NEOV vs. AZO

Last updated Jun 4, 2026

NEOV (NeoVolta Inc. Common Stock) and AZO (AutoZone, Inc.) are both stocks. NEOV operates in Electrical Equipment & Parts (Industrials), while AZO operates in Specialty Retail (Consumer Cyclical). Over the past 5 years, NEOV returned -22.15%/yr vs 17.16%/yr for AZO. At a 0.04 correlation, their price movements are largely independent.

Performance

NEOV vs. AZO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NeoVolta Inc. Common Stock (NEOV) and AutoZone, Inc. (AZO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NEOV achieves a -35.86% return, which is significantly lower than AZO's -9.73% return.

NEOV

• 1D: -7.14%
• 1M: -24.42%
• YTD: -35.86%
• 6M: -53.01%
• 1Y: -40.91%
• 3Y*: -11.57%
• 5Y*: -22.15%
• 10Y*: —

AZO

• 1D: 1.07%
• 1M: -12.08%
• YTD: -9.73%
• 6M: -19.91%
• 1Y: -18.31%
• 3Y*: 8.74%
• 5Y*: 17.16%
• 10Y*: 14.93%

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

NEOV vs. AZO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
NEOV NeoVolta Inc. Common Stock	-35.86%	-41.65%	225.62%	-42.65%	-60.20%	60.78%	237.98%
AZO AutoZone, Inc.	-9.73%	5.92%	23.84%	4.84%	17.64%	76.84%	6.51%

Correlation

The correlation between NEOV and AZO 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	0.06
Correlation (5Y) Calculated over the trailing 5-year period	0.04
Correlation (All Time) Calculated using the full available price history since May 21, 2020	0.04

Fundamentals

Market Cap NEOV : $78.37M AZO : $51.59B
EPS NEOV : -$0.32 AZO : $145.27
PS Ratio NEOV : 4.36 AZO : 2.61
Total Revenue (TTM) NEOV : $16.05M AZO : $19.99B
Gross Profit (TTM) NEOV : $3.74M AZO : $10.34B
EBITDA (TTM) NEOV : -$9.07M AZO : $4.26B

Return for Risk

NEOV vs. AZO — Risk / Return Rank

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

NEOV

NEOV Risk / Return Rank: 28
NEOV Sharpe Ratio Rank: 27
NEOV Sortino Ratio Rank: 37
NEOV Omega Ratio Rank: 37
NEOV Calmar Ratio Rank: 22
NEOV Martin Ratio Rank: 16

AZO

AZO Risk / Return Rank: 15
AZO Sharpe Ratio Rank: 12
AZO Sortino Ratio Rank: 14
AZO Omega Ratio Rank: 14
AZO Calmar Ratio Rank: 21
AZO Martin Ratio Rank: 12

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.

NEOV vs. AZO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NeoVolta Inc. Common Stock (NEOV) and AutoZone, Inc. (AZO). 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.

	NEOV	AZO	Difference
Sharpe ratio Return per unit of total volatility	-0.34	-0.68	+0.34
Sortino ratio Return per unit of downside risk	0.27	-0.79	+1.06
Omega ratio Gain probability vs. loss probability	1.03	0.90	+0.13
Calmar ratio Return relative to maximum drawdown	-0.56	-0.56	+0.01
Martin ratio Return relative to average drawdown	-1.17	-1.24	+0.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NEOV vs. AZO - Sharpe Ratio Comparison

The current NEOV Sharpe Ratio is -0.34, which is higher than the AZO Sharpe Ratio of -0.68. The chart below compares the historical Sharpe Ratios of NEOV and AZO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NEOV	AZO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.34	-0.68	+0.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.24	0.71	-0.94
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.57	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.08	0.62	-0.54

Drawdowns

NEOV vs. AZO - Drawdown Comparison

The maximum NEOV drawdown since its inception was -90.38%, which is greater than AZO's maximum drawdown of -46.32%. Use the drawdown chart below to compare losses from any high point for NEOV and AZO.

Drawdown Indicators

	NEOV	AZO	Difference
Max Drawdown Largest peak-to-trough decline	-90.38%	-46.32%	-44.06%
Max Drawdown (1Y) Largest decline over 1 year	-73.60%	-32.59%	-41.01%
Max Drawdown (3Y) Largest decline over 3 years	-84.32%	-32.59%	-51.73%
Max Drawdown (5Y) Largest decline over 5 years	-90.38%	-32.59%	-57.79%
Max Drawdown (10Y) Largest decline over 10 years	—	-42.14%	—
Current Drawdown Current decline from peak	-72.80%	-29.69%	-43.11%
Average Drawdown Average peak-to-trough decline	-38.85%	-10.87%	-27.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	34.99%	14.75%	+20.24%

Volatility

NEOV vs. AZO - Volatility Comparison

NeoVolta Inc. Common Stock (NEOV) has a higher volatility of 71.61% compared to AutoZone, Inc. (AZO) at 11.45%. This indicates that NEOV's price experiences larger fluctuations and is considered to be riskier than AZO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NEOV	AZO	Difference
Volatility (1M) Calculated over the trailing 1-month period	71.61%	11.45%	+60.16%
Volatility (6M) Calculated over the trailing 6-month period	103.23%	23.04%	+80.19%
Volatility (1Y) Calculated over the trailing 1-year period	122.02%	27.09%	+94.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	93.68%	24.44%	+69.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	86.63%	26.47%	+60.16%

Dividends

NEOV vs. AZO - Dividend Comparison

Neither NEOV nor AZO has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both NEOV and AZO in my portfolio?

NEOV and AZO 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, NEOV or AZO?

NEOV has higher volatility (71.61%) compared to AZO (11.45%). In terms of maximum drawdown, NEOV dropped -90.38% vs AZO's -46.32%.

Which has better risk-adjusted returns?

NEOV currently has the higher Sharpe Ratio (-0.34 vs -0.68), 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.