PAG vs. AZO
PAG (Penske Automotive Group, Inc.) and AZO (AutoZone, Inc.) are both stocks. Both are in the Consumer Cyclical sector — PAG in Auto & Truck Dealerships, AZO in Specialty Retail. Over the past 10 years, PAG returned 21.12%/yr vs 14.37%/yr for AZO. At a 0.32 correlation, their price movements are largely independent.
Performance
PAG vs. AZO - Performance Comparison
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Returns By Period
In the year-to-date period, PAG achieves a 12.49% return, which is significantly higher than AZO's -13.05% return. Over the past 10 years, PAG has outperformed AZO with an annualized return of 21.12%, while AZO has yielded a comparatively lower 14.37% annualized return.
PAG
- 1D
- -0.11%
- 1M
- 7.16%
- YTD
- 12.49%
- 6M
- 7.55%
- 1Y
- 4.29%
- 3Y*
- 6.29%
- 5Y*
- 21.59%
- 10Y*
- 21.12%
AZO
- 1D
- -3.77%
- 1M
- -13.43%
- YTD
- -13.05%
- 6M
- -13.61%
- 1Y
- -19.32%
- 3Y*
- 6.76%
- 5Y*
- 15.37%
- 10Y*
- 14.37%
PAG vs. AZO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PAG Penske Automotive Group, Inc. | 12.49% | 7.13% | -2.54% | 42.29% | 9.22% | 84.36% | 20.12% | 28.91% | -13.21% | -5.10% |
AZO AutoZone, Inc. | -13.05% | 5.92% | 23.84% | 4.84% | 17.64% | 76.84% | -0.49% | 42.10% | 17.85% | -9.93% |
Correlation
The correlation between PAG and AZO 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 | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 1996 | 0.32 |
Fundamentals
PAG:
$11.52B
AZO:
$49.70B
PAG:
$13.40
AZO:
$145.27
PAG:
13.06
AZO:
20.30
PAG:
0.37
AZO:
2.52
PAG:
$30.99B
AZO:
$19.99B
PAG:
$5.09B
AZO:
$10.34B
PAG:
$1.53B
AZO:
$4.26B
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Return for Risk
PAG vs. AZO — Risk / Return Rank
PAG
AZO
PAG vs. AZO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Penske Automotive Group, Inc. (PAG) 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.
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.
| PAG | AZO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.87 | ||
| Sortino ratioReturn per unit of downside risk | +1.27 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 0.90 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.18 | -0.59 | +0.77 |
| Martin ratioReturn relative to average drawdown | 0.37 | -1.21 | +1.58 |
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Drawdowns
PAG vs. AZO - Drawdown Comparison
The maximum PAG drawdown since its inception was -83.34%, which is greater than AZO's maximum drawdown of -46.32%. Use the drawdown chart below to compare losses from any high point for PAG and AZO.
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Drawdown Indicators
| PAG | AZO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.34% | -46.32% | -37.02% |
Max Drawdown (1Y)Largest decline over 1 year | -24.03% | -32.59% | +8.56% |
Max Drawdown (3Y)Largest decline over 3 years | -24.03% | -32.59% | +8.56% |
Max Drawdown (5Y)Largest decline over 5 years | -24.03% | -32.59% | +8.56% |
Max Drawdown (10Y)Largest decline over 10 years | -59.98% | -42.14% | -17.84% |
Current DrawdownCurrent decline from peak | -4.62% | -32.28% | +27.66% |
Average DrawdownAverage peak-to-trough decline | -23.81% | -10.90% | -12.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.56% | 16.05% | -4.49% |
Volatility
PAG vs. AZO - Volatility Comparison
The current volatility for Penske Automotive Group, Inc. (PAG) is 8.58%, while AutoZone, Inc. (AZO) has a volatility of 11.77%. This indicates that PAG experiences smaller price fluctuations and is considered to be less risky than AZO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PAG | AZO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.58% | 11.77% | -3.19% |
Volatility (6M)Calculated over the trailing 6-month period | 19.74% | 22.00% | -2.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.42% | 27.55% | -1.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.16% | 24.52% | +7.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.84% | 26.53% | +9.31% |
Dividends
PAG vs. AZO - Dividend Comparison
PAG's dividend yield for the trailing twelve months is around 3.15%, while AZO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AZO AutoZone, 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% |
PAG Penske Automotive Group, Inc. | 3.15% | 3.27% | 2.68% | 1.73% | 1.80% | 1.66% | 1.41% | 3.15% | 3.52% | 2.63% | 2.12% | 2.22% |
Financials
PAG vs. AZO - Financials Comparison
This section allows you to compare key financial metrics between Penske Automotive Group, Inc. and AutoZone, 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
PAG vs. AZO - Profitability Comparison
PAG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Penske Automotive Group, Inc. reported a gross profit of 1.30B and revenue of 7.86B. Therefore, the gross margin over that period was 16.5%.
AZO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, AutoZone, Inc. reported a gross profit of 2.52B and revenue of 4.84B. Therefore, the gross margin over that period was 52.2%.
PAG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Penske Automotive Group, Inc. reported an operating income of 289.00M and revenue of 7.86B, resulting in an operating margin of 3.7%.
AZO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, AutoZone, Inc. reported an operating income of 923.76M and revenue of 4.84B, resulting in an operating margin of 19.1%.
PAG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Penske Automotive Group, Inc. reported a net income of 234.50M and revenue of 7.86B, resulting in a net margin of 3.0%.
AZO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, AutoZone, Inc. reported a net income of 641.49M and revenue of 4.84B, resulting in a net margin of 13.3%.
Frequently Asked Questions
PAG and AZO 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.
AZO has higher volatility (11.77%) compared to PAG (8.58%). In terms of maximum drawdown, PAG dropped -83.34% vs AZO's -46.32%.
PAG currently has the higher Sharpe Ratio (0.16 vs -0.71), 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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