DBX vs. PAYX
DBX (Dropbox, Inc.) and PAYX (Paychex, Inc.) are both stocks. DBX operates in Software - Infrastructure (Technology), while PAYX operates in Staffing & Employment Services (Industrials). Over the past 5 years, DBX returned 0.67%/yr vs 3.69%/yr for PAYX. Their 0.37 correlation means their historical movements had little consistent relationship.
Performance
DBX vs. PAYX - Performance Comparison
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Returns By Period
In the year-to-date period, DBX achieves a 17.12% return, which is significantly higher than PAYX's 7.70% return.
DBX
- 1D
- 1.40%
- 1M
- 14.01%
- 6M
- 27.79%
- YTD
- 17.12%
- 1Y
- 23.05%
- 3Y*
- 6.77%
- 5Y*
- 0.67%
- 10Y*
- —
- ALL TIME*
- 1.40%
PAYX
- 1D
- 0.44%
- 1M
- 11.01%
- 6M
- 15.95%
- YTD
- 7.70%
- 1Y
- -12.45%
- 3Y*
- 1.18%
- 5Y*
- 3.69%
- 10Y*
- 10.47%
- ALL TIME*
- 18.25%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $121.86M | $110.24M | $113.08M | |
PAYX Paychex, Inc. | $415.46M | $367.73M | $350.34M |
DBX vs. PAYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
DBX Dropbox, Inc. | 17.12% | -7.46% | 1.90% | 31.72% | -8.80% | 10.59% | 23.90% | -12.33% | -29.55% |
PAYX Paychex, Inc. | 7.70% | -17.49% | 21.31% | 6.21% | -13.16% | 50.16% | 13.25% | 34.53% | 5.30% |
Correlation
The correlation between DBX and PAYX is 0.48, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.48 |
Correlation (3Y) Balances recent behavior with more history. | 0.37 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.43 |
Correlation (All Time) Calculated using the full available price history since Mar 23, 2018 | 0.37 |
The correlation between DBX and PAYX shifts across timeframes, from 0.37 (3 years) to 0.48 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
DBX:
$8.29B
PAYX:
$41.56B
DBX:
$1.88
PAYX:
$4.88
DBX:
17.36
PAYX:
23.93
DBX:
0.68
PAYX:
3.82
DBX:
3.25
PAYX:
6.47
DBX:
$2.53B
PAYX:
$6.51B
DBX:
$2.01B
PAYX:
$4.84B
DBX:
$819.80M
PAYX:
$2.90B
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Return for Risk
DBX vs. PAYX — Risk / Return Rank
DBX
PAYX
DBX vs. PAYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dropbox, Inc. (DBX) and Paychex, Inc. (PAYX). 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.
| DBX | PAYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.12 | ||
| Sortino ratioReturn per unit of downside risk | +1.74 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 0.92 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.63 | -0.41 | +1.04 |
| Martin ratioReturn relative to average drawdown | 1.26 | -0.66 | +1.92 |
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Drawdowns
DBX vs. PAYX - Drawdown Comparison
The maximum DBX drawdown since its inception was -62.64%, roughly equal to the maximum PAYX drawdown of -64.85%. Use the drawdown chart below to compare losses from any high point for DBX and PAYX.
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Drawdown Indicators
| DBX | PAYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.64% | -64.85% | +2.21% |
Max Drawdown (1Y)Largest decline over 1 year | -31.43% | -38.17% | +6.74% |
Max Drawdown (3Y)Largest decline over 3 years | -37.39% | -44.95% | +7.56% |
Max Drawdown (5Y)Largest decline over 5 years | -41.52% | -44.95% | +3.43% |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.95% | — |
Current DrawdownCurrent decline from peak | -22.48% | -23.07% | +0.59% |
Average DrawdownAverage peak-to-trough decline | -40.34% | -18.00% | -22.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.76% | 25.04% | -9.28% |
Volatility
DBX vs. PAYX - Volatility Comparison
Dropbox, Inc. (DBX) and Paychex, Inc. (PAYX) have volatilities of 10.54% and 10.62%, 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
| DBX | PAYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.54% | 10.62% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 29.35% | 23.27% | +6.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.96% | 27.68% | +8.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.84% | 24.36% | +9.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.90% | 25.46% | +13.44% |
Dividends
DBX vs. PAYX - Dividend Comparison
DBX has not paid dividends to shareholders, while PAYX's dividend yield for the trailing twelve months is around 3.89%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBX Dropbox, 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% |
PAYX Paychex, Inc. | 3.89% | 3.76% | 2.73% | 2.90% | 2.62% | 1.90% | 2.66% | 2.85% | 3.35% | 2.82% | 2.89% | 3.03% |
Financials
DBX vs. PAYX - Financials Comparison
This section allows you to compare key financial metrics between Dropbox, Inc. and Paychex, 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
DBX vs. PAYX - Profitability Comparison
DBX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Dropbox, Inc. reported a gross profit of 501.40M and revenue of 629.50M. Therefore, the gross margin over that period was 79.7%.
PAYX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Paychex, Inc. reported a gross profit of 1.19B and revenue of 1.61B. Therefore, the gross margin over that period was 74.0%.
DBX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Dropbox, Inc. reported an operating income of 172.80M and revenue of 629.50M, resulting in an operating margin of 27.5%.
PAYX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Paychex, Inc. reported an operating income of 604.70M and revenue of 1.61B, resulting in an operating margin of 37.7%.
DBX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Dropbox, Inc. reported a net income of 114.50M and revenue of 629.50M, resulting in a net margin of 18.2%.
PAYX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Paychex, Inc. reported a net income of 420.60M and revenue of 1.61B, resulting in a net margin of 26.2%.
Frequently Asked Questions
DBX and PAYX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PAYX has higher volatility (10.62%) compared to DBX (10.54%). In terms of maximum drawdown, DBX dropped -62.64% vs PAYX's -64.85%.
DBX currently has the higher Sharpe Ratio (0.55 vs -0.56), 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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