DCBO vs. OTEX
DCBO (Docebo Inc) and OTEX (Open Text Corp) are both stocks. Both operate in the Software - Application industry within the Technology sector. Over the past 5 years, DCBO returned -20.27%/yr vs -10.93%/yr for OTEX. A 0.50 correlation means they provide meaningful diversification when combined.
Performance
DCBO vs. OTEX - Performance Comparison
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Returns By Period
In the year-to-date period, DCBO achieves a -24.50% return, which is significantly higher than OTEX's -26.50% return.
DCBO
- 1D
- -11.32%
- 1M
- -20.98%
- YTD
- -24.50%
- 6M
- -22.41%
- 1Y
- -38.04%
- 3Y*
- -21.46%
- 5Y*
- -20.27%
- 10Y*
- —
OTEX
- 1D
- -4.44%
- 1M
- 2.33%
- YTD
- -26.50%
- 6M
- -27.85%
- 1Y
- -13.37%
- 3Y*
- -14.89%
- 5Y*
- -10.93%
- 10Y*
- -0.17%
DCBO vs. OTEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
DCBO Docebo Inc | -24.50% | -50.41% | -7.46% | 45.99% | -50.80% | 3.49% | 30.18% |
OTEX Open Text Corp | -26.50% | 19.25% | -30.41% | 45.42% | -35.89% | 6.28% | 0.69% |
Correlation
The correlation between DCBO and OTEX is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2020 | 0.50 |
The correlation between DCBO and OTEX has been stable across timeframes, ranging from 0.45 to 0.51 - a consistent structural relationship.
Fundamentals
DCBO:
$470.54M
OTEX:
$5.87B
DCBO:
$1.19
OTEX:
$2.04
DCBO:
14.11
OTEX:
11.61
DCBO:
0.05
OTEX:
0.28
DCBO:
1.96
OTEX:
1.15
DCBO:
$250.39M
OTEX:
$5.23B
DCBO:
$196.28M
OTEX:
$3.70B
DCBO:
$27.01M
OTEX:
$1.39B
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Return for Risk
DCBO vs. OTEX — Risk / Return Rank
DCBO
OTEX
DCBO vs. OTEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Docebo Inc (DCBO) and Open Text Corp (OTEX). 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.
| DCBO | OTEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.59 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 0.96 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.70 | -0.28 | -0.42 |
| Martin ratioReturn relative to average drawdown | -1.24 | -0.54 | -0.70 |
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
| DCBO | OTEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.74 | -0.37 | -0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.39 | -0.35 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.01 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.35 | 0.26 | -0.60 |
Drawdowns
DCBO vs. OTEX - Drawdown Comparison
The maximum DCBO drawdown since its inception was -84.08%, which is greater than OTEX's maximum drawdown of -72.05%. Use the drawdown chart below to compare losses from any high point for DCBO and OTEX.
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Drawdown Indicators
| DCBO | OTEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.08% | -72.05% | -12.03% |
Max Drawdown (1Y)Largest decline over 1 year | -54.35% | -47.21% | -7.14% |
Max Drawdown (3Y)Largest decline over 3 years | -73.03% | -49.64% | -23.39% |
Max Drawdown (5Y)Largest decline over 5 years | -84.08% | -57.15% | -26.93% |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.15% | — |
Current DrawdownCurrent decline from peak | -81.85% | -50.62% | -31.23% |
Average DrawdownAverage peak-to-trough decline | -52.36% | -24.88% | -27.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.78% | 25.01% | +5.77% |
Volatility
DCBO vs. OTEX - Volatility Comparison
Docebo Inc (DCBO) has a higher volatility of 23.38% compared to Open Text Corp (OTEX) at 13.86%. This indicates that DCBO's price experiences larger fluctuations and is considered to be riskier than OTEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DCBO | OTEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.38% | 13.86% | +9.52% |
Volatility (6M)Calculated over the trailing 6-month period | 46.46% | 28.43% | +18.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.78% | 36.04% | +15.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.78% | 31.22% | +20.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.41% | 28.58% | +23.83% |
Dividends
DCBO vs. OTEX - Dividend Comparison
DCBO has not paid dividends to shareholders, while OTEX's dividend yield for the trailing twelve months is around 4.59%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DCBO Docebo 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% |
OTEX Open Text Corp | 4.59% | 3.30% | 3.62% | 2.35% | 3.13% | 1.78% | 1.59% | 1.53% | 1.80% | 1.43% | 1.44% | 1.61% |
Financials
DCBO vs. OTEX - Financials Comparison
This section allows you to compare key financial metrics between Docebo Inc and Open Text Corp. 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
DCBO vs. OTEX - Profitability Comparison
DCBO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Docebo Inc reported a gross profit of 48.66M and revenue of 64.71M. Therefore, the gross margin over that period was 75.2%.
OTEX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Open Text Corp reported a gross profit of 937.27M and revenue of 1.28B. Therefore, the gross margin over that period was 73.1%.
DCBO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Docebo Inc reported an operating income of -38.46K and revenue of 64.71M, resulting in an operating margin of -0.1%.
OTEX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Open Text Corp reported an operating income of 201.21M and revenue of 1.28B, resulting in an operating margin of 15.7%.
DCBO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Docebo Inc reported a net income of -1.60M and revenue of 64.71M, resulting in a net margin of -2.5%.
OTEX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Open Text Corp reported a net income of 172.65M and revenue of 1.28B, resulting in a net margin of 13.5%.
Frequently Asked Questions
DCBO and OTEX 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.
DCBO has higher volatility (23.38%) compared to OTEX (13.86%). In terms of maximum drawdown, DCBO dropped -84.08% vs OTEX's -72.05%.
OTEX currently has the higher Sharpe Ratio (-0.37 vs -0.74), 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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