PAX vs. BAM
PAX (Patria Investments Limited) and BAM (Brookfield Asset Management Inc.) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 3 years, PAX returned -4.76%/yr vs 16.66%/yr for BAM. At a 0.49 correlation, their price movements are largely independent.
Performance
PAX vs. BAM - Performance Comparison
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Returns By Period
In the year-to-date period, PAX achieves a -27.91% return, which is significantly lower than BAM's -11.82% return.
PAX
- 1D
- -3.87%
- 1M
- -10.63%
- YTD
- -27.91%
- 6M
- -24.79%
- 1Y
- -8.10%
- 3Y*
- -4.76%
- 5Y*
- -3.54%
- 10Y*
- —
BAM
- 1D
- -5.24%
- 1M
- -3.95%
- YTD
- -11.82%
- 6M
- -12.95%
- 1Y
- -16.86%
- 3Y*
- 16.66%
- 5Y*
- —
- 10Y*
- —
PAX vs. BAM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PAX Patria Investments Limited | -27.91% | 43.06% | -20.01% | 18.86% | 2.88% |
BAM Brookfield Asset Management Inc. | -11.82% | -0.24% | 39.70% | 45.61% | -10.41% |
Correlation
The correlation between PAX and BAM is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2022 | 0.49 |
The correlation between PAX and BAM has been stable across timeframes, ranging from 0.49 to 0.53 - a consistent structural relationship.
Fundamentals
PAX:
$1.77B
BAM:
$73.27B
PAX:
$0.46
BAM:
$1.55
PAX:
24.31
BAM:
29.18
PAX:
4.37
BAM:
14.48
PAX:
2.94
BAM:
6.52
PAX:
$401.58M
BAM:
$5.08B
PAX:
$340.05M
BAM:
$3.26B
PAX:
$155.87M
BAM:
$2.35B
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Return for Risk
PAX vs. BAM — Risk / Return Rank
PAX
BAM
PAX vs. BAM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Patria Investments Limited (PAX) and Brookfield Asset Management Inc. (BAM). 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.
| PAX | BAM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.44 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 0.92 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.22 | -0.56 | +0.33 |
| Martin ratioReturn relative to average drawdown | -0.47 | -1.03 | +0.56 |
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
| PAX | BAM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.28 | -0.57 | +0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.11 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.16 | 0.48 | -0.64 |
Drawdowns
PAX vs. BAM - Drawdown Comparison
The maximum PAX drawdown since its inception was -46.17%, which is greater than BAM's maximum drawdown of -30.37%. Use the drawdown chart below to compare losses from any high point for PAX and BAM.
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Drawdown Indicators
| PAX | BAM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.17% | -30.37% | -15.80% |
Max Drawdown (1Y)Largest decline over 1 year | -36.28% | -30.37% | -5.91% |
Max Drawdown (3Y)Largest decline over 3 years | -36.28% | -30.37% | -5.91% |
Max Drawdown (5Y)Largest decline over 5 years | -38.88% | — | — |
Current DrawdownCurrent decline from peak | -34.88% | -25.74% | -9.14% |
Average DrawdownAverage peak-to-trough decline | -27.10% | -8.76% | -18.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.14% | 16.37% | +0.77% |
Volatility
PAX vs. BAM - Volatility Comparison
Patria Investments Limited (PAX) has a higher volatility of 11.86% compared to Brookfield Asset Management Inc. (BAM) at 9.81%. This indicates that PAX's price experiences larger fluctuations and is considered to be riskier than BAM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PAX | BAM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.86% | 9.81% | +2.05% |
Volatility (6M)Calculated over the trailing 6-month period | 23.92% | 22.33% | +1.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.26% | 29.64% | -0.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.31% | 30.22% | +1.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.62% | 30.22% | +2.40% |
Dividends
PAX vs. BAM - Dividend Comparison
PAX's dividend yield for the trailing twelve months is around 5.48%, more than BAM's 4.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BAM Brookfield Asset Management Inc. | 4.15% | 3.34% | 2.80% | 3.19% | 0.00% | 0.00% |
PAX Patria Investments Limited | 5.48% | 3.78% | 7.52% | 6.34% | 5.04% | 4.38% |
Financials
PAX vs. BAM - Financials Comparison
This section allows you to compare key financial metrics between Patria Investments Limited and Brookfield Asset Management 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
PAX vs. BAM - Profitability Comparison
PAX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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%.
BAM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Brookfield Asset Management Inc. reported a gross profit of 0.00 and revenue of 1.34B. Therefore, the gross margin over that period was 0.0%.
PAX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Patria Investments Limited reported an operating income of 25.60M and revenue of 98.20M, resulting in an operating margin of 26.1%.
BAM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Brookfield Asset Management Inc. reported an operating income of 0.00 and revenue of 1.34B, resulting in an operating margin of 0.0%.
PAX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Patria Investments Limited reported a net income of 2.30M and revenue of 98.20M, resulting in a net margin of 2.3%.
BAM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Brookfield Asset Management Inc. reported a net income of 617.00M and revenue of 1.34B, resulting in a net margin of 46.1%.
Frequently Asked Questions
PAX and BAM have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PAX has higher volatility (11.86%) compared to BAM (9.81%). In terms of maximum drawdown, PAX dropped -46.17% vs BAM's -30.37%.
PAX currently has the higher Sharpe Ratio (-0.28 vs -0.57), 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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