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CBZ vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


CBZSPY
YTD Return14.03%5.60%
1Y Return39.31%23.55%
3Y Return (Ann)28.60%7.83%
5Y Return (Ann)29.04%13.05%
10Y Return (Ann)23.57%12.30%
Sharpe Ratio1.661.91
Daily Std Dev22.62%11.63%
Max Drawdown-96.16%-55.19%
Current Drawdown-9.08%-4.36%

Correlation

-0.50.00.51.00.4

The correlation between CBZ and SPY is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Performance

CBZ vs. SPY - Performance Comparison

In the year-to-date period, CBZ achieves a 14.03% return, which is significantly higher than SPY's 5.60% return. Over the past 10 years, CBZ has outperformed SPY with an annualized return of 23.57%, while SPY has yielded a comparatively lower 12.30% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


1,000.00%2,000.00%3,000.00%4,000.00%5,000.00%December2024FebruaryMarchAprilMay
4,658.00%
1,528.29%
CBZ
SPY

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CBIZ, Inc.

SPDR S&P 500 ETF

Risk-Adjusted Performance

CBZ vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for CBIZ, Inc. (CBZ) and SPDR S&P 500 ETF (SPY). 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
Sharpe ratio
The chart of Sharpe ratio for CBZ, currently valued at 1.66, compared to the broader market-2.00-1.000.001.002.003.004.001.66
Sortino ratio
The chart of Sortino ratio for CBZ, currently valued at 2.21, compared to the broader market-4.00-2.000.002.004.006.002.21
Omega ratio
The chart of Omega ratio for CBZ, currently valued at 1.31, compared to the broader market0.501.001.501.31
Calmar ratio
The chart of Calmar ratio for CBZ, currently valued at 3.23, compared to the broader market0.002.004.006.003.23
Martin ratio
The chart of Martin ratio for CBZ, currently valued at 10.11, compared to the broader market-10.000.0010.0020.0030.0010.11
SPY
Sharpe ratio
The chart of Sharpe ratio for SPY, currently valued at 1.91, compared to the broader market-2.00-1.000.001.002.003.004.001.91
Sortino ratio
The chart of Sortino ratio for SPY, currently valued at 2.75, compared to the broader market-4.00-2.000.002.004.006.002.75
Omega ratio
The chart of Omega ratio for SPY, currently valued at 1.33, compared to the broader market0.501.001.501.33
Calmar ratio
The chart of Calmar ratio for SPY, currently valued at 1.64, compared to the broader market0.002.004.006.001.64
Martin ratio
The chart of Martin ratio for SPY, currently valued at 7.69, compared to the broader market-10.000.0010.0020.0030.007.69

CBZ vs. SPY - Sharpe Ratio Comparison

The current CBZ Sharpe Ratio is 1.66, which roughly equals the SPY Sharpe Ratio of 1.91. The chart below compares the 12-month rolling Sharpe Ratio of CBZ and SPY.


Rolling 12-month Sharpe Ratio0.501.001.502.002.503.00December2024FebruaryMarchAprilMay
1.66
1.91
CBZ
SPY

Dividends

CBZ vs. SPY - Dividend Comparison

CBZ has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.34%.


TTM20232022202120202019201820172016201520142013
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%
SPY
SPDR S&P 500 ETF
1.34%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%1.81%

Drawdowns

CBZ vs. SPY - Drawdown Comparison

The maximum CBZ drawdown since its inception was -96.16%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for CBZ and SPY. For additional features, visit the drawdowns tool.


-10.00%-8.00%-6.00%-4.00%-2.00%0.00%December2024FebruaryMarchAprilMay
-9.08%
-4.36%
CBZ
SPY

Volatility

CBZ vs. SPY - Volatility Comparison

CBIZ, Inc. (CBZ) has a higher volatility of 7.73% compared to SPDR S&P 500 ETF (SPY) at 3.88%. This indicates that CBZ's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%12.00%December2024FebruaryMarchAprilMay
7.73%
3.88%
CBZ
SPY