PIPR vs. TFPM
PIPR (Piper Sandler Companies) and TFPM (Triple Flag Precious Metals Corp) are both stocks. PIPR operates in Capital Markets (Financial Services), while TFPM operates in Other Precious Metals & Mining (Basic Materials). Over the past 3 years, PIPR returned 31.32%/yr vs 29.68%/yr for TFPM. At a 0.11 correlation, their price movements are largely independent.
Performance
PIPR vs. TFPM - Performance Comparison
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Returns By Period
In the year-to-date period, PIPR achieves a -13.26% return, which is significantly higher than TFPM's -15.14% return.
PIPR
- 1D
- -1.82%
- 1M
- -7.47%
- 6M
- -18.42%
- YTD
- -13.26%
- 1Y
- -2.12%
- 3Y*
- 31.32%
- 5Y*
- 21.93%
- 10Y*
- 24.78%
TFPM
- 1D
- -1.44%
- 1M
- 0.36%
- 6M
- -19.69%
- YTD
- -15.14%
- 1Y
- 19.91%
- 3Y*
- 29.68%
- 5Y*
- —
- 10Y*
- —
PIPR vs. TFPM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PIPR Piper Sandler Companies | -13.26% | 15.52% | 74.24% | 37.78% | -23.41% | 28.63% |
TFPM Triple Flag Precious Metals Corp | -15.14% | 123.03% | 14.60% | -1.81% | 14.71% | 32.61% |
Correlation
The correlation between PIPR and TFPM is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2021 | 0.11 |
Fundamentals
PIPR:
$4.87B
TFPM:
$5.81B
PIPR:
$3.95
TFPM:
$1.50
PIPR:
18.24
TFPM:
18.71
PIPR:
1.21
TFPM:
0.14
PIPR:
2.57
TFPM:
12.84
PIPR:
3.83
TFPM:
2.70
PIPR:
$2.00B
TFPM:
$453.24M
PIPR:
$1.95B
TFPM:
$337.23M
PIPR:
$455.82M
TFPM:
$354.95M
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Return for Risk
PIPR vs. TFPM — Risk / Return Rank
PIPR
TFPM
PIPR vs. TFPM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Piper Sandler Companies (PIPR) and Triple Flag Precious Metals Corp (TFPM). 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 | TFPM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.12 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.09 | 0.62 | -0.71 |
| Martin ratioReturn relative to average drawdown | -0.19 | 1.52 | -1.72 |
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Drawdowns
PIPR vs. TFPM - Drawdown Comparison
The maximum PIPR drawdown since its inception was -76.97%, which is greater than TFPM's maximum drawdown of -36.48%. Use the drawdown chart below to compare losses from any high point for PIPR and TFPM.
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Drawdown Indicators
| PIPR | TFPM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.97% | -36.48% | -40.49% |
Max Drawdown (1Y)Largest decline over 1 year | -24.56% | -34.87% | +10.31% |
Max Drawdown (3Y)Largest decline over 3 years | -38.78% | -34.87% | -3.91% |
Max Drawdown (5Y)Largest decline over 5 years | -42.30% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -63.02% | — | — |
Current DrawdownCurrent decline from peak | -22.06% | -31.84% | +9.78% |
Average DrawdownAverage peak-to-trough decline | -30.56% | -13.65% | -16.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.45% | 14.19% | -2.74% |
Volatility
PIPR vs. TFPM - Volatility Comparison
The current volatility for Piper Sandler Companies (PIPR) is 11.17%, while Triple Flag Precious Metals Corp (TFPM) has a volatility of 15.53%. This indicates that PIPR experiences smaller price fluctuations and is considered to be less risky than TFPM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PIPR | TFPM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.17% | 15.53% | -4.36% |
Volatility (6M)Calculated over the trailing 6-month period | 27.76% | 35.31% | -7.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.06% | 44.54% | -9.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.41% | 37.68% | -2.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.54% | 37.68% | -1.14% |
Dividends
PIPR vs. TFPM - Dividend Comparison
PIPR's dividend yield for the trailing twelve months is around 2.74%, more than TFPM's 0.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
PIPR Piper Sandler Companies | 2.74% | 1.68% | 1.17% | 2.09% | 5.30% | 3.81% | 1.98% | 1.88% | 4.74% | 1.45% |
TFPM Triple Flag Precious Metals Corp | 0.82% | 0.68% | 1.43% | 1.54% | 1.07% | 0.39% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
PIPR vs. TFPM - Financials Comparison
This section allows you to compare key financial metrics between Piper Sandler Companies and Triple Flag Precious Metals Corp. 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. TFPM - Profitability Comparison
PIPR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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%.
TFPM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Triple Flag Precious Metals Corp reported a gross profit of 104.35M and revenue of 144.96M. Therefore, the gross margin over that period was 72.0%.
PIPR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Piper Sandler Companies reported an operating income of 88.67M and revenue of 475.15M, resulting in an operating margin of 18.7%.
TFPM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Triple Flag Precious Metals Corp reported an operating income of 97.00M and revenue of 144.96M, resulting in an operating margin of 66.9%.
PIPR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Piper Sandler Companies reported a net income of 65.24M and revenue of 475.15M, resulting in a net margin of 13.7%.
TFPM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Triple Flag Precious Metals Corp reported a net income of 115.31M and revenue of 144.96M, resulting in a net margin of 79.6%.
Frequently Asked Questions
PIPR and TFPM have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TFPM has higher volatility (15.53%) compared to PIPR (11.17%). In terms of maximum drawdown, PIPR dropped -76.97% vs TFPM's -36.48%.
TFPM currently has the higher Sharpe Ratio (0.49 vs -0.06), 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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