CARG vs. ZYME

Last updated Jun 23, 2026

CARG (CarGurus, Inc.) and ZYME (Zymeworks Inc.) are both stocks. CARG operates in Internet Content & Information (Communication Services), while ZYME operates in Biotechnology (Healthcare). Over the past 5 years, CARG returned 2.00%/yr vs -8.55%/yr for ZYME. At a 0.21 correlation, their price movements are largely independent.

Performance

CARG vs. ZYME - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CarGurus, Inc. (CARG) and Zymeworks Inc. (ZYME). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CARG achieves a -21.56% return, which is significantly lower than ZYME's -11.66% return.

CARG

• 1D: 0.20%
• 1M: 6.52%
• YTD: -21.56%
• 6M: -22.71%
• 1Y: -6.29%
• 3Y*: 13.43%
• 5Y*: 2.00%
• 10Y*: —

ZYME

• 1D: 0.52%
• 1M: -9.18%
• YTD: -11.66%
• 6M: -15.79%
• 1Y: 86.38%
• 3Y*: 42.08%
• 5Y*: -8.55%
• 10Y*: —

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

CARG vs. ZYME - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CARG CarGurus, Inc.	-21.56%	4.95%	51.24%	72.45%	-58.35%	6.02%	-9.81%	4.30%	12.51%	3.38%
ZYME Zymeworks Inc.	-11.66%	79.85%	40.90%	32.19%	-52.04%	-65.32%	3.96%	209.67%	93.33%	-13.52%

Correlation

The correlation between CARG and ZYME is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.23
Correlation (All Time) Calculated using the full available price history since Oct 12, 2017	0.21

The correlation between CARG and ZYME shifts across timeframes, from 0.13 (1 year) to 0.23 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap CARG : $2.86B ZYME : $1.74B
EPS CARG : $1.52 ZYME : -$583.41
PS Ratio CARG : 3.08 ZYME : 22.36
PB Ratio CARG : 12.06 ZYME : 0.01
Total Revenue (TTM) CARG : $957.38M ZYME : $78.86M
Gross Profit (TTM) CARG : $860.45M ZYME : $77.16M
EBITDA (TTM) CARG : $251.92M ZYME : -$47.18B

Return for Risk

CARG vs. ZYME — Risk / Return Rank

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

CARG

CARG Risk / Return Rank: 34
CARG Sharpe Ratio Rank: 35
CARG Sortino Ratio Rank: 32
CARG Omega Ratio Rank: 31
CARG Calmar Ratio Rank: 35
CARG Martin Ratio Rank: 35

ZYME

ZYME Risk / Return Rank: 85
ZYME Sharpe Ratio Rank: 84
ZYME Sortino Ratio Rank: 85
ZYME Omega Ratio Rank: 82
ZYME Calmar Ratio Rank: 89
ZYME Martin Ratio Rank: 86

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.

CARG vs. ZYME - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CarGurus, Inc. (CARG) and Zymeworks Inc. (ZYME). 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.

	CARG	ZYME	Difference
Sharpe ratio: Return per unit of total volatility	-0.17	1.64	-1.82
Sortino ratio: Return per unit of downside risk	0.01	2.60	-2.59
Omega ratio: Gain probability vs. loss probability	1.00	1.32	-0.31
Calmar ratio: Return relative to maximum drawdown	-0.20	4.09	-4.29
Martin ratio: Return relative to average drawdown	-0.46	8.74	-9.20

CARG vs. ZYME - Sharpe Ratio Comparison

The current CARG Sharpe Ratio is -0.17, which is lower than the ZYME Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of CARG and ZYME, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CARG vs. ZYME - Drawdown Comparison

The maximum CARG drawdown since its inception was -78.66%, smaller than the maximum ZYME drawdown of -91.81%. Use the drawdown chart below to compare losses from any high point for CARG and ZYME.

Drawdown Indicators

	CARG	ZYME	Difference
Max Drawdown Largest peak-to-trough decline	-78.66%	-91.81%	+13.15%
Max Drawdown (1Y) Largest decline over 1 year	-30.92%	-21.25%	-9.67%
Max Drawdown (3Y) Largest decline over 3 years	-37.88%	-45.75%	+7.87%
Max Drawdown (5Y) Largest decline over 5 years	-75.38%	-87.53%	+12.15%
Current Drawdown Current decline from peak	-46.20%	-59.06%	+12.86%
Average Drawdown Average peak-to-trough decline	-44.06%	-52.54%	+8.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.59%	9.92%	+3.67%

Volatility

CARG vs. ZYME - Volatility Comparison

CarGurus, Inc. (CARG) has a higher volatility of 12.99% compared to Zymeworks Inc. (ZYME) at 9.77%. This indicates that CARG's price experiences larger fluctuations and is considered to be riskier than ZYME based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CARG	ZYME	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.99%	9.77%	+3.22%
Volatility (6M) Calculated over the trailing 6-month period	29.85%	29.50%	+0.35%
Volatility (1Y) Calculated over the trailing 1-year period	36.75%	52.97%	-16.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.51%	61.84%	-11.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.65%	61.46%	-10.81%

Dividends

CARG vs. ZYME - Dividend Comparison

Neither CARG nor ZYME has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both CARG and ZYME in my portfolio?

CARG and ZYME have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CARG or ZYME?

CARG has higher volatility (12.99%) compared to ZYME (9.77%). In terms of maximum drawdown, CARG dropped -78.66% vs ZYME's -91.81%.

Which has better risk-adjusted returns?

ZYME currently has the higher Sharpe Ratio (1.64 vs -0.17), 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.