OPY vs. SPGI

Last updated Jun 4, 2026

OPY (Oppenheimer Holdings Inc.) and SPGI (S&P Global Inc.) are both stocks. Both are in the Financial Services sector — OPY in Capital Markets, SPGI in Financial Data & Stock Exchanges. Over the past 10 years, OPY returned 22.67%/yr vs 15.22%/yr for SPGI. At a 0.29 correlation, their price movements are largely independent.

Performance

OPY vs. SPGI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Oppenheimer Holdings Inc. (OPY) and S&P Global Inc. (SPGI). 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 SPGI's -20.74% return. Over the past 10 years, OPY has outperformed SPGI with an annualized return of 22.67%, while SPGI has yielded a comparatively lower 15.22% 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%

SPGI

• 1D: -1.24%
• 1M: -2.71%
• YTD: -20.74%
• 6M: -17.14%
• 1Y: -18.85%
• 3Y*: 3.95%
• 5Y*: 2.25%
• 10Y*: 15.22%

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

OPY vs. SPGI - 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%
SPGI S&P Global Inc.	-20.74%	5.71%	13.94%	32.79%	-28.38%	44.68%	21.40%	62.27%	1.37%	59.32%

Correlation

The correlation between OPY and SPGI is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.32
Correlation (10Y) Calculated over the trailing 10-year period	0.29
Correlation (All Time) Calculated using the full available price history since Jan 3, 2001	0.29

Fundamentals

Market Cap OPY : $1.00B SPGI : $122.70B
EPS OPY : $8.66 SPGI : $15.79
PE Ratio OPY : 10.89 SPGI : 26.11
PEG Ratio OPY : 0.25 SPGI : 3.41
PS Ratio OPY : 0.62 SPGI : 7.93
PB Ratio OPY : 1.05 SPGI : 3.92
Total Revenue (TTM) OPY : $1.72B SPGI : $15.73B
Gross Profit (TTM) OPY : $1.14B SPGI : $8.15B
EBITDA (TTM) OPY : $255.00M SPGI : $7.83B

Return for Risk

OPY vs. SPGI — 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

SPGI

SPGI Risk / Return Rank: 14
SPGI Sharpe Ratio Rank: 12
SPGI Sortino Ratio Rank: 14
SPGI Omega Ratio Rank: 12
SPGI Calmar Ratio Rank: 18
SPGI Martin Ratio Rank: 13

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. SPGI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Oppenheimer Holdings Inc. (OPY) and S&P Global Inc. (SPGI). 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	SPGI	Difference
Sharpe ratio Return per unit of total volatility	1.48	-0.69	+2.18
Sortino ratio Return per unit of downside risk	2.14	-0.77	+2.90
Omega ratio Gain probability vs. loss probability	1.27	0.89	+0.39
Calmar ratio Return relative to maximum drawdown	2.46	-0.62	+3.08
Martin ratio Return relative to average drawdown	5.58	-1.22	+6.79
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. SPGI - Sharpe Ratio Comparison

The current OPY Sharpe Ratio is 1.48, which is higher than the SPGI Sharpe Ratio of -0.69. The chart below compares the historical Sharpe Ratios of OPY and SPGI, 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	SPGI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.48	-0.69	+2.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	0.09	+0.41
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.65	0.59	+0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	0.45	-0.19

Drawdowns

OPY vs. SPGI - Drawdown Comparison

The maximum OPY drawdown since its inception was -87.51%, which is greater than SPGI's maximum drawdown of -74.67%. Use the drawdown chart below to compare losses from any high point for OPY and SPGI.

Drawdown Indicators

	OPY	SPGI	Difference
Max Drawdown Largest peak-to-trough decline	-87.51%	-74.67%	-12.84%
Max Drawdown (1Y) Largest decline over 1 year	-21.22%	-30.48%	+9.26%
Max Drawdown (3Y) Largest decline over 3 years	-29.42%	-30.48%	+1.06%
Max Drawdown (5Y) Largest decline over 5 years	-45.71%	-39.76%	-5.95%
Max Drawdown (10Y) Largest decline over 10 years	-54.94%	-39.76%	-15.18%
Current Drawdown Current decline from peak	-18.46%	-26.31%	+7.85%
Average Drawdown Average peak-to-trough decline	-31.52%	-15.22%	-16.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.33%	15.54%	-6.21%

Volatility

OPY vs. SPGI - Volatility Comparison

Oppenheimer Holdings Inc. (OPY) and S&P Global Inc. (SPGI) have volatilities of 8.05% and 7.74%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OPY	SPGI	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.05%	7.74%	+0.31%
Volatility (6M) Calculated over the trailing 6-month period	28.74%	23.77%	+4.97%
Volatility (1Y) Calculated over the trailing 1-year period	35.15%	27.24%	+7.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.93%	24.45%	+8.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.20%	26.01%	+9.19%

Dividends

OPY vs. SPGI - Dividend Comparison

OPY's dividend yield for the trailing twelve months is around 1.84%, more than SPGI's 0.94% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
SPGI S&P Global Inc.	0.94%	0.73%	0.73%	0.82%	0.99%	0.65%	0.82%	0.84%	1.18%	0.97%	1.34%	1.34%

Financials

OPY vs. SPGI - Profitability Comparison

The chart below illustrates the profitability comparison between Oppenheimer Holdings Inc. and S&P Global Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

OPY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Oppenheimer Holdings Inc. reported a gross profit of 419.95M and revenue of 445.10M. Therefore, the gross margin over that period was 94.4%.

SPGI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, S&P Global Inc. reported a gross profit of 0.00 and revenue of 4.17B. Therefore, the gross margin over that period was 0.0%.

OPY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Oppenheimer Holdings Inc. reported an operating income of -8.31M and revenue of 445.10M, resulting in an operating margin of -1.9%.

SPGI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, S&P Global Inc. reported an operating income of 2.00B and revenue of 4.17B, resulting in an operating margin of 48.0%.

OPY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Oppenheimer Holdings Inc. reported a net income of -20.58M and revenue of 445.10M, resulting in a net margin of -4.6%.

SPGI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, S&P Global Inc. reported a net income of 1.40B and revenue of 4.17B, resulting in a net margin of 33.5%.

Frequently Asked Questions

Can I hold both OPY and SPGI in my portfolio?

OPY and SPGI have a correlation of 0.27, 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 SPGI?

OPY has higher volatility (8.05%) compared to SPGI (7.74%). In terms of maximum drawdown, OPY dropped -87.51% vs SPGI's -74.67%.

Which has better risk-adjusted returns?

OPY currently has the higher Sharpe Ratio (1.48 vs -0.69), 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.