Travelzoo (TZOO)
Market Price (1/8/2026): $6.74 | Market Cap: $74.1 MilSector: Communication Services | Industry: Interactive Media & Services
Travelzoo (TZOO)
Market Price (1/8/2026): $6.74Market Cap: $74.1 MilSector: Communication ServicesIndustry: Interactive Media & Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.5%, FCF Yield is 16% | Weak multi-year price returns2Y Excs Rtn is -74%, 3Y Excs Rtn is -29% | Key risksTZOO key risks include [1] a failure to execute its strategic transition to a paid membership model and [2] intense competition from larger, Show more. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 13%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 13% | ||
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -34% | ||
| Megatrend and thematic driversMegatrends include Experience Economy & Premiumization, and E-commerce & Digital Retail. Themes include Travel & Leisure Tech, and Online Marketplaces. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.5%, FCF Yield is 16% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 13%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 13% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -34% |
| Megatrend and thematic driversMegatrends include Experience Economy & Premiumization, and E-commerce & Digital Retail. Themes include Travel & Leisure Tech, and Online Marketplaces. |
| Weak multi-year price returns2Y Excs Rtn is -74%, 3Y Excs Rtn is -29% |
| Key risksTZOO key risks include [1] a failure to execute its strategic transition to a paid membership model and [2] intense competition from larger, Show more. |
Why The Stock Moved
Qualitative Assessment
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1. Disappointing Q3 2025 Earnings Report and Outlook: Travelzoo released its Q3 2025 earnings on October 28, 2025, reporting an earnings per share (EPS) of $0.01, which significantly missed analysts' consensus estimates of $0.14. Quarterly revenue also fell short of expectations at $22.20 million, against an anticipated $22.92 million. This substantial miss on both earnings and revenue likely triggered a negative market reaction. The company's stock fell 13.35% immediately following the announcement on October 28, closing at $10.04.
2. Plummeting Operating Profit Amidst Strategic Shift: While revenue for Q3 2025 increased by 10% year-over-year to $22.2 million, the operating profit sharply declined to $0.5 million from $4.0 million in Q3 2024. This significant profit decline, despite revenue growth, was a major concern for investors. The company is undergoing a strategic shift towards a membership-based business model, which involves substantial upfront investment in member acquisition. Marketing costs for acquiring Club Members were expensed immediately, creating a timing mismatch with the ratable recognition of membership fee revenue, thus impacting current profitability.
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Stock Movement Drivers
Fundamental Drivers
The -19.8% change in TZOO stock from 10/31/2025 to 1/7/2026 was primarily driven by a -29.3% change in the company's Net Income Margin (%).| 10312025 | 1072026 | Change | |
|---|---|---|---|
| Stock Price ($) | 8.42 | 6.75 | -19.83% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 87.82 | 89.92 | 2.39% |
| Net Income Margin (%) | 12.49% | 8.83% | -29.35% |
| P/E Multiple | 8.55 | 9.35 | 9.30% |
| Shares Outstanding (Mil) | 11.14 | 10.99 | 1.36% |
| Cumulative Contribution | -19.85% |
Market Drivers
10/31/2025 to 1/7/2026| Return | Correlation | |
|---|---|---|
| TZOO | -19.8% | |
| Market (SPY) | 1.1% | 32.9% |
| Sector (XLC) | 2.0% | 46.4% |
Fundamental Drivers
The -32.4% change in TZOO stock from 7/31/2025 to 1/7/2026 was primarily driven by a -39.9% change in the company's Net Income Margin (%).| 7312025 | 1072026 | Change | |
|---|---|---|---|
| Stock Price ($) | 9.99 | 6.75 | -32.43% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 85.06 | 89.92 | 5.72% |
| Net Income Margin (%) | 14.69% | 8.83% | -39.92% |
| P/E Multiple | 9.33 | 9.35 | 0.16% |
| Shares Outstanding (Mil) | 11.67 | 10.99 | 5.85% |
| Cumulative Contribution | -32.66% |
Market Drivers
