PIPR vs. IBKR

Last updated Jun 3, 2026

PIPR (Piper Sandler Companies) and IBKR (Interactive Brokers Group, Inc.) are both stocks. Both operate in the Capital Markets industry within the Financial Services sector. Over the past 10 years, PIPR returned 25.63%/yr vs 25.49%/yr for IBKR. At a 0.49 correlation, their price movements are largely independent.

Performance

PIPR vs. IBKR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Piper Sandler Companies (PIPR) and Interactive Brokers Group, Inc. (IBKR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PIPR achieves a -6.90% return, which is significantly lower than IBKR's 38.24% return. Both investments have delivered pretty close results over the past 10 years, with PIPR having a 25.63% annualized return and IBKR not far behind at 25.49%.

PIPR

• 1D: 0.19%
• 1M: -2.31%
• YTD: -6.90%
• 6M: -2.39%
• 1Y: 26.67%
• 3Y*: 36.10%
• 5Y*: 23.07%
• 10Y*: 25.63%

IBKR

• 1D: 0.03%
• 1M: 10.38%
• YTD: 38.24%
• 6M: 39.81%
• 1Y: 71.24%
• 3Y*: 64.85%
• 5Y*: 39.41%
• 10Y*: 25.49%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PIPR vs. IBKR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PIPR Piper Sandler Companies	-6.90%	15.52%	74.24%	37.78%	-23.41%	85.33%	29.64%	23.88%	-20.69%	21.22%
IBKR Interactive Brokers Group, Inc.	38.24%	46.37%	114.43%	15.14%	-8.35%	31.12%	31.71%	-14.01%	-7.13%	63.75%

Correlation

The correlation between PIPR and IBKR is 0.51, 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	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (10Y) Calculated over the trailing 10-year period	0.48
Correlation (All Time) Calculated using the full available price history since May 7, 2007	0.49

The correlation between PIPR and IBKR has been stable across timeframes, ranging from 0.44 to 0.51 - a consistent structural relationship.

Fundamentals

Market Cap PIPR : $5.51B IBKR : $39.78B
EPS PIPR : $3.96 IBKR : $3.76
PE Ratio PIPR : 19.55 IBKR : 23.63
PEG Ratio PIPR : 1.30 IBKR : 0.81
PS Ratio PIPR : 2.76 IBKR : 4.56
PB Ratio PIPR : 4.11 IBKR : 1.87
Total Revenue (TTM) PIPR : $2.00B IBKR : $8.69B
Gross Profit (TTM) PIPR : $1.95B IBKR : $7.75B
EBITDA (TTM) PIPR : $455.82M IBKR : $7.07B

Return for Risk

PIPR vs. IBKR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PIPR

PIPR Risk / Return Rank: 62
PIPR Sharpe Ratio Rank: 65
PIPR Sortino Ratio Rank: 59
PIPR Omega Ratio Rank: 59
PIPR Calmar Ratio Rank: 62
PIPR Martin Ratio Rank: 63

IBKR

IBKR Risk / Return Rank: 84
IBKR Sharpe Ratio Rank: 86
IBKR Sortino Ratio Rank: 82
IBKR Omega Ratio Rank: 80
IBKR Calmar Ratio Rank: 86
IBKR Martin Ratio Rank: 86

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PIPR vs. IBKR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Piper Sandler Companies (PIPR) and Interactive Brokers Group, Inc. (IBKR). 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.

	PIPR	IBKR	Difference
Sharpe ratio Return per unit of total volatility	0.78	1.92	-1.14
Sortino ratio Return per unit of downside risk	1.24	2.51	-1.27
Omega ratio Gain probability vs. loss probability	1.16	1.31	-0.15
Calmar ratio Return relative to maximum drawdown	1.07	3.75	-2.67
Martin ratio Return relative to average drawdown	2.64	9.52	-6.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PIPR vs. IBKR - Sharpe Ratio Comparison

The current PIPR Sharpe Ratio is 0.78, which is lower than the IBKR Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of PIPR and IBKR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PIPR	IBKR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.78	1.92	-1.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	1.15	-0.49
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.70	0.77	-0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	0.45	-0.21

Drawdowns

PIPR vs. IBKR - Drawdown Comparison

The maximum PIPR drawdown since its inception was -76.97%, which is greater than IBKR's maximum drawdown of -63.66%. Use the drawdown chart below to compare losses from any high point for PIPR and IBKR.

Drawdown Indicators

	PIPR	IBKR	Difference
Max Drawdown Largest peak-to-trough decline	-76.97%	-63.66%	-13.31%
Max Drawdown (1Y) Largest decline over 1 year	-24.56%	-18.70%	-5.86%
Max Drawdown (3Y) Largest decline over 3 years	-38.78%	-38.66%	-0.12%
Max Drawdown (5Y) Largest decline over 5 years	-42.30%	-38.66%	-3.64%
Max Drawdown (10Y) Largest decline over 10 years	-63.02%	-55.09%	-7.93%
Current Drawdown Current decline from peak	-16.34%	0.00%	-16.34%
Average Drawdown Average peak-to-trough decline	-30.63%	-24.74%	-5.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.97%	7.36%	+2.61%

Volatility

PIPR vs. IBKR - Volatility Comparison

The current volatility for Piper Sandler Companies (PIPR) is 7.01%, while Interactive Brokers Group, Inc. (IBKR) has a volatility of 10.82%. This indicates that PIPR experiences smaller price fluctuations and is considered to be less risky than IBKR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PIPR	IBKR	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.01%	10.82%	-3.81%
Volatility (6M) Calculated over the trailing 6-month period	26.93%	27.39%	-0.46%
Volatility (1Y) Calculated over the trailing 1-year period	34.18%	37.31%	-3.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.22%	34.44%	+0.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.66%	33.34%	+3.32%

Dividends

PIPR vs. IBKR - Dividend Comparison

PIPR's dividend yield for the trailing twelve months is around 2.55%, more than IBKR's 0.37% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IBKR Interactive Brokers Group, Inc.	0.37%	0.47%	0.48%	0.48%	0.55%	0.50%	0.66%	0.86%	0.73%	0.68%	1.10%	0.92%
PIPR Piper Sandler Companies	2.55%	1.68%	1.17%	2.09%	5.30%	3.81%	1.98%	1.88%	4.74%	1.45%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both PIPR and IBKR in my portfolio?

PIPR and IBKR have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PIPR or IBKR?

IBKR has higher volatility (10.82%) compared to PIPR (7.01%). In terms of maximum drawdown, PIPR dropped -76.97% vs IBKR's -63.66%.

Which has better risk-adjusted returns?

IBKR currently has the higher Sharpe Ratio (1.92 vs 0.78), 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.