OPY vs. AB

Last updated Jun 4, 2026

OPY (Oppenheimer Holdings Inc.) and AB (AllianceBernstein Holding L.P.) are both stocks. Both are in the Financial Services sector — OPY in Capital Markets, AB in Asset Management. Over the past 10 years, OPY returned 22.67%/yr vs 14.13%/yr for AB. At a 0.28 correlation, their price movements are largely independent.

Performance

OPY vs. AB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Oppenheimer Holdings Inc. (OPY) and AllianceBernstein Holding L.P. (AB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OPY achieves a 31.02% return, which is significantly higher than AB's 0.21% return. Over the past 10 years, OPY has outperformed AB with an annualized return of 22.67%, while AB has yielded a comparatively lower 14.13% annualized return.

OPY

• 1D: -0.81%
• 1M: -4.12%
• YTD: 31.02%
• 6M: 39.67%
• 1Y: 51.90%
• 3Y*: 36.33%
• 5Y*: 16.48%
• 10Y*: 22.67%

AB

• 1D: -0.43%
• 1M: -4.48%
• YTD: 0.21%
• 6M: -5.97%
• 1Y: -0.56%
• 3Y*: 10.52%
• 5Y*: 4.42%
• 10Y*: 14.13%

*Multi-year figures are annualized to reflect compound growth (CAGR)

OPY vs. AB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OPY Oppenheimer Holdings Inc.	31.02%	15.55%	57.30%	-0.89%	-7.21%	52.69%	20.41%	9.39%	-3.24%	47.70%
AB AllianceBernstein Holding L.P.	0.21%	13.36%	30.40%	-2.29%	-23.46%	56.27%	23.00%	19.85%	21.04%	16.76%

Correlation

The correlation between OPY and AB is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (5Y) Calculated over the trailing 5-year period	0.37
Correlation (10Y) Calculated over the trailing 10-year period	0.37
Correlation (All Time) Calculated using the full available price history since Aug 17, 1993	0.28

Fundamentals

Market Cap OPY : $1.00B AB : $3.41B
EPS OPY : $8.66 AB : $3.22
PE Ratio OPY : 10.89 AB : 11.45
PS Ratio OPY : 0.62 AB : 14.25
PB Ratio OPY : 1.05 AB : 2.70
Total Revenue (TTM) OPY : $1.72B AB : $250.00M
Gross Profit (TTM) OPY : $1.14B AB : $250.00M
EBITDA (TTM) OPY : $255.00M AB : $252.50M

Return for Risk

OPY vs. AB — Risk / Return Rank

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

OPY

OPY Risk / Return Rank: 78
OPY Sharpe Ratio Rank: 81
OPY Sortino Ratio Rank: 77
OPY Omega Ratio Rank: 76
OPY Calmar Ratio Rank: 78
OPY Martin Ratio Rank: 77

AB

AB Risk / Return Rank: 36
AB Sharpe Ratio Rank: 40
AB Sortino Ratio Rank: 33
AB Omega Ratio Rank: 32
AB Calmar Ratio Rank: 39
AB Martin Ratio Rank: 38

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

OPY vs. AB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Oppenheimer Holdings Inc. (OPY) and AllianceBernstein Holding L.P. (AB). 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.

	OPY	AB	Difference
Sharpe ratio Return per unit of total volatility	1.48	-0.03	+1.51
Sortino ratio Return per unit of downside risk	2.14	0.12	+2.01
Omega ratio Gain probability vs. loss probability	1.27	1.01	+0.26
Calmar ratio Return relative to maximum drawdown	2.46	-0.04	+2.50
Martin ratio Return relative to average drawdown	5.58	-0.08	+5.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OPY vs. AB - Sharpe Ratio Comparison

The current OPY Sharpe Ratio is 1.48, which is higher than the AB Sharpe Ratio of -0.03. The chart below compares the historical Sharpe Ratios of OPY and AB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	OPY	AB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.48	-0.03	+1.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	0.16	+0.35
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.65	0.44	+0.21
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	0.46	-0.20

Drawdowns

OPY vs. AB - Drawdown Comparison

The maximum OPY drawdown since its inception was -87.51%, roughly equal to the maximum AB drawdown of -87.65%. Use the drawdown chart below to compare losses from any high point for OPY and AB.

Drawdown Indicators

	OPY	AB	Difference
Max Drawdown Largest peak-to-trough decline	-87.51%	-87.65%	+0.14%
Max Drawdown (1Y) Largest decline over 1 year	-21.22%	-14.68%	-6.54%
Max Drawdown (3Y) Largest decline over 3 years	-29.42%	-22.27%	-7.15%
Max Drawdown (5Y) Largest decline over 5 years	-45.71%	-45.76%	+0.05%
Max Drawdown (10Y) Largest decline over 10 years	-54.94%	-58.08%	+3.14%
Current Drawdown Current decline from peak	-18.46%	-9.90%	-8.56%
Average Drawdown Average peak-to-trough decline	-31.52%	-26.22%	-5.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.33%	6.60%	+2.73%

Volatility

OPY vs. AB - Volatility Comparison

Oppenheimer Holdings Inc. (OPY) has a higher volatility of 8.05% compared to AllianceBernstein Holding L.P. (AB) at 4.54%. This indicates that OPY's price experiences larger fluctuations and is considered to be riskier than AB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OPY	AB	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.05%	4.54%	+3.51%
Volatility (6M) Calculated over the trailing 6-month period	28.74%	18.55%	+10.19%
Volatility (1Y) Calculated over the trailing 1-year period	35.15%	22.40%	+12.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.93%	28.25%	+4.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.20%	32.39%	+2.81%

Dividends

OPY vs. AB - Dividend Comparison

OPY's dividend yield for the trailing twelve months is around 1.84%, less than AB's 9.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AB AllianceBernstein Holding L.P.	9.25%	9.02%	8.03%	8.44%	10.30%	7.33%	8.26%	7.67%	10.54%	8.50%	7.46%	8.09%
OPY Oppenheimer Holdings Inc.	1.84%	2.38%	1.03%	1.45%	1.42%	3.32%	4.71%	1.67%	1.72%	1.64%	2.37%	2.53%

Financials

Frequently Asked Questions

Can I hold both OPY and AB in my portfolio?

OPY and AB have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OPY or AB?

OPY has higher volatility (8.05%) compared to AB (4.54%). In terms of maximum drawdown, OPY dropped -87.51% vs AB's -87.65%.

Which has better risk-adjusted returns?

OPY currently has the higher Sharpe Ratio (1.48 vs -0.03), 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.