Z vs. ZG
Z (Zillow Group, Inc.) and ZG (Zillow Group, Inc.) are both stocks. Both operate in the Internet Content & Information industry within the Communication Services sector. Over the past 10 years, Z returned -1.25%/yr vs -1.21%/yr for ZG. With a 0.98 correlation, they move nearly in lockstep.
Performance
Z vs. ZG - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with Z having a -55.29% return and ZG slightly higher at -55.21%. Both investments have delivered pretty close results over the past 10 years, with Z having a -1.25% annualized return and ZG not far ahead at -1.21%.
Z
- 1D
- 0.63%
- 1M
- -16.07%
- YTD
- -55.29%
- 6M
- -55.62%
- 1Y
- -55.84%
- 3Y*
- -14.07%
- 5Y*
- -24.11%
- 10Y*
- -1.25%
ZG
- 1D
- 0.33%
- 1M
- -17.14%
- YTD
- -55.21%
- 6M
- -55.17%
- 1Y
- -54.71%
- 3Y*
- -13.34%
- 5Y*
- -24.17%
- 10Y*
- -1.21%
Z vs. ZG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
Z Zillow Group, Inc. | -55.29% | -7.87% | 27.98% | 79.63% | -49.55% | -50.81% | 182.54% | 45.47% | -22.83% | 12.20% |
ZG Zillow Group, Inc. | -55.21% | -3.70% | 24.91% | 81.74% | -49.84% | -54.23% | 197.20% | 45.53% | -22.85% | 11.77% |
Correlation
The correlation between Z and ZG is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2015 | 0.98 |
The correlation between Z and ZG has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
Fundamentals
Z:
$7.31B
ZG:
$7.32B
Z:
$0.25
ZG:
$0.24
Z:
123.67
ZG:
125.24
Z:
0.82
ZG:
0.83
Z:
2.80
ZG:
2.84
Z:
1.66
ZG:
1.66
Z:
$2.69B
ZG:
$2.69B
Z:
$1.98B
ZG:
$1.98B
Z:
$257.00M
ZG:
$263.00M
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Return for Risk
Z vs. ZG — Risk / Return Rank
Z
ZG
Z vs. ZG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Zillow Group, Inc. (Z) and Zillow Group, Inc. (ZG). 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.
| Z | ZG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 0.76 | 0.77 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | -0.85 | 0.00 |
| Martin ratioReturn relative to average drawdown | -1.56 | -1.59 | +0.03 |
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Drawdowns
Z vs. ZG - Drawdown Comparison
The maximum Z drawdown since its inception was -86.51%, roughly equal to the maximum ZG drawdown of -86.74%. Use the drawdown chart below to compare losses from any high point for Z and ZG.
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Drawdown Indicators
| Z | ZG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.51% | -86.74% | +0.23% |
Max Drawdown (1Y)Largest decline over 1 year | -66.44% | -64.89% | -1.55% |
Max Drawdown (3Y)Largest decline over 3 years | -66.44% | -64.89% | -1.55% |
Max Drawdown (5Y)Largest decline over 5 years | -78.29% | -78.31% | +0.02% |
Max Drawdown (10Y)Largest decline over 10 years | -86.51% | -86.74% | +0.23% |
Current DrawdownCurrent decline from peak | -84.74% | -85.00% | +0.26% |
Average DrawdownAverage peak-to-trough decline | -44.59% | -41.24% | -3.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.85% | 34.44% | +1.41% |
Volatility
Z vs. ZG - Volatility Comparison
Zillow Group, Inc. (Z) and Zillow Group, Inc. (ZG) have volatilities of 11.05% and 11.62%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| Z | ZG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.05% | 11.62% | -0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 35.04% | 35.10% | -0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.55% | 44.15% | +0.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.11% | 52.48% | -0.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.93% | 53.11% | -0.18% |
Dividends
Z vs. ZG - Dividend Comparison
Neither Z nor ZG has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Z Zillow Group, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ZG Zillow Group, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 223.86% |
Financials
Z vs. ZG - Financials Comparison
This section allows you to compare key financial metrics between Zillow Group, Inc. and Zillow Group, 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
Z vs. ZG - Profitability Comparison
Z - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Zillow Group, Inc. reported a gross profit of 519.00M and revenue of 708.00M. Therefore, the gross margin over that period was 73.3%.
ZG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Zillow Group, Inc. reported a gross profit of 519.00M and revenue of 708.00M. Therefore, the gross margin over that period was 73.3%.
Z - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Zillow Group, Inc. reported an operating income of 36.00M and revenue of 708.00M, resulting in an operating margin of 5.1%.
ZG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Zillow Group, Inc. reported an operating income of 36.00M and revenue of 708.00M, resulting in an operating margin of 5.1%.
Z - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Zillow Group, Inc. reported a net income of 46.00M and revenue of 708.00M, resulting in a net margin of 6.5%.
ZG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Zillow Group, Inc. reported a net income of 46.00M and revenue of 708.00M, resulting in a net margin of 6.5%.
Frequently Asked Questions
With a correlation of 0.99, Z and ZG move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
ZG has higher volatility (11.62%) compared to Z (11.05%). In terms of maximum drawdown, Z dropped -86.51% vs ZG's -86.74%.
ZG currently has the higher Sharpe Ratio (-1.24 vs -1.26), 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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