CZR vs. BWB

Last updated Jun 3, 2026

CZR (Caesars Entertainment, Inc.) and BWB (Bridgewater Bancshares, Inc.) are both stocks. CZR operates in Resorts & Casinos (Consumer Cyclical), while BWB operates in Banks - Regional (Financial Services). Over the past 5 years, CZR returned -23.23%/yr vs 2.27%/yr for BWB. At a 0.33 correlation, their price movements are largely independent.

Performance

CZR vs. BWB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Caesars Entertainment, Inc. (CZR) and Bridgewater Bancshares, Inc. (BWB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CZR achieves a 24.93% return, which is significantly higher than BWB's 8.10% return.

CZR

• 1D: 0.24%
• 1M: 2.96%
• YTD: 24.93%
• 6M: 26.06%
• 1Y: 11.95%
• 3Y*: -13.32%
• 5Y*: -23.23%
• 10Y*: 7.00%

BWB

• 1D: 1.34%
• 1M: 3.33%
• YTD: 8.10%
• 6M: 8.35%
• 1Y: 30.96%
• 3Y*: 24.50%
• 5Y*: 2.27%
• 10Y*: —

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

CZR vs. BWB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
CZR Caesars Entertainment, Inc.	24.93%	-30.01%	-28.71%	12.69%	-55.52%	25.93%	24.53%	64.71%	-3.95%
BWB Bridgewater Bancshares, Inc.	8.10%	29.76%	-0.07%	-23.79%	0.28%	41.63%	-9.36%	30.62%	-16.40%

Correlation

The correlation between CZR and BWB is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.33
Correlation (All Time) Calculated using the full available price history since Mar 15, 2018	0.33

Fundamentals

Market Cap CZR : $5.96B BWB : $539.89M
EPS CZR : -$2.36 BWB : $1.90
PS Ratio CZR : 0.52 BWB : 2.39
PB Ratio CZR : 1.66 BWB : 1.17
Total Revenue (TTM) CZR : $11.56B BWB : $224.30M
Gross Profit (TTM) CZR : $3.64B BWB : $107.29M
EBITDA (TTM) CZR : $2.30B BWB : $50.63M

Return for Risk

CZR vs. BWB — Risk / Return Rank

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

CZR

CZR Risk / Return Rank: 46
CZR Sharpe Ratio Rank: 48
CZR Sortino Ratio Rank: 47
CZR Omega Ratio Rank: 46
CZR Calmar Ratio Rank: 45
CZR Martin Ratio Rank: 45

BWB

BWB Risk / Return Rank: 71
BWB Sharpe Ratio Rank: 74
BWB Sortino Ratio Rank: 69
BWB Omega Ratio Rank: 67
BWB Calmar Ratio Rank: 73
BWB Martin Ratio Rank: 74

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.

CZR vs. BWB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Caesars Entertainment, Inc. (CZR) and Bridgewater Bancshares, Inc. (BWB). 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.

	CZR	BWB	Difference
Sharpe ratio Return per unit of total volatility	0.23	1.15	-0.92
Sortino ratio Return per unit of downside risk	0.74	1.72	-0.98
Omega ratio Gain probability vs. loss probability	1.09	1.21	-0.12
Calmar ratio Return relative to maximum drawdown	0.21	1.88	-1.68
Martin ratio Return relative to average drawdown	0.40	4.80	-4.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CZR vs. BWB - Sharpe Ratio Comparison

The current CZR Sharpe Ratio is 0.23, which is lower than the BWB Sharpe Ratio of 1.15. The chart below compares the historical Sharpe Ratios of CZR and BWB, 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

	CZR	BWB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.23	1.15	-0.92
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.44	0.07	-0.51
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.12	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.15	+0.16

Drawdowns

CZR vs. BWB - Drawdown Comparison

The maximum CZR drawdown since its inception was -89.78%, which is greater than BWB's maximum drawdown of -59.49%. Use the drawdown chart below to compare losses from any high point for CZR and BWB.

Drawdown Indicators

	CZR	BWB	Difference
Max Drawdown Largest peak-to-trough decline	-89.78%	-59.49%	-30.29%
Max Drawdown (1Y) Largest decline over 1 year	-42.43%	-15.62%	-26.81%
Max Drawdown (3Y) Largest decline over 3 years	-69.45%	-22.19%	-47.26%
Max Drawdown (5Y) Largest decline over 5 years	-84.82%	-59.49%	-25.33%
Max Drawdown (10Y) Largest decline over 10 years	-89.78%	—	—
Current Drawdown Current decline from peak	-75.55%	-5.11%	-70.44%
Average Drawdown Average peak-to-trough decline	-31.58%	-20.23%	-11.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.69%	6.14%	+15.55%

Volatility

CZR vs. BWB - Volatility Comparison

Caesars Entertainment, Inc. (CZR) has a higher volatility of 12.34% compared to Bridgewater Bancshares, Inc. (BWB) at 5.84%. This indicates that CZR's price experiences larger fluctuations and is considered to be riskier than BWB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CZR	BWB	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.34%	5.84%	+6.50%
Volatility (6M) Calculated over the trailing 6-month period	37.06%	16.99%	+20.07%
Volatility (1Y) Calculated over the trailing 1-year period	52.43%	27.01%	+25.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.54%	32.37%	+20.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.90%	34.35%	+26.55%

Dividends

CZR vs. BWB - Dividend Comparison

Neither CZR nor BWB has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both CZR and BWB in my portfolio?

CZR and BWB have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CZR or BWB?

CZR has higher volatility (12.34%) compared to BWB (5.84%). In terms of maximum drawdown, CZR dropped -89.78% vs BWB's -59.49%.

Which has better risk-adjusted returns?

BWB currently has the higher Sharpe Ratio (1.15 vs 0.23), 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.