CZR vs. DKNG
CZR (Caesars Entertainment, Inc.) and DKNG (DraftKings Inc.) are both stocks. Both are in the Consumer Cyclical sector — CZR in Resorts & Casinos, DKNG in Gambling. Over the past 5 years, CZR returned -23.23%/yr vs -12.98%/yr for DKNG. A 0.52 correlation means they provide meaningful diversification when combined.
Performance
CZR vs. DKNG - Performance Comparison
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Returns By Period
In the year-to-date period, CZR achieves a 24.93% return, which is significantly higher than DKNG's -27.13% 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%
DKNG
- 1D
- -0.75%
- 1M
- 6.53%
- YTD
- -27.13%
- 6M
- -27.32%
- 1Y
- -26.84%
- 3Y*
- 0.25%
- 5Y*
- -12.98%
- 10Y*
- —
CZR vs. DKNG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CZR Caesars Entertainment, Inc. | 24.93% | -30.01% | -28.71% | 12.69% | -55.52% | 25.93% | 316.78% |
DKNG DraftKings Inc. | -27.13% | -7.37% | 5.53% | 209.48% | -58.54% | -41.00% | 140.62% |
Correlation
The correlation between CZR and DKNG is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2020 | 0.52 |
The correlation between CZR and DKNG shifts across timeframes, from 0.44 (1 year) to 0.57 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
CZR:
-$2.36
DKNG:
$0.15
CZR:
0.52
DKNG:
1.59
CZR:
$11.56B
DKNG:
$6.29B
CZR:
$3.64B
DKNG:
$2.63B
CZR:
$2.30B
DKNG:
$319.39M
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Return for Risk
CZR vs. DKNG — Risk / Return Rank
CZR
DKNG
CZR vs. DKNG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Caesars Entertainment, Inc. (CZR) and DraftKings Inc. (DKNG). 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 | DKNG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.23 | -0.57 | +0.80 |
Sortino ratioReturn per unit of downside risk | 0.74 | -0.55 | +1.29 |
Omega ratioGain probability vs. loss probability | 1.09 | 0.93 | +0.16 |
Calmar ratioReturn relative to maximum drawdown | 0.21 | -0.47 | +0.68 |
Martin ratioReturn relative to average drawdown | 0.40 | -0.78 | +1.18 |
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
| CZR | DKNG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.23 | -0.57 | +0.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.44 | -0.21 | -0.23 |
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 | 0.07 | +0.23 |
Drawdowns
CZR vs. DKNG - Drawdown Comparison
The maximum CZR drawdown since its inception was -89.78%, roughly equal to the maximum DKNG drawdown of -85.73%. Use the drawdown chart below to compare losses from any high point for CZR and DKNG.
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Drawdown Indicators
| CZR | DKNG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.78% | -85.73% | -4.05% |
Max Drawdown (1Y)Largest decline over 1 year | -42.43% | -57.04% | +14.61% |
Max Drawdown (3Y)Largest decline over 3 years | -69.45% | -61.26% | -8.19% |
Max Drawdown (5Y)Largest decline over 5 years | -84.82% | -83.87% | -0.95% |
Max Drawdown (10Y)Largest decline over 10 years | -89.78% | — | — |
Current DrawdownCurrent decline from peak | -75.55% | -65.12% | -10.43% |
Average DrawdownAverage peak-to-trough decline | -31.58% | -48.91% | +17.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.69% | 34.67% | -12.98% |
Volatility
CZR vs. DKNG - Volatility Comparison
The current volatility for Caesars Entertainment, Inc. (CZR) is 12.34%, while DraftKings Inc. (DKNG) has a volatility of 14.57%. This indicates that CZR experiences smaller price fluctuations and is considered to be less risky than DKNG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CZR | DKNG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.34% | 14.57% | -2.23% |
Volatility (6M)Calculated over the trailing 6-month period | 37.06% | 35.19% | +1.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.43% | 47.01% | +5.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.54% | 61.13% | -8.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.90% | 63.23% | -2.33% |
Dividends
CZR vs. DKNG - Dividend Comparison
Neither CZR nor DKNG has paid dividends to shareholders.
Financials
CZR vs. DKNG - Financials Comparison
This section allows you to compare key financial metrics between Caesars Entertainment, Inc. and DraftKings Inc.. 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
CZR vs. DKNG - Profitability Comparison
CZR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Caesars Entertainment, Inc. reported a gross profit of 0.00 and revenue of 2.87B. Therefore, the gross margin over that period was 0.0%.
DKNG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, DraftKings Inc. reported a gross profit of 696.69M and revenue of 1.65B. Therefore, the gross margin over that period was 42.3%.
CZR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Caesars Entertainment, Inc. reported an operating income of 500.00M and revenue of 2.87B, resulting in an operating margin of 17.4%.
DKNG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, DraftKings Inc. reported an operating income of 5.85M and revenue of 1.65B, resulting in an operating margin of 0.4%.
CZR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Caesars Entertainment, Inc. reported a net income of -98.00M and revenue of 2.87B, resulting in a net margin of -3.4%.
DKNG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, DraftKings Inc. reported a net income of 21.07M and revenue of 1.65B, resulting in a net margin of 1.3%.
Frequently Asked Questions
CZR and DKNG have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DKNG has higher volatility (14.57%) compared to CZR (12.34%). In terms of maximum drawdown, CZR dropped -89.78% vs DKNG's -85.73%.
CZR currently has the higher Sharpe Ratio (0.23 vs -0.57), 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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