7/31/2025 to 1/7/2026| Return | Correlation | |
|---|---|---|
| TZOO | -32.4% | |
| Market (SPY) | 9.4% | 31.5% |
| Sector (XLC) | 9.4% | 36.2% |
Fundamental Drivers
The -66.0% change in TZOO stock from 1/31/2025 to 1/7/2026 was primarily driven by a -47.1% change in the company's Net Income Margin (%).| 1312025 | 1072026 | Change | |
|---|---|---|---|
| Stock Price ($) | 19.83 | 6.75 | -65.96% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 84.37 | 89.92 | 6.58% |
| Net Income Margin (%) | 16.67% | 8.83% | -47.06% |
| P/E Multiple | 17.17 | 9.35 | -45.56% |
| Shares Outstanding (Mil) | 12.18 | 10.99 | 9.77% |
| Cumulative Contribution | -66.29% |
Market Drivers
1/31/2025 to 1/7/2026| Return | Correlation | |
|---|---|---|
| TZOO | -66.0% | |
| Market (SPY) | 15.6% | 34.3% |
| Sector (XLC) | 15.4% | 37.4% |
Fundamental Drivers
The 26.4% change in TZOO stock from 1/31/2023 to 1/7/2026 was primarily driven by a 545.2% change in the company's Net Income Margin (%).| 1312023 | 1072026 | Change | |
|---|---|---|---|
| Stock Price ($) | 5.34 | 6.75 | 26.40% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 65.65 | 89.92 | 36.97% |
| Net Income Margin (%) | 1.37% | 8.83% | 545.22% |
| P/E Multiple | 74.27 | 9.35 | -87.42% |
| Shares Outstanding (Mil) | 12.49 | 10.99 | 12.03% |
| Cumulative Contribution | 24.58% |
Market Drivers
1/31/2023 to 1/7/2026| Return | Correlation | |
|---|---|---|
| TZOO | 26.4% | |
| Market (SPY) | 76.0% | 27.8% |
| Sector (XLC) | 118.9% | 26.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| TZOO Return | -0% | -53% | 114% | 109% | -64% | -4% | -27% |
| Peers Return | -0% | -41% | 55% | 7% | 26% | 0% | 23% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 1% | 85% |
Monthly Win Rates [3] | |||||||
| TZOO Win Rate | 42% | 42% | 58% | 50% | 25% | 0% | |
| Peers Win Rate | 46% | 37% | 56% | 54% | 46% | 50% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 100% | |
Max Drawdowns [4] | |||||||
| TZOO Max Drawdown | -8% | -56% | 0% | -23% | -67% | -4% | |
| Peers Max Drawdown | -22% | -49% | -21% | -28% | -22% | -1% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | 0% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: BKNG, EXPE, TRIP, GRPN. See TZOO Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 1/7/2026 (YTD)
How Low Can It Go
| Event | TZOO | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -77.6% | -25.4% |
| % Gain to Breakeven | 346.2% | 34.1% |
| Time to Breakeven | 684 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -73.7% | -33.9% |
| % Gain to Breakeven | 280.0% | 51.3% |
| Time to Breakeven | 310 days | 148 days |
| 2018 Correction | ||
| % Loss | -63.9% | -19.8% |
| % Gain to Breakeven | 177.3% | 24.7% |
| Time to Breakeven | 192 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -90.4% | -56.8% |
| % Gain to Breakeven | 936.4% | 131.3% |
| Time to Breakeven | 673 days | 1,480 days |
Compare to BKNG, EXPE, TRIP, GRPN
In The Past
Travelzoo's stock fell -77.6% during the 2022 Inflation Shock from a high on 4/5/2021. A -77.6% loss requires a 346.2% gain to breakeven.
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AI Analysis | Feedback
Here are 1-3 brief analogies for Travelzoo (TZOO):
- Like The Wirecutter for travel deals, focusing on expertly vetted and recommended travel offers.
- Think of it as Kayak or Expedia, but with human travel experts hand-picking only the very best deals rather than just being a search engine.
- A global, digital 'Consumer Reports' specifically for hand-picked travel deals, recommending only the top offers from various providers.
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- Curated Travel & Lifestyle Deals: Travelzoo identifies, negotiates, and publishes exclusive offers for hotels, flights, cruises, vacation packages, and local experiences, often sold as vouchers.
- Weekly Top 20® Newsletter: A renowned email publication featuring the week's best travel, entertainment, and local deals, directly delivered to subscribers.
- Online Deal Discovery Platform: Their website and mobile app serve as a digital marketplace where users can browse, search, and purchase various travel, entertainment, and lifestyle deals.
