PZG vs. KMX

Last updated Jun 3, 2026

PZG (Paramount Gold Nevada Corp.) and KMX (CarMax, Inc.) are both stocks. PZG operates in Gold (Basic Materials), while KMX operates in Auto & Truck Dealerships (Consumer Cyclical). Over the past 10 years, PZG returned -0.30%/yr vs -1.12%/yr for KMX. At a 0.08 correlation, their price movements are largely independent.

Performance

PZG vs. KMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Paramount Gold Nevada Corp. (PZG) and CarMax, Inc. (KMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PZG achieves a 10.32% return, which is significantly lower than KMX's 19.13% return. Over the past 10 years, PZG has outperformed KMX with an annualized return of -0.30%, while KMX has yielded a comparatively lower -1.12% annualized return.

PZG

• 1D: 2.21%
• 1M: -3.47%
• YTD: 10.32%
• 6M: 18.80%
• 1Y: 135.59%
• 3Y*: 68.61%
• 5Y*: 5.97%
• 10Y*: -0.30%

KMX

• 1D: 4.78%
• 1M: 24.81%
• YTD: 19.13%
• 6M: 17.97%
• 1Y: -30.52%
• 3Y*: -14.89%
• 5Y*: -16.60%
• 10Y*: -1.12%

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

PZG vs. KMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PZG Paramount Gold Nevada Corp.	10.32%	268.42%	-8.80%	8.70%	-50.62%	-40.29%	51.28%	-6.82%	-36.15%	-26.97%
KMX CarMax, Inc.	19.13%	-52.74%	6.54%	26.03%	-53.24%	37.87%	7.74%	39.76%	-2.18%	-0.40%

Correlation

The correlation between PZG and KMX is -0.04, 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	-0.04
Correlation (3Y) Calculated over the trailing 3-year period	-0.03
Correlation (5Y) Calculated over the trailing 5-year period	0.03
Correlation (10Y) Calculated over the trailing 10-year period	0.02
Correlation (All Time) Calculated using the full available price history since May 9, 2006	0.08

The correlation between PZG and KMX shifts across timeframes, from -0.04 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap PZG : $115.56M KMX : $6.79B
EPS PZG : -$0.09 KMX : $1.66
PB Ratio PZG : 3.27 KMX : 1.15
Total Revenue (TTM) PZG : $0.00 KMX : $25.88B
Gross Profit (TTM) PZG : -$892.14K KMX : $2.81B
EBITDA (TTM) PZG : -$11.01M KMX : $768.58M

Return for Risk

PZG vs. KMX — Risk / Return Rank

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

PZG

PZG Risk / Return Rank: 82
PZG Sharpe Ratio Rank: 86
PZG Sortino Ratio Rank: 84
PZG Omega Ratio Rank: 80
PZG Calmar Ratio Rank: 81
PZG Martin Ratio Rank: 80

KMX

KMX Risk / Return Rank: 20
KMX Sharpe Ratio Rank: 16
KMX Sortino Ratio Rank: 19
KMX Omega Ratio Rank: 17
KMX Calmar Ratio Rank: 21
KMX Martin Ratio Rank: 24

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.

PZG vs. KMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Paramount Gold Nevada Corp. (PZG) and CarMax, Inc. (KMX). 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.

	PZG	KMX	Difference
Sharpe ratio Return per unit of total volatility	1.91	-0.58	+2.49
Sortino ratio Return per unit of downside risk	2.67	-0.50	+3.16
Omega ratio Gain probability vs. loss probability	1.31	0.92	+0.39
Calmar ratio Return relative to maximum drawdown	2.94	-0.54	+3.48
Martin ratio Return relative to average drawdown	7.04	-0.85	+7.90
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PZG vs. KMX - Sharpe Ratio Comparison

The current PZG Sharpe Ratio is 1.91, which is higher than the KMX Sharpe Ratio of -0.58. The chart below compares the historical Sharpe Ratios of PZG and KMX, 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

	PZG	KMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.91	-0.58	+2.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.10	-0.38	+0.47
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.01	-0.03	+0.02
Sharpe Ratio (All Time) Calculated using the full available price history	-0.07	0.10	-0.18

Drawdowns

PZG vs. KMX - Drawdown Comparison

The maximum PZG drawdown since its inception was -93.81%, roughly equal to the maximum KMX drawdown of -93.19%. Use the drawdown chart below to compare losses from any high point for PZG and KMX.

Drawdown Indicators

	PZG	KMX	Difference
Max Drawdown Largest peak-to-trough decline	-93.81%	-93.19%	-0.62%
Max Drawdown (1Y) Largest decline over 1 year	-51.31%	-56.85%	+5.54%
Max Drawdown (3Y) Largest decline over 3 years	-51.31%	-65.38%	+14.07%
Max Drawdown (5Y) Largest decline over 5 years	-74.05%	-80.06%	+6.01%
Max Drawdown (10Y) Largest decline over 10 years	-90.14%	-80.06%	-10.08%
Current Drawdown Current decline from peak	-68.55%	-70.27%	+1.72%
Average Drawdown Average peak-to-trough decline	-68.57%	-31.72%	-36.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.42%	35.85%	-14.43%

Volatility

PZG vs. KMX - Volatility Comparison

Paramount Gold Nevada Corp. (PZG) has a higher volatility of 15.88% compared to CarMax, Inc. (KMX) at 12.90%. This indicates that PZG's price experiences larger fluctuations and is considered to be riskier than KMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PZG	KMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.88%	12.90%	+2.98%
Volatility (6M) Calculated over the trailing 6-month period	56.82%	34.42%	+22.40%
Volatility (1Y) Calculated over the trailing 1-year period	71.64%	52.67%	+18.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	62.61%	44.22%	+18.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.64%	40.53%	+20.11%

Dividends

PZG vs. KMX - Dividend Comparison

Neither PZG nor KMX has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both PZG and KMX in my portfolio?

PZG and KMX have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PZG or KMX?

PZG has higher volatility (15.88%) compared to KMX (12.90%). In terms of maximum drawdown, PZG dropped -93.81% vs KMX's -93.19%.

Which has better risk-adjusted returns?

PZG currently has the higher Sharpe Ratio (1.91 vs -0.58), 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.