AZO vs. PRGS
AZO (AutoZone, Inc.) and PRGS (Progress Software Corporation) are both stocks. AZO operates in Specialty Retail (Consumer Cyclical), while PRGS operates in Software - Application (Technology). Over the past 10 years, AZO returned 15.09%/yr vs 3.01%/yr for PRGS. At a 0.21 correlation, their price movements are largely independent.
Performance
AZO vs. PRGS - Performance Comparison
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Returns By Period
In the year-to-date period, AZO achieves a -9.36% return, which is significantly higher than PRGS's -27.47% return. Over the past 10 years, AZO has outperformed PRGS with an annualized return of 15.09%, while PRGS has yielded a comparatively lower 3.01% annualized return.
AZO
- 1D
- -1.36%
- 1M
- -12.07%
- YTD
- -9.36%
- 6M
- -18.39%
- 1Y
- -17.35%
- 3Y*
- 9.16%
- 5Y*
- 17.26%
- 10Y*
- 15.09%
PRGS
- 1D
- -0.64%
- 1M
- 4.32%
- YTD
- -27.47%
- 6M
- -28.99%
- 1Y
- -51.45%
- 3Y*
- -19.13%
- 5Y*
- -7.10%
- 10Y*
- 3.01%
AZO vs. PRGS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AZO AutoZone, Inc. | -9.36% | 5.92% | 23.84% | 4.84% | 17.64% | 76.84% | -0.49% | 42.10% | 17.85% | -9.93% |
PRGS Progress Software Corporation | -27.47% | -34.06% | 21.16% | 8.94% | 6.05% | 8.44% | 10.64% | 18.95% | -15.41% | 35.45% |
Correlation
The correlation between AZO and PRGS is 0.10, 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 | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Aug 6, 1991 | 0.21 |
The correlation between AZO and PRGS shifts across timeframes, from 0.10 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.
Fundamentals
AZO:
$51.80B
PRGS:
$1.33B
AZO:
$145.27
PRGS:
$1.95
AZO:
21.16
PRGS:
15.94
AZO:
1.83
PRGS:
44.14
AZO:
2.62
PRGS:
1.37
AZO:
$19.99B
PRGS:
$987.62M
AZO:
$10.34B
PRGS:
$802.40M
AZO:
$4.26B
PRGS:
$136.06M
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Return for Risk
AZO vs. PRGS — Risk / Return Rank
AZO
PRGS
AZO vs. PRGS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AutoZone, Inc. (AZO) and Progress Software Corporation (PRGS). 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 | PRGS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.87 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 0.80 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.53 | -0.84 | +0.31 |
| Martin ratioReturn relative to average drawdown | -1.15 | -1.34 | +0.19 |
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 | PRGS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.64 | -1.05 | +0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | -0.21 | +0.92 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.09 | +0.48 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.16 | +0.46 |
Drawdowns
AZO vs. PRGS - Drawdown Comparison
The maximum AZO drawdown since its inception was -46.32%, smaller than the maximum PRGS drawdown of -67.33%. Use the drawdown chart below to compare losses from any high point for AZO and PRGS.
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Drawdown Indicators
| AZO | PRGS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.32% | -67.33% | +21.01% |
Max Drawdown (1Y)Largest decline over 1 year | -32.59% | -61.20% | +28.61% |
Max Drawdown (3Y)Largest decline over 3 years | -32.59% | -64.10% | +31.51% |
Max Drawdown (5Y)Largest decline over 5 years | -32.59% | -64.10% | +31.51% |
Max Drawdown (10Y)Largest decline over 10 years | -42.14% | -64.10% | +21.96% |
Current DrawdownCurrent decline from peak | -29.41% | -55.42% | +26.01% |
Average DrawdownAverage peak-to-trough decline | -10.88% | -23.56% | +12.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.08% | 38.36% | -23.28% |
Volatility
AZO vs. PRGS - Volatility Comparison
The current volatility for AutoZone, Inc. (AZO) is 11.38%, while Progress Software Corporation (PRGS) has a volatility of 17.03%. This indicates that AZO experiences smaller price fluctuations and is considered to be less risky than PRGS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AZO | PRGS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.38% | 17.03% | -5.65% |
Volatility (6M)Calculated over the trailing 6-month period | 22.93% | 41.70% | -18.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.20% | 49.01% | -21.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.45% | 33.45% | -9.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.48% | 33.19% | -6.71% |
Dividends
AZO vs. PRGS - Dividend Comparison
Neither AZO nor PRGS has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PRGS Progress Software Corporation | 0.00% | 0.00% | 0.81% | 1.29% | 1.39% | 1.45% | 1.48% | 1.52% | 1.62% | 1.21% | 0.39% |
Financials
AZO vs. PRGS - Financials Comparison
This section allows you to compare key financial metrics between AutoZone, Inc. and Progress Software Corporation. 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. PRGS - 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%.
PRGS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Progress Software Corporation reported a gross profit of 203.94M and revenue of 247.80M. Therefore, the gross margin over that period was 82.3%.
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%.
PRGS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Progress Software Corporation reported an operating income of 46.47M and revenue of 247.80M, resulting in an operating margin of 18.8%.
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%.
PRGS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Progress Software Corporation reported a net income of 22.81M and revenue of 247.80M, resulting in a net margin of 9.2%.
Frequently Asked Questions
AZO and PRGS have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PRGS has higher volatility (17.03%) compared to AZO (11.38%). In terms of maximum drawdown, AZO dropped -46.32% vs PRGS's -67.33%.
AZO currently has the higher Sharpe Ratio (-0.64 vs -1.05), 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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