PR vs. WMS

Last updated Jun 3, 2026

PR (Permian Resources Corporation) and WMS (Advanced Drainage Systems, Inc.) are both stocks. PR operates in Oil & Gas E&P (Energy), while WMS operates in Building Products & Equipment (Industrials). Over the past 3 years, PR returned 31.34%/yr vs 9.65%/yr for WMS. At a 0.26 correlation, their price movements are largely independent.

Performance

PR vs. WMS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Permian Resources Corporation (PR) and Advanced Drainage Systems, Inc. (WMS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PR achieves a 41.74% return, which is significantly higher than WMS's -6.10% return.

PR

• 1D: 0.25%
• 1M: -10.77%
• YTD: 41.74%
• 6M: 40.66%
• 1Y: 60.70%
• 3Y*: 31.34%
• 5Y*: —
• 10Y*: —

WMS

• 1D: 0.01%
• 1M: -7.78%
• YTD: -6.10%
• 6M: -10.40%
• 1Y: 27.15%
• 3Y*: 9.65%
• 5Y*: 4.83%
• 10Y*: 20.11%

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

PR vs. WMS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
PR Permian Resources Corporation	41.74%	1.89%	11.66%	49.42%	23.93%
WMS Advanced Drainage Systems, Inc.	-6.10%	25.97%	-17.48%	72.44%	-38.29%

Correlation

The correlation between PR and WMS is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.00
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (All Time) Calculated using the full available price history since Sep 2, 2022	0.26

The correlation between PR and WMS shifts across timeframes, from -0.00 (1 year) to 0.26 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap PR : $16.33B WMS : $10.65B
EPS PR : $0.85 WMS : $5.45
PE Ratio PR : 23.20 WMS : 24.91
PEG Ratio PR : 0.38 WMS : 1.24
PS Ratio PR : 4.08 WMS : 3.33
Total Revenue (TTM) PR : $3.69B WMS : $3.19B
Gross Profit (TTM) PR : $1.20B WMS : $1.27B
EBITDA (TTM) PR : $3.15B WMS : $586.61M

Return for Risk

PR vs. WMS — Risk / Return Rank

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

PR

PR Risk / Return Rank: 82
PR Sharpe Ratio Rank: 85
PR Sortino Ratio Rank: 80
PR Omega Ratio Rank: 77
PR Calmar Ratio Rank: 85
PR Martin Ratio Rank: 84

WMS

WMS Risk / Return Rank: 61
WMS Sharpe Ratio Rank: 63
WMS Sortino Ratio Rank: 62
WMS Omega Ratio Rank: 57
WMS Calmar Ratio Rank: 60
WMS Martin Ratio Rank: 62

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.

PR vs. WMS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Permian Resources Corporation (PR) and Advanced Drainage Systems, Inc. (WMS). 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.

	PR	WMS	Difference
Sharpe ratio Return per unit of total volatility	1.83	0.70	+1.13
Sortino ratio Return per unit of downside risk	2.39	1.37	+1.02
Omega ratio Gain probability vs. loss probability	1.28	1.15	+0.13
Calmar ratio Return relative to maximum drawdown	3.64	0.96	+2.68
Martin ratio Return relative to average drawdown	8.46	2.38	+6.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PR vs. WMS - Sharpe Ratio Comparison

The current PR Sharpe Ratio is 1.83, which is higher than the WMS Sharpe Ratio of 0.70. The chart below compares the historical Sharpe Ratios of PR and WMS, 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

	PR	WMS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.83	0.70	+1.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.12	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.48	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.81	0.51	+0.30

Drawdowns

PR vs. WMS - Drawdown Comparison

The maximum PR drawdown since its inception was -39.39%, smaller than the maximum WMS drawdown of -53.58%. Use the drawdown chart below to compare losses from any high point for PR and WMS.

Drawdown Indicators

	PR	WMS	Difference
Max Drawdown Largest peak-to-trough decline	-39.39%	-53.58%	+14.19%
Max Drawdown (1Y) Largest decline over 1 year	-17.26%	-24.96%	+7.70%
Max Drawdown (3Y) Largest decline over 3 years	-39.39%	-45.75%	+6.36%
Max Drawdown (5Y) Largest decline over 5 years	—	-50.12%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-53.58%	—
Current Drawdown Current decline from peak	-12.43%	-23.47%	+11.04%
Average Drawdown Average peak-to-trough decline	-12.50%	-17.89%	+5.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.43%	10.08%	-2.65%

Volatility

PR vs. WMS - Volatility Comparison

Permian Resources Corporation (PR) and Advanced Drainage Systems, Inc. (WMS) have volatilities of 10.72% and 11.23%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PR	WMS	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.72%	11.23%	-0.51%
Volatility (6M) Calculated over the trailing 6-month period	23.42%	25.43%	-2.01%
Volatility (1Y) Calculated over the trailing 1-year period	33.35%	39.03%	-5.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.22%	42.00%	+0.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.22%	41.62%	+0.60%

Dividends

PR vs. WMS - Dividend Comparison

PR's dividend yield for the trailing twelve months is around 3.09%, more than WMS's 0.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PR Permian Resources Corporation	3.09%	4.28%	5.91%	2.72%	0.53%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
WMS Advanced Drainage Systems, Inc.	0.55%	0.48%	0.54%	0.38%	0.57%	0.31%	0.43%	3.48%	1.28%	1.13%	1.12%	0.79%

Financials

Frequently Asked Questions

Can I hold both PR and WMS in my portfolio?

PR and WMS have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PR or WMS?

WMS has higher volatility (11.23%) compared to PR (10.72%). In terms of maximum drawdown, PR dropped -39.39% vs WMS's -53.58%.

Which has better risk-adjusted returns?

PR currently has the higher Sharpe Ratio (1.83 vs 0.70), 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.