HZO vs. ONEW
HZO (MarineMax, Inc.) and ONEW (OneWater Marine Inc.) are both stocks. Both are in the Consumer Cyclical sector — HZO in Specialty Retail, ONEW in Recreational Vehicles. Over the past 5 years, HZO returned -6.04%/yr vs -22.77%/yr for ONEW. A 0.61 correlation means they provide meaningful diversification when combined.
Performance
HZO vs. ONEW - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HZO achieves a 36.61% return, which is significantly higher than ONEW's -0.28% return.
HZO
- 1D
- -2.85%
- 1M
- 1.13%
- YTD
- 36.61%
- 6M
- 35.71%
- 1Y
- 30.88%
- 3Y*
- 2.02%
- 5Y*
- -6.04%
- 10Y*
- 7.71%
ONEW
- 1D
- -5.52%
- 1M
- 4.35%
- YTD
- -0.28%
- 6M
- 2.96%
- 1Y
- -21.75%
- 3Y*
- -31.55%
- 5Y*
- -22.77%
- 10Y*
- —
HZO vs. ONEW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HZO MarineMax, Inc. | 36.61% | -16.30% | -25.58% | 24.60% | -47.12% | 68.54% | 74.98% |
ONEW OneWater Marine Inc. | -0.28% | -37.74% | -48.56% | 18.15% | -53.09% | 118.80% | 93.68% |
Correlation
The correlation between HZO and ONEW is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2020 | 0.61 |
The correlation between HZO and ONEW has been stable across timeframes, ranging from 0.61 to 0.66 - a consistent structural relationship.
Fundamentals
HZO:
$727.69M
ONEW:
$179.27M
HZO:
-$2.92
ONEW:
-$7.45
HZO:
0.32
ONEW:
0.10
HZO:
0.78
ONEW:
0.67
HZO:
$2.24B
ONEW:
$1.84B
HZO:
$732.82M
ONEW:
$422.27M
HZO:
$82.70M
ONEW:
-$103.60M
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
HZO vs. ONEW — Risk / Return Rank
HZO
ONEW
HZO vs. ONEW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MarineMax, Inc. (HZO) and OneWater Marine Inc. (ONEW). 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.
| HZO | ONEW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.95 | ||
| Sortino ratioReturn per unit of downside risk | +1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 0.98 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.30 | -0.42 | +1.72 |
| Martin ratioReturn relative to average drawdown | 3.03 | -0.76 | +3.79 |
Loading charts...
Drawdowns
HZO vs. ONEW - Drawdown Comparison
The maximum HZO drawdown since its inception was -96.75%, which is greater than ONEW's maximum drawdown of -86.30%. Use the drawdown chart below to compare losses from any high point for HZO and ONEW.
Loading charts...
Drawdown Indicators
| HZO | ONEW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.75% | -86.30% | -10.45% |
Max Drawdown (1Y)Largest decline over 1 year | -23.85% | -52.18% | +28.33% |
Max Drawdown (3Y)Largest decline over 3 years | -56.62% | -78.18% | +21.56% |
Max Drawdown (5Y)Largest decline over 5 years | -70.10% | -86.30% | +16.20% |
Max Drawdown (10Y)Largest decline over 10 years | -73.44% | — | — |
Current DrawdownCurrent decline from peak | -50.21% | -82.30% | +32.09% |
Average DrawdownAverage peak-to-trough decline | -46.33% | -46.38% | +0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.22% | 28.49% | -18.27% |
Volatility
HZO vs. ONEW - Volatility Comparison
The current volatility for MarineMax, Inc. (HZO) is 11.61%, while OneWater Marine Inc. (ONEW) has a volatility of 14.98%. This indicates that HZO experiences smaller price fluctuations and is considered to be less risky than ONEW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HZO | ONEW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.61% | 14.98% | -3.37% |
Volatility (6M)Calculated over the trailing 6-month period | 36.23% | 42.88% | -6.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.61% | 56.63% | -2.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.63% | 55.01% | -2.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.19% | 64.86% | -9.67% |
Dividends
HZO vs. ONEW - Dividend Comparison
Neither HZO nor ONEW has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
HZO MarineMax, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ONEW OneWater Marine Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 2.95% |
Financials
HZO vs. ONEW - Financials Comparison
This section allows you to compare key financial metrics between MarineMax, Inc. and OneWater Marine 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
HZO vs. ONEW - Profitability Comparison
HZO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, MarineMax, Inc. reported a gross profit of 181.29M and revenue of 527.41M. Therefore, the gross margin over that period was 34.4%.
ONEW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, OneWater Marine Inc. reported a gross profit of 105.53M and revenue of 442.29M. Therefore, the gross margin over that period was 23.9%.
HZO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, MarineMax, Inc. reported an operating income of 10.84M and revenue of 527.41M, resulting in an operating margin of 2.1%.
ONEW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, OneWater Marine Inc. reported an operating income of 7.64M and revenue of 442.29M, resulting in an operating margin of 1.7%.
HZO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, MarineMax, Inc. reported a net income of -2.60M and revenue of 527.41M, resulting in a net margin of -0.5%.
ONEW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, OneWater Marine Inc. reported a net income of -12.90M and revenue of 442.29M, resulting in a net margin of -2.9%.
Frequently Asked Questions
HZO and ONEW have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ONEW has higher volatility (14.98%) compared to HZO (11.61%). In terms of maximum drawdown, HZO dropped -96.75% vs ONEW's -86.30%.
HZO currently has the higher Sharpe Ratio (0.57 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.
Find the right allocation for HZO and ONEW
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