PIPR vs. OLED
PIPR (Piper Sandler Companies) and OLED (Universal Display Corporation) are both stocks. PIPR operates in Capital Markets (Financial Services), while OLED operates in Semiconductor Equipment & Materials (Technology). Over the past 10 years, PIPR returned 26.34%/yr vs 3.20%/yr for OLED. At a 0.40 correlation, their price movements are largely independent.
Performance
PIPR vs. OLED - Performance Comparison
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Returns By Period
In the year-to-date period, PIPR achieves a -7.48% return, which is significantly higher than OLED's -23.54% return. Over the past 10 years, PIPR has outperformed OLED with an annualized return of 26.34%, while OLED has yielded a comparatively lower 3.20% annualized return.
PIPR
- 1D
- 0.31%
- 1M
- -4.84%
- YTD
- -7.48%
- 6M
- -10.47%
- 1Y
- 19.55%
- 3Y*
- 33.78%
- 5Y*
- 23.01%
- 10Y*
- 26.34%
OLED
- 1D
- 3.15%
- 1M
- -3.19%
- YTD
- -23.54%
- 6M
- -26.66%
- 1Y
- -40.39%
- 3Y*
- -13.73%
- 5Y*
- -15.39%
- 10Y*
- 3.20%
PIPR vs. OLED - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PIPR Piper Sandler Companies | -7.48% | 15.52% | 74.24% | 37.78% | -23.41% | 85.33% | 29.64% | 23.88% | -20.69% | 21.22% |
OLED Universal Display Corporation | -23.54% | -19.07% | -22.88% | 78.64% | -33.87% | -27.89% | 11.91% | 120.74% | -45.69% | 206.97% |
Correlation
The correlation between PIPR and OLED is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2004 | 0.40 |
The correlation between PIPR and OLED shifts across timeframes, from 0.31 (1 year) to 0.42 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
PIPR:
$5.48B
OLED:
$4.19B
PIPR:
$3.96
OLED:
$4.49
PIPR:
19.43
OLED:
19.78
PIPR:
1.29
OLED:
2.71
PIPR:
2.74
OLED:
6.74
PIPR:
4.08
OLED:
2.46
PIPR:
$2.00B
OLED:
$626.55M
PIPR:
$1.95B
OLED:
$465.05M
PIPR:
$455.82M
OLED:
$277.56M
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Return for Risk
PIPR vs. OLED — Risk / Return Rank
PIPR
OLED
PIPR vs. OLED - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Piper Sandler Companies (PIPR) and Universal Display Corporation (OLED). 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 | OLED | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.64 | ||
| Sortino ratioReturn per unit of downside risk | +2.57 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 0.82 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 0.80 | -0.88 | +1.68 |
| Martin ratioReturn relative to average drawdown | 1.92 | -1.52 | +3.44 |
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
| PIPR | OLED | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.58 | -1.06 | +1.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | -0.35 | +1.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 0.07 | +0.65 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.14 | +0.10 |
Drawdowns
PIPR vs. OLED - Drawdown Comparison
The maximum PIPR drawdown since its inception was -76.97%, smaller than the maximum OLED drawdown of -85.55%. Use the drawdown chart below to compare losses from any high point for PIPR and OLED.
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Drawdown Indicators
| PIPR | OLED | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.97% | -85.55% | +8.58% |
Max Drawdown (1Y)Largest decline over 1 year | -24.56% | -45.99% | +21.43% |
Max Drawdown (3Y)Largest decline over 3 years | -38.78% | -62.74% | +23.96% |
Max Drawdown (5Y)Largest decline over 5 years | -42.30% | -62.74% | +20.44% |
Max Drawdown (10Y)Largest decline over 10 years | -63.02% | -65.20% | +2.18% |
Current DrawdownCurrent decline from peak | -16.86% | -64.11% | +47.25% |
Average DrawdownAverage peak-to-trough decline | -30.62% | -45.19% | +14.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.20% | 26.64% | -16.44% |
Volatility
PIPR vs. OLED - Volatility Comparison
The current volatility for Piper Sandler Companies (PIPR) is 6.35%, while Universal Display Corporation (OLED) has a volatility of 11.17%. This indicates that PIPR experiences smaller price fluctuations and is considered to be less risky than OLED based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PIPR | OLED | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.35% | 11.17% | -4.82% |
Volatility (6M)Calculated over the trailing 6-month period | 26.79% | 29.29% | -2.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.19% | 38.14% | -3.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.24% | 43.81% | -8.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.67% | 47.45% | -10.78% |
Dividends
PIPR vs. OLED - Dividend Comparison
PIPR's dividend yield for the trailing twelve months is around 2.57%, more than OLED's 2.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
OLED Universal Display Corporation | 2.08% | 1.54% | 1.09% | 0.73% | 1.11% | 0.48% | 0.26% | 0.19% | 0.26% | 0.07% |
PIPR Piper Sandler Companies | 2.57% | 1.68% | 1.17% | 2.09% | 5.30% | 3.81% | 1.98% | 1.88% | 4.74% | 1.45% |
Financials
PIPR vs. OLED - Financials Comparison
This section allows you to compare key financial metrics between Piper Sandler Companies and Universal Display 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
PIPR vs. OLED - Profitability Comparison
PIPR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Piper Sandler Companies reported a gross profit of 456.39M and revenue of 475.15M. Therefore, the gross margin over that period was 96.1%.
OLED - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Universal Display Corporation reported a gross profit of 106.09M and revenue of 142.21M. Therefore, the gross margin over that period was 74.6%.
PIPR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Piper Sandler Companies reported an operating income of 88.67M and revenue of 475.15M, resulting in an operating margin of 18.7%.
OLED - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Universal Display Corporation reported an operating income of 42.75M and revenue of 142.21M, resulting in an operating margin of 30.1%.
PIPR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Piper Sandler Companies reported a net income of 65.24M and revenue of 475.15M, resulting in a net margin of 13.7%.
OLED - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Universal Display Corporation reported a net income of 35.90M and revenue of 142.21M, resulting in a net margin of 25.2%.
Frequently Asked Questions
PIPR and OLED have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OLED has higher volatility (11.17%) compared to PIPR (6.35%). In terms of maximum drawdown, PIPR dropped -76.97% vs OLED's -85.55%.
PIPR currently has the higher Sharpe Ratio (0.58 vs -1.06), 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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