PBA vs. O
PBA (Pembina Pipeline Corporation) and O (Realty Income Corporation) are both stocks. PBA operates in Oil & Gas Midstream (Energy), while O operates in REIT - Retail (Real Estate). Over the past 10 years, PBA returned 10.71%/yr vs 4.58%/yr for O. At a 0.24 correlation, their price movements are largely independent.
Performance
PBA vs. O - Performance Comparison
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Returns By Period
In the year-to-date period, PBA achieves a 29.06% return, which is significantly higher than O's 8.26% return. Over the past 10 years, PBA has outperformed O with an annualized return of 10.71%, while O has yielded a comparatively lower 4.58% annualized return.
PBA
- 1D
- -0.47%
- 1M
- 4.25%
- YTD
- 29.06%
- 6M
- 28.28%
- 1Y
- 34.62%
- 3Y*
- 21.29%
- 5Y*
- 14.86%
- 10Y*
- 10.71%
O
- 1D
- -0.32%
- 1M
- -5.46%
- YTD
- 8.26%
- 6M
- 5.55%
- 1Y
- 12.57%
- 3Y*
- 5.73%
- 5Y*
- 2.47%
- 10Y*
- 4.58%
PBA vs. O - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PBA Pembina Pipeline Corporation | 29.06% | 8.55% | 13.16% | 7.81% | 18.33% | 36.99% | -30.57% | 31.15% | -13.66% | 21.15% |
O Realty Income Corporation | 8.26% | 12.20% | -2.11% | -4.55% | -7.38% | 23.95% | -11.60% | 21.27% | 15.94% | 3.67% |
Correlation
The correlation between PBA and O is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2010 | 0.24 |
Fundamentals
PBA:
$2.91
O:
$1.17
PBA:
16.71
O:
50.86
PBA:
0.64
O:
4.14
PBA:
3.73
O:
6.87
PBA:
$7.57B
O:
$5.92B
PBA:
$3.06B
O:
$3.89B
PBA:
$3.69B
O:
$3.93B
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Return for Risk
PBA vs. O — Risk / Return Rank
PBA
O
PBA vs. O - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pembina Pipeline Corporation (PBA) and Realty Income Corporation (O). 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.
| PBA | O | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.99 | ||
| Sortino ratioReturn per unit of downside risk | +1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.14 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.88 | 1.14 | +1.74 |
| Martin ratioReturn relative to average drawdown | 6.60 | 2.88 | +3.72 |
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
| PBA | O | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.78 | 0.79 | +0.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.13 | +0.56 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.33 | 0.18 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.48 | -0.11 |
Drawdowns
PBA vs. O - Drawdown Comparison
The maximum PBA drawdown since its inception was -70.87%, which is greater than O's maximum drawdown of -48.45%. Use the drawdown chart below to compare losses from any high point for PBA and O.
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Drawdown Indicators
| PBA | O | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.87% | -48.45% | -22.42% |
Max Drawdown (1Y)Largest decline over 1 year | -12.08% | -11.10% | -0.98% |
Max Drawdown (3Y)Largest decline over 3 years | -17.92% | -26.49% | +8.57% |
Max Drawdown (5Y)Largest decline over 5 years | -27.37% | -34.48% | +7.11% |
Max Drawdown (10Y)Largest decline over 10 years | -70.87% | -48.28% | -22.59% |
Current DrawdownCurrent decline from peak | -2.08% | -10.44% | +8.36% |
Average DrawdownAverage peak-to-trough decline | -15.05% | -9.21% | -5.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.26% | 4.37% | +0.89% |
Volatility
PBA vs. O - Volatility Comparison
Pembina Pipeline Corporation (PBA) has a higher volatility of 7.23% compared to Realty Income Corporation (O) at 5.48%. This indicates that PBA's price experiences larger fluctuations and is considered to be riskier than O based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PBA | O | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.23% | 5.48% | +1.75% |
Volatility (6M)Calculated over the trailing 6-month period | 13.80% | 11.72% | +2.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.49% | 15.95% | +3.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.62% | 18.87% | +2.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.90% | 25.63% | +7.27% |
Dividends
PBA vs. O - Dividend Comparison
PBA's dividend yield for the trailing twelve months is around 4.26%, less than O's 5.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
O Realty Income Corporation | 5.42% | 6.19% | 5.37% | 5.33% | 4.68% | 3.87% | 4.51% | 3.69% | 4.19% | 4.45% | 4.18% | 4.41% |
PBA Pembina Pipeline Corporation | 4.26% | 5.34% | 5.39% | 5.70% | 5.78% | 6.71% | 8.56% | 4.80% | 5.81% | 4.36% | 4.19% | 6.48% |
Financials
PBA vs. O - Financials Comparison
This section allows you to compare key financial metrics between Pembina Pipeline Corporation and Realty Income Corporation. 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
PBA vs. O - Profitability Comparison
PBA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Pembina Pipeline Corporation reported a gross profit of 797.05M and revenue of 2.07B. Therefore, the gross margin over that period was 38.5%.
O - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Realty Income Corporation reported a gross profit of 0.00 and revenue of 1.55B. Therefore, the gross margin over that period was 0.0%.
PBA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Pembina Pipeline Corporation reported an operating income of 670.73M and revenue of 2.07B, resulting in an operating margin of 32.4%.
O - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Realty Income Corporation reported an operating income of 0.00 and revenue of 1.55B, resulting in an operating margin of 0.0%.
PBA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Pembina Pipeline Corporation reported a net income of 499.29M and revenue of 2.07B, resulting in a net margin of 24.1%.
O - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Realty Income Corporation reported a net income of -9.17M and revenue of 1.55B, resulting in a net margin of -0.6%.
Frequently Asked Questions
PBA and O have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PBA has higher volatility (7.23%) compared to O (5.48%). In terms of maximum drawdown, PBA dropped -70.87% vs O's -48.45%.
PBA currently has the higher Sharpe Ratio (1.78 vs 0.79), 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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