PIPR vs. PWP
PIPR (Piper Sandler Companies) and PWP (Perella Weinberg Partners) are both stocks. Both operate in the Capital Markets industry within the Financial Services sector. Over the past 5 years, PIPR returned 23.07%/yr vs 7.96%/yr for PWP. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
PIPR vs. PWP - Performance Comparison
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Returns By Period
In the year-to-date period, PIPR achieves a -6.90% return, which is significantly lower than PWP's -5.90% return.
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%
PWP
- 1D
- -3.18%
- 1M
- -21.27%
- YTD
- -5.90%
- 6M
- -7.61%
- 1Y
- -6.28%
- 3Y*
- 28.01%
- 5Y*
- 7.96%
- 10Y*
- —
PIPR vs. PWP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PIPR Piper Sandler Companies | -6.90% | 15.52% | 74.24% | 37.78% | -23.41% | 85.33% | 10.04% |
PWP Perella Weinberg Partners | -5.90% | -26.45% | 98.18% | 28.39% | -21.21% | 15.04% | 14.20% |
Correlation
The correlation between PIPR and PWP is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Nov 23, 2020 | 0.58 |
The correlation between PIPR and PWP shifts across timeframes, from 0.57 (all time) to 0.73 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
PIPR:
$5.51B
PWP:
$1.64B
PIPR:
$3.96
PWP:
$0.21
PIPR:
19.55
PWP:
75.75
PIPR:
1.30
PWP:
2.17
PIPR:
2.76
PWP:
2.16
PIPR:
$2.00B
PWP:
$687.99M
PIPR:
$1.95B
PWP:
$698.88M
PIPR:
$455.82M
PWP:
$52.85M
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Return for Risk
PIPR vs. PWP — Risk / Return Rank
PIPR
PWP
PIPR vs. PWP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Piper Sandler Companies (PIPR) and Perella Weinberg Partners (PWP). 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 | PWP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.78 | -0.15 | +0.93 |
Sortino ratioReturn per unit of downside risk | 1.24 | 0.09 | +1.15 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.01 | +0.15 |
Calmar ratioReturn relative to maximum drawdown | 1.07 | -0.17 | +1.24 |
Martin ratioReturn relative to average drawdown | 2.64 | -0.34 | +2.98 |
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 | PWP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.78 | -0.15 | +0.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.19 | +0.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.28 | -0.05 |
Drawdowns
PIPR vs. PWP - Drawdown Comparison
The maximum PIPR drawdown since its inception was -76.97%, which is greater than PWP's maximum drawdown of -60.44%. Use the drawdown chart below to compare losses from any high point for PIPR and PWP.
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Drawdown Indicators
| PIPR | PWP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.97% | -60.44% | -16.53% |
Max Drawdown (1Y)Largest decline over 1 year | -24.56% | -33.93% | +9.37% |
Max Drawdown (3Y)Largest decline over 3 years | -38.78% | -41.33% | +2.55% |
Max Drawdown (5Y)Largest decline over 5 years | -42.30% | -60.44% | +18.14% |
Max Drawdown (10Y)Largest decline over 10 years | -63.02% | — | — |
Current DrawdownCurrent decline from peak | -16.34% | -37.53% | +21.19% |
Average DrawdownAverage peak-to-trough decline | -30.63% | -20.86% | -9.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.97% | 16.69% | -6.72% |
Volatility
PIPR vs. PWP - Volatility Comparison
The current volatility for Piper Sandler Companies (PIPR) is 7.01%, while Perella Weinberg Partners (PWP) has a volatility of 11.43%. This indicates that PIPR experiences smaller price fluctuations and is considered to be less risky than PWP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PIPR | PWP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.01% | 11.43% | -4.42% |
Volatility (6M)Calculated over the trailing 6-month period | 26.93% | 32.33% | -5.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.18% | 42.86% | -8.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.22% | 41.93% | -6.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.66% | 40.93% | -4.27% |
Dividends
PIPR vs. PWP - Dividend Comparison
PIPR's dividend yield for the trailing twelve months is around 2.55%, more than PWP's 1.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
PIPR Piper Sandler Companies | 2.55% | 1.68% | 1.17% | 2.09% | 5.30% | 3.81% | 1.98% | 1.88% | 4.74% | 1.45% |
PWP Perella Weinberg Partners | 1.73% | 1.62% | 1.17% | 2.29% | 2.86% | 1.09% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
PIPR vs. PWP - Financials Comparison
This section allows you to compare key financial metrics between Piper Sandler Companies and Perella Weinberg Partners. 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. PWP - 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%.
PWP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Perella Weinberg Partners reported a gross profit of 57.64M and revenue of 148.92M. Therefore, the gross margin over that period was 38.7%.
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%.
PWP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Perella Weinberg Partners reported an operating income of -12.90M and revenue of 148.92M, resulting in an operating margin of -8.7%.
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%.
PWP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Perella Weinberg Partners reported a net income of 1.49M and revenue of 148.92M, resulting in a net margin of 1.0%.
Frequently Asked Questions
PIPR and PWP have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PWP has higher volatility (11.43%) compared to PIPR (7.01%). In terms of maximum drawdown, PIPR dropped -76.97% vs PWP's -60.44%.
PIPR currently has the higher Sharpe Ratio (0.78 vs -0.15), 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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