AI Analysis | Feedback
Travelzoo (symbol: TZOO) primarily sells its advertising and deal promotion services to other businesses (B2B) within the travel, leisure, and entertainment industries. They act as a media platform connecting these businesses with a large audience of potential customers.
Based on a review of Travelzoo's public filings, including its latest Form 10-K, no single customer or group of affiliated customers accounts for 10% or more of the company's revenue. Therefore, Travelzoo does not disclose individual "major customers" by name as per SEC reporting requirements, indicating a diversified customer base.
Instead, Travelzoo's customer base consists of a broad array of businesses that pay to feature their deals to Travelzoo's audience. These customers can be broadly categorized as:
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Hotels and Resorts
This category includes individual hotels, major international hotel chains (e.g., Marriott International, Inc. (MAR), Hilton Worldwide Holdings Inc. (HLT)), and various resort properties globally. They leverage Travelzoo to promote room rates, package deals, and special offers to attract travelers.
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Airlines and Cruise Lines
This segment encompasses major global airlines (e.g., Delta Air Lines, Inc. (DAL), United Airlines Holdings, Inc. (UAL), British Airways (part of International Consolidated Airlines Group S.A. (IAG.L or ICAGY ADR)), and various cruise operators (e.g., Carnival Corporation & plc (CCL), Royal Caribbean Group (RCL)). These customers use Travelzoo to advertise flight deals and cruise packages.
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Tour Operators, Travel Agencies, and Local Entertainment Providers
This diverse category includes companies that package travel experiences, online travel agencies (OTAs), destination marketing organizations, and local businesses such as spas, restaurants, and entertainment venues. They partner with Travelzoo to promote package holidays, guided tours, and local deals to attract consumers.
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Holger Bartel, Ph.D. Global Chief Executive Officer
Holger Bartel holds a Ph.D. in Economics and an MBA in finance and accounting from the University of St. Gallen, Switzerland. From 1992 to 1994, he was a research fellow at Harvard Business School. He served as an Engagement Manager at McKinsey & Company, a global management consulting firm, from 1995 to 1998. He has held various leadership positions at Travelzoo since September 1999, including Executive Vice President, Head of Strategy, and served multiple terms as Chief Executive Officer, taking on the Global CEO role in January 2016. He is the brother of Travelzoo founder, Ralph Bartel.
Lisa Su Global Chief Financial Officer
Lisa Su has been with Travelzoo since October 2000, serving in various accounting roles, including Controller. Prior to May 2011, she was the Controller of YuMe from June 2009. She holds an MBA in finance from California State University, East Bay, and a bachelor's degree in economics-accounting from Claremont McKenna College. [cite: 7, 19 from prior search]
Ralph Bartel, Ph.D. Founder, Chairman & Chief Talent Officer
Ralph Bartel founded Travelzoo in May 1998. He served as CEO and CFO of Travelzoo Inc. from May 1998 to October 2008, and as its President from May 1998 to September 2008. From 1996 to 1997, he worked as a managing assistant at Gruner + Jahr AG, the magazine division of Bertelsmann AG. He holds a Ph.D. in Communications from the University of Mainz, Germany, a Ph.D. in Economics and an MBA in Finance and Accounting from the University of St. Gallen, Switzerland, and a Master's degree in Journalism from the University of Eichstaett, Germany. [cite: 10 from prior search]
Christina Sindoni Ciocca General Counsel, Head of Global Functions, Chairman, and Corporate Secretary
Christina Sindoni Ciocca has served as Chairman, General Counsel, Head of Global Functions, and Corporate Secretary of Travelzoo since December 2022. She was previously General Counsel and Head of Global Functions from April 2022 and General Counsel since June 2019. Before joining Travelzoo, Ms. Ciocca was an attorney at Sidley Austin LLP, specializing in mergers & acquisitions, from September 2014 to March 2018. She earned her Juris Doctor degree from the University of Notre Dame Law School and a Bachelor of Science in Economics from the Wharton School of the University of Pennsylvania. [cite: 6 from prior search, 10]
James Clarke General Manager, UK
James Clarke was appointed as Travelzoo's General Manager, UK, effective December 2018. Prior to joining Travelzoo, he spent 12 years at Fleetway, a London-based travel company. During his time at Fleetway, he led various functions including E-commerce, operations, and business development, eventually becoming CEO of the company in 2015. He holds a bachelor's degree in Tourism Management from Solent University, Southampton. [cite: 9 from prior search, 11 from prior search, 13 from prior search]
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The key risks to Travelzoo's business are:- Execution Risk of Paid Membership Model: Travelzoo is transitioning from an advertising-based revenue model to a paid subscription travel club. There is a significant risk that this strategy may not achieve the expected conversion rates, fail to demonstrate sufficient exclusive value to paying members, or result in higher customer acquisition costs (CAC) than anticipated, which could negatively impact profitability and overall revenue.
