ZG vs. Z
ZG (Zillow Group, Inc.) and Z (Zillow Group, Inc.) are both stocks. Both operate in the Internet Content & Information industry within the Communication Services sector. Over the past 10 years, ZG returned 1.81%/yr vs 1.93%/yr for Z. With a 0.98 correlation, they move nearly in lockstep.
Performance
ZG vs. Z - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with ZG having a -47.84% return and Z slightly lower at -47.95%. Over the past 10 years, ZG has underperformed Z with an annualized return of 1.81%, while Z has yielded a comparatively higher 1.93% annualized return.
ZG
- 1D
- -2.71%
- 1M
- -19.61%
- YTD
- -47.84%
- 6M
- -51.82%
- 1Y
- -47.66%
- 3Y*
- -8.04%
- 5Y*
- -20.27%
- 10Y*
- 1.81%
Z
- 1D
- -2.36%
- 1M
- -19.35%
- YTD
- -47.95%
- 6M
- -53.28%
- 1Y
- -48.62%
- 3Y*
- -8.71%
- 5Y*
- -20.06%
- 10Y*
- 1.93%
ZG vs. Z - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZG Zillow Group, Inc. | -47.84% | -3.70% | 24.91% | 81.74% | -49.84% | -54.23% | 197.20% | 45.53% | -22.85% | 11.77% |
Z Zillow Group, Inc. | -47.95% | -7.87% | 27.98% | 79.63% | -49.55% | -50.81% | 182.54% | 45.47% | -22.83% | 12.20% |
Correlation
The correlation between ZG and Z 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 4, 2015 | 0.98 |
The correlation between ZG and Z has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
Fundamentals
ZG:
$8.53B
Z:
$8.51B
ZG:
$0.24
Z:
$0.25
ZG:
145.85
Z:
143.98
ZG:
0.96
Z:
0.95
ZG:
3.30
Z:
3.26
ZG:
1.93
Z:
1.93
ZG:
$2.69B
Z:
$2.69B
ZG:
$1.98B
Z:
$1.98B
ZG:
$263.00M
Z:
$257.00M
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Return for Risk
ZG vs. Z — Risk / Return Rank
ZG
Z
ZG vs. Z - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Zillow Group, Inc. (ZG) and Zillow Group, Inc. (Z). 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.
| ZG | Z | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 0.80 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.81 | -0.80 | -0.01 |
| Martin ratioReturn relative to average drawdown | -1.52 | -1.48 | -0.03 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ZG | Z | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.10 | -1.11 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.39 | -0.39 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.03 | 0.04 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.04 | +0.16 |
Drawdowns
ZG vs. Z - Drawdown Comparison
The maximum ZG drawdown since its inception was -86.74%, roughly equal to the maximum Z drawdown of -86.51%. Use the drawdown chart below to compare losses from any high point for ZG and Z.
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Drawdown Indicators
| ZG | Z | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.74% | -86.51% | -0.23% |
Max Drawdown (1Y)Largest decline over 1 year | -59.24% | -61.25% | +2.01% |
Max Drawdown (3Y)Largest decline over 3 years | -59.24% | -61.25% | +2.01% |
Max Drawdown (5Y)Largest decline over 5 years | -78.31% | -78.29% | -0.02% |
Max Drawdown (10Y)Largest decline over 10 years | -86.74% | -86.51% | -0.23% |
Current DrawdownCurrent decline from peak | -82.54% | -82.24% | -0.30% |
Average DrawdownAverage peak-to-trough decline | -38.29% | -44.42% | +6.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.49% | 32.84% | -1.35% |
Volatility
ZG vs. Z - Volatility Comparison
The current volatility for Zillow Group, Inc. (ZG) is 8.96%, while Zillow Group, Inc. (Z) has a volatility of 9.47%. This indicates that ZG experiences smaller price fluctuations and is considered to be less risky than Z based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZG | Z | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.96% | 9.47% | -0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 35.42% | 35.68% | -0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.31% | 43.88% | -0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.43% | 52.05% | +0.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.04% | 52.88% | +0.16% |
Dividends
ZG vs. Z - Dividend Comparison
Neither ZG nor Z 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
ZG vs. Z - 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
ZG vs. Z - Profitability Comparison
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 - 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 - 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 - 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 - 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%.
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%.
Frequently Asked Questions
With a correlation of 0.99, ZG and Z 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.
Z has higher volatility (9.47%) compared to ZG (8.96%). In terms of maximum drawdown, ZG dropped -86.74% vs Z's -86.51%.
ZG currently has the higher Sharpe Ratio (-1.10 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.
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