PAA vs. WSM
PAA (Plains All American Pipeline, L.P.) and WSM (Williams-Sonoma, Inc.) are both stocks. PAA operates in Oil & Gas Midstream (Energy), while WSM operates in Specialty Retail (Consumer Cyclical). Over the past 10 years, PAA returned 5.97%/yr vs 27.10%/yr for WSM. At a 0.20 correlation, their price movements are largely independent.
Performance
PAA vs. WSM - 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 WSM's 26.06% return. Over the past 10 years, PAA has underperformed WSM with an annualized return of 5.97%, while WSM has yielded a comparatively higher 27.10% 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%
WSM
- 1D
- 2.19%
- 1M
- 28.73%
- YTD
- 26.06%
- 6M
- 20.02%
- 1Y
- 47.32%
- 3Y*
- 53.75%
- 5Y*
- 23.70%
- 10Y*
- 27.10%
PAA vs. WSM - 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% |
WSM Williams-Sonoma, Inc. | 26.06% | -2.09% | 86.56% | 80.24% | -30.49% | 68.60% | 42.38% | 50.07% | 0.61% | 10.20% |
Correlation
The correlation between PAA and WSM is -0.11, 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 | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 1998 | 0.20 |
The correlation between PAA and WSM shifts across timeframes, from -0.11 (1 year) to 0.24 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
PAA:
$15.84B
WSM:
$26.80B
PAA:
$2.19
WSM:
$8.93
PAA:
10.24
WSM:
25.04
PAA:
0.19
WSM:
5.06
PAA:
0.35
WSM:
3.46
PAA:
1.24
WSM:
14.33
PAA:
$45.25B
WSM:
$7.88B
PAA:
$1.55B
WSM:
$3.63B
PAA:
$2.54B
WSM:
$1.49B
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Return for Risk
PAA vs. WSM — Risk / Return Rank
PAA
WSM
PAA vs. WSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Plains All American Pipeline, L.P. (PAA) and Williams-Sonoma, Inc. (WSM). 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 | WSM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.63 | ||
| Sortino ratioReturn per unit of downside risk | +0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.23 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.51 | 2.01 | +0.50 |
| Martin ratioReturn relative to average drawdown | 7.17 | 4.55 | +2.62 |
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Drawdowns
PAA vs. WSM - Drawdown Comparison
The maximum PAA drawdown since its inception was -91.99%, roughly equal to the maximum WSM drawdown of -89.01%. Use the drawdown chart below to compare losses from any high point for PAA and WSM.
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Drawdown Indicators
| PAA | WSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.99% | -89.01% | -2.98% |
Max Drawdown (1Y)Largest decline over 1 year | -14.53% | -23.27% | +8.74% |
Max Drawdown (3Y)Largest decline over 3 years | -22.26% | -36.79% | +14.53% |
Max Drawdown (5Y)Largest decline over 5 years | -25.20% | -51.92% | +26.72% |
Max Drawdown (10Y)Largest decline over 10 years | -87.92% | -59.71% | -28.21% |
Current DrawdownCurrent decline from peak | -10.03% | 0.00% | -10.03% |
Average DrawdownAverage peak-to-trough decline | -25.75% | -25.03% | -0.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.08% | 10.25% | -5.17% |
Volatility
PAA vs. WSM - Volatility Comparison
The current volatility for Plains All American Pipeline, L.P. (PAA) is 7.32%, while Williams-Sonoma, Inc. (WSM) has a volatility of 12.02%. This indicates that PAA experiences smaller price fluctuations and is considered to be less risky than WSM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PAA | WSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.32% | 12.02% | -4.70% |
Volatility (6M)Calculated over the trailing 6-month period | 14.09% | 25.57% | -11.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.47% | 34.63% | -16.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.81% | 44.77% | -17.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.82% | 44.26% | -2.44% |
Dividends
PAA vs. WSM - Dividend Comparison
PAA's dividend yield for the trailing twelve months is around 7.11%, more than WSM's 1.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
WSM Williams-Sonoma, Inc. | 1.23% | 1.43% | 1.16% | 1.72% | 2.65% | 1.43% | 1.93% | 2.55% | 3.33% | 2.98% | 3.02% | 2.36% |
Financials
PAA vs. WSM - Financials Comparison
This section allows you to compare key financial metrics between Plains All American Pipeline, L.P. and Williams-Sonoma, 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
PAA vs. WSM - 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%.
WSM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Williams-Sonoma, Inc. reported a gross profit of 793.43M and revenue of 1.81B. Therefore, the gross margin over that period was 44.0%.
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%.
WSM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Williams-Sonoma, Inc. reported an operating income of 291.69M and revenue of 1.81B, resulting in an operating margin of 16.2%.
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%.
WSM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Williams-Sonoma, Inc. reported a net income of 231.36M and revenue of 1.81B, resulting in a net margin of 12.8%.
Frequently Asked Questions
PAA and WSM have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WSM has higher volatility (12.02%) compared to PAA (7.32%). In terms of maximum drawdown, PAA dropped -91.99% vs WSM's -89.01%.
PAA currently has the higher Sharpe Ratio (1.98 vs 1.35), 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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