CBZ vs. AZZ

Last updated Jun 3, 2026

CBZ (CBIZ, Inc.) and AZZ (AZZ Inc.) are both stocks. Both are in the Industrials sector — CBZ in Specialty Business Services, AZZ in Electrical Equipment & Parts. Over the past 10 years, CBZ returned 12.20%/yr vs 10.26%/yr for AZZ. At a 0.25 correlation, their price movements are largely independent.

Performance

CBZ vs. AZZ - Performance Comparison

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

Returns By Period

In the year-to-date period, CBZ achieves a -33.08% return, which is significantly lower than AZZ's 27.77% return. Over the past 10 years, CBZ has outperformed AZZ with an annualized return of 12.20%, while AZZ has yielded a comparatively lower 10.26% annualized return.

CBZ

• 1D: -2.65%
• 1M: 4.98%
• YTD: -33.08%
• 6M: -32.15%
• 1Y: -52.84%
• 3Y*: -13.87%
• 5Y*: 0.55%
• 10Y*: 12.20%

AZZ

• 1D: 1.70%
• 1M: -4.88%
• YTD: 27.77%
• 6M: 31.79%
• 1Y: 47.68%
• 3Y*: 54.80%
• 5Y*: 22.11%
• 10Y*: 10.26%

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

CBZ vs. AZZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CBZ CBIZ, Inc.	-33.08%	-38.35%	30.74%	33.60%	19.76%	47.01%	-1.30%	36.85%	27.51%	12.77%
AZZ AZZ Inc.	27.77%	31.89%	42.35%	46.82%	-26.09%	18.10%	5.34%	15.65%	-19.88%	-19.00%

Correlation

The correlation between CBZ and AZZ is 0.01, 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	0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (5Y) Calculated over the trailing 5-year period	0.39
Correlation (10Y) Calculated over the trailing 10-year period	0.43
Correlation (All Time) Calculated using the full available price history since Apr 28, 1995	0.25

Over the past year, the correlation between CBZ and AZZ has dropped to 0.01 - well below their long-term average of 0.25, suggesting their price drivers have been diverging.

Fundamentals

Market Cap CBZ : $2.08B AZZ : $4.11B
EPS CBZ : $2.45 AZZ : $10.51
PE Ratio CBZ : 13.79 AZZ : 12.99
PEG Ratio CBZ : 0.40 AZZ : 0.09
PS Ratio CBZ : 0.77 AZZ : 2.50
PB Ratio CBZ : 1.10 AZZ : 3.08
Total Revenue (TTM) CBZ : $2.77B AZZ : $1.65B
Gross Profit (TTM) CBZ : $353.31M AZZ : $394.96M
EBITDA (TTM) CBZ : $445.96M AZZ : $564.26M

Return for Risk

CBZ vs. AZZ — Risk / Return Rank

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

CBZ

CBZ Risk / Return Rank: 7
CBZ Sharpe Ratio Rank: 4
CBZ Sortino Ratio Rank: 5
CBZ Omega Ratio Rank: 5
CBZ Calmar Ratio Rank: 11
CBZ Martin Ratio Rank: 11

AZZ

AZZ Risk / Return Rank: 80
AZZ Sharpe Ratio Rank: 83
AZZ Sortino Ratio Rank: 81
AZZ Omega Ratio Rank: 77
AZZ Calmar Ratio Rank: 81
AZZ Martin Ratio Rank: 79

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.

CBZ vs. AZZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CBIZ, Inc. (CBZ) and AZZ Inc. (AZZ). 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.

