HALO vs. FUN

Last updated Jun 13, 2026

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

Performance

HALO vs. FUN - Performance Comparison

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

Returns By Period

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

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%

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%

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

HALO vs. FUN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HALO Halozyme Therapeutics, Inc.	3.27%	40.77%	29.36%	-35.04%	41.51%	-5.85%	140.89%	21.19%	-27.79%	105.06%
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%

Correlation

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

Fundamentals

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

Return for Risk

HALO vs. FUN — Risk / Return Rank

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

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

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

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.

HALO vs. FUN - Risk-Adjusted Trends Comparison

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

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

HALO vs. FUN - Sharpe Ratio Comparison

The current HALO Sharpe Ratio is 0.91, which is higher than the FUN Sharpe Ratio of -0.39. The chart below compares the historical Sharpe Ratios of HALO and FUN, 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

HALO vs. FUN - Drawdown Comparison

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

Drawdown Indicators

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

Volatility

HALO vs. FUN - Volatility Comparison

The current volatility for Halozyme Therapeutics, Inc. (HALO) is 8.94%, while Cedar Fair, L.P. (FUN) has a volatility of 15.26%. This indicates that HALO experiences smaller price fluctuations and is considered to be less risky than FUN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

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

Dividends

HALO vs. FUN - Dividend Comparison

Neither HALO nor FUN 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 HALO and FUN in my portfolio?

HALO and FUN 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, HALO or FUN?

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

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.