PZZA vs. XLY
PZZA (Papa John's International, Inc.) is a stock, while XLY (Consumer Discretionary Select Sector SPDR Fund) is Consumer Discretionary Equities fund tracking the Consumer Discretionary Select Sector Index. Over the past 10 years, PZZA returned -6.49%/yr vs 12.39%/yr for XLY. Their 0.39 correlation means their historical movements had little consistent relationship.
Performance
PZZA vs. XLY - Performance Comparison
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Returns By Period
In the year-to-date period, PZZA achieves a -17.09% return, which is significantly lower than XLY's -0.61% return. Over the past 10 years, PZZA has underperformed XLY with an annualized return of -6.49%, while XLY has yielded a comparatively higher 12.39% annualized return.
PZZA
- 1D
- 3.91%
- 1M
- -13.26%
- 6M
- -5.84%
- YTD
- -17.09%
- 1Y
- -22.02%
- 3Y*
- -24.44%
- 5Y*
- -20.68%
- 10Y*
- -6.49%
- ALL TIME*
- 9.54%
XLY
- 1D
- 1.83%
- 1M
- 0.93%
- 6M
- -2.69%
- YTD
- -0.61%
- 1Y
- 10.26%
- 3Y*
- 12.19%
- 5Y*
- 6.42%
- 10Y*
- 12.39%
- ALL TIME*
- 9.65%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $35.07M | $29.56M | $37.46M | |
| $974.86M | $983.23M | $951.04M |
PZZA vs. XLY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PZZA Papa John's International, Inc. | -17.09% | -2.01% | -44.21% | -5.28% | -37.26% | 58.87% | 35.88% | 61.50% | -27.80% | -33.68% |
XLY Consumer Discretionary Select Sector SPDR Fund | -0.61% | 7.37% | 26.51% | 39.64% | -36.27% | 27.93% | 29.63% | 28.39% | 1.58% | 22.82% |
Correlation
The correlation between PZZA and XLY is 0.10, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.10 |
Correlation (3Y) Balances recent behavior with more history. | 0.20 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.31 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.29 |
Correlation (All Time) Calculated using the full available price history since Dec 22, 1998 | 0.39 |
Over the past year, the correlation between PZZA and XLY has dropped to 0.10 - well below their long-term average of 0.39, suggesting their price drivers have been diverging.
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Return for Risk
PZZA vs. XLY — Risk / Return Rank
PZZA
XLY
PZZA vs. XLY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Papa John's International, Inc. (PZZA) and Consumer Discretionary Select Sector SPDR Fund (XLY). 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.
| PZZA | XLY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.96 | ||
| Sortino ratioReturn per unit of downside risk | -1.24 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.10 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | 0.69 | -1.19 |
| Martin ratioReturn relative to average drawdown | -0.74 | 1.86 | -2.60 |
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Drawdowns
PZZA vs. XLY - Drawdown Comparison
The maximum PZZA drawdown since its inception was -76.22%, which is greater than XLY's maximum drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for PZZA and XLY.
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Drawdown Indicators
| PZZA | XLY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.22% | -59.05% | -17.17% |
Max Drawdown (1Y)Largest decline over 1 year | -43.85% | -14.98% | -28.87% |
Max Drawdown (3Y)Largest decline over 3 years | -61.41% | -26.01% | -35.40% |
Max Drawdown (5Y)Largest decline over 5 years | -76.22% | -39.67% | -36.55% |
Max Drawdown (10Y)Largest decline over 10 years | -76.22% | -39.67% | -36.55% |
Current DrawdownCurrent decline from peak | -74.25% | -4.69% | -69.56% |
Average DrawdownAverage peak-to-trough decline | -26.34% | -9.54% | -16.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.73% | 5.54% | +24.19% |
Volatility
PZZA vs. XLY - Volatility Comparison
Papa John's International, Inc. (PZZA) has a higher volatility of 11.13% compared to Consumer Discretionary Select Sector SPDR Fund (XLY) at 7.47%. This indicates that PZZA's price experiences larger fluctuations and is considered to be riskier than XLY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PZZA | XLY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.13% | 7.47% | +3.66% |
Volatility (6M)Calculated over the trailing 6-month period | 38.13% | 15.15% | +22.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.28% | 19.48% | +31.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.12% | 24.09% | +18.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.05% | 22.19% | +19.86% |
Dividends
PZZA vs. XLY - Dividend Comparison
PZZA's dividend yield for the trailing twelve months is around 5.92%, more than XLY's 0.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PZZA Papa John's International, Inc. | 5.92% | 4.78% | 4.48% | 2.31% | 1.87% | 0.86% | 1.06% | 1.43% | 2.26% | 1.51% | 0.88% | 1.13% |
XLY Consumer Discretionary Select Sector SPDR Fund | 0.76% | 0.79% | 0.72% | 0.78% | 1.00% | 0.53% | 0.82% | 1.28% | 1.34% | 1.20% | 1.71% | 1.43% |
Frequently Asked Questions
PZZA and XLY have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PZZA has higher volatility (11.13%) compared to XLY (7.47%). In terms of maximum drawdown, PZZA dropped -76.22% vs XLY's -59.05%.
XLY currently has the higher Sharpe Ratio (0.53 vs -0.43), 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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