PAM vs. QTWO
PAM (Pampa Energía S.A.) and QTWO (Q2 Holdings, Inc.) are both stocks. PAM operates in Utilities - Regulated Electric (Utilities), while QTWO operates in Software - Application (Technology). Over the past 10 years, PAM returned 12.30%/yr vs 7.22%/yr for QTWO. Their 0.17 correlation means their historical movements had little consistent relationship.
Performance
PAM vs. QTWO - Performance Comparison
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Returns By Period
In the year-to-date period, PAM achieves a -0.21% return, which is significantly higher than QTWO's -15.65% return. Over the past 10 years, PAM has outperformed QTWO with an annualized return of 12.30%, while QTWO has yielded a comparatively lower 7.22% annualized return.
PAM
- 1D
- -0.42%
- 1M
- 9.61%
- 6M
- 1.94%
- YTD
- -0.21%
- 1Y
- 19.01%
- 3Y*
- 27.24%
- 5Y*
- 41.61%
- 10Y*
- 12.30%
- ALL TIME*
- 12.15%
QTWO
- 1D
- 3.05%
- 1M
- 15.66%
- 6M
- -0.62%
- YTD
- -15.65%
- 1Y
- -20.46%
- 3Y*
- 19.34%
- 5Y*
- -10.04%
- 10Y*
- 7.22%
- ALL TIME*
- 11.27%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $15.34M | $12.23M | $17.41M | |
| $70.18M | $52.50M | $43.14M |
PAM vs. QTWO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PAM Pampa Energía S.A. | -0.21% | 0.65% | 77.58% | 55.04% | 51.30% | 53.19% | -16.13% | -48.35% | -52.72% | 93.28% |
QTWO Q2 Holdings, Inc. | -15.65% | -28.31% | 131.86% | 61.56% | -66.18% | -37.22% | 56.06% | 63.63% | 34.46% | 27.73% |
Correlation
The correlation between PAM and QTWO is -0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.05 |
Correlation (3Y) Balances recent behavior with more history. | 0.22 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.19 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.19 |
Correlation (All Time) Calculated using the full available price history since Mar 20, 2014 | 0.17 |
The correlation between PAM and QTWO shifts across timeframes, from -0.05 (1 year) to 0.22 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
PAM:
$4.80B
QTWO:
$3.80B
PAM:
$8.05
QTWO:
$1.35
PAM:
10.97
QTWO:
45.09
PAM:
2.23
QTWO:
4.90
PAM:
1.27
QTWO:
6.31
PAM:
$2.16B
QTWO:
$846.20M
PAM:
$682.00M
QTWO:
$482.24M
PAM:
$1.22B
QTWO:
$104.70M
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Return for Risk
PAM vs. QTWO — Risk / Return Rank
PAM
QTWO
PAM vs. QTWO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pampa Energía S.A. (PAM) and Q2 Holdings, Inc. (QTWO). 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.
| PAM | QTWO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.88 | ||
| Sortino ratioReturn per unit of downside risk | +1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 0.93 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.51 | -0.50 | +1.02 |
| Martin ratioReturn relative to average drawdown | 1.23 | -0.80 | +2.04 |
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Drawdowns
PAM vs. QTWO - Drawdown Comparison
The maximum PAM drawdown since its inception was -87.41%, roughly equal to the maximum QTWO drawdown of -85.77%. Use the drawdown chart below to compare losses from any high point for PAM and QTWO.
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Drawdown Indicators
| PAM | QTWO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.41% | -85.77% | -1.64% |
Max Drawdown (1Y)Largest decline over 1 year | -31.59% | -50.04% | +18.45% |
Max Drawdown (3Y)Largest decline over 3 years | -40.40% | -62.03% | +21.63% |
Max Drawdown (5Y)Largest decline over 5 years | -40.40% | -78.88% | +38.48% |
Max Drawdown (10Y)Largest decline over 10 years | -87.41% | -85.77% | -1.64% |
Current DrawdownCurrent decline from peak | -6.91% | -58.51% | +51.60% |
Average DrawdownAverage peak-to-trough decline | -42.23% | -30.61% | -11.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.10% | 31.23% | -18.13% |
Volatility
PAM vs. QTWO - Volatility Comparison
The current volatility for Pampa Energía S.A. (PAM) is 8.56%, while Q2 Holdings, Inc. (QTWO) has a volatility of 12.92%. This indicates that PAM experiences smaller price fluctuations and is considered to be less risky than QTWO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PAM | QTWO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.56% | 12.92% | -4.36% |
Volatility (6M)Calculated over the trailing 6-month period | 24.74% | 35.60% | -10.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.75% | 46.68% | +3.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.15% | 50.62% | -4.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.97% | 44.52% | +7.45% |
Dividends
PAM vs. QTWO - Dividend Comparison
Neither PAM nor QTWO has paid dividends to shareholders.
Financials
PAM vs. QTWO - Financials Comparison
This section allows you to compare key financial metrics between Pampa Energía S.A. and Q2 Holdings, 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
PAM vs. QTWO - Profitability Comparison
PAM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 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%.
QTWO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Q2 Holdings, Inc. reported a gross profit of 130.20M and revenue of 219.77M. Therefore, the gross margin over that period was 59.3%.
PAM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 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%.
QTWO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Q2 Holdings, Inc. reported an operating income of 29.34M and revenue of 219.77M, resulting in an operating margin of 13.4%.
PAM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 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%.
QTWO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Q2 Holdings, Inc. reported a net income of 29.86M and revenue of 219.77M, resulting in a net margin of 13.6%.
Frequently Asked Questions
PAM and QTWO have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QTWO has higher volatility (12.92%) compared to PAM (8.56%). In terms of maximum drawdown, PAM dropped -87.41% vs QTWO's -85.77%.
PAM currently has the higher Sharpe Ratio (0.33 vs -0.55), 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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