- Intense Competition: The company faces substantial competition from larger online travel agencies (OTAs) and tech giants like Expedia and Google. These competitors often have greater financial resources, broader market reach, and potentially more attractive deal offerings or targeted marketing capabilities, which could reduce Travelzoo's appeal and market share.
- Vulnerability to Macroeconomic Factors and Travel Demand Fluctuations: Travelzoo's business is highly susceptible to broader macroeconomic conditions, including recessions, geopolitical instability, and changes in consumer discretionary spending. Factors such as a weakened U.S. dollar or fears of a global economic slowdown can significantly reduce overall demand for travel services, directly impacting Travelzoo's bookings and membership growth.
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Travelzoo (TZOO) operates primarily in the travel and leisure sector, offering curated deals for hotels, flights, vacation packages, cruises, and local experiences. The addressable markets for its main products and services can be sized as follows:
Leisure Travel and Online Travel Market
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Global Leisure Travel Market: This broad market, which encompasses activities such as visiting new places and staying in hotels and resorts, was valued at approximately USD 1.2 trillion in 2023 and is projected to reach USD 6.2 trillion by 2033, growing at a Compound Annual Growth Rate (CAGR) of 18.3% from 2024 to 2033. Other estimates place the global leisure travel market at USD 1.46 trillion in 2023, with a projection to reach USD 5.81 trillion by the end of 2030, exhibiting a CAGR of 21.8% from 2024 to 2030. Another report estimates the market size to grow by USD 5.50 trillion from 2024-2028, at a CAGR of 18.52%.
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North America Online Travel Market: This market, which includes online travel agencies and direct supplier channels for bookings, stands at approximately USD 258.03 billion in 2025 and is expected to grow to USD 411.80 billion by 2030, with a CAGR of 9.80%.
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Global Online Travel Agencies (OTA) Market: The global online travel agency market is valued between $305 billion and $861 billion.
Local Deals and Entertainment Market
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Global Group Buying Market: This market, which includes online and offline group purchasing for products and services like local deals, is projected to be approximately USD 19.153 billion in 2025 and is expected to reach nearly USD 37.029 billion by 2034, advancing at a CAGR of 7.6% during this period.
Metaverse (for Travelzoo META)
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U.S. Metaverse Market: The U.S. Metaverse market was estimated at approximately USD 34.2 billion of revenue in 2023 and is anticipated to grow rapidly at a CAGR of 44% over the next five years. This market accounted for 37% of the global market share in 2023.
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Travelzoo (NASDAQ: TZOO) is strategically positioning itself for future revenue growth over the next 2-3 years, primarily driven by a shift towards a paid membership model and several complementary initiatives.
Here are the key expected drivers of future revenue growth:
- Growth in Paid Membership Fees and Member Acquisition: Travelzoo is actively transitioning from an advertising-driven model to one focused on paid memberships. The company introduced a membership fee plan in 2024, aiming to convert non-paying "Legacy Members" into "Club Members" and acquire new paying subscribers. Travelzoo expects membership fees to contribute approximately 25% of its revenues in 2026, a significant increase from 16% in Q3 2025. This revenue is recognized ratably over the 12-month subscription period, indicating a growing and more predictable revenue stream over time. The company is investing in marketing to drive new member acquisition, which has shown immediate payback.
- Conversion of Legacy Members to Club Members: A substantial portion of Travelzoo's existing member base consists of "Legacy Members" who joined before the introduction of membership fees. A key growth driver involves incentivizing these members to upgrade to paid Club Memberships, which offer exclusive deals and benefits. This strategic move is already resulting in many Legacy Members upgrading.
- Expansion and Growth of Jack's Flight Club: Jack's Flight Club, in which Travelzoo holds a 60% ownership, is a membership subscription service for flight deals. This segment has consistently shown strong revenue growth, with a 12% increase year-over-year in Q3 2025 and an 8% rise in premium subscribers. Its continued growth and potential expansion, such as its entry into Canada in early 2024, are expected to contribute to overall revenue.
