BSY vs. ADSK

Last updated Jun 4, 2026

BSY (Bentley Systems, Incorporated) and ADSK (Autodesk, Inc.) are both stocks. Both operate in the Software - Application industry within the Technology sector. Over the past 5 years, BSY returned -11.55%/yr vs -4.22%/yr for ADSK. A 0.61 correlation means they provide meaningful diversification when combined.

Performance

BSY vs. ADSK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bentley Systems, Incorporated (BSY) and Autodesk, Inc. (ADSK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BSY achieves a -14.21% return, which is significantly higher than ADSK's -22.44% return.

BSY

• 1D: -4.06%
• 1M: -2.72%
• YTD: -14.21%
• 6M: -23.05%
• 1Y: -31.08%
• 3Y*: -12.73%
• 5Y*: -11.55%
• 10Y*: —

ADSK

• 1D: -2.98%
• 1M: -7.25%
• YTD: -22.44%
• 6M: -25.27%
• 1Y: -23.34%
• 3Y*: 3.98%
• 5Y*: -4.22%
• 10Y*: 14.69%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BSY vs. ADSK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
BSY Bentley Systems, Incorporated	-14.21%	-17.78%	-10.07%	41.78%	-23.27%	19.57%	21.07%
ADSK Autodesk, Inc.	-22.44%	0.15%	21.39%	30.29%	-33.54%	-7.91%	37.62%

Correlation

The correlation between BSY and ADSK is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (5Y) Calculated over the trailing 5-year period	0.65
Correlation (All Time) Calculated using the full available price history since Sep 24, 2020	0.61

The correlation between BSY and ADSK has been stable across timeframes, ranging from 0.57 to 0.65 - a consistent structural relationship.

Fundamentals

Market Cap BSY : $10.50B ADSK : $48.68B
EPS BSY : $0.85 ADSK : $6.84
PE Ratio BSY : 38.22 ADSK : 33.58
PEG Ratio BSY : 0.93 ADSK : 1.29
PS Ratio BSY : 6.93 ADSK : 6.55
PB Ratio BSY : 8.56 ADSK : 15.26
Total Revenue (TTM) BSY : $1.56B ADSK : $7.51B
Gross Profit (TTM) BSY : $1.27B ADSK : $6.84B
EBITDA (TTM) BSY : $470.83M ADSK : $2.14B

Return for Risk

BSY vs. ADSK — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BSY

BSY Risk / Return Rank: 12
BSY Sharpe Ratio Rank: 7
BSY Sortino Ratio Rank: 9
BSY Omega Ratio Rank: 10
BSY Calmar Ratio Rank: 16
BSY Martin Ratio Rank: 18

ADSK

ADSK Risk / Return Rank: 12
ADSK Sharpe Ratio Rank: 11
ADSK Sortino Ratio Rank: 13
ADSK Omega Ratio Rank: 13
ADSK Calmar Ratio Rank: 14
ADSK Martin Ratio Rank: 8

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BSY vs. ADSK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bentley Systems, Incorporated (BSY) and Autodesk, Inc. (ADSK). 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.

	BSY	ADSK	Difference
Sharpe ratio Return per unit of total volatility	-0.86	-0.72	-0.14
Sortino ratio Return per unit of downside risk	-1.19	-0.87	-0.31
Omega ratio Gain probability vs. loss probability	0.85	0.89	-0.03
Calmar ratio Return relative to maximum drawdown	-0.67	-0.71	+0.04
Martin ratio Return relative to average drawdown	-1.09	-1.37	+0.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BSY vs. ADSK - Sharpe Ratio Comparison

The current BSY Sharpe Ratio is -0.86, which is comparable to the ADSK Sharpe Ratio of -0.72. The chart below compares the historical Sharpe Ratios of BSY and ADSK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BSY	ADSK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.86	-0.72	-0.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.32	-0.12	-0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.40	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.00	0.33	-0.33

Drawdowns

BSY vs. ADSK - Drawdown Comparison

The maximum BSY drawdown since its inception was -61.00%, smaller than the maximum ADSK drawdown of -76.92%. Use the drawdown chart below to compare losses from any high point for BSY and ADSK.

Drawdown Indicators

	BSY	ADSK	Difference
Max Drawdown Largest peak-to-trough decline	-61.00%	-76.92%	+15.92%
Max Drawdown (1Y) Largest decline over 1 year	-46.53%	-33.15%	-13.38%
Max Drawdown (3Y) Largest decline over 3 years	-46.53%	-33.15%	-13.38%
Max Drawdown (5Y) Largest decline over 5 years	-61.00%	-51.99%	-9.01%
Max Drawdown (10Y) Largest decline over 10 years	—	-51.99%	—
Current Drawdown Current decline from peak	-53.11%	-32.92%	-20.19%
Average Drawdown Average peak-to-trough decline	-30.96%	-22.62%	-8.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.69%	17.01%	+11.68%

Volatility

BSY vs. ADSK - Volatility Comparison

Bentley Systems, Incorporated (BSY) has a higher volatility of 13.62% compared to Autodesk, Inc. (ADSK) at 12.66%. This indicates that BSY's price experiences larger fluctuations and is considered to be riskier than ADSK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BSY	ADSK	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.62%	12.66%	+0.96%
Volatility (6M) Calculated over the trailing 6-month period	30.55%	26.80%	+3.75%
Volatility (1Y) Calculated over the trailing 1-year period	36.27%	32.66%	+3.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.16%	35.08%	+1.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.51%	36.42%	+2.09%

Dividends

BSY vs. ADSK - Dividend Comparison

BSY's dividend yield for the trailing twelve months is around 0.86%, while ADSK has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
ADSK Autodesk, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
BSY Bentley Systems, Incorporated	0.86%	0.73%	0.51%	0.38%	0.32%	0.25%	0.07%

Financials

BSY vs. ADSK - Profitability Comparison

The chart below illustrates the profitability comparison between Bentley Systems, Incorporated and Autodesk, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

BSY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Bentley Systems, Incorporated reported a gross profit of 350.41M and revenue of 424.18M. Therefore, the gross margin over that period was 82.6%.

ADSK - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Autodesk, Inc. reported a gross profit of 1.76B and revenue of 1.93B. Therefore, the gross margin over that period was 91.0%.

BSY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Bentley Systems, Incorporated reported an operating income of 126.26M and revenue of 424.18M, resulting in an operating margin of 29.8%.

ADSK - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Autodesk, Inc. reported an operating income of 541.00M and revenue of 1.93B, resulting in an operating margin of 28.0%.

BSY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Bentley Systems, Incorporated reported a net income of 95.39M and revenue of 424.18M, resulting in a net margin of 22.5%.

ADSK - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Autodesk, Inc. reported a net income of 491.00M and revenue of 1.93B, resulting in a net margin of 25.4%.

Frequently Asked Questions

Can I hold both BSY and ADSK in my portfolio?

BSY and ADSK have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BSY or ADSK?

BSY has higher volatility (13.62%) compared to ADSK (12.66%). In terms of maximum drawdown, BSY dropped -61.00% vs ADSK's -76.92%.

Which has better risk-adjusted returns?

ADSK currently has the higher Sharpe Ratio (-0.72 vs -0.86), 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.