CZR vs. MGM
CZR (Caesars Entertainment, Inc.) and MGM (MGM Resorts International) are both stocks. Both operate in the Resorts & Casinos industry within the Consumer Cyclical sector. Over the past 10 years, CZR returned 6.99%/yr vs 7.83%/yr for MGM. A 0.58 correlation means they provide meaningful diversification when combined.
Performance
CZR vs. MGM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CZR achieves a 24.75% return, which is significantly lower than MGM's 32.37% return. Over the past 10 years, CZR has underperformed MGM with an annualized return of 6.99%, while MGM has yielded a comparatively higher 7.83% annualized return.
CZR
- 1D
- -0.14%
- 1M
- 6.46%
- YTD
- 24.75%
- 6M
- 24.06%
- 1Y
- 10.24%
- 3Y*
- -13.36%
- 5Y*
- -23.40%
- 10Y*
- 6.99%
MGM
- 1D
- -0.12%
- 1M
- 26.31%
- YTD
- 32.37%
- 6M
- 35.90%
- 1Y
- 51.13%
- 3Y*
- 5.86%
- 5Y*
- 2.47%
- 10Y*
- 7.83%
CZR vs. MGM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CZR Caesars Entertainment, Inc. | 24.75% | -30.01% | -28.71% | 12.69% | -55.52% | 25.93% | 24.53% | 64.71% | 9.23% | 95.58% |
MGM MGM Resorts International | 32.37% | 5.31% | -22.45% | 33.25% | -25.27% | 42.47% | -4.56% | 39.69% | -26.16% | 17.48% |
Correlation
The correlation between CZR and MGM is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Sep 23, 2014 | 0.58 |
The correlation between CZR and MGM shifts across timeframes, from 0.58 (all time) to 0.72 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
CZR:
$5.95B
MGM:
$12.50B
CZR:
-$2.36
MGM:
$0.68
CZR:
0.52
MGM:
0.73
CZR:
1.65
MGM:
5.14
CZR:
$11.56B
MGM:
$17.72B
CZR:
$3.64B
MGM:
$5.83B
CZR:
$2.30B
MGM:
$1.37B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CZR vs. MGM — Risk / Return Rank
CZR
MGM
CZR vs. MGM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Caesars Entertainment, Inc. (CZR) and MGM Resorts International (MGM). 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 | MGM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.20 | 1.26 | -1.07 |
Sortino ratioReturn per unit of downside risk | 0.69 | 2.14 | -1.45 |
Omega ratioGain probability vs. loss probability | 1.08 | 1.25 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 0.24 | 2.26 | -2.02 |
Martin ratioReturn relative to average drawdown | 0.47 | 4.85 | -4.38 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| CZR | MGM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.20 | 1.26 | -1.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.45 | 0.06 | -0.51 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.12 | 0.17 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.16 | +0.14 |
Drawdowns
CZR vs. MGM - Drawdown Comparison
The maximum CZR drawdown since its inception was -89.78%, smaller than the maximum MGM drawdown of -98.11%. Use the drawdown chart below to compare losses from any high point for CZR and MGM.
Loading charts...
Drawdown Indicators
| CZR | MGM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.78% | -98.11% | +8.33% |
Max Drawdown (1Y)Largest decline over 1 year | -42.43% | -22.76% | -19.67% |
Max Drawdown (3Y)Largest decline over 3 years | -69.45% | -49.33% | -20.12% |
Max Drawdown (5Y)Largest decline over 5 years | -84.82% | -49.33% | -35.49% |
Max Drawdown (10Y)Largest decline over 10 years | -89.78% | -80.42% | -9.36% |
Current DrawdownCurrent decline from peak | -75.58% | -48.74% | -26.84% |
Average DrawdownAverage peak-to-trough decline | -31.60% | -46.42% | +14.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.70% | 10.56% | +11.14% |
Volatility
CZR vs. MGM - Volatility Comparison
The current volatility for Caesars Entertainment, Inc. (CZR) is 11.75%, while MGM Resorts International (MGM) has a volatility of 19.23%. This indicates that CZR experiences smaller price fluctuations and is considered to be less risky than MGM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CZR | MGM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.75% | 19.23% | -7.48% |
Volatility (6M)Calculated over the trailing 6-month period | 37.06% | 31.58% | +5.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.35% | 40.70% | +11.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.54% | 40.46% | +12.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.89% | 45.82% | +15.07% |
Dividends
CZR vs. MGM - Dividend Comparison
Neither CZR nor MGM has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CZR Caesars Entertainment, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MGM MGM Resorts International | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.02% | 0.50% | 1.56% | 1.98% | 1.32% |
Financials
CZR vs. MGM - Financials Comparison
This section allows you to compare key financial metrics between Caesars Entertainment, Inc. and MGM Resorts International. 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. MGM - 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%.
MGM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, MGM Resorts International reported a gross profit of 0.00 and revenue of 4.45B. Therefore, the gross margin over that period was 0.0%.
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%.
MGM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, MGM Resorts International reported an operating income of 301.24M and revenue of 4.45B, resulting in an operating margin of 6.8%.
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%.
MGM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, MGM Resorts International reported a net income of 125.14M and revenue of 4.45B, resulting in a net margin of 2.8%.
Frequently Asked Questions
CZR and MGM have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MGM has higher volatility (19.23%) compared to CZR (11.75%). In terms of maximum drawdown, CZR dropped -89.78% vs MGM's -98.11%.
MGM currently has the higher Sharpe Ratio (1.26 vs 0.20), 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.
Find the right allocation for CZR and MGM
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer