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CZR vs. IVV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CZR vs. IVV

Last updated Jul 17, 2026
Documentation

CZR (Caesars Entertainment, Inc.) is a stock, while IVV (iShares Core S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, CZR returned 7.39%/yr vs 15.13%/yr for IVV. At a 0.48 correlation, their price movements are largely independent.

Performance

CZR vs. IVV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Caesars Entertainment, Inc. (CZR) and iShares Core S&P 500 ETF (IVV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, CZR achieves a 27.88% return, which is significantly higher than IVV's 10.73% return. Over the past 10 years, CZR has underperformed IVV with an annualized return of 7.39%, while IVV has yielded a comparatively higher 15.13% annualized return.

CZR

1D
-0.73%
1M
2.05%
6M
17.99%
YTD
27.88%
1Y
-0.30%
3Y*
-17.08%
5Y*
-19.76%
10Y*
7.39%

IVV

1D
-0.52%
1M
0.32%
6M
9.08%
YTD
10.73%
1Y
21.71%
3Y*
20.11%
5Y*
13.31%
10Y*
15.13%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CZR vs. IVV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CZR
Caesars Entertainment, Inc.		27.88%-30.01%-28.71%12.69%-55.52%25.93%24.53%64.71%9.23%95.58%
IVV
iShares Core S&P 500 ETF		10.73%17.85%24.93%26.31%-18.16%28.76%18.40%31.07%-4.49%21.75%

Correlation

The correlation between CZR and IVV is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.27

Correlation (3Y)
Calculated over the trailing 3-year period

0.43

Correlation (5Y)
Calculated over the trailing 5-year period

0.55

Correlation (10Y)
Calculated over the trailing 10-year period

0.51

Correlation (All Time)
Calculated using the full available price history since Sep 22, 2014

0.48

Over the past year, the correlation between CZR and IVV has dropped to 0.27 - well below their long-term average of 0.48, suggesting their price drivers have been diverging.

Compare stocks, funds, or ETFs

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Caesars Entertainment, Inc.

iShares Core S&P 500 ETF

Often compared with CZR:
CZR vs. MGMCZR vs. WYNNCZR vs. LVSCZR vs. DKNGCZR vs. BWBCZR vs. SPYCZR vs. XLY
Often compared with IVV:
IVV vs. VOOIVV vs. SPYIVV vs. FXAIXIVV vs. QQQIVV vs. VTIIVV vs. IOOIVV vs. CSPX.L

Return for Risk

CZR vs. IVV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CZR
CZR Risk / Return Rank: 4444
Overall Rank
CZR Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
CZR Sortino Ratio Rank: 4343
Sortino Ratio Rank
CZR Omega Ratio Rank: 4343
Omega Ratio Rank
CZR Calmar Ratio Rank: 4444
Calmar Ratio Rank
CZR Martin Ratio Rank: 4444
Martin Ratio Rank
IVV
IVV Risk / Return Rank: 6666
Overall Rank
IVV Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
IVV Sortino Ratio Rank: 6464
Sortino Ratio Rank
IVV Omega Ratio Rank: 6666
Omega Ratio Rank
IVV Calmar Ratio Rank: 6161
Calmar Ratio Rank
IVV Martin Ratio Rank: 7373
Martin Ratio Rank
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. IVV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Caesars Entertainment, Inc. (CZR) and iShares Core S&P 500 ETF (IVV). 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.

CZRIVVDifference
Sharpe ratioReturn per unit of total volatility
-0.01
1.73

-1.74

Sortino ratioReturn per unit of downside risk
0.37
2.39

-2.02

Omega ratioGain probability vs. loss probability

1.05

1.31

-0.27

Calmar ratioReturn relative to maximum drawdown

-0.01

2.45

-2.46

Martin ratioReturn relative to average drawdown

-0.02

10.67

-10.68

CZR vs. IVV - Sharpe Ratio Comparison

The current CZR Sharpe Ratio is -0.01, which is lower than the IVV Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of CZR and IVV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

CZR vs. IVV - Drawdown Comparison

The maximum CZR drawdown since its inception was -89.78%, which is greater than IVV's maximum drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for CZR and IVV.

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Drawdown Indicators

CZRIVVDifference

Max Drawdown

Largest peak-to-trough decline

-89.78%

-55.25%

-34.53%

Max Drawdown (1Y)

Largest decline over 1 year

-40.23%

-8.89%

-31.34%

Max Drawdown (3Y)

Largest decline over 3 years

-69.45%

-18.75%

-50.70%

Max Drawdown (5Y)

Largest decline over 5 years

-84.82%

-24.53%

-60.29%

Max Drawdown (10Y)

Largest decline over 10 years

-89.78%

-33.90%

-55.88%

Current Drawdown

Current decline from peak

-74.97%

-0.87%

-74.10%

Average Drawdown

Average peak-to-trough decline

-32.26%

-10.74%

-21.52%

Ulcer Index

Depth and duration of drawdowns from previous peaks

19.26%

2.04%

+17.22%

Volatility

CZR vs. IVV - Volatility Comparison

Caesars Entertainment, Inc. (CZR) has a higher volatility of 4.46% compared to iShares Core S&P 500 ETF (IVV) at 3.66%. This indicates that CZR's price experiences larger fluctuations and is considered to be riskier than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CZRIVVDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.46%

3.66%

+0.80%

Volatility (6M)

Calculated over the trailing 6-month period

35.14%

10.06%

+25.08%

Volatility (1Y)

Calculated over the trailing 1-year period

49.84%

12.59%

+37.25%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

52.34%

17.00%

+35.34%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

60.84%

18.04%

+42.80%

Dividends

CZR vs. IVV - Dividend Comparison

CZR has not paid dividends to shareholders, while IVV's dividend yield for the trailing twelve months is around 1.09%.

PositionTTM20252024202320222021202020192018201720162015
CZR
Caesars Entertainment, 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%
IVV
iShares Core S&P 500 ETF		1.09%1.17%1.30%1.44%1.66%1.20%1.57%1.85%2.21%1.75%2.01%2.27%

Frequently Asked Questions

CZR and IVV have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

CZR has higher volatility (4.46%) compared to IVV (3.66%). In terms of maximum drawdown, CZR dropped -89.78% vs IVV's -55.25%.

IVV currently has the higher Sharpe Ratio (1.73 vs -0.01), 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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