ARZGY vs. ALIZY

Last updated Jun 3, 2026

ARZGY (Assicurazioni Generali SpA ADR) and ALIZY (Allianz SE ADR) are both stocks. Both operate in the Insurance - Diversified industry within the Financial Services sector. Over the past 5 years, ARZGY returned 23.08%/yr vs 15.42%/yr for ALIZY. A 0.57 correlation means they provide meaningful diversification when combined.

Performance

ARZGY vs. ALIZY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Assicurazioni Generali SpA ADR (ARZGY) and Allianz SE ADR (ALIZY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ARZGY achieves a 13.34% return, which is significantly higher than ALIZY's -2.98% return.

ARZGY

• 1D: 1.70%
• 1M: 6.48%
• YTD: 13.34%
• 6M: 18.20%
• 1Y: 28.93%
• 3Y*: 39.01%
• 5Y*: 23.08%
• 10Y*: 18.43%

ALIZY

• 1D: -2.19%
• 1M: 1.55%
• YTD: -2.98%
• 6M: 4.62%
• 1Y: 11.83%
• 3Y*: 29.66%
• 5Y*: 15.42%
• 10Y*: —

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

ARZGY vs. ALIZY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ARZGY Assicurazioni Generali SpA ADR	13.34%	54.48%	40.64%	24.14%	-10.87%	28.86%	-13.29%
ALIZY Allianz SE ADR	-2.98%	56.96%	20.60%	31.20%	-4.34%	0.09%	5.98%

Correlation

The correlation between ARZGY and ALIZY is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.64
Correlation (All Time) Calculated using the full available price history since Jan 7, 2020	0.57

The correlation between ARZGY and ALIZY shifts across timeframes, from 0.57 (all time) to 0.70 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap ARZGY : $70.45B ALIZY : $163.19B
EPS ARZGY : $2.57 ALIZY : $3.16
PE Ratio ARZGY : 8.85 ALIZY : 13.53
PEG Ratio ARZGY : 0.20 ALIZY : 0.94
PS Ratio ARZGY : 0.59 ALIZY : 1.15
PB Ratio ARZGY : 2.20 ALIZY : 2.48
Total Revenue (TTM) ARZGY : $117.75B ALIZY : $141.95B
Gross Profit (TTM) ARZGY : $117.75B ALIZY : $116.91B
EBITDA (TTM) ARZGY : $14.58B ALIZY : $1.56B

Return for Risk

ARZGY vs. ALIZY — Risk / Return Rank

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

ARZGY

ARZGY Risk / Return Rank: 78
ARZGY Sharpe Ratio Rank: 80
ARZGY Sortino Ratio Rank: 74
ARZGY Omega Ratio Rank: 73
ARZGY Calmar Ratio Rank: 81
ARZGY Martin Ratio Rank: 81

ALIZY

ALIZY Risk / Return Rank: 56
ALIZY Sharpe Ratio Rank: 60
ALIZY Sortino Ratio Rank: 52
ALIZY Omega Ratio Rank: 50
ALIZY Calmar Ratio Rank: 59
ALIZY Martin Ratio Rank: 61

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.

ARZGY vs. ALIZY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Assicurazioni Generali SpA ADR (ARZGY) and Allianz SE ADR (ALIZY). 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.

	ARZGY	ALIZY	Difference
Sharpe ratio Return per unit of total volatility	1.46	0.59	+0.86
Sortino ratio Return per unit of downside risk	2.03	0.94	+1.09
Omega ratio Gain probability vs. loss probability	1.25	1.12	+0.14
Calmar ratio Return relative to maximum drawdown	2.84	0.88	+1.96
Martin ratio Return relative to average drawdown	7.09	2.27	+4.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ARZGY vs. ALIZY - Sharpe Ratio Comparison

The current ARZGY Sharpe Ratio is 1.46, which is higher than the ALIZY Sharpe Ratio of 0.59. The chart below compares the historical Sharpe Ratios of ARZGY and ALIZY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ARZGY	ALIZY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.46	0.59	+0.86
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.98	0.70	+0.28
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.63	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.54	-0.26

Drawdowns

ARZGY vs. ALIZY - Drawdown Comparison

The maximum ARZGY drawdown since its inception was -51.13%, roughly equal to the maximum ALIZY drawdown of -49.10%. Use the drawdown chart below to compare losses from any high point for ARZGY and ALIZY.

