XPMIX vs. PBR
XPMIX (StepStone Private Markets Fund Class I) is Multistrategy fund actively managed by StepStone, while PBR (Petróleo Brasileiro S.A. - Petrobras) is a stock. Over the past 5 years, XPMIX returned 12.85%/yr vs 32.51%/yr for PBR. At a 0.08 correlation, their price movements are largely independent.
Performance
XPMIX vs. PBR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XPMIX achieves a 5.73% return, which is significantly lower than PBR's 48.15% return.
XPMIX
- 1D
- 0.25%
- 1M
- 0.95%
- 6M
- 4.55%
- YTD
- 5.73%
- 1Y
- 10.06%
- 3Y*
- 11.73%
- 5Y*
- 12.85%
- 10Y*
- —
PBR
- 1D
- 1.70%
- 1M
- -4.36%
- 6M
- 47.77%
- YTD
- 48.15%
- 1Y
- 41.98%
- 3Y*
- 17.64%
- 5Y*
- 32.51%
- 10Y*
- 19.45%
XPMIX vs. PBR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XPMIX StepStone Private Markets Fund Class I | 5.73% | 11.78% | 12.97% | 12.21% | 8.77% | 30.00% | 24.92% |
PBR Petróleo Brasileiro S.A. - Petrobras | 48.15% | -1.01% | -8.38% | 71.48% | 47.76% | 20.44% | 57.72% |
Correlation
The correlation between XPMIX and PBR is -0.05, 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 | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2020 | 0.08 |
The correlation between XPMIX and PBR shifts across timeframes, from -0.05 (1 year) to 0.14 (3 years), reflecting how their relationship changes across market environments.
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
XPMIX vs. PBR — Risk / Return Rank
XPMIX
PBR
XPMIX vs. PBR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for StepStone Private Markets Fund Class I (XPMIX) and Petróleo Brasileiro S.A. - Petrobras (PBR). 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.
| XPMIX | PBR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.09 | ||
| Sortino ratioReturn per unit of downside risk | +2.06 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.25 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 3.94 | 1.57 | +2.37 |
| Martin ratioReturn relative to average drawdown | 15.16 | 4.36 | +10.80 |
Loading charts...
Drawdowns
XPMIX vs. PBR - Drawdown Comparison
The maximum XPMIX drawdown since its inception was -3.71%, smaller than the maximum PBR drawdown of -95.62%. Use the drawdown chart below to compare losses from any high point for XPMIX and PBR.
Loading charts...
Drawdown Indicators
| XPMIX | PBR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.71% | -95.62% | +91.91% |
Max Drawdown (1Y)Largest decline over 1 year | -2.59% | -26.86% | +24.27% |
Max Drawdown (3Y)Largest decline over 3 years | -3.13% | -28.24% | +25.11% |
Max Drawdown (5Y)Largest decline over 5 years | -3.13% | -39.62% | +36.49% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.13% | — |
Current DrawdownCurrent decline from peak | -0.12% | -27.82% | +27.70% |
Average DrawdownAverage peak-to-trough decline | -0.44% | -52.64% | +52.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 9.66% | -8.99% |
Volatility
XPMIX vs. PBR - Volatility Comparison
The current volatility for StepStone Private Markets Fund Class I (XPMIX) is 1.15%, while Petróleo Brasileiro S.A. - Petrobras (PBR) has a volatility of 9.40%. This indicates that XPMIX experiences smaller price fluctuations and is considered to be less risky than PBR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XPMIX | PBR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 9.40% | -8.25% |
Volatility (6M)Calculated over the trailing 6-month period | 3.44% | 25.58% | -22.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.22% | 31.60% | -27.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.91% | 37.80% | -31.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.90% | 46.56% | -36.66% |
Dividends
XPMIX vs. PBR - Dividend Comparison
XPMIX's dividend yield for the trailing twelve months is around 0.78%, less than PBR's 4.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
PBR Petróleo Brasileiro S.A. - Petrobras | 4.08% | 7.10% | 14.73% | 10.91% | 55.64% | 18.95% | 0.84% | 1.59% | 1.03% |
XPMIX StepStone Private Markets Fund Class I | 0.78% | 0.85% | 1.31% | 0.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XPMIX and PBR have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PBR has higher volatility (9.40%) compared to XPMIX (1.15%). In terms of maximum drawdown, XPMIX dropped -3.71% vs PBR's -95.62%.
XPMIX currently has the higher Sharpe Ratio (2.42 vs 1.33), 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 XPMIX and PBR
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