PAM vs. YPF
PAM (Pampa Energía S.A.) and YPF (YPF Sociedad Anónima) are both stocks. PAM operates in Utilities - Regulated Electric (Utilities), while YPF operates in Oil & Gas Integrated (Energy). Over the past 10 years, PAM returned 12.41%/yr vs 10.08%/yr for YPF. A 0.52 correlation means they provide meaningful diversification when combined.
Performance
PAM vs. YPF - Performance Comparison
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Returns By Period
In the year-to-date period, PAM achieves a -4.50% return, which is significantly lower than YPF's 36.81% return. Over the past 10 years, PAM has outperformed YPF with an annualized return of 12.41%, while YPF has yielded a comparatively lower 10.08% annualized return.
PAM
- 1D
- -2.37%
- 1M
- 4.77%
- YTD
- -4.50%
- 6M
- -4.50%
- 1Y
- 19.39%
- 3Y*
- 26.22%
- 5Y*
- 38.70%
- 10Y*
- 12.41%
YPF
- 1D
- -1.94%
- 1M
- 3.08%
- YTD
- 36.81%
- 6M
- 39.31%
- 1Y
- 42.65%
- 3Y*
- 49.55%
- 5Y*
- 57.84%
- 10Y*
- 10.08%
PAM vs. YPF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PAM Pampa Energía S.A. | -4.50% | 0.65% | 77.58% | 55.04% | 51.30% | 53.19% | -16.13% | -48.35% | -52.72% | 93.28% |
YPF YPF Sociedad Anónima | 36.81% | -14.94% | 147.29% | 87.05% | 140.58% | -18.72% | -59.41% | -12.86% | -41.18% | 39.31% |
Correlation
The correlation between PAM and YPF is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 2009 | 0.52 |
Over the past year, PAM and YPF have become more correlated (0.81) than their long-term average of 0.52, meaning their price movements have been converging.
Fundamentals
PAM:
$4.60B
YPF:
$19.40B
PAM:
$8.05
YPF:
-$3.19K
PAM:
2.13
YPF:
0.00
PAM:
1.22
YPF:
1.71
PAM:
$2.16B
YPF:
$13.23T
PAM:
$682.00M
YPF:
$3.80T
PAM:
$1.22B
YPF:
$4.05T
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Return for Risk
PAM vs. YPF — Risk / Return Rank
PAM
YPF
PAM vs. YPF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pampa Energía S.A. (PAM) and YPF Sociedad Anónima (YPF). 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 | YPF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.19 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.62 | 1.23 | -0.62 |
| Martin ratioReturn relative to average drawdown | 1.52 | 3.42 | -1.89 |
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Drawdowns
PAM vs. YPF - Drawdown Comparison
The maximum PAM drawdown since its inception was -87.41%, smaller than the maximum YPF drawdown of -94.58%. Use the drawdown chart below to compare losses from any high point for PAM and YPF.
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Drawdown Indicators
| PAM | YPF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.41% | -94.58% | +7.17% |
Max Drawdown (1Y)Largest decline over 1 year | -31.59% | -34.89% | +3.30% |
Max Drawdown (3Y)Largest decline over 3 years | -40.40% | -48.79% | +8.39% |
Max Drawdown (5Y)Largest decline over 5 years | -40.40% | -48.79% | +8.39% |
Max Drawdown (10Y)Largest decline over 10 years | -87.41% | -90.08% | +2.67% |
Current DrawdownCurrent decline from peak | -10.91% | -12.21% | +1.30% |
Average DrawdownAverage peak-to-trough decline | -42.43% | -39.08% | -3.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.77% | 12.71% | +0.06% |
Volatility
PAM vs. YPF - Volatility Comparison
The current volatility for Pampa Energía S.A. (PAM) is 9.67%, while YPF Sociedad Anónima (YPF) has a volatility of 11.68%. This indicates that PAM experiences smaller price fluctuations and is considered to be less risky than YPF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PAM | YPF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.67% | 11.68% | -2.01% |
Volatility (6M)Calculated over the trailing 6-month period | 24.56% | 28.15% | -3.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.20% | 53.47% | -2.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.33% | 54.77% | -8.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.98% | 54.76% | -2.78% |
Dividends
PAM vs. YPF - Dividend Comparison
Neither PAM nor YPF has paid dividends to shareholders.
| 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% |
YPF YPF Sociedad Anónima | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.19% | 0.60% | 0.32% | 0.66% | 0.80% |
Financials
PAM vs. YPF - Financials Comparison
This section allows you to compare key financial metrics between Pampa Energía S.A. and YPF Sociedad Anónima. 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. YPF - 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%.
YPF - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, YPF Sociedad Anónima reported a gross profit of 1.76B and revenue of 4.94B. Therefore, the gross margin over that period was 35.5%.
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%.
YPF - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, YPF Sociedad Anónima reported an operating income of 873.00M and revenue of 4.94B, resulting in an operating margin of 17.7%.
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%.
YPF - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, YPF Sociedad Anónima reported a net income of 404.00M and revenue of 4.94B, resulting in a net margin of 8.2%.
Frequently Asked Questions
PAM and YPF have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YPF has higher volatility (11.68%) compared to PAM (9.67%). In terms of maximum drawdown, PAM dropped -87.41% vs YPF's -94.58%.
YPF currently has the higher Sharpe Ratio (0.81 vs 0.38), 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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