DOX vs. MSFT

Last updated Jun 23, 2026

DOX (Amdocs Limited) and MSFT (Microsoft Corporation) are both stocks. Both operate in the Software - Infrastructure industry within the Technology sector. Over the past 10 years, DOX returned 1.38%/yr vs 23.62%/yr for MSFT. At a 0.36 correlation, their price movements are largely independent.

Performance

DOX vs. MSFT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amdocs Limited (DOX) and Microsoft Corporation (MSFT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DOX achieves a -35.23% return, which is significantly lower than MSFT's -23.71% return. Over the past 10 years, DOX has underperformed MSFT with an annualized return of 1.38%, while MSFT has yielded a comparatively higher 23.62% annualized return.

DOX

• 1D: 0.43%
• 1M: -17.51%
• YTD: -35.23%
• 6M: -34.47%
• 1Y: -41.75%
• 3Y*: -16.67%
• 5Y*: -5.84%
• 10Y*: 1.38%

MSFT

• 1D: -3.18%
• 1M: -12.24%
• YTD: -23.71%
• 6M: -23.91%
• 1Y: -22.44%
• 3Y*: 3.92%
• 5Y*: 7.61%
• 10Y*: 23.62%

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

DOX vs. MSFT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DOX Amdocs Limited	-35.23%	-3.08%	-0.92%	-1.44%	23.77%	7.49%	0.45%	25.49%	-9.12%	13.97%
MSFT Microsoft Corporation	-23.71%	15.58%	12.93%	58.19%	-28.02%	52.48%	42.53%	57.56%	20.80%	40.73%

Correlation

The correlation between DOX and MSFT is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.36
Correlation (10Y) Calculated over the trailing 10-year period	0.39
Correlation (All Time) Calculated using the full available price history since Jun 19, 1998	0.36

The correlation between DOX and MSFT shifts across timeframes, from 0.25 (1 year) to 0.39 (10 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap DOX : $5.56B MSFT : $2.73T
EPS DOX : $5.00 MSFT : $16.79
PE Ratio DOX : 10.33 MSFT : 21.88
PS Ratio DOX : 1.22 MSFT : 8.61
PB Ratio DOX : 1.64 MSFT : 6.60
Total Revenue (TTM) DOX : $4.62B MSFT : $318.27B
Gross Profit (TTM) DOX : $1.73B MSFT : $217.41B
EBITDA (TTM) DOX : $951.97M MSFT : $200.96B

Return for Risk

DOX vs. MSFT — Risk / Return Rank

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

DOX

DOX Risk / Return Rank: 1
DOX Sharpe Ratio Rank: 0
DOX Sortino Ratio Rank: 1
DOX Omega Ratio Rank: 2
DOX Calmar Ratio Rank: 3
DOX Martin Ratio Rank: 1

MSFT

MSFT Risk / Return Rank: 11
MSFT Sharpe Ratio Rank: 8
MSFT Sortino Ratio Rank: 10
MSFT Omega Ratio Rank: 10
MSFT Calmar Ratio Rank: 17
MSFT Martin Ratio Rank: 10

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.

DOX vs. MSFT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amdocs Limited (DOX) and Microsoft Corporation (MSFT). 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.

	DOX	MSFT	Difference
Sharpe ratio: Return per unit of total volatility	-1.59	-0.87	-0.73
Sortino ratio: Return per unit of downside risk	-2.35	-1.10	-1.25
Omega ratio: Gain probability vs. loss probability	0.71	0.86	-0.15
Calmar ratio: Return relative to maximum drawdown	-0.97	-0.66	-0.31
Martin ratio: Return relative to average drawdown	-2.12	-1.32	-0.80

DOX vs. MSFT - Sharpe Ratio Comparison

The current DOX Sharpe Ratio is -1.59, which is lower than the MSFT Sharpe Ratio of -0.87. The chart below compares the historical Sharpe Ratios of DOX and MSFT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DOX vs. MSFT - Drawdown Comparison

The maximum DOX drawdown since its inception was -93.37%, which is greater than MSFT's maximum drawdown of -69.38%. Use the drawdown chart below to compare losses from any high point for DOX and MSFT.

Drawdown Indicators

	DOX	MSFT	Difference
Max Drawdown Largest peak-to-trough decline	-93.37%	-69.38%	-23.99%
Max Drawdown (1Y) Largest decline over 1 year	-43.20%	-33.91%	-9.29%
Max Drawdown (3Y) Largest decline over 3 years	-44.37%	-33.91%	-10.46%
Max Drawdown (5Y) Largest decline over 5 years	-44.37%	-37.15%	-7.22%
Max Drawdown (10Y) Largest decline over 10 years	-44.37%	-37.15%	-7.22%
Current Drawdown Current decline from peak	-44.14%	-31.80%	-12.34%
Average Drawdown Average peak-to-trough decline	-41.82%	-21.79%	-20.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.67%	16.97%	+2.70%

Volatility

DOX vs. MSFT - Volatility Comparison

The current volatility for Amdocs Limited (DOX) is 9.83%, while Microsoft Corporation (MSFT) has a volatility of 11.08%. This indicates that DOX experiences smaller price fluctuations and is considered to be less risky than MSFT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DOX	MSFT	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.83%	11.08%	-1.25%
Volatility (6M) Calculated over the trailing 6-month period	21.34%	22.93%	-1.59%
Volatility (1Y) Calculated over the trailing 1-year period	26.32%	26.01%	+0.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.82%	26.78%	-5.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.46%	27.11%	-5.65%

Dividends

DOX vs. MSFT - Dividend Comparison

DOX's dividend yield for the trailing twelve months is around 4.16%, more than MSFT's 0.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DOX Amdocs Limited	4.16%	2.62%	2.25%	1.98%	1.74%	1.92%	1.85%	1.58%	1.71%	1.34%	1.34%	1.25%
MSFT Microsoft Corporation	0.97%	0.70%	0.73%	0.74%	1.06%	0.68%	0.94%	1.20%	1.69%	1.86%	2.37%	2.33%

Financials

DOX vs. MSFT - Profitability Comparison

The chart below illustrates the profitability comparison between Amdocs Limited and Microsoft Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

DOX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Amdocs Limited reported a gross profit of 434.07M and revenue of 1.17B. Therefore, the gross margin over that period was 37.0%.

MSFT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Microsoft Corporation reported a gross profit of 56.06B and revenue of 82.89B. Therefore, the gross margin over that period was 67.6%.

DOX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Amdocs Limited reported an operating income of 192.53M and revenue of 1.17B, resulting in an operating margin of 16.4%.

MSFT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Microsoft Corporation reported an operating income of 38.40B and revenue of 82.89B, resulting in an operating margin of 46.3%.

DOX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Amdocs Limited reported a net income of 137.82M and revenue of 1.17B, resulting in a net margin of 11.8%.

MSFT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Microsoft Corporation reported a net income of 31.78B and revenue of 82.89B, resulting in a net margin of 38.3%.

Frequently Asked Questions

Can I hold both DOX and MSFT in my portfolio?

DOX and MSFT have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DOX or MSFT?

MSFT has higher volatility (11.08%) compared to DOX (9.83%). In terms of maximum drawdown, DOX dropped -93.37% vs MSFT's -69.38%.

Which has better risk-adjusted returns?

MSFT currently has the higher Sharpe Ratio (-0.87 vs -1.59), 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.