AZO vs. ORLY
AZO (AutoZone, Inc.) and ORLY (O'Reilly Automotive, Inc.) are both stocks. Both operate in the Specialty Retail industry within the Consumer Cyclical sector. Over the past 10 years, AZO returned 14.81%/yr vs 17.42%/yr for ORLY. At a 0.48 correlation, their price movements are largely independent.
Performance
AZO vs. ORLY - Performance Comparison
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Returns By Period
In the year-to-date period, AZO achieves a -10.68% return, which is significantly lower than ORLY's -5.46% return. Over the past 10 years, AZO has underperformed ORLY with an annualized return of 14.81%, while ORLY has yielded a comparatively higher 17.42% annualized return.
AZO
- 1D
- 0.28%
- 1M
- -15.71%
- YTD
- -10.68%
- 6M
- -20.84%
- 1Y
- -19.21%
- 3Y*
- 8.36%
- 5Y*
- 16.82%
- 10Y*
- 14.81%
ORLY
- 1D
- -0.47%
- 1M
- -10.80%
- YTD
- -5.46%
- 6M
- -13.63%
- 1Y
- -5.63%
- 3Y*
- 13.05%
- 5Y*
- 19.61%
- 10Y*
- 17.42%
AZO vs. ORLY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AZO AutoZone, Inc. | -10.68% | 5.92% | 23.84% | 4.84% | 17.64% | 76.84% | -0.49% | 42.10% | 17.85% | -9.93% |
ORLY O'Reilly Automotive, Inc. | -5.46% | 15.38% | 24.81% | 12.56% | 19.51% | 56.05% | 3.27% | 27.28% | 43.15% | -13.60% |
Correlation
The correlation between AZO and ORLY is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 1993 | 0.48 |
Over the past year, AZO and ORLY have become more correlated (0.81) than their long-term average of 0.48, meaning their price movements have been converging.
Fundamentals
AZO:
$51.05B
ORLY:
$72.65B
AZO:
$145.27
ORLY:
$3.06
AZO:
20.85
ORLY:
28.19
AZO:
1.81
ORLY:
3.03
AZO:
2.59
ORLY:
4.03
AZO:
$19.99B
ORLY:
$18.21B
AZO:
$10.34B
ORLY:
$9.40B
AZO:
$4.26B
ORLY:
$3.96B
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Return for Risk
AZO vs. ORLY — Risk / Return Rank
AZO
ORLY
AZO vs. ORLY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AutoZone, Inc. (AZO) and O'Reilly Automotive, Inc. (ORLY). 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.
| AZO | ORLY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.71 | -0.25 | -0.46 |
Sortino ratioReturn per unit of downside risk | -0.84 | -0.21 | -0.64 |
Omega ratioGain probability vs. loss probability | 0.89 | 0.98 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | -0.58 | -0.27 | -0.31 |
Martin ratioReturn relative to average drawdown | -1.29 | -0.52 | -0.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AZO | ORLY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.71 | -0.25 | -0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.87 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.66 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.64 | -0.02 |
Drawdowns
AZO vs. ORLY - Drawdown Comparison
The maximum AZO drawdown since its inception was -46.32%, smaller than the maximum ORLY drawdown of -65.42%. Use the drawdown chart below to compare losses from any high point for AZO and ORLY.
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Drawdown Indicators
| AZO | ORLY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.32% | -65.42% | +19.10% |
Max Drawdown (1Y)Largest decline over 1 year | -32.59% | -20.02% | -12.57% |
Max Drawdown (3Y)Largest decline over 3 years | -32.59% | -20.02% | -12.57% |
Max Drawdown (5Y)Largest decline over 5 years | -32.59% | -23.03% | -9.56% |
Max Drawdown (10Y)Largest decline over 10 years | -42.14% | -42.00% | -0.14% |
Current DrawdownCurrent decline from peak | -30.43% | -20.02% | -10.41% |
Average DrawdownAverage peak-to-trough decline | -10.87% | -10.78% | -0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.63% | 10.35% | +4.28% |
Volatility
AZO vs. ORLY - Volatility Comparison
AutoZone, Inc. (AZO) has a higher volatility of 11.58% compared to O'Reilly Automotive, Inc. (ORLY) at 6.71%. This indicates that AZO's price experiences larger fluctuations and is considered to be riskier than ORLY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AZO | ORLY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.58% | 6.71% | +4.87% |
Volatility (6M)Calculated over the trailing 6-month period | 23.01% | 17.99% | +5.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.07% | 22.83% | +4.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.44% | 22.60% | +1.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.47% | 26.51% | -0.04% |
Dividends
AZO vs. ORLY - Dividend Comparison
Neither AZO nor ORLY has paid dividends to shareholders.
Financials
AZO vs. ORLY - Financials Comparison
This section allows you to compare key financial metrics between AutoZone, Inc. and O'Reilly Automotive, 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
AZO vs. ORLY - Profitability Comparison
AZO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, AutoZone, Inc. reported a gross profit of 2.52B and revenue of 4.84B. Therefore, the gross margin over that period was 52.2%.
ORLY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, O'Reilly Automotive, Inc. reported a gross profit of 2.35B and revenue of 4.56B. Therefore, the gross margin over that period was 51.5%.
AZO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, AutoZone, Inc. reported an operating income of 923.76M and revenue of 4.84B, resulting in an operating margin of 19.1%.
ORLY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, O'Reilly Automotive, Inc. reported an operating income of 841.61M and revenue of 4.56B, resulting in an operating margin of 18.5%.
AZO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, AutoZone, Inc. reported a net income of 641.49M and revenue of 4.84B, resulting in a net margin of 13.3%.
ORLY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, O'Reilly Automotive, Inc. reported a net income of 604.18M and revenue of 4.56B, resulting in a net margin of 13.3%.
Frequently Asked Questions
AZO and ORLY have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AZO has higher volatility (11.58%) compared to ORLY (6.71%). In terms of maximum drawdown, AZO dropped -46.32% vs ORLY's -65.42%.
ORLY currently has the higher Sharpe Ratio (-0.25 vs -0.71), 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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