MZTI vs. HTO
MZTI (The Marzetti Company) and HTO (H2O America) are both stocks. MZTI operates in Packaged Foods (Consumer Defensive), while HTO operates in Utilities - Regulated Water (Utilities). Over the past 10 years, MZTI returned 1.01%/yr vs 6.53%/yr for HTO. At a 0.29 correlation, their price movements are largely independent.
Performance
MZTI vs. HTO - Performance Comparison
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Returns By Period
In the year-to-date period, MZTI achieves a -31.06% return, which is significantly lower than HTO's 18.36% return. Over the past 10 years, MZTI has underperformed HTO with an annualized return of 1.01%, while HTO has yielded a comparatively higher 6.53% annualized return.
MZTI
- 1D
- 1.96%
- 1M
- -1.38%
- YTD
- -31.06%
- 6M
- -32.10%
- 1Y
- -32.22%
- 3Y*
- -14.22%
- 5Y*
- -8.84%
- 10Y*
- 1.01%
HTO
- 1D
- 0.74%
- 1M
- 0.96%
- YTD
- 18.36%
- 6M
- 18.21%
- 1Y
- 10.33%
- 3Y*
- -4.86%
- 5Y*
- -0.18%
- 10Y*
- 6.53%
MZTI vs. HTO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MZTI The Marzetti Company | -31.06% | -2.93% | 6.10% | -14.02% | 21.59% | -8.26% | 16.75% | -7.88% | 39.22% | -6.99% |
HTO H2O America | 18.36% | 2.92% | -22.57% | -17.78% | 13.40% | 7.66% | -0.43% | 30.19% | -11.20% | 16.22% |
Correlation
The correlation between MZTI and HTO is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 1990 | 0.29 |
The correlation between MZTI and HTO shifts across timeframes, from 0.26 (1 year) to 0.38 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
MZTI:
$3.06B
HTO:
$2.20B
MZTI:
$6.41
HTO:
$2.90
MZTI:
17.42
HTO:
19.70
MZTI:
1.98
HTO:
2.04
MZTI:
1.58
HTO:
2.54
MZTI:
2.92
HTO:
1.20
MZTI:
$1.94B
HTO:
$816.28M
MZTI:
$469.39M
HTO:
$335.79M
MZTI:
$296.24M
HTO:
$273.35M
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Return for Risk
MZTI vs. HTO — Risk / Return Rank
MZTI
HTO
MZTI vs. HTO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Marzetti Company (MZTI) and H2O America (HTO). 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.
| MZTI | HTO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.65 | ||
| Sortino ratioReturn per unit of downside risk | -2.51 | ||
| Omega ratioGain probability vs. loss probability | 0.79 | 1.09 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | 0.64 | -1.40 |
| Martin ratioReturn relative to average drawdown | -1.75 | 1.48 | -3.23 |
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Drawdowns
MZTI vs. HTO - Drawdown Comparison
The maximum MZTI drawdown since its inception was -54.66%, roughly equal to the maximum HTO drawdown of -54.53%. Use the drawdown chart below to compare losses from any high point for MZTI and HTO.
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Drawdown Indicators
| MZTI | HTO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.66% | -54.53% | -0.13% |
Max Drawdown (1Y)Largest decline over 1 year | -42.74% | -16.19% | -26.55% |
Max Drawdown (3Y)Largest decline over 3 years | -46.47% | -35.14% | -11.33% |
Max Drawdown (5Y)Largest decline over 5 years | -48.22% | -42.85% | -5.37% |
Max Drawdown (10Y)Largest decline over 10 years | -48.22% | -42.85% | -5.37% |
Current DrawdownCurrent decline from peak | -45.20% | -24.64% | -20.56% |
Average DrawdownAverage peak-to-trough decline | -11.67% | -15.90% | +4.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.47% | 6.98% | +11.49% |
Volatility
MZTI vs. HTO - Volatility Comparison
The current volatility for The Marzetti Company (MZTI) is 5.80%, while H2O America (HTO) has a volatility of 6.85%. This indicates that MZTI experiences smaller price fluctuations and is considered to be less risky than HTO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MZTI | HTO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.80% | 6.85% | -1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 20.47% | 16.54% | +3.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.84% | 23.12% | +3.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.73% | 24.06% | +3.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.69% | 29.56% | -1.87% |
Dividends
MZTI vs. HTO - Dividend Comparison
MZTI's dividend yield for the trailing twelve months is around 3.54%, more than HTO's 3.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HTO H2O America | 3.01% | 3.43% | 3.25% | 2.33% | 1.77% | 1.86% | 1.85% | 1.69% | 2.01% | 1.63% | 1.45% | 2.63% |
MZTI The Marzetti Company | 3.54% | 2.34% | 2.11% | 2.07% | 1.65% | 1.84% | 1.55% | 1.66% | 1.39% | 1.74% | 1.45% | 5.96% |
Financials
MZTI vs. HTO - Financials Comparison
This section allows you to compare key financial metrics between The Marzetti Company and H2O America. 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
MZTI vs. HTO - Profitability Comparison
MZTI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Marzetti Company reported a gross profit of 107.22M and revenue of 453.37M. Therefore, the gross margin over that period was 23.7%.
HTO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, H2O America reported a gross profit of 0.00 and revenue of 183.29M. Therefore, the gross margin over that period was 0.0%.
MZTI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Marzetti Company reported an operating income of 46.58M and revenue of 453.37M, resulting in an operating margin of 10.3%.
HTO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, H2O America reported an operating income of 37.43M and revenue of 183.29M, resulting in an operating margin of 20.4%.
MZTI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Marzetti Company reported a net income of 37.06M and revenue of 453.37M, resulting in a net margin of 8.2%.
HTO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, H2O America reported a net income of 19.01M and revenue of 183.29M, resulting in a net margin of 10.4%.
Frequently Asked Questions
MZTI and HTO have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HTO has higher volatility (6.85%) compared to MZTI (5.80%). In terms of maximum drawdown, MZTI dropped -54.66% vs HTO's -54.53%.
HTO currently has the higher Sharpe Ratio (0.45 vs -1.20), 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.
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