WES vs. PAA
Compare and contrast key facts about Western Midstream Partners, LP (WES) and Plains All American Pipeline, L.P. (PAA).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WES or PAA.
Correlation
The correlation between WES and PAA is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
WES vs. PAA - Performance Comparison
Key characteristics
WES:
0.93
PAA:
0.69
WES:
1.38
PAA:
1.08
WES:
1.16
PAA:
1.13
WES:
1.78
PAA:
0.38
WES:
4.22
PAA:
2.76
WES:
5.33%
PAA:
5.84%
WES:
24.24%
PAA:
23.41%
WES:
-93.66%
PAA:
-91.99%
WES:
-4.24%
PAA:
-28.89%
Fundamentals
WES:
$15.33B
PAA:
$13.54B
WES:
$4.02
PAA:
$0.73
WES:
10.00
PAA:
26.36
WES:
5.48
PAA:
2.27
WES:
$2.72B
PAA:
$38.13B
WES:
$1.78B
PAA:
$13.13B
WES:
$1.72B
PAA:
$1.29B
Returns By Period
In the year-to-date period, WES achieves a 6.88% return, which is significantly lower than PAA's 14.73% return. Over the past 10 years, WES has outperformed PAA with an annualized return of 3.54%, while PAA has yielded a comparatively lower -1.63% annualized return.
WES
6.88%
3.85%
8.51%
22.22%
81.70%
3.54%
PAA
14.73%
-0.31%
13.36%
13.90%
41.42%
-1.63%
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Risk-Adjusted Performance
WES vs. PAA — Risk-Adjusted Performance Rank
WES
PAA
WES vs. PAA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Midstream Partners, LP (WES) 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.
Dividends
WES vs. PAA - Dividend Comparison
WES's dividend yield for the trailing twelve months is around 8.71%, more than PAA's 6.93% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WES Western Midstream Partners, LP | 8.71% | 8.33% | 8.52% | 6.80% | 5.69% | 11.25% | 12.45% | 8.28% | 5.44% | 4.04% | 3.86% | 1.73% |
PAA Plains All American Pipeline, L.P. | 6.93% | 7.44% | 7.06% | 7.08% | 7.71% | 13.11% | 7.50% | 5.99% | 9.45% | 8.21% | 11.93% | 4.97% |
Drawdowns
WES vs. PAA - Drawdown Comparison
The maximum WES drawdown since its inception was -93.66%, roughly equal to the maximum PAA drawdown of -91.99%. Use the drawdown chart below to compare losses from any high point for WES and PAA. For additional features, visit the drawdowns tool.
Volatility
WES vs. PAA - Volatility Comparison
Western Midstream Partners, LP (WES) has a higher volatility of 8.18% compared to Plains All American Pipeline, L.P. (PAA) at 7.40%. This indicates that WES'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.
Financials
WES vs. PAA - Financials Comparison
This section allows you to compare key financial metrics between Western Midstream Partners, LP 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