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WES vs. PAA
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

Correlation

The correlation between WES and PAA is 0.41, 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.


-0.50.00.51.0
Correlation: 0.4

Performance

WES vs. PAA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Western Midstream Partners, LP (WES) and Plains All American Pipeline, L.P. (PAA). The values are adjusted to include any dividend payments, if applicable.

0.00%50.00%100.00%150.00%200.00%NovemberDecember2025FebruaryMarchApril
205.56%
-2.39%
WES
PAA

Key characteristics

Sharpe Ratio

WES:

0.72

PAA:

0.33

Sortino Ratio

WES:

1.10

PAA:

0.61

Omega Ratio

WES:

1.14

PAA:

1.08

Calmar Ratio

WES:

1.17

PAA:

0.21

Martin Ratio

WES:

3.24

PAA:

1.37

Ulcer Index

WES:

6.00%

PAA:

6.50%

Daily Std Dev

WES:

27.24%

PAA:

27.26%

Max Drawdown

WES:

-93.66%

PAA:

-91.99%

Current Drawdown

WES:

-7.52%

PAA:

-32.44%

Fundamentals

Market Cap

WES:

$14.94B

PAA:

$12.87B

EPS

WES:

$4.02

PAA:

$0.73

PE Ratio

WES:

9.66

PAA:

25.04

PEG Ratio

WES:

5.48

PAA:

2.27

PS Ratio

WES:

4.14

PAA:

0.26

PB Ratio

WES:

4.62

PAA:

1.31

Total Revenue (TTM)

WES:

$2.72B

PAA:

$38.13B

Gross Profit (TTM)

WES:

$1.78B

PAA:

$13.13B

EBITDA (TTM)

WES:

$1.72B

PAA:

$1.29B

Returns By Period

In the year-to-date period, WES achieves a 3.21% return, which is significantly lower than PAA's 9.00% return. Over the past 10 years, WES has outperformed PAA with an annualized return of 2.32%, while PAA has yielded a comparatively lower -2.32% annualized return.


WES

YTD

3.21%

1M

-5.43%

6M

5.66%

1Y

18.56%

5Y*

52.62%

10Y*

2.32%

PAA

YTD

9.00%

1M

-9.01%

6M

12.09%

1Y

9.97%

5Y*

28.17%

10Y*

-2.32%

*Annualized

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Risk-Adjusted Performance

WES vs. PAA — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WES
The Risk-Adjusted Performance Rank of WES is 7676
Overall Rank
The Sharpe Ratio Rank of WES is 7878
Sharpe Ratio Rank
The Sortino Ratio Rank of WES is 6969
Sortino Ratio Rank
The Omega Ratio Rank of WES is 6767
Omega Ratio Rank
The Calmar Ratio Rank of WES is 8787
Calmar Ratio Rank
The Martin Ratio Rank of WES is 8181
Martin Ratio Rank

PAA
The Risk-Adjusted Performance Rank of PAA is 6161
Overall Rank
The Sharpe Ratio Rank of PAA is 6565
Sharpe Ratio Rank
The Sortino Ratio Rank of PAA is 5656
Sortino Ratio Rank
The Omega Ratio Rank of PAA is 5555
Omega Ratio Rank
The Calmar Ratio Rank of PAA is 6262
Calmar Ratio Rank
The Martin Ratio Rank of PAA is 6969
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The chart of Sharpe ratio for WES, currently valued at 0.72, compared to the broader market-2.00-1.000.001.002.003.00
WES: 0.72
PAA: 0.33
The chart of Sortino ratio for WES, currently valued at 1.10, compared to the broader market-6.00-4.00-2.000.002.004.00
WES: 1.10
PAA: 0.61
The chart of Omega ratio for WES, currently valued at 1.14, compared to the broader market0.501.001.502.00
WES: 1.14
PAA: 1.08
The chart of Calmar ratio for WES, currently valued at 1.17, compared to the broader market0.001.002.003.004.005.00
WES: 1.17
PAA: 0.21
The chart of Martin ratio for WES, currently valued at 3.24, compared to the broader market-5.000.005.0010.0015.0020.00
WES: 3.24
PAA: 1.37

The current WES Sharpe Ratio is 0.72, which is higher than the PAA Sharpe Ratio of 0.33. The chart below compares the historical Sharpe Ratios of WES and PAA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.502.002.503.00NovemberDecember2025FebruaryMarchApril
0.72
0.33
WES
PAA

Dividends

WES vs. PAA - Dividend Comparison

WES's dividend yield for the trailing twelve months is around 9.02%, more than PAA's 7.29% yield.


TTM20242023202220212020201920182017201620152014
WES
Western Midstream Partners, LP
9.02%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.
7.29%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.


-40.00%-30.00%-20.00%-10.00%0.00%NovemberDecember2025FebruaryMarchApril
-7.52%
-32.44%
WES
PAA

Volatility

WES vs. PAA - Volatility Comparison

The current volatility for Western Midstream Partners, LP (WES) is 14.03%, while Plains All American Pipeline, L.P. (PAA) has a volatility of 16.45%. This indicates that WES experiences smaller price fluctuations and is considered to be less risky than PAA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


4.00%6.00%8.00%10.00%12.00%14.00%16.00%NovemberDecember2025FebruaryMarchApril
14.03%
16.45%
WES
PAA

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.


Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities


Values in USD except per share items