PIPR vs. FXAIX
PIPR (Piper Sandler Companies) is a stock, while FXAIX (Fidelity 500 Index Fund) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, PIPR returned 25.74%/yr vs 15.00%/yr for FXAIX. Their 0.61 correlation means they have sometimes moved together and sometimes differently.
Performance
PIPR vs. FXAIX - Performance Comparison
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Returns By Period
In the year-to-date period, PIPR achieves a -8.81% return, which is significantly lower than FXAIX's 9.35% return. Over the past 10 years, PIPR has outperformed FXAIX with an annualized return of 25.74%, while FXAIX has yielded a comparatively lower 15.00% annualized return.
PIPR
- 1D
- -0.50%
- 1M
- 6.63%
- 6M
- -10.56%
- YTD
- -8.81%
- 1Y
- -0.16%
- 3Y*
- 29.13%
- 5Y*
- 23.58%
- 10Y*
- 25.74%
- ALL TIME*
- 10.57%
FXAIX
- 1D
- 1.66%
- 1M
- -0.56%
- 6M
- 7.79%
- YTD
- 9.35%
- 1Y
- 20.63%
- 3Y*
- 19.03%
- 5Y*
- 12.68%
- 10Y*
- 15.00%
- ALL TIME*
- 13.89%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $44.97M | $47.30M | $48.12M |
PIPR vs. FXAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PIPR Piper Sandler Companies | -8.81% | 15.52% | 74.24% | 37.78% | -23.41% | 85.33% | 29.64% | 23.88% | -20.69% | 21.22% |
FXAIX Fidelity 500 Index Fund | 9.35% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% | 31.48% | -4.43% | 21.82% |
Correlation
The correlation between PIPR and FXAIX is 0.55, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.55 |
Correlation (3Y) Balances recent behavior with more history. | 0.59 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.60 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.58 |
Correlation (All Time) Calculated using the full available price history since May 4, 2011 | 0.61 |
The correlation between PIPR and FXAIX has been stable across timeframes, ranging from 0.55 to 0.61 - a consistent structural relationship.
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Return for Risk
PIPR vs. FXAIX — Risk / Return Rank
PIPR
FXAIX
PIPR vs. FXAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Piper Sandler Companies (PIPR) and Fidelity 500 Index Fund (FXAIX). 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.
| PIPR | FXAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.47 | ||
| Sortino ratioReturn per unit of downside risk | -1.81 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.26 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.06 | 2.06 | -2.12 |
| Martin ratioReturn relative to average drawdown | -0.11 | 8.86 | -8.97 |
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Drawdowns
PIPR vs. FXAIX - Drawdown Comparison
The maximum PIPR drawdown since its inception was -76.97%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for PIPR and FXAIX.
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Drawdown Indicators
| PIPR | FXAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.97% | -33.79% | -43.18% |
Max Drawdown (1Y)Largest decline over 1 year | -24.56% | -8.89% | -15.67% |
Max Drawdown (3Y)Largest decline over 3 years | -38.78% | -18.76% | -20.02% |
Max Drawdown (5Y)Largest decline over 5 years | -42.30% | -24.50% | -17.80% |
Max Drawdown (10Y)Largest decline over 10 years | -63.02% | -33.79% | -29.23% |
Current DrawdownCurrent decline from peak | -18.06% | -2.11% | -15.95% |
Average DrawdownAverage peak-to-trough decline | -30.53% | -3.77% | -26.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.26% | 2.07% | +10.19% |
Volatility
PIPR vs. FXAIX - Volatility Comparison
Piper Sandler Companies (PIPR) has a higher volatility of 12.04% compared to Fidelity 500 Index Fund (FXAIX) at 3.44%. This indicates that PIPR's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PIPR | FXAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.04% | 3.44% | +8.60% |
Volatility (6M)Calculated over the trailing 6-month period | 28.10% | 10.09% | +18.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.36% | 12.86% | +22.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.45% | 17.03% | +18.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.57% | 18.07% | +18.50% |
Dividends
PIPR vs. FXAIX - Dividend Comparison
PIPR's dividend yield for the trailing twelve months is around 2.61%, more than FXAIX's 1.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXAIX Fidelity 500 Index Fund | 1.07% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
PIPR Piper Sandler Companies | 2.61% | 1.68% | 1.17% | 2.09% | 5.30% | 3.81% | 1.98% | 1.88% | 4.74% | 1.45% | 0.00% | 0.00% |
Frequently Asked Questions
PIPR and FXAIX have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PIPR has higher volatility (12.04%) compared to FXAIX (3.44%). In terms of maximum drawdown, PIPR dropped -76.97% vs FXAIX's -33.79%.
FXAIX currently has the higher Sharpe Ratio (1.43 vs -0.04), 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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