PAA vs. NVDA
PAA (Plains All American Pipeline, L.P.) and NVDA (NVIDIA Corporation) are both stocks. PAA operates in Oil & Gas Midstream (Energy), while NVDA operates in Semiconductors (Technology). Over the past 10 years, PAA returned 5.97%/yr vs 67.95%/yr for NVDA. At a 0.18 correlation, their price movements are largely independent.
Performance
PAA vs. NVDA - Performance Comparison
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Returns By Period
In the year-to-date period, PAA achieves a 30.01% return, which is significantly higher than NVDA's 10.16% return. Over the past 10 years, PAA has underperformed NVDA with an annualized return of 5.97%, while NVDA has yielded a comparatively higher 67.95% annualized return.
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%
NVDA
- 1D
- 0.16%
- 1M
- -12.86%
- YTD
- 10.16%
- 6M
- 17.38%
- 1Y
- 44.72%
- 3Y*
- 71.13%
- 5Y*
- 63.13%
- 10Y*
- 67.95%
PAA vs. NVDA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
NVDA NVIDIA Corporation | 10.16% | 38.92% | 171.25% | 239.02% | -50.26% | 125.48% | 122.30% | 76.94% | -30.82% | 81.99% |
Correlation
The correlation between PAA and NVDA is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jan 22, 1999 | 0.18 |
The correlation between PAA and NVDA shifts across timeframes, from -0.15 (1 year) to 0.21 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
PAA:
$15.84B
NVDA:
$5.00T
PAA:
$2.19
NVDA:
$6.53
PAA:
10.24
NVDA:
31.44
PAA:
0.19
NVDA:
0.17
PAA:
0.35
NVDA:
19.80
PAA:
1.24
NVDA:
25.60
PAA:
$45.25B
NVDA:
$253.49B
PAA:
$1.55B
NVDA:
$187.95B
PAA:
$2.54B
NVDA:
$192.76B
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Return for Risk
PAA vs. NVDA — Risk / Return Rank
PAA
NVDA
PAA vs. NVDA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Plains All American Pipeline, L.P. (PAA) and NVIDIA Corporation (NVDA). 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.
| PAA | NVDA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.78 | ||
| Sortino ratioReturn per unit of downside risk | +0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.21 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.51 | 2.07 | +0.44 |
| Martin ratioReturn relative to average drawdown | 7.17 | 4.94 | +2.23 |
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Drawdowns
PAA vs. NVDA - Drawdown Comparison
The maximum PAA drawdown since its inception was -91.99%, roughly equal to the maximum NVDA drawdown of -89.72%. Use the drawdown chart below to compare losses from any high point for PAA and NVDA.
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Drawdown Indicators
| PAA | NVDA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.99% | -89.72% | -2.27% |
Max Drawdown (1Y)Largest decline over 1 year | -14.53% | -20.21% | +5.68% |
Max Drawdown (3Y)Largest decline over 3 years | -22.26% | -36.88% | +14.62% |
Max Drawdown (5Y)Largest decline over 5 years | -25.20% | -66.34% | +41.14% |
Max Drawdown (10Y)Largest decline over 10 years | -87.92% | -66.34% | -21.58% |
Current DrawdownCurrent decline from peak | -10.03% | -12.86% | +2.83% |
Average DrawdownAverage peak-to-trough decline | -25.75% | -36.18% | +10.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.08% | 8.46% | -3.38% |
Volatility
PAA vs. NVDA - Volatility Comparison
The current volatility for Plains All American Pipeline, L.P. (PAA) is 7.32%, while NVIDIA Corporation (NVDA) has a volatility of 13.26%. This indicates that PAA experiences smaller price fluctuations and is considered to be less risky than NVDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PAA | NVDA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.32% | 13.26% | -5.94% |
Volatility (6M)Calculated over the trailing 6-month period | 14.09% | 26.67% | -12.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.47% | 35.00% | -16.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.81% | 51.76% | -24.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.82% | 49.84% | -8.02% |
Dividends
PAA vs. NVDA - Dividend Comparison
PAA's dividend yield for the trailing twelve months is around 7.11%, more than NVDA's 0.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVDA NVIDIA Corporation | 0.14% | 0.02% | 0.03% | 0.03% | 0.11% | 0.05% | 0.12% | 0.27% | 0.46% | 0.29% | 0.45% | 1.20% |
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
PAA vs. NVDA - Financials Comparison
This section allows you to compare key financial metrics between Plains All American Pipeline, L.P. and NVIDIA Corporation. 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
PAA vs. NVDA - Profitability Comparison
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%.
NVDA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, NVIDIA Corporation reported a gross profit of 61.16B and revenue of 81.62B. Therefore, the gross margin over that period was 74.9%.
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%.
NVDA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, NVIDIA Corporation reported an operating income of 53.54B and revenue of 81.62B, resulting in an operating margin of 65.6%.
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%.
NVDA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, NVIDIA Corporation reported a net income of 58.32B and revenue of 81.62B, resulting in a net margin of 71.5%.
Frequently Asked Questions
PAA and NVDA have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVDA has higher volatility (13.26%) compared to PAA (7.32%). In terms of maximum drawdown, PAA dropped -91.99% vs NVDA's -89.72%.
PAA currently has the higher Sharpe Ratio (1.98 vs 1.20), 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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