	CBZ	AZZ	Difference
Sharpe ratio Return per unit of total volatility	-1.02	1.62	-2.64
Sortino ratio Return per unit of downside risk	-1.50	2.40	-3.90
Omega ratio Gain probability vs. loss probability	0.80	1.28	-0.48
Calmar ratio Return relative to maximum drawdown	-0.79	2.84	-3.63
Martin ratio Return relative to average drawdown	-1.27	6.27	-7.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CBZ vs. AZZ - Sharpe Ratio Comparison

The current CBZ Sharpe Ratio is -1.02, which is lower than the AZZ Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of CBZ and AZZ, 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

	CBZ	AZZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.02	1.62	-2.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.02	0.66	-0.65
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.40	0.29	+0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	0.25	-0.08

Drawdowns

CBZ vs. AZZ - Drawdown Comparison

The maximum CBZ drawdown since its inception was -96.13%, which is greater than AZZ's maximum drawdown of -77.87%. Use the drawdown chart below to compare losses from any high point for CBZ and AZZ.

Drawdown Indicators

	CBZ	AZZ	Difference
Max Drawdown Largest peak-to-trough decline	-96.13%	-77.87%	-18.26%
Max Drawdown (1Y) Largest decline over 1 year	-67.69%	-18.16%	-49.53%
Max Drawdown (3Y) Largest decline over 3 years	-71.64%	-23.66%	-47.98%
Max Drawdown (5Y) Largest decline over 5 years	-71.64%	-46.23%	-25.41%
Max Drawdown (10Y) Largest decline over 10 years	-71.64%	-68.02%	-3.62%
Current Drawdown Current decline from peak	-61.92%	-8.16%	-53.76%
Average Drawdown Average peak-to-trough decline	-51.04%	-31.98%	-19.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	42.00%	8.24%	+33.76%

Volatility

CBZ vs. AZZ - Volatility Comparison

CBIZ, Inc. (CBZ) has a higher volatility of 14.63% compared to AZZ Inc. (AZZ) at 9.24%. This indicates that CBZ's price experiences larger fluctuations and is considered to be riskier than AZZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CBZ	AZZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.63%	9.24%	+5.39%
Volatility (6M) Calculated over the trailing 6-month period	43.22%	22.54%	+20.68%
Volatility (1Y) Calculated over the trailing 1-year period	51.99%	29.73%	+22.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.09%	33.55%	+0.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.84%	35.61%	-4.77%

Dividends

CBZ vs. AZZ - Dividend Comparison

CBZ has not paid dividends to shareholders, while AZZ's dividend yield for the trailing twelve months is around 0.59%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AZZ AZZ Inc.	0.59%	0.69%	0.83%	1.17%	1.69%	1.23%	1.43%	1.48%	1.68%	1.33%	0.97%	1.08%
CBZ CBIZ, 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

CBZ vs. AZZ - Profitability Comparison

The chart below illustrates the profitability comparison between CBIZ, Inc. and AZZ Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

CBZ - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, CBIZ, Inc. reported a gross profit of 226.02M and revenue of 848.58M. Therefore, the gross margin over that period was 26.6%.

AZZ - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, AZZ Inc. reported a gross profit of 87.59M and revenue of 385.10M. Therefore, the gross margin over that period was 22.8%.

CBZ - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, CBIZ, Inc. reported an operating income of 196.45M and revenue of 848.58M, resulting in an operating margin of 23.2%.

AZZ - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, AZZ Inc. reported an operating income of 57.13M and revenue of 385.10M, resulting in an operating margin of 14.8%.

CBZ - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, CBIZ, Inc. reported a net income of 161.61M and revenue of 848.58M, resulting in a net margin of 19.1%.

AZZ - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, AZZ Inc. reported a net income of 15.93M and revenue of 385.10M, resulting in a net margin of 4.1%.

Frequently Asked Questions

Can I hold both CBZ and AZZ in my portfolio?

CBZ and AZZ have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CBZ or AZZ?

CBZ has higher volatility (14.63%) compared to AZZ (9.24%). In terms of maximum drawdown, CBZ dropped -96.13% vs AZZ's -77.87%.

Which has better risk-adjusted returns?

AZZ currently has the higher Sharpe Ratio (1.62 vs -1.02), 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.