FUN vs. HALO

Last updated Jun 13, 2026

FUN (Cedar Fair, L.P.) and HALO (Halozyme Therapeutics, Inc.) are both stocks. FUN operates in Leisure (Consumer Cyclical), while HALO operates in Biotechnology (Healthcare). Over the past 10 years, FUN returned -5.82%/yr vs 22.84%/yr for HALO. At a 0.19 correlation, their price movements are largely independent.

Performance

FUN vs. HALO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cedar Fair, L.P. (FUN) and Halozyme Therapeutics, Inc. (HALO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FUN achieves a 52.80% return, which is significantly higher than HALO's 3.27% return. Over the past 10 years, FUN has underperformed HALO with an annualized return of -5.82%, while HALO has yielded a comparatively higher 22.84% annualized return.

FUN

• 1D: -3.90%
• 1M: 9.94%
• YTD: 52.80%
• 6M: 57.21%
• 1Y: -21.53%
• 3Y*: -16.99%
• 5Y*: -11.16%
• 10Y*: -5.82%

HALO

• 1D: -1.74%
• 1M: 3.55%
• YTD: 3.27%
• 6M: 11.72%
• 1Y: 28.75%
• 3Y*: 27.10%
• 5Y*: 10.19%
• 10Y*: 22.84%

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

FUN vs. HALO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FUN Cedar Fair, L.P.	52.80%	-68.17%	26.39%	-0.96%	-16.23%	27.25%	-27.49%	25.65%	-22.66%	6.45%
HALO Halozyme Therapeutics, Inc.	3.27%	40.77%	29.36%	-35.04%	41.51%	-5.85%	140.89%	21.19%	-27.79%	105.06%

Correlation

The correlation between FUN and HALO is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.06
Correlation (3Y) Calculated over the trailing 3-year period	0.14
Correlation (5Y) Calculated over the trailing 5-year period	0.19
Correlation (10Y) Calculated over the trailing 10-year period	0.17
Correlation (All Time) Calculated using the full available price history since Mar 16, 2004	0.19

The correlation between FUN and HALO shifts across timeframes, from 0.06 (1 year) to 0.19 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap FUN : $2.38B HALO : $8.54B
EPS FUN : -$16.06 HALO : $2.87
PS Ratio FUN : 0.82 HALO : 5.61
PB Ratio FUN : 0.26 HALO : 38.88
Total Revenue (TTM) FUN : $2.90B HALO : $1.51B
Gross Profit (TTM) FUN : $1.59B HALO : $1.23B
EBITDA (TTM) FUN : -$733.45M HALO : $980.05M

Return for Risk

FUN vs. HALO — Risk / Return Rank

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

FUN

FUN Risk / Return Rank: 28
FUN Sharpe Ratio Rank: 26
FUN Sortino Ratio Rank: 28
FUN Omega Ratio Rank: 28
FUN Calmar Ratio Rank: 28
FUN Martin Ratio Rank: 31

HALO

HALO Risk / Return Rank: 66
HALO Sharpe Ratio Rank: 71
HALO Sortino Ratio Rank: 66
HALO Omega Ratio Rank: 64
HALO Calmar Ratio Rank: 66
HALO Martin Ratio Rank: 64

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.

FUN vs. HALO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cedar Fair, L.P. (FUN) and Halozyme Therapeutics, Inc. (HALO). 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.

	FUN	HALO	Difference
Sharpe ratio: Return per unit of total volatility	-0.39	0.91	-1.31
Sortino ratio: Return per unit of downside risk	-0.17	1.41	-1.57
Omega ratio: Gain probability vs. loss probability	0.98	1.17	-0.19
Calmar ratio: Return relative to maximum drawdown	-0.43	1.14	-1.57
Martin ratio: Return relative to average drawdown	-0.66	2.16	-2.82

FUN vs. HALO - Sharpe Ratio Comparison

The current FUN Sharpe Ratio is -0.39, which is lower than the HALO Sharpe Ratio of 0.91. The chart below compares the historical Sharpe Ratios of FUN and HALO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FUN vs. HALO - Drawdown Comparison

The maximum FUN drawdown since its inception was -77.75%, roughly equal to the maximum HALO drawdown of -74.26%. Use the drawdown chart below to compare losses from any high point for FUN and HALO.

Drawdown Indicators

	FUN	HALO	Difference
Max Drawdown Largest peak-to-trough decline	-77.75%	-74.26%	-3.49%
Max Drawdown (1Y) Largest decline over 1 year	-61.05%	-24.13%	-36.92%
Max Drawdown (3Y) Largest decline over 3 years	-77.74%	-33.92%	-43.82%
Max Drawdown (5Y) Largest decline over 5 years	-77.74%	-49.06%	-28.68%
Max Drawdown (10Y) Largest decline over 10 years	-77.75%	-49.06%	-28.69%
Current Drawdown Current decline from peak	-59.33%	-14.44%	-44.89%
Average Drawdown Average peak-to-trough decline	-19.87%	-31.88%	+12.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	39.79%	12.73%	+27.06%

Volatility

FUN vs. HALO - Volatility Comparison

Cedar Fair, L.P. (FUN) has a higher volatility of 15.26% compared to Halozyme Therapeutics, Inc. (HALO) at 8.94%. This indicates that FUN's price experiences larger fluctuations and is considered to be riskier than HALO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FUN	HALO	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.26%	8.94%	+6.32%
Volatility (6M) Calculated over the trailing 6-month period	44.94%	24.02%	+20.92%
Volatility (1Y) Calculated over the trailing 1-year period	66.85%	30.20%	+36.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.02%	39.42%	+4.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.15%	42.88%	+2.27%

Dividends

FUN vs. HALO - Dividend Comparison

Neither FUN nor HALO has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FUN Cedar Fair, L.P.	0.00%	0.00%	4.42%	3.02%	1.45%	0.00%	2.38%	6.69%	7.60%	5.32%	5.19%	5.51%
HALO Halozyme Therapeutics, 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%

Financials

Frequently Asked Questions

Can I hold both FUN and HALO in my portfolio?

FUN and HALO have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FUN or HALO?

FUN has higher volatility (15.26%) compared to HALO (8.94%). In terms of maximum drawdown, FUN dropped -77.75% vs HALO's -74.26%.

Which has better risk-adjusted returns?

HALO currently has the higher Sharpe Ratio (0.91 vs -0.39), 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.