SNOW vs. AMZN
SNOW (Snowflake Inc.) and AMZN (Amazon.com, Inc) are both stocks. SNOW operates in Software - Application (Technology), while AMZN operates in Internet Retail (Consumer Cyclical). Over the past 5 years, SNOW returned 1.99%/yr vs 10.30%/yr for AMZN. Their 0.50 correlation means they have sometimes moved together and sometimes differently.
Performance
SNOW vs. AMZN - Performance Comparison
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Returns By Period
In the year-to-date period, SNOW achieves a 33.70% return, which is significantly higher than AMZN's 17.66% return.
SNOW
- 1D
- -1.62%
- 1M
- 12.73%
- 6M
- 52.20%
- YTD
- 33.70%
- 1Y
- 43.05%
- 3Y*
- 18.43%
- 5Y*
- 1.99%
- 10Y*
- —
- ALL TIME*
- 3.11%
AMZN
- 1D
- 15.32%
- 1M
- 11.91%
- 6M
- 13.49%
- YTD
- 17.66%
- 1Y
- 26.46%
- 3Y*
- 27.29%
- 5Y*
- 10.30%
- 10Y*
- 21.72%
- ALL TIME*
- 30.20%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
AMZN Amazon.com, Inc | $13.00B | $11.21B | $12.30B |
SNOW Snowflake Inc. | $1.36B | $1.31B | $1.77B |
SNOW vs. AMZN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SNOW Snowflake Inc. | 33.70% | 42.06% | -22.41% | 38.64% | -57.63% | 20.38% | 14.86% |
AMZN Amazon.com, Inc | 17.66% | 5.21% | 44.39% | 80.88% | -49.62% | 2.38% | 3.19% |
Correlation
The correlation between SNOW and AMZN is 0.24, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.24 |
Correlation (3Y) Balances recent behavior with more history. | 0.44 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.54 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2020 | 0.50 |
Over the past year, the correlation between SNOW and AMZN has dropped to 0.24 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.
Fundamentals
SNOW:
$101.65B
AMZN:
$2.92T
SNOW:
-$3.51
AMZN:
$12.44
SNOW:
19.88
AMZN:
3.81
SNOW:
49.16
AMZN:
5.37
SNOW:
$5.03B
AMZN:
$775.68B
SNOW:
$3.38B
AMZN:
$393.81B
SNOW:
-$1.21B
AMZN:
$254.00B
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Return for Risk
SNOW vs. AMZN — Risk / Return Rank
SNOW
AMZN
SNOW vs. AMZN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Snowflake Inc. (SNOW) and Amazon.com, Inc (AMZN). 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.
| SNOW | AMZN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.11 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.56 | 0.74 | -0.18 |
| Martin ratioReturn relative to average drawdown | 1.21 | 1.58 | -0.37 |
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Drawdowns
SNOW vs. AMZN - Drawdown Comparison
The maximum SNOW drawdown since its inception was -72.99%, smaller than the maximum AMZN drawdown of -94.40%. Use the drawdown chart below to compare losses from any high point for SNOW and AMZN.
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Drawdown Indicators
| SNOW | AMZN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.99% | -94.40% | +21.41% |
Max Drawdown (1Y)Largest decline over 1 year | -56.30% | -21.74% | -34.56% |
Max Drawdown (3Y)Largest decline over 3 years | -56.30% | -30.88% | -25.42% |
Max Drawdown (5Y)Largest decline over 5 years | -72.99% | -55.73% | -17.26% |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.15% | — |
Current DrawdownCurrent decline from peak | -27.02% | -1.24% | -25.78% |
Average DrawdownAverage peak-to-trough decline | -48.72% | -28.11% | -20.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.11% | 10.26% | +15.85% |
Volatility
SNOW vs. AMZN - Volatility Comparison
The current volatility for Snowflake Inc. (SNOW) is 9.54%, while Amazon.com, Inc (AMZN) has a volatility of 16.52%. This indicates that SNOW experiences smaller price fluctuations and is considered to be less risky than AMZN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SNOW | AMZN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.54% | 16.52% | -6.98% |
Volatility (6M)Calculated over the trailing 6-month period | 52.74% | 26.50% | +26.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.43% | 35.20% | +31.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 62.02% | 36.27% | +25.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.28% | 33.00% | +29.28% |
Dividends
SNOW vs. AMZN - Dividend Comparison
Neither SNOW nor AMZN has paid dividends to shareholders.
Financials
SNOW vs. AMZN - Financials Comparison
This section allows you to compare key financial metrics between Snowflake Inc. and Amazon.com, 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
SNOW vs. AMZN - Profitability Comparison
SNOW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Snowflake Inc. reported a gross profit of 926.45M and revenue of 1.39B. Therefore, the gross margin over that period was 66.6%.
AMZN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Amazon.com, Inc reported a gross profit of 104.83B and revenue of 200.61B. Therefore, the gross margin over that period was 52.3%.
SNOW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Snowflake Inc. reported an operating income of -326.15M and revenue of 1.39B, resulting in an operating margin of -23.5%.
AMZN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Amazon.com, Inc reported an operating income of 27.46B and revenue of 200.61B, resulting in an operating margin of 13.7%.
SNOW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Snowflake Inc. reported a net income of -295.57M and revenue of 1.39B, resulting in a net margin of -21.3%.
AMZN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Amazon.com, Inc reported a net income of 62.65B and revenue of 200.61B, resulting in a net margin of 31.2%.
Frequently Asked Questions
SNOW and AMZN have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMZN has higher volatility (16.52%) compared to SNOW (9.54%). In terms of maximum drawdown, SNOW dropped -72.99% vs AMZN's -94.40%.
SNOW currently has the higher Sharpe Ratio (0.47 vs 0.46), 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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