XP vs. ARLP

Last updated Apr 1, 2026

Compare and contrast key facts about XP Inc. (XP) and Alliance Resource Partners, L.P. (ARLP).

Performance

XP vs. ARLP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in XP Inc. (XP) and Alliance Resource Partners, L.P. (ARLP). The values are adjusted to include any dividend payments, if applicable.

XP vs. ARLP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
XP XP Inc.	16.31%	39.53%	-52.23%	79.63%	-46.62%	-27.55%	2.99%	11.78%
ARLP Alliance Resource Partners, L.P.	22.01%	-2.45%	39.91%	18.83%	73.34%	195.75%	-56.80%	8.31%

Fundamentals

Market Cap XP : $9.90B ARLP : $3.55B
EPS XP : $9.75 ARLP : $2.42
PE Ratio XP : 1.95 ARLP : 11.41
PEG Ratio XP : 0.17 ARLP : 0.26
PS Ratio XP : 0.56 ARLP : 1.62
PB Ratio XP : 0.42 ARLP : 1.93
Total Revenue (TTM) XP : $18.03B ARLP : $2.19B
Gross Profit (TTM) XP : $7.23B ARLP : $468.42M
EBITDA (TTM) XP : $6.33B ARLP : $675.19M

Returns By Period

In the year-to-date period, XP achieves a 16.31% return, which is significantly lower than ARLP's 22.01% return.

XP

• 1D: 7.39%
• 1M: -11.57%
• YTD: 16.31%
• 6M: 2.35%
• 1Y: 39.87%
• 3Y*: 21.63%
• 5Y*: -11.65%
• 10Y*: —

ARLP

• 1D: -1.78%
• 1M: 4.38%
• YTD: 22.01%
• 6M: 14.85%
• 1Y: 11.83%
• 3Y*: 24.53%
• 5Y*: 50.53%
• 10Y*: 20.24%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

XP vs. ARLP — Risk / Return Rank

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

XP

XP Risk / Return Rank: 67
XP Sharpe Ratio Rank: 72
XP Sortino Ratio Rank: 67
XP Omega Ratio Rank: 65
XP Calmar Ratio Rank: 68
XP Martin Ratio Rank: 64

ARLP

ARLP Risk / Return Rank: 57
ARLP Sharpe Ratio Rank: 61
ARLP Sortino Ratio Rank: 53
ARLP Omega Ratio Rank: 52
ARLP Calmar Ratio Rank: 61
ARLP Martin Ratio Rank: 60

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XP vs. ARLP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for XP Inc. (XP) and Alliance Resource Partners, L.P. (ARLP). 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.

	XP	ARLP	Difference
Sharpe ratio Return per unit of total volatility	0.88	0.51	+0.37
Sortino ratio Return per unit of downside risk	1.42	0.87	+0.56
Omega ratio Gain probability vs. loss probability	1.18	1.11	+0.07
Calmar ratio Return relative to maximum drawdown	1.28	0.82	+0.47
Martin ratio Return relative to average drawdown	2.42	1.75	+0.67
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XP vs. ARLP - Sharpe Ratio Comparison

The current XP Sharpe Ratio is 0.88, which is higher than the ARLP Sharpe Ratio of 0.51. The chart below compares the historical Sharpe Ratios of XP and ARLP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	XP	ARLP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.88	0.51	+0.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.24	1.47	-1.70
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.40	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.13	0.38	-0.51

Correlation

The correlation between XP and ARLP is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

XP vs. ARLP - Dividend Comparison

XP's dividend yield for the trailing twelve months is around 0.95%, less than ARLP's 9.04% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
XP XP Inc.	0.95%	1.10%	5.49%	5.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ARLP Alliance Resource Partners, L.P.	9.04%	11.19%	10.65%	13.22%	7.38%	3.16%	8.93%	19.82%	11.94%	9.54%	8.85%	19.74%

Drawdowns

XP vs. ARLP - Drawdown Comparison

The maximum XP drawdown since its inception was -79.19%, smaller than the maximum ARLP drawdown of -90.52%. Use the drawdown chart below to compare losses from any high point for XP and ARLP.

Drawdown Indicators

	XP	ARLP	Difference
Max Drawdown Largest peak-to-trough decline	-79.19%	-90.52%	+11.33%
Max Drawdown (1Y) Largest decline over 1 year	-23.33%	-17.63%	-5.70%
Max Drawdown (5Y) Largest decline over 5 years	-79.19%	-29.13%	-50.06%
Max Drawdown (10Y) Largest decline over 10 years	—	-85.26%	—
Current Drawdown Current decline from peak	-58.25%	-4.62%	-53.63%
Average Drawdown Average peak-to-trough decline	-46.62%	-24.43%	-22.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.40%	8.25%	+4.15%

Volatility

XP vs. ARLP - Volatility Comparison

XP Inc. (XP) has a higher volatility of 21.75% compared to Alliance Resource Partners, L.P. (ARLP) at 7.15%. This indicates that XP's price experiences larger fluctuations and is considered to be riskier than ARLP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XP	ARLP	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.75%	7.15%	+14.60%
Volatility (6M) Calculated over the trailing 6-month period	35.95%	16.05%	+19.90%
Volatility (1Y) Calculated over the trailing 1-year period	46.19%	23.61%	+22.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.66%	34.67%	+14.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	57.68%	50.47%	+7.21%

Financials

XP vs. ARLP - Profitability Comparison

The chart below illustrates the profitability comparison between XP Inc. and Alliance Resource Partners, L.P. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

XP - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, XP Inc. reported a gross profit of 3.41B and revenue of 4.81B. Therefore, the gross margin over that period was 71.0%.

ARLP - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Alliance Resource Partners, L.P. reported a gross profit of 118.13M and revenue of 535.51M. Therefore, the gross margin over that period was 22.1%.

XP - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, XP Inc. reported an operating income of 2.96B and revenue of 4.81B, resulting in an operating margin of 61.6%.

ARLP - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Alliance Resource Partners, L.P. reported an operating income of 97.34M and revenue of 535.51M, resulting in an operating margin of 18.2%.

XP - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, XP Inc. reported a net income of 1.30B and revenue of 4.81B, resulting in a net margin of 27.0%.

ARLP - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Alliance Resource Partners, L.P. reported a net income of 82.67M and revenue of 535.51M, resulting in a net margin of 15.4%.