QTWO vs. PAM
QTWO (Q2 Holdings, Inc.) and PAM (Pampa Energía S.A.) are both stocks. QTWO operates in Software - Application (Technology), while PAM operates in Utilities - Regulated Electric (Utilities). Over the past 10 years, QTWO returned 5.85%/yr vs 13.61%/yr for PAM. At a 0.18 correlation, their price movements are largely independent.
Performance
QTWO vs. PAM - Performance Comparison
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Returns By Period
In the year-to-date period, QTWO achieves a -32.26% return, which is significantly lower than PAM's -3.14% return. Over the past 10 years, QTWO has underperformed PAM with an annualized return of 5.85%, while PAM has yielded a comparatively higher 13.61% annualized return.
QTWO
- 1D
- -7.02%
- 1M
- -4.59%
- YTD
- -32.26%
- 6M
- -31.16%
- 1Y
- -44.23%
- 3Y*
- 19.90%
- 5Y*
- -12.46%
- 10Y*
- 5.85%
PAM
- 1D
- -2.16%
- 1M
- 8.18%
- YTD
- -3.14%
- 6M
- -4.06%
- 1Y
- 14.05%
- 3Y*
- 30.56%
- 5Y*
- 38.64%
- 10Y*
- 13.61%
QTWO vs. PAM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QTWO Q2 Holdings, Inc. | -32.26% | -28.31% | 131.86% | 61.56% | -66.18% | -37.22% | 56.06% | 63.63% | 34.46% | 27.73% |
PAM Pampa Energía S.A. | -3.14% | 0.65% | 77.58% | 55.04% | 51.30% | 53.19% | -16.13% | -48.35% | -52.72% | 93.28% |
Correlation
The correlation between QTWO and PAM is 0.06, 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 | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2014 | 0.18 |
The correlation between QTWO and PAM shifts across timeframes, from 0.06 (1 year) to 0.26 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
QTWO:
$3.31B
PAM:
$4.66B
QTWO:
$1.07
PAM:
$8.05
QTWO:
45.57
PAM:
10.65
QTWO:
4.10
PAM:
2.16
QTWO:
5.41
PAM:
1.23
QTWO:
$821.58M
PAM:
$2.16B
QTWO:
$456.61M
PAM:
$682.00M
QTWO:
$105.55M
PAM:
$1.22B
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Return for Risk
QTWO vs. PAM — Risk / Return Rank
QTWO
PAM
QTWO vs. PAM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Q2 Holdings, Inc. (QTWO) and Pampa Energía S.A. (PAM). 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.
| QTWO | PAM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -1.02 | 0.27 | -1.29 |
Sortino ratioReturn per unit of downside risk | -1.54 | 0.81 | -2.34 |
Omega ratioGain probability vs. loss probability | 0.82 | 1.10 | -0.28 |
Calmar ratioReturn relative to maximum drawdown | -0.83 | 0.37 | -1.21 |
Martin ratioReturn relative to average drawdown | -1.33 | 0.92 | -2.25 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QTWO | PAM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.02 | 0.27 | -1.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.25 | 0.84 | -1.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.13 | 0.26 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.25 | -0.03 |
Drawdowns
QTWO vs. PAM - Drawdown Comparison
The maximum QTWO drawdown since its inception was -85.77%, roughly equal to the maximum PAM drawdown of -87.41%. Use the drawdown chart below to compare losses from any high point for QTWO and PAM.
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Drawdown Indicators
| QTWO | PAM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.77% | -87.41% | +1.64% |
Max Drawdown (1Y)Largest decline over 1 year | -53.08% | -31.59% | -21.49% |
Max Drawdown (3Y)Largest decline over 3 years | -59.68% | -40.40% | -19.28% |
Max Drawdown (5Y)Largest decline over 5 years | -80.69% | -40.40% | -40.29% |
Max Drawdown (10Y)Largest decline over 10 years | -85.77% | -87.41% | +1.64% |
Current DrawdownCurrent decline from peak | -66.68% | -9.64% | -57.04% |
Average DrawdownAverage peak-to-trough decline | -30.14% | -42.46% | +12.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.18% | 12.82% | +20.36% |
Volatility
QTWO vs. PAM - Volatility Comparison
Q2 Holdings, Inc. (QTWO) has a higher volatility of 18.71% compared to Pampa Energía S.A. (PAM) at 12.58%. This indicates that QTWO's price experiences larger fluctuations and is considered to be riskier than PAM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QTWO | PAM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.71% | 12.58% | +6.13% |
Volatility (6M)Calculated over the trailing 6-month period | 32.30% | 23.90% | +8.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.59% | 51.52% | -7.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.00% | 46.26% | +3.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.23% | 51.95% | -7.72% |
Dividends
QTWO vs. PAM - Dividend Comparison
Neither QTWO nor PAM has paid dividends to shareholders.
Financials
QTWO vs. PAM - Financials Comparison
This section allows you to compare key financial metrics between Q2 Holdings, Inc. and Pampa Energía S.A.. 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
QTWO vs. PAM - Profitability Comparison
QTWO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Q2 Holdings, Inc. reported a gross profit of 127.91M and revenue of 216.51M. Therefore, the gross margin over that period was 59.1%.
PAM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Pampa Energía S.A. reported a gross profit of 193.00M and revenue of 573.00M. Therefore, the gross margin over that period was 33.7%.
QTWO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Q2 Holdings, Inc. reported an operating income of 27.69M and revenue of 216.51M, resulting in an operating margin of 12.8%.
PAM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Pampa Energía S.A. reported an operating income of 107.00M and revenue of 573.00M, resulting in an operating margin of 18.7%.
QTWO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Q2 Holdings, Inc. reported a net income of 26.64M and revenue of 216.51M, resulting in a net margin of 12.3%.
PAM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Pampa Energía S.A. reported a net income of 214.00M and revenue of 573.00M, resulting in a net margin of 37.4%.
Frequently Asked Questions
QTWO and PAM have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QTWO has higher volatility (18.71%) compared to PAM (12.58%). In terms of maximum drawdown, QTWO dropped -85.77% vs PAM's -87.41%.
PAM currently has the higher Sharpe Ratio (0.27 vs -1.02), 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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