QS vs. PAA
QS (QuantumScape Corporation) and PAA (Plains All American Pipeline, L.P.) are both stocks. QS operates in Auto Parts (Consumer Cyclical), while PAA operates in Oil & Gas Midstream (Energy). Over the past 5 years, QS returned -23.97%/yr vs 22.23%/yr for PAA. At a 0.19 correlation, their price movements are largely independent.
Performance
QS vs. PAA - Performance Comparison
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Returns By Period
In the year-to-date period, QS achieves a -31.96% return, which is significantly lower than PAA's 30.01% return.
QS
- 1D
- -1.94%
- 1M
- -18.13%
- YTD
- -31.96%
- 6M
- -39.92%
- 1Y
- 57.91%
- 3Y*
- -1.86%
- 5Y*
- -23.97%
- 10Y*
- —
PAA
- 1D
- -0.18%
- 1M
- 2.51%
- YTD
- 30.01%
- 6M
- 31.47%
- 1Y
- 36.35%
- 3Y*
- 28.99%
- 5Y*
- 22.23%
- 10Y*
- 5.97%
QS vs. PAA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
QS QuantumScape Corporation | -31.96% | 100.77% | -25.32% | 22.57% | -74.45% | -73.72% | 757.36% |
PAA Plains All American Pipeline, L.P. | 30.01% | 14.30% | 21.38% | 39.18% | 35.79% | 22.24% | 9.16% |
Correlation
The correlation between QS and PAA is -0.05, 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 | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Aug 17, 2020 | 0.19 |
The correlation between QS and PAA shifts across timeframes, from -0.05 (1 year) to 0.20 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
QS:
$4.33B
PAA:
$15.84B
QS:
-$0.72
PAA:
$2.19
QS:
3.90
PAA:
1.24
QS:
$0.00
PAA:
$45.25B
QS:
-$49.03M
PAA:
$1.55B
QS:
-$378.92M
PAA:
$2.54B
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Return for Risk
QS vs. PAA — Risk / Return Rank
QS
PAA
QS vs. PAA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for QuantumScape Corporation (QS) and Plains All American Pipeline, L.P. (PAA). 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.
| QS | PAA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.41 | ||
| Sortino ratioReturn per unit of downside risk | -1.10 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.33 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.86 | 2.51 | -1.65 |
| Martin ratioReturn relative to average drawdown | 1.33 | 7.17 | -5.84 |
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Drawdowns
QS vs. PAA - Drawdown Comparison
The maximum QS drawdown since its inception was -97.36%, which is greater than PAA's maximum drawdown of -91.99%. Use the drawdown chart below to compare losses from any high point for QS and PAA.
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Drawdown Indicators
| QS | PAA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.36% | -91.99% | -5.37% |
Max Drawdown (1Y)Largest decline over 1 year | -67.68% | -14.53% | -53.15% |
Max Drawdown (3Y)Largest decline over 3 years | -73.93% | -22.26% | -51.67% |
Max Drawdown (5Y)Largest decline over 5 years | -91.45% | -26.11% | -65.34% |
Max Drawdown (10Y)Largest decline over 10 years | — | -87.92% | — |
Current DrawdownCurrent decline from peak | -94.62% | -10.03% | -84.59% |
Average DrawdownAverage peak-to-trough decline | -85.52% | -25.75% | -59.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 43.64% | 5.08% | +38.56% |
Volatility
QS vs. PAA - Volatility Comparison
QuantumScape Corporation (QS) has a higher volatility of 25.60% compared to Plains All American Pipeline, L.P. (PAA) at 7.32%. This indicates that QS's price experiences larger fluctuations and is considered to be riskier than PAA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QS | PAA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.60% | 7.32% | +18.28% |
Volatility (6M)Calculated over the trailing 6-month period | 48.92% | 14.09% | +34.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 103.22% | 18.47% | +84.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 85.76% | 26.81% | +58.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 105.87% | 41.82% | +64.05% |
Dividends
QS vs. PAA - Dividend Comparison
QS has not paid dividends to shareholders, while PAA's dividend yield for the trailing twelve months is around 7.11%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PAA Plains All American Pipeline, L.P. | 7.11% | 8.46% | 7.44% | 7.06% | 7.08% | 7.71% | 10.92% | 7.50% | 5.99% | 9.45% | 8.21% | 11.93% |
QS QuantumScape Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
QS vs. PAA - Financials Comparison
This section allows you to compare key financial metrics between QuantumScape Corporation and Plains All American Pipeline, L.P.. 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
Frequently Asked Questions
QS and PAA have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QS has higher volatility (25.60%) compared to PAA (7.32%). In terms of maximum drawdown, QS dropped -97.36% vs PAA's -91.99%.
PAA currently has the higher Sharpe Ratio (1.98 vs 0.56), 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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