RRR vs. CNSWF

Last updated Jun 4, 2026

RRR (Red Rock Resorts, Inc.) and CNSWF (Constellation Software Inc) are both stocks. RRR operates in Resorts & Casinos (Consumer Cyclical), while CNSWF operates in Software - Application (Technology). Over the past 10 years, RRR returned 14.06%/yr vs 17.66%/yr for CNSWF. At a 0.23 correlation, their price movements are largely independent.

Performance

RRR vs. CNSWF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Red Rock Resorts, Inc. (RRR) and Constellation Software Inc (CNSWF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RRR achieves a -6.30% return, which is significantly higher than CNSWF's -17.25% return. Over the past 10 years, RRR has underperformed CNSWF with an annualized return of 14.06%, while CNSWF has yielded a comparatively higher 17.66% annualized return.

RRR

• 1D: -0.78%
• 1M: 10.12%
• YTD: -6.30%
• 6M: 0.11%
• 1Y: 19.86%
• 3Y*: 10.53%
• 5Y*: 9.61%
• 10Y*: 14.06%

CNSWF

• 1D: -5.35%
• 1M: 9.34%
• YTD: -17.25%
• 6M: -15.76%
• 1Y: -44.86%
• 3Y*: -1.12%
• 5Y*: 6.58%
• 10Y*: 17.66%

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

RRR vs. CNSWF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RRR Red Rock Resorts, Inc.	-6.30%	39.48%	-10.10%	36.26%	-23.72%	133.50%	5.49%	19.95%	-38.98%	48.01%
CNSWF Constellation Software Inc	-17.25%	-22.46%	24.90%	59.77%	-15.99%	43.09%	34.48%	53.34%	6.04%	33.51%

Correlation

The correlation between RRR and CNSWF is 0.05, 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	0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.28
Correlation (10Y) Calculated over the trailing 10-year period	0.23
Correlation (All Time) Calculated using the full available price history since Apr 28, 2016	0.23

The correlation between RRR and CNSWF shifts across timeframes, from 0.05 (1 year) to 0.28 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap RRR : $5.78B CNSWF : $42.06B
EPS RRR : $1.82 CNSWF : $34.82
PE Ratio RRR : 31.22 CNSWF : 57.00
PS Ratio RRR : 2.88 CNSWF : 3.47
PB Ratio RRR : 40.52 CNSWF : 10.79
Total Revenue (TTM) RRR : $2.02B CNSWF : $12.11B
Gross Profit (TTM) RRR : $1.15B CNSWF : $4.15B
EBITDA (TTM) RRR : $802.93M CNSWF : $2.77B

Return for Risk

RRR vs. CNSWF — Risk / Return Rank

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

RRR

RRR Risk / Return Rank: 58
RRR Sharpe Ratio Rank: 60
RRR Sortino Ratio Rank: 53
RRR Omega Ratio Rank: 54
RRR Calmar Ratio Rank: 59
RRR Martin Ratio Rank: 61

CNSWF

CNSWF Risk / Return Rank: 7
CNSWF Sharpe Ratio Rank: 3
CNSWF Sortino Ratio Rank: 4
CNSWF Omega Ratio Rank: 6
CNSWF Calmar Ratio Rank: 10
CNSWF 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.

RRR vs. CNSWF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Red Rock Resorts, Inc. (RRR) and Constellation Software Inc (CNSWF). 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.

	RRR	CNSWF	Difference
Sharpe ratio Return per unit of total volatility	0.59	-1.11	+1.70
Sortino ratio Return per unit of downside risk	1.00	-1.68	+2.68
Omega ratio Gain probability vs. loss probability	1.13	0.81	+0.32
Calmar ratio Return relative to maximum drawdown	0.90	-0.82	+1.72
Martin ratio Return relative to average drawdown	2.20	-1.25	+3.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RRR vs. CNSWF - Sharpe Ratio Comparison

The current RRR Sharpe Ratio is 0.59, which is higher than the CNSWF Sharpe Ratio of -1.11. The chart below compares the historical Sharpe Ratios of RRR and CNSWF, 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

	RRR	CNSWF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.59	-1.11	+1.70
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.26	0.22	+0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.29	0.61	-0.33
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	0.98	-0.67

Drawdowns

RRR vs. CNSWF - Drawdown Comparison

The maximum RRR drawdown since its inception was -89.39%, which is greater than CNSWF's maximum drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for RRR and CNSWF.

