PAM vs. VNOM
PAM (Pampa Energía S.A.) and VNOM (Viper Energy Partners LP) are both stocks. PAM operates in Utilities - Regulated Electric (Utilities), while VNOM operates in Oil & Gas Midstream (Energy). Over the past 10 years, PAM returned 13.08%/yr vs 15.67%/yr for VNOM. At a 0.21 correlation, their price movements are largely independent.
Performance
PAM vs. VNOM - Performance Comparison
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Returns By Period
In the year-to-date period, PAM achieves a -0.03% return, which is significantly lower than VNOM's 17.90% return. Over the past 10 years, PAM has underperformed VNOM with an annualized return of 13.08%, while VNOM has yielded a comparatively higher 15.67% annualized return.
PAM
- 1D
- 0.17%
- 1M
- 11.49%
- YTD
- -0.03%
- 6M
- 0.08%
- 1Y
- 18.80%
- 3Y*
- 31.91%
- 5Y*
- 39.46%
- 10Y*
- 13.08%
VNOM
- 1D
- 1.56%
- 1M
- -9.39%
- YTD
- 17.90%
- 6M
- 12.90%
- 1Y
- 10.29%
- 3Y*
- 28.28%
- 5Y*
- 26.04%
- 10Y*
- 15.67%
PAM vs. VNOM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PAM Pampa Energía S.A. | -0.03% | 0.65% | 77.58% | 55.04% | 51.30% | 53.19% | -16.13% | -48.35% | -52.72% | 93.28% |
VNOM Viper Energy Partners LP | 17.90% | -16.58% | 65.52% | 4.83% | 61.69% | 94.24% | -50.69% | 0.66% | 19.60% | 55.99% |
Correlation
The correlation between PAM and VNOM is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2014 | 0.21 |
Fundamentals
PAM:
$4.81B
VNOM:
$8.05B
PAM:
$8.05
VNOM:
-$0.29
PAM:
2.23
VNOM:
4.34
PAM:
1.27
VNOM:
1.57
PAM:
$2.16B
VNOM:
$1.60B
PAM:
$682.00M
VNOM:
$740.00M
PAM:
$1.22B
VNOM:
$1.04B
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Return for Risk
PAM vs. VNOM — Risk / Return Rank
PAM
VNOM
PAM vs. VNOM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pampa Energía S.A. (PAM) and Viper Energy Partners LP (VNOM). 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 | VNOM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.10 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.50 | 0.95 | -0.45 |
| Martin ratioReturn relative to average drawdown | 1.23 | 1.64 | -0.41 |
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Drawdowns
PAM vs. VNOM - Drawdown Comparison
The maximum PAM drawdown since its inception was -87.41%, roughly equal to the maximum VNOM drawdown of -86.96%. Use the drawdown chart below to compare losses from any high point for PAM and VNOM.
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Drawdown Indicators
| PAM | VNOM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.41% | -86.96% | -0.45% |
Max Drawdown (1Y)Largest decline over 1 year | -31.59% | -14.09% | -17.50% |
Max Drawdown (3Y)Largest decline over 3 years | -40.40% | -34.46% | -5.94% |
Max Drawdown (5Y)Largest decline over 5 years | -40.40% | -34.46% | -5.94% |
Max Drawdown (10Y)Largest decline over 10 years | -87.41% | -86.96% | -0.45% |
Current DrawdownCurrent decline from peak | -6.75% | -14.66% | +7.91% |
Average DrawdownAverage peak-to-trough decline | -42.47% | -31.64% | -10.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.89% | 8.18% | +4.71% |
Volatility
PAM vs. VNOM - Volatility Comparison
Pampa Energía S.A. (PAM) has a higher volatility of 10.62% compared to Viper Energy Partners LP (VNOM) at 7.16%. This indicates that PAM's price experiences larger fluctuations and is considered to be riskier than VNOM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PAM | VNOM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.62% | 7.16% | +3.46% |
Volatility (6M)Calculated over the trailing 6-month period | 24.49% | 19.95% | +4.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.19% | 29.28% | +21.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.29% | 35.89% | +10.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.94% | 45.21% | +6.73% |
Dividends
PAM vs. VNOM - Dividend Comparison
PAM has not paid dividends to shareholders, while VNOM's dividend yield for the trailing twelve months is around 5.21%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VNOM Viper Energy Partners LP | 5.21% | 6.03% | 4.89% | 5.58% | 7.68% | 5.16% | 5.85% | 7.38% | 8.14% | 5.27% | 4.83% | 6.16% |
Financials
PAM vs. VNOM - Financials Comparison
This section allows you to compare key financial metrics between Pampa Energía S.A. and Viper Energy Partners LP. 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. VNOM - 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%.
VNOM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Viper Energy Partners LP reported a gross profit of 255.00M and revenue of 496.00M. Therefore, the gross margin over that period was 51.4%.
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%.
VNOM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Viper Energy Partners LP reported an operating income of 238.00M and revenue of 496.00M, resulting in an operating margin of 48.0%.
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%.
VNOM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Viper Energy Partners LP reported a net income of 97.00M and revenue of 496.00M, resulting in a net margin of 19.6%.
Frequently Asked Questions
PAM and VNOM have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PAM has higher volatility (10.62%) compared to VNOM (7.16%). In terms of maximum drawdown, PAM dropped -87.41% vs VNOM's -86.96%.
VNOM currently has the higher Sharpe Ratio (0.46 vs 0.31), 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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