DSGX vs. DTF

Last updated Jun 3, 2026

DSGX (The Descartes Systems Group Inc.) and DTF (DTF Tax-Free Income 2028 Term Fund Inc.) are both stocks. DSGX operates in Software - Application (Technology), while DTF operates in Asset Management (Financial Services). Over the past 10 years, DSGX returned 14.06%/yr vs 0.09%/yr for DTF. At a 0.05 correlation, their price movements are largely independent.

Performance

DSGX vs. DTF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The Descartes Systems Group Inc. (DSGX) and DTF Tax-Free Income 2028 Term Fund Inc. (DTF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DSGX achieves a -11.46% return, which is significantly lower than DTF's 1.70% return. Over the past 10 years, DSGX has outperformed DTF with an annualized return of 14.06%, while DTF has yielded a comparatively lower 0.09% annualized return.

DSGX

• 1D: -2.81%
• 1M: 6.13%
• YTD: -11.46%
• 6M: -5.94%
• 1Y: -32.09%
• 3Y*: 0.27%
• 5Y*: 4.71%
• 10Y*: 14.06%

DTF

• 1D: -0.22%
• 1M: 0.55%
• YTD: 1.70%
• 6M: 3.25%
• 1Y: 6.08%
• 3Y*: 5.57%
• 5Y*: -1.59%
• 10Y*: 0.09%

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

DSGX vs. DTF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DSGX The Descartes Systems Group Inc.	-11.46%	-22.83%	35.14%	20.69%	-15.76%	41.38%	36.89%	61.45%	-6.83%	32.71%
DTF DTF Tax-Free Income 2028 Term Fund Inc.	1.70%	5.41%	8.07%	2.12%	-21.17%	0.09%	4.11%	23.44%	-7.25%	2.16%

Correlation

The correlation between DSGX and DTF is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.07
Correlation (5Y) Calculated over the trailing 5-year period	0.10
Correlation (10Y) Calculated over the trailing 10-year period	0.07
Correlation (All Time) Calculated using the full available price history since Jan 28, 1999	0.05

The correlation between DSGX and DTF shifts across timeframes, from -0.05 (1 year) to 0.10 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap DSGX : $6.80B DTF : $80.49M
EPS DSGX : $1.87 DTF : $0.93
PE Ratio DSGX : 41.41 DTF : 12.25
PS Ratio DSGX : 9.30 DTF : 14.40
PB Ratio DSGX : 4.22 DTF : 0.94
Total Revenue (TTM) DSGX : $730.62M DTF : $5.59M
Gross Profit (TTM) DSGX : $521.45M DTF : $5.07M
EBITDA (TTM) DSGX : $309.43M DTF : $5.07M

Return for Risk

DSGX vs. DTF — Risk / Return Rank

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

DSGX

DSGX Risk / Return Rank: 11
DSGX Sharpe Ratio Rank: 8
DSGX Sortino Ratio Rank: 9
DSGX Omega Ratio Rank: 10
DSGX Calmar Ratio Rank: 13
DSGX Martin Ratio Rank: 13

DTF

DTF Risk / Return Rank: 75
DTF Sharpe Ratio Rank: 74
DTF Sortino Ratio Rank: 70
DTF Omega Ratio Rank: 67
DTF Calmar Ratio Rank: 81
DTF Martin Ratio Rank: 83

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.

DSGX vs. DTF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Descartes Systems Group Inc. (DSGX) and DTF Tax-Free Income 2028 Term Fund Inc. (DTF). 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.

	DSGX	DTF	Difference
Sharpe ratio Return per unit of total volatility	-0.84	1.16	-2.00
Sortino ratio Return per unit of downside risk	-1.14	1.77	-2.91
Omega ratio Gain probability vs. loss probability	0.86	1.21	-0.35
Calmar ratio Return relative to maximum drawdown	-0.72	2.83	-3.55
Martin ratio Return relative to average drawdown	-1.20	8.27	-9.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DSGX vs. DTF - Sharpe Ratio Comparison

The current DSGX Sharpe Ratio is -0.84, which is lower than the DTF Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of DSGX and DTF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DSGX	DTF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.84	1.16	-2.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.16	-0.20	+0.35
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	0.01	+0.47
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	0.26	-0.10

Drawdowns

DSGX vs. DTF - Drawdown Comparison

The maximum DSGX drawdown since its inception was -98.95%, which is greater than DTF's maximum drawdown of -37.49%. Use the drawdown chart below to compare losses from any high point for DSGX and DTF.

Drawdown Indicators

	DSGX	DTF	Difference
Max Drawdown Largest peak-to-trough decline	-98.95%	-37.49%	-61.46%
Max Drawdown (1Y) Largest decline over 1 year	-45.66%	-2.05%	-43.61%
Max Drawdown (3Y) Largest decline over 3 years	-48.72%	-5.42%	-43.30%
Max Drawdown (5Y) Largest decline over 5 years	-48.72%	-25.73%	-22.99%
Max Drawdown (10Y) Largest decline over 10 years	-48.72%	-25.73%	-22.99%
Current Drawdown Current decline from peak	-36.64%	-9.45%	-27.19%
Average Drawdown Average peak-to-trough decline	-69.26%	-9.22%	-60.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.63%	0.70%	+26.93%

Volatility

DSGX vs. DTF - Volatility Comparison

The Descartes Systems Group Inc. (DSGX) has a higher volatility of 13.52% compared to DTF Tax-Free Income 2028 Term Fund Inc. (DTF) at 1.71%. This indicates that DSGX's price experiences larger fluctuations and is considered to be riskier than DTF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DSGX	DTF	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.52%	1.71%	+11.81%
Volatility (6M) Calculated over the trailing 6-month period	31.00%	3.94%	+27.06%
Volatility (1Y) Calculated over the trailing 1-year period	38.49%	5.27%	+33.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.47%	8.07%	+22.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.47%	9.56%	+19.91%

Dividends

DSGX vs. DTF - Dividend Comparison

DSGX has not paid dividends to shareholders, while DTF's dividend yield for the trailing twelve months is around 3.41%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DSGX The Descartes Systems Group 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%
DTF DTF Tax-Free Income 2028 Term Fund Inc.	3.41%	3.42%	3.48%	3.63%	3.57%	4.35%	3.22%	2.98%	5.48%	4.95%	6.53%	5.81%

Financials

Frequently Asked Questions

Can I hold both DSGX and DTF in my portfolio?

DSGX and DTF have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DSGX or DTF?

DSGX has higher volatility (13.52%) compared to DTF (1.71%). In terms of maximum drawdown, DSGX dropped -98.95% vs DTF's -37.49%.

Which has better risk-adjusted returns?

DTF currently has the higher Sharpe Ratio (1.16 vs -0.84), 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.