a volatility of 21.89%. This indicates that OPRA experiences smaller price fluctuations and is considered to be less risky than ARIS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OPRA | ARIS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.70% | 21.89% | -11.19% |
Volatility (6M)Calculated over the trailing 6-month period | 39.68% | 47.67% | -7.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.04% | 61.12% | -9.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.50% | 53.45% | +7.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 64.11% | 53.45% | +10.66% |
Dividends
OPRA vs. ARIS - Dividend Comparison
OPRA's dividend yield for the trailing twelve months is around 4.17%, while ARIS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
ARIS Aris Water Solutions, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 3.84% | 0.85% |
OPRA Opera Limited | 4.17% | 5.65% | 4.22% | 8.92% | 0.00% | 0.00% |
Financials
OPRA vs. ARIS - Financials Comparison
This section allows you to compare key financial metrics between Opera Limited and Aris Water Solutions, Inc.. 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
OPRA vs. ARIS - Profitability Comparison
OPRA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Opera Limited reported a gross profit of 111.02M and revenue of 175.77M. Therefore, the gross margin over that period was 63.2%.
ARIS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Aris Water Solutions, Inc. reported a gross profit of 217.03M and revenue of 372.48M. Therefore, the gross margin over that period was 58.3%.
OPRA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Opera Limited reported an operating income of 30.43M and revenue of 175.77M, resulting in an operating margin of 17.3%.
ARIS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Aris Water Solutions, Inc. reported an operating income of 179.05M and revenue of 372.48M, resulting in an operating margin of 48.1%.
OPRA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Opera Limited reported a net income of 24.79M and revenue of 175.77M, resulting in a net margin of 14.1%.
ARIS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Aris Water Solutions, Inc. reported a net income of 97.61M and revenue of 372.48M, resulting in a net margin of 26.2%.
Frequently Asked Questions
OPRA and ARIS have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARIS has higher volatility (21.89%) compared to OPRA (10.70%). In terms of maximum drawdown, OPRA dropped -72.85% vs ARIS's -57.98%.
ARIS currently has the higher Sharpe Ratio (2.14 vs 0.04), 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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