PAA vs. RIOT
PAA (Plains All American Pipeline, L.P.) and RIOT (Riot Platforms, Inc.) are both stocks. PAA operates in Oil & Gas Midstream (Energy), while RIOT operates in Software - Application (Technology). Over the past 10 years, PAA returned 5.94%/yr vs 23.47%/yr for RIOT. At a 0.14 correlation, their price movements are largely independent.
Performance
PAA vs. RIOT - Performance Comparison
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Returns By Period
In the year-to-date period, PAA achieves a 32.09% return, which is significantly lower than RIOT's 102.76% return. Over the past 10 years, PAA has underperformed RIOT with an annualized return of 5.94%, while RIOT has yielded a comparatively higher 23.47% annualized return.
PAA
- 1D
- 0.88%
- 1M
- 4.97%
- YTD
- 32.09%
- 6M
- 35.41%
- 1Y
- 42.03%
- 3Y*
- 29.12%
- 5Y*
- 22.64%
- 10Y*
- 5.94%
RIOT
- 1D
- 4.18%
- 1M
- 6.69%
- YTD
- 102.76%
- 6M
- 71.72%
- 1Y
- 160.81%
- 3Y*
- 35.48%
- 5Y*
- -3.94%
- 10Y*
- 23.47%
PAA vs. RIOT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PAA Plains All American Pipeline, L.P. | 32.09% | 14.30% | 21.38% | 39.18% | 35.79% | 22.24% | -50.79% | -2.28% | 2.31% | -31.34% |
RIOT Riot Platforms, Inc. | 102.76% | 24.09% | -34.00% | 356.34% | -84.82% | 31.43% | 1,416.96% | -25.83% | -94.68% | 729.34% |
Correlation
The correlation between PAA and RIOT is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Jan 24, 2003 | 0.14 |
The correlation between PAA and RIOT shifts across timeframes, from 0.01 (1 year) to 0.21 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
PAA:
$16.10B
RIOT:
$8.93B
PAA:
$2.19
RIOT:
-$2.35
PAA:
0.36
RIOT:
14.49
PAA:
1.26
RIOT:
3.73
PAA:
$45.25B
RIOT:
$653.27M
PAA:
$1.55B
RIOT:
$179.76M
PAA:
$2.54B
RIOT:
-$482.33M
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Return for Risk
PAA vs. RIOT — Risk / Return Rank
PAA
RIOT
PAA vs. RIOT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Plains All American Pipeline, L.P. (PAA) and Riot Platforms, Inc. (RIOT). 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.
| PAA | RIOT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.30 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.91 | 3.33 | -0.43 |
| Martin ratioReturn relative to average drawdown | 8.41 | 6.59 | +1.82 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PAA | RIOT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.29 | 1.93 | +0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | -0.04 | +0.89 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.14 | 0.21 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | -0.13 | +0.44 |
Drawdowns
PAA vs. RIOT - Drawdown Comparison
The maximum PAA drawdown since its inception was -91.99%, smaller than the maximum RIOT drawdown of -99.98%. Use the drawdown chart below to compare losses from any high point for PAA and RIOT.
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Drawdown Indicators
| PAA | RIOT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.99% | -99.98% | +7.99% |
Max Drawdown (1Y)Largest decline over 1 year | -14.53% | -48.57% | +34.04% |
Max Drawdown (3Y)Largest decline over 3 years | -22.26% | -69.00% | +46.74% |
Max Drawdown (5Y)Largest decline over 5 years | -26.11% | -92.55% | +66.44% |
Max Drawdown (10Y)Largest decline over 10 years | -87.92% | -98.32% | +10.40% |
Current DrawdownCurrent decline from peak | -8.58% | -99.20% | +90.62% |
Average DrawdownAverage peak-to-trough decline | -25.77% | -87.84% | +62.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.01% | 24.50% | -19.49% |
Volatility
PAA vs. RIOT - Volatility Comparison
The current volatility for Plains All American Pipeline, L.P. (PAA) is 7.29%, while Riot Platforms, Inc. (RIOT) has a volatility of 18.52%. This indicates that PAA experiences smaller price fluctuations and is considered to be less risky than RIOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PAA | RIOT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.29% | 18.52% | -11.23% |
Volatility (6M)Calculated over the trailing 6-month period | 14.05% | 61.65% | -47.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.45% | 83.90% | -65.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.80% | 93.91% | -67.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.83% | 112.17% | -70.34% |
Dividends
PAA vs. RIOT - Dividend Comparison
PAA's dividend yield for the trailing twelve months is around 7.00%, while RIOT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PAA Plains All American Pipeline, L.P. | 7.00% | 8.46% | 7.44% | 7.06% | 7.08% | 7.71% | 10.92% | 7.50% | 5.99% | 9.45% | 8.21% | 11.93% |
RIOT Riot Platforms, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 3.52% | 0.00% | 0.00% |
Financials
PAA vs. RIOT - Financials Comparison
This section allows you to compare key financial metrics between Plains All American Pipeline, L.P. and Riot Platforms, 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
Frequently Asked Questions
PAA and RIOT have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RIOT has higher volatility (18.52%) compared to PAA (7.29%). In terms of maximum drawdown, PAA dropped -91.99% vs RIOT's -99.98%.
PAA currently has the higher Sharpe Ratio (2.29 vs 1.93), 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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