PWP vs. PIPR
PWP (Perella Weinberg Partners) and PIPR (Piper Sandler Companies) are both stocks. Both operate in the Capital Markets industry within the Financial Services sector. Over the past 5 years, PWP returned 6.25%/yr vs 23.16%/yr for PIPR. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
PWP vs. PIPR - Performance Comparison
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Returns By Period
In the year-to-date period, PWP achieves a -6.19% return, which is significantly lower than PIPR's -3.70% return.
PWP
- 1D
- 0.59%
- 1M
- -13.40%
- YTD
- -6.19%
- 6M
- -6.14%
- 1Y
- -12.38%
- 3Y*
- 28.30%
- 5Y*
- 6.25%
- 10Y*
- —
PIPR
- 1D
- -2.10%
- 1M
- -0.53%
- YTD
- -3.70%
- 6M
- -6.41%
- 1Y
- 25.14%
- 3Y*
- 37.99%
- 5Y*
- 23.16%
- 10Y*
- 27.61%
PWP vs. PIPR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PWP Perella Weinberg Partners | -6.19% | -26.45% | 98.18% | 28.39% | -21.21% | 15.04% | 126.00% |
PIPR Piper Sandler Companies | -3.70% | 15.52% | 74.24% | 37.78% | -23.41% | 85.33% | 9.27% |
Correlation
The correlation between PWP and PIPR is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2020 | 0.57 |
The correlation between PWP and PIPR shifts across timeframes, from 0.57 (all time) to 0.72 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
PWP:
$1.63B
PIPR:
$5.70B
PWP:
$0.21
PIPR:
$3.96
PWP:
75.52
PIPR:
20.22
PWP:
2.17
PIPR:
1.34
PWP:
2.15
PIPR:
2.85
PWP:
$687.99M
PIPR:
$2.00B
PWP:
$698.88M
PIPR:
$1.95B
PWP:
$52.85M
PIPR:
$455.82M
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Return for Risk
PWP vs. PIPR — Risk / Return Rank
PWP
PIPR
PWP vs. PIPR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Perella Weinberg Partners (PWP) and Piper Sandler Companies (PIPR). 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.
| PWP | PIPR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.03 | ||
| Sortino ratioReturn per unit of downside risk | -1.31 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.15 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.32 | 1.03 | -1.35 |
| Martin ratioReturn relative to average drawdown | -0.67 | 2.39 | -3.05 |
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Drawdowns
PWP vs. PIPR - Drawdown Comparison
The maximum PWP drawdown since its inception was -60.44%, smaller than the maximum PIPR drawdown of -76.97%. Use the drawdown chart below to compare losses from any high point for PWP and PIPR.
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Drawdown Indicators
| PWP | PIPR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.44% | -76.97% | +16.53% |
Max Drawdown (1Y)Largest decline over 1 year | -39.12% | -24.56% | -14.56% |
Max Drawdown (3Y)Largest decline over 3 years | -43.13% | -38.78% | -4.35% |
Max Drawdown (5Y)Largest decline over 5 years | -60.44% | -42.30% | -18.14% |
Max Drawdown (10Y)Largest decline over 10 years | — | -63.02% | — |
Current DrawdownCurrent decline from peak | -37.72% | -13.47% | -24.25% |
Average DrawdownAverage peak-to-trough decline | -21.03% | -30.59% | +9.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.62% | 10.56% | +8.06% |
Volatility
PWP vs. PIPR - Volatility Comparison
Perella Weinberg Partners (PWP) has a higher volatility of 13.43% compared to Piper Sandler Companies (PIPR) at 7.33%. This indicates that PWP's price experiences larger fluctuations and is considered to be riskier than PIPR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PWP | PIPR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.43% | 7.33% | +6.10% |
Volatility (6M)Calculated over the trailing 6-month period | 33.33% | 26.71% | +6.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.31% | 34.43% | +8.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.99% | 35.26% | +6.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.31% | 36.47% | +21.84% |
Dividends
PWP vs. PIPR - Dividend Comparison
PWP's dividend yield for the trailing twelve months is around 1.74%, less than PIPR's 2.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
PIPR Piper Sandler Companies | 2.47% | 1.68% | 1.17% | 2.09% | 5.30% | 3.81% | 1.98% | 1.88% | 4.74% | 1.45% |
PWP Perella Weinberg Partners | 1.74% | 1.62% | 1.17% | 2.29% | 2.86% | 1.09% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
PWP vs. PIPR - Financials Comparison
This section allows you to compare key financial metrics between Perella Weinberg Partners and Piper Sandler Companies. 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
PWP vs. PIPR - Profitability Comparison
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 - 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 - 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 - 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 - 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%.
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%.
Frequently Asked Questions
PWP and PIPR have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PWP has higher volatility (13.43%) compared to PIPR (7.33%). In terms of maximum drawdown, PWP dropped -60.44% vs PIPR's -76.97%.
PIPR currently has the higher Sharpe Ratio (0.74 vs -0.29), 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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