PAM vs. GGAL
PAM (Pampa Energía S.A.) and GGAL (Grupo Financiero Galicia S.A.) are both stocks. PAM operates in Utilities - Regulated Electric (Utilities), while GGAL operates in Banks - Regional (Financial Services). Over the past 10 years, PAM returned 12.36%/yr vs 8.06%/yr for GGAL. A 0.59 correlation means they provide meaningful diversification when combined.
Performance
PAM vs. GGAL - Performance Comparison
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Returns By Period
In the year-to-date period, PAM achieves a -6.82% return, which is significantly higher than GGAL's -8.33% return. Over the past 10 years, PAM has outperformed GGAL with an annualized return of 12.36%, while GGAL has yielded a comparatively lower 8.06% annualized return.
PAM
- 1D
- 0.67%
- 1M
- 4.76%
- YTD
- -6.82%
- 6M
- -9.03%
- 1Y
- 10.98%
- 3Y*
- 28.20%
- 5Y*
- 36.47%
- 10Y*
- 12.36%
GGAL
- 1D
- 0.48%
- 1M
- 16.22%
- YTD
- -8.33%
- 6M
- -0.83%
- 1Y
- -8.88%
- 3Y*
- 56.36%
- 5Y*
- 43.59%
- 10Y*
- 8.06%
PAM vs. GGAL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PAM Pampa Energía S.A. | -6.82% | 0.65% | 77.58% | 55.04% | 51.30% | 53.19% | -16.13% | -48.35% | -52.72% | 93.28% |
GGAL Grupo Financiero Galicia S.A. | -8.33% | -11.36% | 289.05% | 92.28% | 8.05% | 8.88% | -45.53% | -40.38% | -57.85% | 145.24% |
Correlation
The correlation between PAM and GGAL is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 2009 | 0.59 |
The correlation between PAM and GGAL shifts across timeframes, from 0.59 (all time) to 0.72 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
PAM:
$4.49B
GGAL:
$1.35B
PAM:
$8.05
GGAL:
$676.97
PAM:
10.24
GGAL:
0.07
PAM:
0.11
GGAL:
0.00
PAM:
2.08
GGAL:
0.00
PAM:
1.19
GGAL:
0.00
PAM:
$2.16B
GGAL:
$13.01T
PAM:
$682.00M
GGAL:
$5.27T
PAM:
$1.22B
GGAL:
$306.88B
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Return for Risk
PAM vs. GGAL — Risk / Return Rank
PAM
GGAL
PAM vs. GGAL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pampa Energía S.A. (PAM) and Grupo Financiero Galicia S.A. (GGAL). 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.
| PAM | GGAL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.05 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.35 | -0.17 | +0.52 |
| Martin ratioReturn relative to average drawdown | 0.86 | -0.36 | +1.22 |
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
| PAM | GGAL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.22 | -0.12 | +0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.79 | 0.75 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | 0.13 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.07 | +0.18 |
Drawdowns
PAM vs. GGAL - Drawdown Comparison
The maximum PAM drawdown since its inception was -87.41%, smaller than the maximum GGAL drawdown of -98.98%. Use the drawdown chart below to compare losses from any high point for PAM and GGAL.
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Drawdown Indicators
| PAM | GGAL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.41% | -98.98% | +11.57% |
Max Drawdown (1Y)Largest decline over 1 year | -31.59% | -53.54% | +21.95% |
Max Drawdown (3Y)Largest decline over 3 years | -40.40% | -62.94% | +22.54% |
Max Drawdown (5Y)Largest decline over 5 years | -40.40% | -62.94% | +22.54% |
Max Drawdown (10Y)Largest decline over 10 years | -87.41% | -91.70% | +4.29% |
Current DrawdownCurrent decline from peak | -13.08% | -29.88% | +16.80% |
Average DrawdownAverage peak-to-trough decline | -42.43% | -57.39% | +14.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.86% | 24.67% | -11.81% |
Volatility
PAM vs. GGAL - Volatility Comparison
The current volatility for Pampa Energía S.A. (PAM) is 11.57%, while Grupo Financiero Galicia S.A. (GGAL) has a volatility of 15.57%. This indicates that PAM experiences smaller price fluctuations and is considered to be less risky than GGAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PAM | GGAL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.57% | 15.57% | -4.00% |
Volatility (6M)Calculated over the trailing 6-month period | 23.91% | 35.44% | -11.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.17% | 74.53% | -23.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.27% | 58.39% | -12.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.94% | 61.91% | -9.97% |
Dividends
PAM vs. GGAL - Dividend Comparison
PAM has not paid dividends to shareholders, while GGAL's dividend yield for the trailing twelve months is around 4.41%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GGAL Grupo Financiero Galicia S.A. | 4.41% | 2.11% | 3.81% | 6.49% | 4.62% | 0.23% | 0.94% | 1.89% | 1.29% | 0.16% | 0.13% | 0.09% |
PAM Pampa Energía S.A. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
PAM vs. GGAL - Financials Comparison
This section allows you to compare key financial metrics between Pampa Energía S.A. and Grupo Financiero Galicia S.A.. 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
PAM vs. GGAL - Profitability Comparison
PAM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Pampa Energía S.A. reported a gross profit of 193.00M and revenue of 573.00M. Therefore, the gross margin over that period was 33.7%.
GGAL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Grupo Financiero Galicia S.A. reported a gross profit of 1.11T and revenue of 1.99T. Therefore, the gross margin over that period was 56.0%.
PAM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Pampa Energía S.A. reported an operating income of 107.00M and revenue of 573.00M, resulting in an operating margin of 18.7%.
GGAL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Grupo Financiero Galicia S.A. reported an operating income of 66.60B and revenue of 1.99T, resulting in an operating margin of 3.4%.
PAM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Pampa Energía S.A. reported a net income of 214.00M and revenue of 573.00M, resulting in a net margin of 37.4%.
GGAL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Grupo Financiero Galicia S.A. reported a net income of 65.18B and revenue of 1.99T, resulting in a net margin of 3.3%.
Frequently Asked Questions
PAM and GGAL have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GGAL has higher volatility (15.57%) compared to PAM (11.57%). In terms of maximum drawdown, PAM dropped -87.41% vs GGAL's -98.98%.
PAM currently has the higher Sharpe Ratio (0.22 vs -0.12), 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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