FLG-P-U vs PAA

Comparison between Flagstar Financial Inc Bifurcated Option Note Unit SecuritiES (FLG-P-U, Company) and Plains All American Pipeline LP (PAA, Company).

FLG-P-U vs PAA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FLG-P-U(COMPANY)	PAA(COMPANY)
Market Cap	$17B	$17B
Max Drawdown	16.79%	94.59%
Sharpe Ratio	0.79	1.34
5Y Beta	0.23	0.53
Industry	N/A	Oil & Gas Midstream
P/E Ratio	-303.15	15.87
Forward P/E	N/A	11.92
Dividend Yield	N/A	7.31%
5Y Dividends CAGR	N/A	22.36%
5Y EPS CAGR	N/A	9.16%
Debt to Equity	137.76%	N/A
Free Cash Flow Yield	1.71%	12.57%

Market Cap

Winner

FLG-P-U

$17B

PAA

$17B

Max Drawdown

Winner

FLG-P-U

16.79%

PAA

94.59%

Sharpe Ratio

FLG-P-U

0.79

Winner

PAA

1.34

5Y Beta

Winner

FLG-P-U

0.23

PAA

0.53

Industry

FLG-P-U

N/A

PAA

Oil & Gas Midstream

P/E Ratio

Winner

FLG-P-U

-303.15

PAA

15.87

Forward P/E

FLG-P-U

N/A

PAA

11.92

Dividend Yield

FLG-P-U

N/A

PAA

7.31%

5Y Dividends CAGR

FLG-P-U

N/A

PAA

22.36%

5Y EPS CAGR

FLG-P-U

N/A

PAA

9.16%

Debt to Equity

FLG-P-U

137.76%

PAA

N/A

Free Cash Flow Yield

FLG-P-U

1.71%

Winner

PAA

12.57%

FLG-P-U vs PAA - Historical Returns

Returns include dividend reinvestment.

Period	FLG-P-U	PAA
1 month	+0.32%	-7.90%
3 months	+3.39%	+0.73%
6 months	+5.57%	+25.84%
1 year	+14.56%	+26.00%
5 years(CAGR)	N/A	+23.32%
10 years(CAGR)	N/A	+5.38%
Max(CAGR)	+10.65%	+10.68%

Winner

FLG-P-U

+0.32%

PAA

-7.90%

Winner

FLG-P-U

+3.39%

PAA

+0.73%

FLG-P-U

+5.57%

Winner

PAA

+25.84%

FLG-P-U

+14.56%

Winner

PAA

+26.00%

5Y(CAGR)

FLG-P-U

N/A

PAA

+23.32%

10Y(CAGR)

FLG-P-U

N/A

PAA

+5.38%

Max(CAGR)

FLG-P-U

+10.65%

Winner

PAA

+10.68%

FLG-P-U vs PAA - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	FLG-P-U	PAA
2026	+5.49%	+21.97%
2025	+13.49%	+12.89%
2024	-3.50%	+20.30%
2023	N/A	+41.76%
2022	N/A	+29.16%
2021	N/A	+22.77%
2020	N/A	-51.59%
2019	N/A	-4.79%
2018	N/A	-0.78%
2017	N/A	-32.18%
2016	N/A	+47.77%
2015	N/A	-52.83%
2014	N/A	+4.33%
2013	N/A	+15.07%
2012	N/A	+29.64%
2011	N/A	+23.81%
2010	N/A	+23.90%
2009	N/A	+54.76%
2008	N/A	-27.32%
2007	N/A	+8.11%
2006	N/A	+35.05%
2005	N/A	+13.80%
2004	N/A	+23.97%
2003	N/A	+42.14%
2002	N/A	+2.87%
2001	N/A	+44.42%
2000	N/A	+60.45%
1999	N/A	-32.26%

FLG-P-U vs PAA Drawdown Comparison

The maximum drawdown for FLG-P-U was -15.15%, occurring on Apr 8, 2025. Recovery took 165 trading sessions.

The maximum drawdown for PAA was -91.97%, occurring on Mar 18, 2020. This drawdown has not yet recovered.

The current FLG-P-U drawdown is -2.45%. The current PAA drawdown is -14.18%.

Rank	FLG-P-U	PAA
#1	-15.15% Nov 1, 2024 - Jul 3, 2025	-91.97% Sep 8, 2014 - Mar 18, 2020
#2	-8.39% Feb 23, 2026 - May 7, 2026	-55.58% Jul 12, 2007 - Jan 4, 2010
#3	-7.04% Aug 19, 2025 - Dec 10, 2025	-48.59% Nov 9, 1999 - Jul 21, 2000
#4	-3.75% Jul 8, 2025 - Jul 31, 2025	-23.25% Sep 4, 2001 - Apr 16, 2003
#5	-2.76% May 13, 2026 - May 18, 2026	-17.76% Sep 2, 2005 - Mar 24, 2006
#6	-2.12% Oct 28, 2024 - Oct 30, 2024	-16.96% May 13, 2013 - May 2, 2014
#7	-1.86% Dec 11, 2025 - Jan 2, 2026	-16.91% May 17, 2001 - Aug 17, 2001
#8	-1.41% Aug 13, 2025 - Aug 19, 2025	-14.69% Apr 2, 2004 - Sep 23, 2004
#9	-1.32% Feb 18, 2026 - Feb 23, 2026	-11.75% Jun 1, 2006 - Nov 8, 2006
#10	-1.10% Jan 29, 2026 - Feb 2, 2026	-11.01% Apr 23, 2010 - Jun 3, 2010
#11	-0.70% Aug 8, 2025 - Aug 12, 2025	-10.71% Jul 8, 2011 - Oct 21, 2011
#12	-0.66% Jan 22, 2026 - Jan 29, 2026	-9.05% Nov 22, 2000 - Jan 10, 2001
#13	-0.39% Jan 15, 2026 - Jan 21, 2026	-8.63% Mar 21, 2005 - Apr 21, 2005
#14	-0.32% Feb 11, 2026 - Feb 13, 2026	-8.35% Mar 4, 2011 - Jul 7, 2011
#15	-0.25% Jul 31, 2025 - Aug 6, 2025	-8.27% Aug 4, 2005 - Sep 2, 2005

Correlation

Correlation between FLG-P-U and PAA is 0.75 which considered as a strong positive correlation - the stocks tend to move together.

0.75

-101

Dividend Comparison (2000 - 2026)

FLG-P-U vs PAA dividend yield comparison.

Year	FLG-P-U	PAA
2026	3.64%	3.91%
2025	7.53%	8.46%
2024	2.00%	7.44%
2023	0.00%	7.06%
2022	0.00%	7.08%
2021	0.00%	7.71%
2020	0.00%	10.92%
2019	0.00%	7.50%
2018	0.00%	5.99%
2017	0.00%	9.45%
2016	0.00%	8.21%
2015	0.00%	11.93%
2014	0.00%	4.97%
2013	0.00%	4.49%
2012	0.00%	4.66%
2011	0.00%	5.32%
2010	0.00%	5.98%
2009	0.00%	6.85%
2008	0.00%	10.08%
2007	0.00%	6.31%
2006	0.00%	5.61%
2005	0.00%	6.51%
2004	0.00%	6.10%
2003	0.00%	6.74%
2002	0.00%	8.66%
2001	0.00%	7.50%
2000	0.00%	9.54%