VNOM vs. PAM
VNOM (Viper Energy Partners LP) and PAM (Pampa Energía S.A.) are both stocks. VNOM operates in Oil & Gas Midstream (Energy), while PAM operates in Utilities - Regulated Electric (Utilities). Over the past 10 years, VNOM returned 15.67%/yr vs 13.08%/yr for PAM. At a 0.21 correlation, their price movements are largely independent.
Performance
VNOM vs. PAM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VNOM achieves a 17.90% return, which is significantly higher than PAM's -0.03% return. Over the past 10 years, VNOM has outperformed PAM with an annualized return of 15.67%, while PAM has yielded a comparatively lower 13.08% annualized return.
VNOM
- 1D
- 1.56%
- 1M
- -9.39%
- YTD
- 17.90%
- 6M
- 12.90%
- 1Y
- 10.29%
- 3Y*
- 28.28%
- 5Y*
- 26.04%
- 10Y*
- 15.67%
PAM
- 1D
- 0.17%
- 1M
- 11.49%
- YTD
- -0.03%
- 6M
- 0.08%
- 1Y
- 18.80%
- 3Y*
- 31.91%
- 5Y*
- 39.46%
- 10Y*
- 13.08%
VNOM vs. PAM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VNOM Viper Energy Partners LP | 17.90% | -16.58% | 65.52% | 4.83% | 61.69% | 94.24% | -50.69% | 0.66% | 19.60% | 55.99% |
PAM Pampa Energía S.A. | -0.03% | 0.65% | 77.58% | 55.04% | 51.30% | 53.19% | -16.13% | -48.35% | -52.72% | 93.28% |
Correlation
The correlation between VNOM and PAM is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2014 | 0.21 |
Fundamentals
VNOM:
$8.05B
PAM:
$4.81B
VNOM:
-$0.29
PAM:
$8.05
VNOM:
4.34
PAM:
2.23
VNOM:
1.57
PAM:
1.27
VNOM:
$1.60B
PAM:
$2.16B
VNOM:
$740.00M
PAM:
$682.00M
VNOM:
$1.04B
PAM:
$1.22B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VNOM vs. PAM — Risk / Return Rank
VNOM
PAM
VNOM vs. PAM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Viper Energy Partners LP (VNOM) 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.
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.
| VNOM | PAM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.11 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.95 | 0.50 | +0.45 |
| Martin ratioReturn relative to average drawdown | 1.64 | 1.23 | +0.41 |
Loading charts...
Drawdowns
VNOM vs. PAM - Drawdown Comparison
The maximum VNOM drawdown since its inception was -86.96%, roughly equal to the maximum PAM drawdown of -87.41%. Use the drawdown chart below to compare losses from any high point for VNOM and PAM.
Loading charts...
Drawdown Indicators
| VNOM | PAM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.96% | -87.41% | +0.45% |
Max Drawdown (1Y)Largest decline over 1 year | -14.09% | -31.59% | +17.50% |
Max Drawdown (3Y)Largest decline over 3 years | -34.46% | -40.40% | +5.94% |
Max Drawdown (5Y)Largest decline over 5 years | -34.46% | -40.40% | +5.94% |
Max Drawdown (10Y)Largest decline over 10 years | -86.96% | -87.41% | +0.45% |
Current DrawdownCurrent decline from peak | -14.66% | -6.75% | -7.91% |
Average DrawdownAverage peak-to-trough decline | -31.64% | -42.47% | +10.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.18% | 12.89% | -4.71% |
Volatility
VNOM vs. PAM - Volatility Comparison
The current volatility for Viper Energy Partners LP (VNOM) is 7.16%, while Pampa Energía S.A. (PAM) has a volatility of 10.62%. This indicates that VNOM experiences smaller price fluctuations and is considered to be less risky than PAM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VNOM | PAM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.16% | 10.62% | -3.46% |
Volatility (6M)Calculated over the trailing 6-month period | 19.95% | 24.49% | -4.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.28% | 51.19% | -21.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.89% | 46.29% | -10.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.21% | 51.94% | -6.73% |
Dividends
VNOM vs. PAM - Dividend Comparison
VNOM's dividend yield for the trailing twelve months is around 5.21%, while PAM has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PAM Pampa Energía S.A. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VNOM Viper Energy Partners LP | 5.21% | 6.03% | 4.89% | 5.58% | 7.68% | 5.16% | 5.85% | 7.38% | 8.14% | 5.27% | 4.83% | 6.16% |
Financials
VNOM vs. PAM - Financials Comparison
This section allows you to compare key financial metrics between Viper Energy Partners LP 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
VNOM vs. PAM - Profitability Comparison
VNOM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Viper Energy Partners LP reported a gross profit of 255.00M and revenue of 496.00M. Therefore, the gross margin over that period was 51.4%.
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%.
VNOM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Viper Energy Partners LP reported an operating income of 238.00M and revenue of 496.00M, resulting in an operating margin of 48.0%.
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%.
VNOM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Viper Energy Partners LP reported a net income of 97.00M and revenue of 496.00M, resulting in a net margin of 19.6%.
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
VNOM and PAM have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PAM has higher volatility (10.62%) compared to VNOM (7.16%). In terms of maximum drawdown, VNOM dropped -86.96% vs PAM's -87.41%.
VNOM currently has the higher Sharpe Ratio (0.46 vs 0.31), 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.
Find the right allocation for VNOM and PAM
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer