SIRI vs. PAA
SIRI (Sirius XM Holdings Inc.) and PAA (Plains All American Pipeline, L.P.) are both stocks. SIRI operates in Broadcasting (Communication Services), while PAA operates in Oil & Gas Midstream (Energy). Over the past 10 years, SIRI returned -1.34%/yr vs 5.94%/yr for PAA. At a 0.17 correlation, their price movements are largely independent.
Performance
SIRI vs. PAA - Performance Comparison
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Returns By Period
In the year-to-date period, SIRI achieves a 40.39% return, which is significantly higher than PAA's 32.09% return. Over the past 10 years, SIRI has underperformed PAA with an annualized return of -1.34%, while PAA has yielded a comparatively higher 5.94% annualized return.
SIRI
- 1D
- 1.59%
- 1M
- 2.27%
- YTD
- 40.39%
- 6M
- 29.18%
- 1Y
- 30.91%
- 3Y*
- -6.89%
- 5Y*
- -13.63%
- 10Y*
- -1.34%
PAA
- 1D
- 0.88%
- 1M
- 4.97%
- YTD
- 32.09%
- 6M
- 35.41%
- 1Y
- 42.03%
- 3Y*
- 29.12%
- 5Y*
- 22.64%
- 10Y*
- 5.94%
SIRI vs. PAA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SIRI Sirius XM Holdings Inc. | 40.39% | -7.97% | -56.93% | -4.27% | -3.21% | 0.74% | -10.11% | 26.24% | 7.28% | 21.42% |
PAA Plains All American Pipeline, L.P. | 32.09% | 14.30% | 21.38% | 39.18% | 35.79% | 22.24% | -50.79% | -2.28% | 2.31% | -31.34% |
Correlation
The correlation between SIRI and PAA is 0.10, 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 | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 1998 | 0.17 |
The correlation between SIRI and PAA shifts across timeframes, from 0.10 (1 year) to 0.25 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
SIRI:
$9.27B
PAA:
$16.10B
SIRI:
$2.41
PAA:
$2.19
SIRI:
11.41
PAA:
10.41
SIRI:
0.05
PAA:
0.19
SIRI:
1.12
PAA:
0.36
SIRI:
0.79
PAA:
1.26
SIRI:
$8.58B
PAA:
$45.25B
SIRI:
$4.10B
PAA:
$1.55B
SIRI:
$1.77B
PAA:
$2.54B
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Return for Risk
SIRI vs. PAA — Risk / Return Rank
SIRI
PAA
SIRI vs. PAA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sirius XM Holdings Inc. (SIRI) 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.
| SIRI | PAA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.42 | ||
| Sortino ratioReturn per unit of downside risk | -1.62 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.38 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 2.91 | -1.13 |
| Martin ratioReturn relative to average drawdown | 3.51 | 8.41 | -4.90 |
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
| SIRI | PAA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | 2.29 | -1.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.30 | 0.85 | -1.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.04 | 0.14 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.01 | 0.31 | -0.32 |
Drawdowns
SIRI vs. PAA - Drawdown Comparison
The maximum SIRI drawdown since its inception was -99.92%, which is greater than PAA's maximum drawdown of -91.99%. Use the drawdown chart below to compare losses from any high point for SIRI and PAA.
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Drawdown Indicators
| SIRI | PAA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.92% | -91.99% | -7.93% |
Max Drawdown (1Y)Largest decline over 1 year | -17.44% | -14.53% | -2.91% |
Max Drawdown (3Y)Largest decline over 3 years | -73.87% | -22.26% | -51.61% |
Max Drawdown (5Y)Largest decline over 5 years | -73.87% | -26.11% | -47.76% |
Max Drawdown (10Y)Largest decline over 10 years | -73.87% | -87.92% | +14.05% |
Current DrawdownCurrent decline from peak | -94.76% | -8.58% | -86.18% |
Average DrawdownAverage peak-to-trough decline | -80.54% | -25.77% | -54.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.83% | 5.01% | +3.82% |
Volatility
SIRI vs. PAA - Volatility Comparison
Sirius XM Holdings Inc. (SIRI) has a higher volatility of 10.37% compared to Plains All American Pipeline, L.P. (PAA) at 7.29%. This indicates that SIRI'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
| SIRI | PAA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.37% | 7.29% | +3.08% |
Volatility (6M)Calculated over the trailing 6-month period | 23.99% | 14.05% | +9.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.66% | 18.45% | +17.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.95% | 26.80% | +18.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.69% | 41.83% | -4.14% |
Dividends
SIRI vs. PAA - Dividend Comparison
SIRI's dividend yield for the trailing twelve months is around 3.94%, less than PAA's 7.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PAA Plains All American Pipeline, L.P. | 7.00% | 8.46% | 7.44% | 7.06% | 7.08% | 7.71% | 10.92% | 7.50% | 5.99% | 9.45% | 8.21% | 11.93% |
SIRI Sirius XM Holdings Inc. | 3.94% | 5.40% | 4.68% | 1.81% | 5.82% | 1.04% | 0.86% | 0.69% | 0.79% | 0.76% | 0.22% | 0.00% |
Financials
SIRI vs. PAA - Financials Comparison
This section allows you to compare key financial metrics between Sirius XM Holdings Inc. 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
SIRI vs. PAA - Profitability Comparison
SIRI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Sirius XM Holdings Inc. reported a gross profit of 1.04B and revenue of 2.09B. Therefore, the gross margin over that period was 49.6%.
PAA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Plains All American Pipeline, L.P. reported a gross profit of 0.00 and revenue of 12.47B. Therefore, the gross margin over that period was 0.0%.
SIRI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Sirius XM Holdings Inc. reported an operating income of 454.00M and revenue of 2.09B, resulting in an operating margin of 21.7%.
PAA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Plains All American Pipeline, L.P. reported an operating income of 405.00M and revenue of 12.47B, resulting in an operating margin of 3.3%.
SIRI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Sirius XM Holdings Inc. reported a net income of 245.00M and revenue of 2.09B, resulting in a net margin of 11.7%.
PAA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Plains All American Pipeline, L.P. reported a net income of 551.00M and revenue of 12.47B, resulting in a net margin of 4.4%.
Frequently Asked Questions
SIRI and PAA have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SIRI has higher volatility (10.37%) compared to PAA (7.29%). In terms of maximum drawdown, SIRI dropped -99.92% vs PAA's -91.99%.
PAA currently has the higher Sharpe Ratio (2.29 vs 0.87), 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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