PAX vs. AB
PAX (Patria Investments Limited) and AB (AllianceBernstein Holding L.P.) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 5 years, PAX returned -1.69%/yr vs 2.94%/yr for AB. Their 0.34 correlation means their historical movements had little consistent relationship.
Performance
PAX vs. AB - Performance Comparison
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Returns By Period
In the year-to-date period, PAX achieves a -30.17% return, which is significantly lower than AB's -0.09% return.
PAX
- 1D
- -1.37%
- 1M
- -2.52%
- 6M
- -24.05%
- YTD
- -30.17%
- 1Y
- -15.05%
- 3Y*
- -5.95%
- 5Y*
- -1.69%
- 10Y*
- —
- ALL TIME*
- -6.93%
AB
- 1D
- 0.11%
- 1M
- 1.24%
- 6M
- -9.62%
- YTD
- -0.09%
- 1Y
- -1.44%
- 3Y*
- 13.04%
- 5Y*
- 2.94%
- 10Y*
- 14.60%
- ALL TIME*
- 15.66%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $9.20M | $8.80M | $11.34M | |
| $12.76M | $9.89M | $10.93M |
PAX vs. AB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PAX Patria Investments Limited | -30.17% | 43.06% | -20.01% | 18.86% | -9.94% | -21.34% |
AB AllianceBernstein Holding L.P. | -0.09% | 13.36% | 30.40% | -2.29% | -23.46% | 48.20% |
Correlation
The correlation between PAX and AB is 0.26, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.26 |
Correlation (3Y) Balances recent behavior with more history. | 0.30 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.36 |
Correlation (All Time) Calculated using the full available price history since Jan 22, 2021 | 0.34 |
Fundamentals
PAX:
$1.73B
AB:
$3.43B
PAX:
$0.46
AB:
$3.39
PAX:
23.49
AB:
10.86
PAX:
4.22
AB:
9.88
PAX:
2.85
AB:
2.75
PAX:
$401.58M
AB:
$343.43M
PAX:
$340.05M
AB:
$343.43M
PAX:
$155.87M
AB:
$343.43M
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Return for Risk
PAX vs. AB — Risk / Return Rank
PAX
AB
PAX vs. AB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Patria Investments Limited (PAX) and AllianceBernstein Holding L.P. (AB). 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.
| PAX | AB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.00 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | -0.13 | -0.37 |
| Martin ratioReturn relative to average drawdown | -0.85 | -0.25 | -0.60 |
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Drawdowns
PAX vs. AB - Drawdown Comparison
The maximum PAX drawdown since its inception was -46.17%, smaller than the maximum AB drawdown of -87.65%. Use the drawdown chart below to compare losses from any high point for PAX and AB.
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Drawdown Indicators
| PAX | AB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.17% | -87.65% | +41.48% |
Max Drawdown (1Y)Largest decline over 1 year | -37.74% | -14.68% | -23.06% |
Max Drawdown (3Y)Largest decline over 3 years | -37.74% | -19.00% | -18.74% |
Max Drawdown (5Y)Largest decline over 5 years | -38.88% | -45.76% | +6.88% |
Max Drawdown (10Y)Largest decline over 10 years | — | -58.08% | — |
Current DrawdownCurrent decline from peak | -36.92% | -10.17% | -26.75% |
Average DrawdownAverage peak-to-trough decline | -27.35% | -26.15% | -1.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.04% | 7.31% | +14.73% |
Volatility
PAX vs. AB - Volatility Comparison
Patria Investments Limited (PAX) has a higher volatility of 6.76% compared to AllianceBernstein Holding L.P. (AB) at 4.49%. This indicates that PAX's price experiences larger fluctuations and is considered to be riskier than AB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PAX | AB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.76% | 4.49% | +2.27% |
Volatility (6M)Calculated over the trailing 6-month period | 22.98% | 16.00% | +6.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.44% | 22.25% | +7.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.27% | 28.06% | +3.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.58% | 32.31% | +0.27% |
Dividends
PAX vs. AB - Dividend Comparison
PAX's dividend yield for the trailing twelve months is around 5.66%, less than AB's 9.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AB AllianceBernstein Holding L.P. | 9.28% | 9.02% | 8.03% | 8.44% | 10.30% | 7.33% | 8.26% | 7.67% | 10.54% | 8.50% | 7.46% | 8.09% |
PAX Patria Investments Limited | 5.66% | 3.78% | 7.52% | 6.34% | 5.04% | 4.38% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
PAX vs. AB - Financials Comparison
This section allows you to compare key financial metrics between Patria Investments Limited and AllianceBernstein Holding L.P.. 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
PAX vs. AB - Profitability Comparison
PAX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Patria Investments Limited reported a gross profit of 78.20M and revenue of 98.20M. Therefore, the gross margin over that period was 79.6%.
AB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, AllianceBernstein Holding L.P. reported a gross profit of 80.00M and revenue of 80.00M. Therefore, the gross margin over that period was 100.0%.
PAX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Patria Investments Limited reported an operating income of 25.60M and revenue of 98.20M, resulting in an operating margin of 26.1%.
AB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, AllianceBernstein Holding L.P. reported an operating income of 80.00M and revenue of 80.00M, resulting in an operating margin of 100.0%.
PAX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Patria Investments Limited reported a net income of 2.30M and revenue of 98.20M, resulting in a net margin of 2.3%.
AB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, AllianceBernstein Holding L.P. reported a net income of 71.72M and revenue of 80.00M, resulting in a net margin of 89.7%.
Frequently Asked Questions
PAX and AB have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PAX has higher volatility (6.76%) compared to AB (4.49%). In terms of maximum drawdown, PAX dropped -46.17% vs AB's -87.65%.
AB currently has the higher Sharpe Ratio (-0.08 vs -0.64), 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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