Drawdown Indicators

	ARZGY	ALIZY	Difference
Max Drawdown Largest peak-to-trough decline	-51.13%	-49.10%	-2.03%
Max Drawdown (1Y) Largest decline over 1 year	-10.72%	-13.55%	+2.83%
Max Drawdown (3Y) Largest decline over 3 years	-10.72%	-13.55%	+2.83%
Max Drawdown (5Y) Largest decline over 5 years	-39.90%	-38.35%	-1.55%
Max Drawdown (10Y) Largest decline over 10 years	-51.13%	—	—
Current Drawdown Current decline from peak	0.00%	-5.78%	+5.78%
Average Drawdown Average peak-to-trough decline	-13.96%	-8.68%	-5.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.29%	5.22%	-0.93%

Volatility

ARZGY vs. ALIZY - Volatility Comparison

Assicurazioni Generali SpA ADR (ARZGY) and Allianz SE ADR (ALIZY) have volatilities of 7.12% and 7.28%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARZGY	ALIZY	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.12%	7.28%	-0.16%
Volatility (6M) Calculated over the trailing 6-month period	14.95%	15.26%	-0.31%
Volatility (1Y) Calculated over the trailing 1-year period	19.97%	20.02%	-0.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.64%	22.18%	+1.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.45%	27.70%	+1.75%

Dividends

ARZGY vs. ALIZY - Dividend Comparison

ARZGY's dividend yield for the trailing twelve months is around 4.23%, less than ALIZY's 4.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
ALIZY Allianz SE ADR	4.58%	3.71%	4.91%	4.70%	5.43%	4.87%	2.95%	0.00%	0.00%	0.00%	0.00%
ARZGY Assicurazioni Generali SpA ADR	4.23%	3.75%	4.91%	4.00%	6.43%	6.29%	2.04%	3.15%	4.04%	7.97%	11.37%

Financials

ARZGY vs. ALIZY - Profitability Comparison

The chart below illustrates the profitability comparison between Assicurazioni Generali SpA ADR and Allianz SE ADR over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

ARZGY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Assicurazioni Generali SpA ADR reported a gross profit of 34.35B and revenue of 34.35B. Therefore, the gross margin over that period was 100.0%.

ALIZY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Allianz SE ADR reported a gross profit of 24.81B and revenue of 31.07B. Therefore, the gross margin over that period was 79.9%.

ARZGY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Assicurazioni Generali SpA ADR reported an operating income of 2.88B and revenue of 34.35B, resulting in an operating margin of 8.4%.

ALIZY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Allianz SE ADR reported an operating income of 5.12B and revenue of 31.07B, resulting in an operating margin of 16.5%.

ARZGY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Assicurazioni Generali SpA ADR reported a net income of 2.01B and revenue of 34.35B, resulting in a net margin of 5.8%.

ALIZY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Allianz SE ADR reported a net income of 3.69B and revenue of 31.07B, resulting in a net margin of 11.9%.

Frequently Asked Questions

Can I hold both ARZGY and ALIZY in my portfolio?

ARZGY and ALIZY have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ARZGY or ALIZY?

ALIZY has higher volatility (7.28%) compared to ARZGY (7.12%). In terms of maximum drawdown, ARZGY dropped -51.13% vs ALIZY's -49.10%.

Which has better risk-adjusted returns?

ARZGY currently has the higher Sharpe Ratio (1.46 vs 0.59), 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.