CDW vs. SNX
CDW (CDW Corporation) and SNX (TD SYNNEX Corporation) are both stocks. Both operate in the Information Technology Services industry within the Technology sector. Over the past 10 years, CDW returned 13.89%/yr vs 18.48%/yr for SNX. A 0.58 correlation means they provide meaningful diversification when combined.
Performance
CDW vs. SNX - Performance Comparison
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Returns By Period
In the year-to-date period, CDW achieves a -0.28% return, which is significantly lower than SNX's 63.05% return. Over the past 10 years, CDW has underperformed SNX with an annualized return of 13.89%, while SNX has yielded a comparatively higher 18.48% annualized return.
CDW
- 1D
- 2.66%
- 1M
- 3.27%
- 6M
- 2.67%
- YTD
- -0.28%
- 1Y
- -22.08%
- 3Y*
- -9.56%
- 5Y*
- -3.83%
- 10Y*
- 13.89%
SNX
- 1D
- -2.60%
- 1M
- -13.65%
- 6M
- 62.88%
- YTD
- 63.05%
- 1Y
- 73.94%
- 3Y*
- 37.08%
- 5Y*
- 18.36%
- 10Y*
- 18.48%
CDW vs. SNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CDW CDW Corporation | -0.28% | -20.56% | -22.57% | 28.84% | -11.75% | 56.87% | -6.55% | 78.22% | 17.98% | 34.92% |
SNX TD SYNNEX Corporation | 63.05% | 29.82% | 10.55% | 15.25% | -16.11% | 41.48% | 26.81% | 61.74% | -39.71% | 13.33% |
Correlation
The correlation between CDW and SNX is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2013 | 0.58 |
The correlation between CDW and SNX shifts across timeframes, from 0.44 (1 year) to 0.64 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
CDW:
$17.16B
SNX:
$19.48B
CDW:
$8.25
SNX:
$18.75
CDW:
16.29
SNX:
12.99
CDW:
4.63
SNX:
1.00
CDW:
0.77
SNX:
0.28
CDW:
6.81
SNX:
2.18
CDW:
$22.90B
SNX:
$69.77B
CDW:
$4.94B
SNX:
$4.76B
CDW:
$1.89B
SNX:
$1.66B
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Return for Risk
CDW vs. SNX — Risk / Return Rank
CDW
SNX
CDW vs. SNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CDW Corporation (CDW) and TD SYNNEX Corporation (SNX). 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.
| CDW | SNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.91 | ||
| Sortino ratioReturn per unit of downside risk | -3.63 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.40 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.49 | 3.96 | -4.45 |
| Martin ratioReturn relative to average drawdown | -0.92 | 11.44 | -12.36 |
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Drawdowns
CDW vs. SNX - Drawdown Comparison
The maximum CDW drawdown since its inception was -60.37%, smaller than the maximum SNX drawdown of -67.27%. Use the drawdown chart below to compare losses from any high point for CDW and SNX.
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Drawdown Indicators
| CDW | SNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.37% | -67.27% | +6.90% |
Max Drawdown (1Y)Largest decline over 1 year | -44.77% | -18.77% | -26.00% |
Max Drawdown (3Y)Largest decline over 3 years | -60.37% | -33.78% | -26.59% |
Max Drawdown (5Y)Largest decline over 5 years | -60.37% | -36.52% | -23.85% |
Max Drawdown (10Y)Largest decline over 10 years | -60.37% | -55.94% | -4.43% |
Current DrawdownCurrent decline from peak | -46.06% | -16.04% | -30.02% |
Average DrawdownAverage peak-to-trough decline | -11.23% | -15.32% | +4.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.14% | 6.48% | +17.66% |
Volatility
CDW vs. SNX - Volatility Comparison
CDW Corporation (CDW) has a higher volatility of 14.30% compared to TD SYNNEX Corporation (SNX) at 10.81%. This indicates that CDW's price experiences larger fluctuations and is considered to be riskier than SNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CDW | SNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.30% | 10.81% | +3.49% |
Volatility (6M)Calculated over the trailing 6-month period | 37.99% | 25.65% | +12.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.13% | 31.23% | +10.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.54% | 29.73% | +1.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.19% | 34.66% | -3.47% |
Dividends
CDW vs. SNX - Dividend Comparison
CDW's dividend yield for the trailing twelve months is around 1.87%, more than SNX's 0.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CDW CDW Corporation | 1.87% | 1.84% | 1.43% | 1.05% | 1.17% | 0.83% | 1.17% | 0.89% | 1.14% | 0.99% | 0.93% | 0.74% |
SNX TD SYNNEX Corporation | 0.57% | 1.17% | 1.36% | 1.30% | 1.27% | 0.70% | 0.25% | 1.16% | 1.73% | 0.77% | 0.70% | 0.64% |
Financials
CDW vs. SNX - Financials Comparison
This section allows you to compare key financial metrics between CDW Corporation and TD SYNNEX Corporation. 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
CDW vs. SNX - Profitability Comparison
CDW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, CDW Corporation reported a gross profit of 1.19B and revenue of 5.68B. Therefore, the gross margin over that period was 21.0%.
SNX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, TD SYNNEX Corporation reported a gross profit of 1.34B and revenue of 19.57B. Therefore, the gross margin over that period was 6.8%.
CDW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, CDW Corporation reported an operating income of 376.00M and revenue of 5.68B, resulting in an operating margin of 6.6%.
SNX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, TD SYNNEX Corporation reported an operating income of 519.36M and revenue of 19.57B, resulting in an operating margin of 2.7%.
CDW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, CDW Corporation reported a net income of 235.40M and revenue of 5.68B, resulting in a net margin of 4.1%.
SNX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, TD SYNNEX Corporation reported a net income of 716.76M and revenue of 19.57B, resulting in a net margin of 3.7%.
Frequently Asked Questions
CDW and SNX have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CDW has higher volatility (14.30%) compared to SNX (10.81%). In terms of maximum drawdown, CDW dropped -60.37% vs SNX's -67.27%.
SNX currently has the higher Sharpe Ratio (2.38 vs -0.53), 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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