PIPR vs. SF

Last updated Jun 3, 2026

PIPR (Piper Sandler Companies) and SF (Stifel Financial Corp.) 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 17.02%/yr for SF. A 0.63 correlation means they provide meaningful diversification when combined.

Performance

PIPR vs. SF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Piper Sandler Companies (PIPR) and Stifel Financial Corp. (SF). 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 higher than SF's -16.10% return. Over the past 10 years, PIPR has outperformed SF with an annualized return of 25.63%, while SF has yielded a comparatively lower 17.02% annualized 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%

SF

• 1D: 0.07%
• 1M: -9.49%
• YTD: -16.10%
• 6M: -12.63%
• 1Y: 13.73%
• 3Y*: 23.41%
• 5Y*: 10.79%
• 10Y*: 17.02%

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

PIPR vs. SF - 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%
SF Stifel Financial Corp.	-16.10%	20.07%	56.37%	21.24%	-15.57%	40.79%	26.32%	47.99%	-29.86%	19.71%

Correlation

The correlation between PIPR and SF is 0.75, 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	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (10Y) Calculated over the trailing 10-year period	0.68
Correlation (All Time) Calculated using the full available price history since Jan 5, 2004	0.63

The correlation between PIPR and SF shifts across timeframes, from 0.63 (all time) to 0.75 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap PIPR : $5.51B SF : $7.66B
EPS PIPR : $3.96 SF : $8.03
PE Ratio PIPR : 19.55 SF : 8.64
PS Ratio PIPR : 2.76 SF : 1.17
PB Ratio PIPR : 4.11 SF : 1.44
Total Revenue (TTM) PIPR : $2.00B SF : $6.51B
Gross Profit (TTM) PIPR : $1.95B SF : $5.60B
EBITDA (TTM) PIPR : $455.82M SF : $1.45B

Return for Risk

PIPR vs. SF — 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

SF

SF Risk / Return Rank: 54
SF Sharpe Ratio Rank: 59
SF Sortino Ratio Rank: 50
SF Omega Ratio Rank: 50
SF Calmar Ratio Rank: 54
SF Martin Ratio Rank: 56

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. SF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Piper Sandler Companies (PIPR) and Stifel Financial Corp. (SF). 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	SF	Difference
Sharpe ratio Return per unit of total volatility	0.78	0.54	+0.25
Sortino ratio Return per unit of downside risk	1.24	0.86	+0.38
Omega ratio Gain probability vs. loss probability	1.16	1.11	+0.05
Calmar ratio Return relative to maximum drawdown	1.07	0.61	+0.46
Martin ratio Return relative to average drawdown	2.64	1.46	+1.18
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. SF - Sharpe Ratio Comparison

The current PIPR Sharpe Ratio is 0.78, which is higher than the SF Sharpe Ratio of 0.54. The chart below compares the historical Sharpe Ratios of PIPR and SF, 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	SF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.78	0.54	+0.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.35	+0.31
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.70	0.49	+0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	0.24	0.00

Drawdowns

PIPR vs. SF - Drawdown Comparison

The maximum PIPR drawdown since its inception was -76.97%, roughly equal to the maximum SF drawdown of -78.37%. Use the drawdown chart below to compare losses from any high point for PIPR and SF.

Drawdown Indicators

	PIPR	SF	Difference
Max Drawdown Largest peak-to-trough decline	-76.97%	-78.37%	+1.40%
Max Drawdown (1Y) Largest decline over 1 year	-24.56%	-21.20%	-3.36%
Max Drawdown (3Y) Largest decline over 3 years	-38.78%	-34.67%	-4.11%
Max Drawdown (5Y) Largest decline over 5 years	-42.30%	-36.25%	-6.05%
Max Drawdown (10Y) Largest decline over 10 years	-63.02%	-51.89%	-11.13%
Current Drawdown Current decline from peak	-16.34%	-21.14%	+4.80%
Average Drawdown Average peak-to-trough decline	-30.63%	-29.18%	-1.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.97%	8.87%	+1.10%

Volatility

PIPR vs. SF - Volatility Comparison

Piper Sandler Companies (PIPR) has a higher volatility of 7.01% compared to Stifel Financial Corp. (SF) at 5.71%. This indicates that PIPR's price experiences larger fluctuations and is considered to be riskier than SF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PIPR	SF	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.01%	5.71%	+1.30%
Volatility (6M) Calculated over the trailing 6-month period	26.93%	19.96%	+6.97%
Volatility (1Y) Calculated over the trailing 1-year period	34.18%	25.73%	+8.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.22%	31.21%	+4.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.66%	35.20%	+1.46%

Dividends

PIPR vs. SF - Dividend Comparison

PIPR's dividend yield for the trailing twelve months is around 2.55%, more than SF's 1.86% 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%
SF Stifel Financial Corp.	1.86%	1.47%	1.58%	2.08%	2.06%	0.85%	0.90%	0.99%	1.16%	0.34%

Financials

PIPR vs. SF - Profitability Comparison

The chart below illustrates the profitability comparison between Piper Sandler Companies and Stifel Financial Corp. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

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%.

SF - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Stifel Financial Corp. reported a gross profit of 1.38B and revenue of 1.67B. Therefore, the gross margin over that period was 82.8%.

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%.

SF - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Stifel Financial Corp. reported an operating income of 542.38M and revenue of 1.67B, resulting in an operating margin of 32.6%.

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%.

SF - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Stifel Financial Corp. reported a net income of 251.42M and revenue of 1.67B, resulting in a net margin of 15.1%.

Frequently Asked Questions

Can I hold both PIPR and SF in my portfolio?

PIPR and SF have a correlation of 0.75, 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 SF?

PIPR has higher volatility (7.01%) compared to SF (5.71%). In terms of maximum drawdown, PIPR dropped -76.97% vs SF's -78.37%.

Which has better risk-adjusted returns?

PIPR currently has the higher Sharpe Ratio (0.78 vs 0.54), 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.