- Launch of New Products and Services, including Travelzoo META: Travelzoo is exploring and developing new initiatives to diversify its revenue streams. Notably, the company is developing Travelzoo META, a Metaverse-based subscription service under its New Initiatives segment. This push into digital innovation and new product launches, while currently a small contributor, represents a potential area for future growth.
- Leveraging Brand and Supplier Relationships for Exclusive Offers: Travelzoo plans to continue leveraging its global reach, trusted brand, and strong relationships with thousands of top travel suppliers to negotiate more exclusive "Club Offers" for its Club Members. This ability to curate irresistible and exclusive travel, entertainment, and lifestyle deals is a core value proposition that drives member acquisition and retention, indirectly supporting revenue growth.
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Capital Allocation Decisions (2020-2025)
Share Repurchases
- Travelzoo repurchased approximately $1.642 million in shares during 2022.
- In 2023, the company executed share repurchases totaling $16.781 million.
- During 2024, Travelzoo repurchased more than 10% of its shares at a total cost of $20.7 million. Over the first nine months of 2025, an additional $13 million worth of shares, representing about 7% of outstanding shares, were repurchased.
- In October 2024, the board authorized a new share purchase program for up to 1 million shares, to be utilized after the completion of a program announced in April 2024.
Share Issuance
- As of November 2025, Travelzoo had 11,139,000 shares outstanding. The number of outstanding shares decreased from 11,836,000 at December 31, 2024, to 10,932,337 at September 30, 2025, primarily due to share repurchase activities.
Outbound Investments
- In 2020, Travelzoo acquired a 60% stake in Jack's Flight Club, which introduced a subscription-based business model.
- Net cash used in investing activities amounted to $177,000 in 2024, an increase from $39,000 in 2023.
Capital Expenditures
- Travelzoo's capital expenditures averaged $235.2 thousand annually for fiscal years 2020 through 2024.
- Annual capital expenditures were $253 thousand in 2020, $29 thousand in 2021, $462 thousand in 2022, $255 thousand in 2023, and $177 thousand in 2024.
- For the latest twelve months (TTM), capital expenditures were $97 thousand.
- Expected capital expenditures are projected at $1 million annually for each of the years from 2025 to 2029.
Latest Trefis Analyses
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Peer Comparisons for Travelzoo
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 16.27 |
| Mkt Cap | 1.7 |
| Rev LTM | 1,891 |
| Op Inc LTM | 145 |
| FCF LTM | 259 |
| FCF 3Y Avg | 157 |
| CFO LTM | 345 |
| CFO 3Y Avg | 229 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 6.6% |
| Rev Chg 3Y Avg | 11.5% |
| Rev Chg Q | 8.7% |
| QoQ Delta Rev Chg LTM | 2.4% |
| Op Mgn LTM | 12.5% |
| Op Mgn 3Y Avg | 12.2% |
| QoQ Delta Op Mgn LTM | 1.4% |
| CFO/Rev LTM | 18.2% |
| CFO/Rev 3Y Avg | 13.1% |
| FCF/Rev LTM | 13.7% |
| FCF/Rev 3Y Avg | 12.8% |
Price Behavior
| Market Price | $6.75 | |
| Market Cap ($ Bil) | 0.1 | |
| First Trading Date | 08/28/2002 | |
| Distance from 52W High | -71.7% | |
| 50 Days | 200 Days | |
| DMA Price | $7.30 | $10.66 |
| DMA Trend | down | down |
| Distance from DMA | -7.5% | -36.7% |
| 3M | 1YR | |
| Volatility | 51.3% | 65.7% |
| Downside Capture | 137.69 | 191.80 |
| Upside Capture | -75.61 | 50.42 |
| Correlation (SPY) | 22.7% | 35.2% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.41 | 1.19 | 0.96 | 1.17 | 1.19 | 1.09 |
