DOX vs. SNX

Last updated Jul 14, 2026

DOX (Amdocs Limited) and SNX (TD SYNNEX Corporation) are both stocks. Both are in the Technology sector — DOX in Software - Infrastructure, SNX in Information Technology Services. Over the past 10 years, DOX returned 1.08%/yr vs 18.83%/yr for SNX. At a 0.37 correlation, their price movements are largely independent.

Performance

DOX vs. SNX - Performance Comparison

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

Returns By Period

In the year-to-date period, DOX achieves a -33.15% return, which is significantly lower than SNX's 68.21% return. Over the past 10 years, DOX has underperformed SNX with an annualized return of 1.08%, while SNX has yielded a comparatively higher 18.83% annualized return.

DOX

• 1D: 1.64%
• 1M: -5.41%
• 6M: -35.91%
• YTD: -33.15%
• 1Y: -38.22%
• 3Y*: -16.27%
• 5Y*: -5.56%
• 10Y*: 1.08%

SNX

• 1D: -0.08%
• 1M: -10.45%
• 6M: 68.14%
• YTD: 68.21%
• 1Y: 78.73%
• 3Y*: 38.79%
• 5Y*: 18.09%
• 10Y*: 18.83%

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

DOX vs. SNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DOX Amdocs Limited	-33.15%	-3.08%	-0.92%	-1.44%	23.77%	7.49%	0.45%	25.49%	-9.12%	13.97%
SNX TD SYNNEX Corporation	68.21%	29.82%	10.55%	15.25%	-16.11%	41.48%	26.81%	61.74%	-39.71%	13.33%

Correlation

The correlation between DOX and SNX is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.37
Correlation (10Y) Calculated over the trailing 10-year period	0.38
Correlation (All Time) Calculated using the full available price history since Nov 25, 2003	0.37

Over the past year, the correlation between DOX and SNX has dropped to 0.16 - well below their long-term average of 0.37, suggesting their price drivers have been diverging.

Fundamentals

Market Cap DOX : $5.68B SNX : $20.09B
EPS DOX : $5.03 SNX : $18.75
PE Ratio DOX : 10.49 SNX : 13.40
PS Ratio DOX : 1.24 SNX : 0.29
PB Ratio DOX : 1.68 SNX : 2.25
Total Revenue (TTM) DOX : $4.62B SNX : $69.77B
Gross Profit (TTM) DOX : $1.73B SNX : $4.76B
EBITDA (TTM) DOX : $951.97M SNX : $1.66B

Return for Risk

DOX vs. SNX — Risk / Return Rank

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

DOX

DOX Risk / Return Rank: 3
DOX Sharpe Ratio Rank: 1
DOX Sortino Ratio Rank: 3
DOX Omega Ratio Rank: 3
DOX Calmar Ratio Rank: 8
DOX Martin Ratio Rank: 1

SNX

SNX Risk / Return Rank: 94
SNX Sharpe Ratio Rank: 95
SNX Sortino Ratio Rank: 94
SNX Omega Ratio Rank: 93
SNX Calmar Ratio Rank: 92
SNX Martin Ratio Rank: 93

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. SNX - Risk-Adjusted Trends Comparison

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

	DOX	SNX	Difference
Sharpe ratio: Return per unit of total volatility	-1.43	2.55	-3.97
Sortino ratio: Return per unit of downside risk	-2.06	3.32	-5.37
Omega ratio: Gain probability vs. loss probability	0.74	1.43	-0.69
Calmar ratio: Return relative to maximum drawdown	-0.89	4.22	-5.10
Martin ratio: Return relative to average drawdown	-1.90	12.55	-14.45

DOX vs. SNX - Sharpe Ratio Comparison

The current DOX Sharpe Ratio is -1.43, which is lower than the SNX Sharpe Ratio of 2.55. The chart below compares the historical Sharpe Ratios of DOX and SNX, 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. SNX - Drawdown Comparison

The maximum DOX drawdown since its inception was -93.37%, which is greater than SNX's maximum drawdown of -67.27%. Use the drawdown chart below to compare losses from any high point for DOX and SNX.

Drawdown Indicators

	DOX	SNX	Difference
Max Drawdown Largest peak-to-trough decline	-93.37%	-67.27%	-26.10%
Max Drawdown (1Y) Largest decline over 1 year	-43.18%	-18.77%	-24.41%
Max Drawdown (3Y) Largest decline over 3 years	-45.51%	-33.78%	-11.73%
Max Drawdown (5Y) Largest decline over 5 years	-46.10%	-36.52%	-9.58%
Max Drawdown (10Y) Largest decline over 10 years	-46.10%	-55.94%	+9.84%
Current Drawdown Current decline from peak	-42.34%	-13.38%	-28.96%
Average Drawdown Average peak-to-trough decline	-41.83%	-15.32%	-26.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.10%	6.29%	+13.81%

Volatility

DOX vs. SNX - Volatility Comparison

The current volatility for Amdocs Limited (DOX) is 10.14%, while TD SYNNEX Corporation (SNX) has a volatility of 11.57%. This indicates that DOX experiences smaller price fluctuations and is considered to be less risky than SNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DOX	SNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.14%	11.57%	-1.43%
Volatility (6M) Calculated over the trailing 6-month period	22.22%	25.69%	-3.47%
Volatility (1Y) Calculated over the trailing 1-year period	26.93%	31.14%	-4.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.97%	29.74%	-8.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.52%	34.66%	-13.14%

Dividends

DOX vs. SNX - Dividend Comparison

DOX's dividend yield for the trailing twelve months is around 4.15%, more than SNX's 0.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DOX Amdocs Limited	4.15%	2.62%	2.25%	1.98%	1.74%	1.92%	1.85%	1.58%	1.71%	1.34%	1.34%	1.25%
SNX TD SYNNEX Corporation	0.56%	1.17%	1.36%	1.30%	1.27%	0.70%	0.25%	1.16%	1.73%	0.77%	0.70%	0.64%

Financials

DOX vs. SNX - Profitability Comparison

The chart below illustrates the profitability comparison between Amdocs Limited and TD SYNNEX 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 Jul 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%.

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%.

DOX - Operating Margin

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

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%.

DOX - Net Margin

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

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

Can I hold both DOX and SNX in my portfolio?

DOX and SNX have a correlation of 0.16, 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 SNX?

SNX has higher volatility (11.57%) compared to DOX (10.14%). In terms of maximum drawdown, DOX dropped -93.37% vs SNX's -67.27%.

Which has better risk-adjusted returns?

SNX currently has the higher Sharpe Ratio (2.55 vs -1.43), 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.