DSGX vs. MANH
DSGX (The Descartes Systems Group Inc.) and MANH (Manhattan Associates, Inc.) are both stocks. Both operate in the Software - Application industry within the Technology sector. Over the past 10 years, DSGX returned 13.56%/yr vs 7.68%/yr for MANH. At a 0.29 correlation, their price movements are largely independent.
Performance
DSGX vs. MANH - Performance Comparison
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Returns By Period
In the year-to-date period, DSGX achieves a -22.76% return, which is significantly higher than MANH's -24.89% return. Over the past 10 years, DSGX has outperformed MANH with an annualized return of 13.56%, while MANH has yielded a comparatively lower 7.68% annualized return.
DSGX
- 1D
- 1.88%
- 1M
- -5.02%
- YTD
- -22.76%
- 6M
- -24.02%
- 1Y
- -32.81%
- 3Y*
- -3.99%
- 5Y*
- 0.07%
- 10Y*
- 13.56%
MANH
- 1D
- 1.09%
- 1M
- -6.10%
- YTD
- -24.89%
- 6M
- -25.16%
- 1Y
- -32.43%
- 3Y*
- -11.52%
- 5Y*
- -1.80%
- 10Y*
- 7.68%
DSGX vs. MANH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DSGX The Descartes Systems Group Inc. | -22.76% | -22.83% | 35.14% | 20.69% | -15.76% | 41.38% | 36.89% | 61.45% | -6.83% | 32.71% |
MANH Manhattan Associates, Inc. | -24.89% | -35.87% | 25.51% | 77.36% | -21.92% | 47.83% | 31.89% | 88.22% | -14.47% | -6.58% |
Correlation
The correlation between DSGX and MANH is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 1999 | 0.29 |
Over the past year, DSGX and MANH have become more correlated (0.65) than their long-term average of 0.29, meaning their price movements have been converging.
Fundamentals
DSGX:
$5.92B
MANH:
$7.82B
DSGX:
$2.02
MANH:
$3.57
DSGX:
33.53
MANH:
36.46
DSGX:
1.90
MANH:
1.74
DSGX:
7.83
MANH:
7.18
DSGX:
3.63
MANH:
38.09
DSGX:
$757.13M
MANH:
$1.10B
DSGX:
$526.49M
MANH:
$456.06M
DSGX:
$324.67M
MANH:
$297.27M
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Return for Risk
DSGX vs. MANH — Risk / Return Rank
DSGX
MANH
DSGX vs. MANH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Descartes Systems Group Inc. (DSGX) and Manhattan Associates, Inc. (MANH). 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.
| DSGX | MANH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 0.87 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | -0.69 | -0.10 |
| Martin ratioReturn relative to average drawdown | -1.34 | -1.18 | -0.17 |
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Drawdowns
DSGX vs. MANH - Drawdown Comparison
The maximum DSGX drawdown since its inception was -98.95%, which is greater than MANH's maximum drawdown of -87.04%. Use the drawdown chart below to compare losses from any high point for DSGX and MANH.
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Drawdown Indicators
| DSGX | MANH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.95% | -87.04% | -11.91% |
Max Drawdown (1Y)Largest decline over 1 year | -41.72% | -46.97% | +5.25% |
Max Drawdown (3Y)Largest decline over 3 years | -48.72% | -60.98% | +12.26% |
Max Drawdown (5Y)Largest decline over 5 years | -48.72% | -60.98% | +12.26% |
Max Drawdown (10Y)Largest decline over 10 years | -48.72% | -60.98% | +12.26% |
Current DrawdownCurrent decline from peak | -44.73% | -57.98% | +13.25% |
Average DrawdownAverage peak-to-trough decline | -69.20% | -39.50% | -29.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.48% | 27.61% | -3.13% |
Volatility
DSGX vs. MANH - Volatility Comparison
The Descartes Systems Group Inc. (DSGX) and Manhattan Associates, Inc. (MANH) have volatilities of 13.62% and 13.84%, 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
| DSGX | MANH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.62% | 13.84% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 28.99% | 33.20% | -4.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.50% | 38.97% | -1.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.58% | 38.24% | -7.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.55% | 39.46% | -9.91% |
Dividends
DSGX vs. MANH - Dividend Comparison
Neither DSGX nor MANH has paid dividends to shareholders.
Financials
DSGX vs. MANH - Financials Comparison
This section allows you to compare key financial metrics between The Descartes Systems Group Inc. and Manhattan Associates, 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
DSGX vs. MANH - Profitability Comparison
DSGX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Descartes Systems Group Inc. reported a gross profit of 134.03M and revenue of 195.25M. Therefore, the gross margin over that period was 68.6%.
MANH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Manhattan Associates, Inc. reported a gross profit of 0.00 and revenue of 282.22M. Therefore, the gross margin over that period was 0.0%.
DSGX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Descartes Systems Group Inc. reported an operating income of 65.05M and revenue of 195.25M, resulting in an operating margin of 33.3%.
MANH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Manhattan Associates, Inc. reported an operating income of 64.94M and revenue of 282.22M, resulting in an operating margin of 23.0%.
DSGX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Descartes Systems Group Inc. reported a net income of 48.88M and revenue of 195.25M, resulting in a net margin of 25.0%.
MANH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Manhattan Associates, Inc. reported a net income of 49.30M and revenue of 282.22M, resulting in a net margin of 17.5%.
Frequently Asked Questions
DSGX and MANH have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MANH has higher volatility (13.84%) compared to DSGX (13.62%). In terms of maximum drawdown, DSGX dropped -98.95% vs MANH's -87.04%.
MANH currently has the higher Sharpe Ratio (-0.84 vs -0.88), 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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