Drawdown Indicators

	RRR	CNSWF	Difference
Max Drawdown Largest peak-to-trough decline	-89.39%	-55.25%	-34.14%
Max Drawdown (1Y) Largest decline over 1 year	-22.06%	-55.12%	+33.06%
Max Drawdown (3Y) Largest decline over 3 years	-38.60%	-55.25%	+16.65%
Max Drawdown (5Y) Largest decline over 5 years	-41.67%	-55.25%	+13.58%
Max Drawdown (10Y) Largest decline over 10 years	-89.39%	-55.25%	-34.14%
Current Drawdown Current decline from peak	-13.09%	-46.44%	+33.35%
Average Drawdown Average peak-to-trough decline	-18.41%	-6.86%	-11.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.06%	35.88%	-26.82%

Volatility

RRR vs. CNSWF - Volatility Comparison

The current volatility for Red Rock Resorts, Inc. (RRR) is 8.95%, while Constellation Software Inc (CNSWF) has a volatility of 14.42%. This indicates that RRR experiences smaller price fluctuations and is considered to be less risky than CNSWF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RRR	CNSWF	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.95%	14.42%	-5.47%
Volatility (6M) Calculated over the trailing 6-month period	22.73%	32.81%	-10.08%
Volatility (1Y) Calculated over the trailing 1-year period	33.86%	40.48%	-6.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.55%	29.85%	+7.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.32%	28.83%	+20.49%

Dividends

RRR vs. CNSWF - Dividend Comparison

RRR's dividend yield for the trailing twelve months is around 3.55%, more than CNSWF's 0.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CNSWF Constellation Software Inc	0.20%	0.17%	0.13%	0.16%	0.26%	0.22%	0.41%	0.41%	0.63%	0.83%	1.76%	0.96%
RRR Red Rock Resorts, Inc.	3.55%	3.24%	4.33%	1.88%	5.00%	5.45%	0.40%	1.67%	1.97%	1.19%	0.86%	0.00%

Financials

RRR vs. CNSWF - Profitability Comparison

The chart below illustrates the profitability comparison between Red Rock Resorts, Inc. and Constellation Software Inc over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

RRR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Red Rock Resorts, Inc. reported a gross profit of 262.74M and revenue of 507.32M. Therefore, the gross margin over that period was 51.8%.

CNSWF - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Constellation Software Inc reported a gross profit of 733.69M and revenue of 3.14B. Therefore, the gross margin over that period was 23.4%.

RRR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Red Rock Resorts, Inc. reported an operating income of 143.68M and revenue of 507.32M, resulting in an operating margin of 28.3%.

CNSWF - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Constellation Software Inc reported an operating income of 452.64M and revenue of 3.14B, resulting in an operating margin of 14.4%.

RRR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Red Rock Resorts, Inc. reported a net income of 42.89M and revenue of 507.32M, resulting in a net margin of 8.5%.

CNSWF - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Constellation Software Inc reported a net income of 361.92M and revenue of 3.14B, resulting in a net margin of 11.5%.

Frequently Asked Questions

Can I hold both RRR and CNSWF in my portfolio?

RRR and CNSWF have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RRR or CNSWF?

CNSWF has higher volatility (14.42%) compared to RRR (8.95%). In terms of maximum drawdown, RRR dropped -89.39% vs CNSWF's -55.25%.

Which has better risk-adjusted returns?

RRR currently has the higher Sharpe Ratio (0.59 vs -1.11), 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.