AZO vs. AAP
AZO (AutoZone, Inc.) and AAP (Advance Auto Parts, Inc.) are both stocks. Both operate in the Specialty Retail industry within the Consumer Cyclical sector. Over the past 10 years, AZO returned 15.16%/yr vs -8.07%/yr for AAP. A 0.55 correlation means they provide meaningful diversification when combined.
Performance
AZO vs. AAP - Performance Comparison
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Returns By Period
In the year-to-date period, AZO achieves a -9.79% return, which is significantly lower than AAP's 49.38% return. Over the past 10 years, AZO has outperformed AAP with an annualized return of 15.16%, while AAP has yielded a comparatively lower -8.07% annualized return.
AZO
- 1D
- -2.18%
- 1M
- -9.09%
- YTD
- -9.79%
- 6M
- -9.83%
- 1Y
- -15.12%
- 3Y*
- 7.05%
- 5Y*
- 17.16%
- 10Y*
- 15.16%
AAP
- 1D
- -3.76%
- 1M
- 14.82%
- YTD
- 49.38%
- 6M
- 37.19%
- 1Y
- 22.84%
- 3Y*
- -3.79%
- 5Y*
- -19.52%
- 10Y*
- -8.07%
AZO vs. AAP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AZO AutoZone, Inc. | -9.79% | 5.92% | 23.84% | 4.84% | 17.64% | 76.84% | -0.49% | 42.10% | 17.85% | -9.93% |
AAP Advance Auto Parts, Inc. | 49.38% | -15.01% | -21.10% | -57.62% | -36.50% | 54.68% | -0.90% | 1.87% | 58.22% | -40.93% |
Correlation
The correlation between AZO and AAP is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Nov 29, 2001 | 0.55 |
The correlation between AZO and AAP shifts across timeframes, from 0.41 (3 years) to 0.56 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
AZO:
$145.27
AAP:
$1.96
AZO:
21.06
AAP:
29.59
AZO:
2.61
AAP:
0.44
AZO:
$19.99B
AAP:
$6.02B
AZO:
$10.34B
AAP:
$2.62B
AZO:
$4.26B
AAP:
$592.00M
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Return for Risk
AZO vs. AAP — Risk / Return Rank
AZO
AAP
AZO vs. AAP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AutoZone, Inc. (AZO) and Advance Auto Parts, Inc. (AAP). 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.
| AZO | AAP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -1.60 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.12 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | 0.55 | -1.02 |
| Martin ratioReturn relative to average drawdown | -0.96 | 1.15 | -2.11 |
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Drawdowns
AZO vs. AAP - Drawdown Comparison
The maximum AZO drawdown since its inception was -46.32%, smaller than the maximum AAP drawdown of -86.41%. Use the drawdown chart below to compare losses from any high point for AZO and AAP.
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Drawdown Indicators
| AZO | AAP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.32% | -86.41% | +40.09% |
Max Drawdown (1Y)Largest decline over 1 year | -32.59% | -41.44% | +8.85% |
Max Drawdown (3Y)Largest decline over 3 years | -32.59% | -64.25% | +31.66% |
Max Drawdown (5Y)Largest decline over 5 years | -32.59% | -86.41% | +53.82% |
Max Drawdown (10Y)Largest decline over 10 years | -42.14% | -86.41% | +44.27% |
Current DrawdownCurrent decline from peak | -29.74% | -73.24% | +43.50% |
Average DrawdownAverage peak-to-trough decline | -10.89% | -23.82% | +12.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.81% | 19.90% | -4.09% |
Volatility
AZO vs. AAP - Volatility Comparison
The current volatility for AutoZone, Inc. (AZO) is 11.60%, while Advance Auto Parts, Inc. (AAP) has a volatility of 17.99%. This indicates that AZO experiences smaller price fluctuations and is considered to be less risky than AAP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AZO | AAP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.60% | 17.99% | -6.39% |
Volatility (6M)Calculated over the trailing 6-month period | 21.77% | 37.00% | -15.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.28% | 53.50% | -26.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.48% | 53.05% | -28.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.49% | 45.10% | -18.61% |
Dividends
AZO vs. AAP - Dividend Comparison
AZO has not paid dividends to shareholders, while AAP's dividend yield for the trailing twelve months is around 1.72%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAP Advance Auto Parts, Inc. | 1.72% | 2.54% | 2.11% | 3.28% | 4.08% | 1.35% | 0.63% | 0.15% | 0.15% | 0.24% | 0.14% | 0.16% |
AZO AutoZone, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
AZO vs. AAP - Financials Comparison
This section allows you to compare key financial metrics between AutoZone, Inc. and Advance Auto Parts, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
AZO and AAP have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AAP has higher volatility (17.99%) compared to AZO (11.60%). In terms of maximum drawdown, AZO dropped -46.32% vs AAP's -86.41%.
AAP currently has the higher Sharpe Ratio (0.43 vs -0.56), 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.
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