STZ vs. HSY
STZ (Constellation Brands, Inc.) and HSY (The Hershey Company) are both stocks. Both are in the Consumer Defensive sector — STZ in Beverages - Wineries & Distilleries, HSY in Confectioners. Over the past 10 years, STZ returned -0.52%/yr vs 7.30%/yr for HSY. Their 0.25 correlation means their historical movements had little consistent relationship.
Performance
STZ vs. HSY - Performance Comparison
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Returns By Period
In the year-to-date period, STZ achieves a -2.76% return, which is significantly lower than HSY's -0.97% return. Over the past 10 years, STZ has underperformed HSY with an annualized return of -0.52%, while HSY has yielded a comparatively higher 7.30% annualized return.
STZ
- 1D
- 0.87%
- 1M
- -3.69%
- 6M
- -14.38%
- YTD
- -2.76%
- 1Y
- -18.64%
- 3Y*
- -19.32%
- 5Y*
- -7.99%
- 10Y*
- -0.52%
- ALL TIME*
- 14.32%
HSY
- 1D
- 1.50%
- 1M
- -2.45%
- 6M
- -8.99%
- YTD
- -0.97%
- 1Y
- -3.18%
- 3Y*
- -5.31%
- 5Y*
- 2.44%
- 10Y*
- 7.30%
- ALL TIME*
- 12.09%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $327.42M | $326.71M | $373.67M | |
| $254.34M | $279.34M | $313.22M |
STZ vs. HSY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
STZ Constellation Brands, Inc. | -2.76% | -35.99% | -7.11% | 5.83% | -6.43% | 16.12% | 17.41% | 19.85% | -28.73% | 50.69% |
HSY The Hershey Company | -0.97% | 10.98% | -6.51% | -17.88% | 21.86% | 29.58% | 5.90% | 40.20% | -2.92% | 12.33% |
Correlation
The correlation between STZ and HSY is 0.23, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.23 |
Correlation (3Y) Balances recent behavior with more history. | 0.33 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.35 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.31 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 1992 | 0.25 |
The correlation between STZ and HSY shifts across timeframes, from 0.23 (1 year) to 0.35 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
STZ:
$22.44B
HSY:
$36.03B
STZ:
$10.48
HSY:
$7.31
STZ:
12.54
HSY:
24.32
STZ:
2.53
HSY:
2.98
STZ:
2.65
HSY:
7.95
STZ:
$9.06B
HSY:
$12.16B
STZ:
$4.77B
HSY:
$4.64B
STZ:
$3.18B
HSY:
$2.61B
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Return for Risk
STZ vs. HSY — Risk / Return Rank
STZ
HSY
STZ vs. HSY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Constellation Brands, Inc. (STZ) and The Hershey Company (HSY). 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.
| STZ | HSY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.78 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.00 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.73 | -0.12 | -0.61 |
| Martin ratioReturn relative to average drawdown | -1.16 | -0.24 | -0.93 |
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Drawdowns
STZ vs. HSY - Drawdown Comparison
The maximum STZ drawdown since its inception was -67.39%, which is greater than HSY's maximum drawdown of -49.15%. Use the drawdown chart below to compare losses from any high point for STZ and HSY.
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Drawdown Indicators
| STZ | HSY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.39% | -49.15% | -18.24% |
Max Drawdown (1Y)Largest decline over 1 year | -25.73% | -27.38% | +1.65% |
Max Drawdown (3Y)Largest decline over 3 years | -51.28% | -34.15% | -17.13% |
Max Drawdown (5Y)Largest decline over 5 years | -51.28% | -45.25% | -6.03% |
Max Drawdown (10Y)Largest decline over 10 years | -53.53% | -45.25% | -8.28% |
Current DrawdownCurrent decline from peak | -48.81% | -29.60% | -19.21% |
Average DrawdownAverage peak-to-trough decline | -16.72% | -13.16% | -3.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.05% | 13.48% | +2.57% |
Volatility
STZ vs. HSY - Volatility Comparison
Constellation Brands, Inc. (STZ) has a higher volatility of 8.57% compared to The Hershey Company (HSY) at 8.12%. This indicates that STZ's price experiences larger fluctuations and is considered to be riskier than HSY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| STZ | HSY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.57% | 8.12% | +0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 22.81% | 21.90% | +0.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.28% | 27.61% | +2.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.91% | 23.30% | +1.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.09% | 23.08% | +4.01% |
Dividends
STZ vs. HSY - Dividend Comparison
STZ's dividend yield for the trailing twelve months is around 3.12%, less than HSY's 3.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HSY The Hershey Company | 3.18% | 3.01% | 3.24% | 2.39% | 1.67% | 1.76% | 2.07% | 2.03% | 2.57% | 2.24% | 2.32% | 2.50% |
STZ Constellation Brands, Inc. | 3.12% | 2.95% | 1.77% | 1.44% | 1.36% | 1.21% | 1.37% | 1.58% | 1.70% | 0.86% | 0.98% | 0.65% |
Financials
STZ vs. HSY - Financials Comparison
This section allows you to compare key financial metrics between Constellation Brands, Inc. and The Hershey Company. 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
STZ vs. HSY - Profitability Comparison
STZ - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Constellation Brands, Inc. reported a gross profit of 1.32B and revenue of 2.43B. Therefore, the gross margin over that period was 54.3%.
HSY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, The Hershey Company reported a gross profit of 1.26B and revenue of 2.79B. Therefore, the gross margin over that period was 45.3%.
STZ - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Constellation Brands, Inc. reported an operating income of 845.30M and revenue of 2.43B, resulting in an operating margin of 34.8%.
HSY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, The Hershey Company reported an operating income of 642.64M and revenue of 2.79B, resulting in an operating margin of 23.1%.
STZ - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Constellation Brands, Inc. reported a net income of 653.80M and revenue of 2.43B, resulting in a net margin of 26.9%.
HSY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, The Hershey Company reported a net income of 457.67M and revenue of 2.79B, resulting in a net margin of 16.4%.
Frequently Asked Questions
STZ and HSY have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
STZ has higher volatility (8.57%) compared to HSY (8.12%). In terms of maximum drawdown, STZ dropped -67.39% vs HSY's -49.15%.
HSY currently has the higher Sharpe Ratio (-0.12 vs -0.62), 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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