| Up Beta | 2.19 | 1.93 | 2.53 | 2.75 | 1.10 | 0.96 |
| Down Beta | 0.11 | 1.79 | 1.05 | 1.06 | 1.32 | 1.09 |
| Up Capture | -94% | 1% | -43% | -26% | 38% | 142% |
| Bmk +ve Days | 11 | 23 | 37 | 72 | 143 | 431 |
| Stock +ve Days | 8 | 15 | 26 | 58 | 116 | 368 |
| Down Capture | -101% | 137% | 122% | 158% | 136% | 105% |
| Bmk -ve Days | 11 | 18 | 27 | 55 | 108 | 320 |
| Stock -ve Days | 13 | 24 | 36 | 66 | 132 | 377 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| TZOO vs. Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| TZOO | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -67.3% | 21.4% | 19.0% | 66.7% | 4.6% | 4.2% | -4.4% |
| Annualized Volatility | 65.4% | 18.5% | 19.4% | 19.9% | 15.4% | 17.0% | 34.7% |
| Sharpe Ratio | -1.45 | 0.91 | 0.77 | 2.45 | 0.09 | 0.08 | 0.00 |
| Correlation With Other Assets | 37.3% | 35.6% | 2.2% | 9.3% | 27.0% | 19.6% | |
ETFs used for asset classes: Sector ETF = XLC, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, Bitcoin = BTCUSD
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Based On 5-Year Data
| TZOO vs. Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| TZOO | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -6.2% | 12.7% | 14.7% | 18.3% | 11.5% | 5.0% | 27.6% |
| Annualized Volatility | 64.1% | 20.9% | 17.1% | 15.7% | 18.8% | 18.9% | 48.5% |
| Sharpe Ratio | 0.16 | 0.52 | 0.69 | 0.94 | 0.50 | 0.17 | 0.54 |
| Correlation With Other Assets | 30.4% | 29.3% | 4.7% | 11.5% | 23.0% | 16.3% | |
ETFs used for asset classes: Sector ETF = XLC, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| TZOO vs. Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| TZOO | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -2.4% | 13.0% | 14.6% | 14.9% | 6.8% | 5.0% | 71.1% |
| Annualized Volatility | 66.0% | 22.5% | 18.0% | 14.8% | 17.6% | 20.8% | 55.7% |
| Sharpe Ratio | 0.25 | 0.53 | 0.70 | 0.83 | 0.31 | 0.21 | 0.91 |
| Correlation With Other Assets | 32.4% | 32.8% | 1.4% | 15.0% | 28.9% | 11.5% | |
ETFs used for asset classes: Sector ETF = XLC, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/28/2025 | -2.2% | -10.6% | -14.9% |
| 7/23/2025 | -11.2% | -19.1% | -24.1% |
| 2/25/2025 | 10.4% | 5.3% | 1.7% |
| 10/23/2024 | 2.9% | 18.6% | 30.9% |
| 7/25/2024 | 7.5% | 9.0% | 27.8% |
| 2/28/2024 | 5.9% | -0.4% | 14.1% |
| 10/24/2023 | 8.0% | 7.7% | 43.2% |
| 7/27/2023 | 5.7% | 7.2% | -1.7% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 8 | 9 |
| # Negative | 8 | 10 | 9 |
| Median Positive | 6.3% | 7.4% | 14.1% |
| Median Negative | -5.7% | -10.2% | -12.0% |
| Max Positive | 10.4% | 18.6% | 43.2% |
| Max Negative | -11.2% | -19.9% | -53.8% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 11/10/2025 | 10-Q (09/30/2025) |
| 06/30/2025 | 08/12/2025 | 10-Q (06/30/2025) |
| 03/31/2025 | 05/13/2025 | 10-Q (03/31/2025) |
| 12/31/2024 | 03/19/2025 | 10-K (12/31/2024) |
| 09/30/2024 | 11/08/2024 | 10-Q (09/30/2024) |
| 06/30/2024 | 08/09/2024 | 10-Q (06/30/2024) |
| 03/31/2024 | 05/15/2024 | 10-Q (03/31/2024) |
| 12/31/2023 | 03/22/2024 | 10-K (12/31/2023) |
| 09/30/2023 | 11/08/2023 | 10-Q (09/30/2023) |
| 06/30/2023 | 08/14/2023 | 10-Q (06/30/2023) |
| 03/31/2023 | 05/12/2023 | 10-Q (03/31/2023) |
| 12/31/2022 | 03/31/2023 | 10-K (12/31/2022) |
| 09/30/2022 | 11/14/2022 | 10-Q (09/30/2022) |
| 06/30/2022 | 08/10/2022 | 10-Q (06/30/2022) |
| 03/31/2022 | 05/12/2022 | 10-Q (03/31/2022) |
| 12/31/2021 | 03/31/2022 | 10-K (12/31/2021) |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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