DT vs. ASML

Last updated Jun 4, 2026

DT (Dynatrace, Inc.) and ASML (ASML Holding N.V.) are both stocks. Both are in the Technology sector — DT in Software - Application, ASML in Semiconductor Equipment & Materials. Over the past 5 years, DT returned -3.13%/yr vs 21.59%/yr for ASML. At a 0.39 correlation, their price movements are largely independent.

Performance

DT vs. ASML - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dynatrace, Inc. (DT) and ASML Holding N.V. (ASML). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DT achieves a 0.23% return, which is significantly lower than ASML's 61.93% return.

DT

• 1D: -3.40%
• 1M: 12.10%
• YTD: 0.23%
• 6M: -2.27%
• 1Y: -19.88%
• 3Y*: -6.19%
• 5Y*: -3.13%
• 10Y*: —

ASML

• 1D: 1.23%
• 1M: 24.54%
• YTD: 61.93%
• 6M: 51.85%
• 1Y: 132.84%
• 3Y*: 34.91%
• 5Y*: 21.59%
• 10Y*: 34.11%

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

DT vs. ASML - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
DT Dynatrace, Inc.	0.23%	-20.26%	-0.62%	42.79%	-36.54%	39.47%	71.03%	6.08%
ASML ASML Holding N.V.	61.93%	56.51%	-7.70%	39.91%	-30.49%	64.13%	66.06%	34.72%

Correlation

The correlation between DT and ASML is -0.03, 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	-0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.38
Correlation (All Time) Calculated using the full available price history since Aug 2, 2019	0.39

The correlation between DT and ASML shifts across timeframes, from -0.03 (1 year) to 0.39 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap DT : $12.99B ASML : $665.86B
EPS DT : $0.73 ASML : $25.86
PE Ratio DT : 59.37 ASML : 66.77
PEG Ratio DT : 0.82 ASML : 4.39
PS Ratio DT : 6.51 ASML : 19.84
PB Ratio DT : 4.97 ASML : 31.97
Total Revenue (TTM) DT : $2.02B ASML : $33.69B
Gross Profit (TTM) DT : $1.65B ASML : $17.72B
EBITDA (TTM) DT : $289.14M ASML : $12.99B

Return for Risk

DT vs. ASML — Risk / Return Rank

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

DT

DT Risk / Return Rank: 21
DT Sharpe Ratio Rank: 19
DT Sortino Ratio Rank: 20
DT Omega Ratio Rank: 19
DT Calmar Ratio Rank: 24
DT Martin Ratio Rank: 25

ASML

ASML Risk / Return Rank: 94
ASML Sharpe Ratio Rank: 95
ASML Sortino Ratio Rank: 93
ASML Omega Ratio Rank: 91
ASML Calmar Ratio Rank: 95
ASML Martin Ratio Rank: 95

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.

DT vs. ASML - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dynatrace, Inc. (DT) and ASML Holding N.V. (ASML). 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.

	DT	ASML	Difference
Sharpe ratio: Return per unit of total volatility	-0.51	3.29	-3.80
Sortino ratio: Return per unit of downside risk	-0.48	3.71	-4.20
Omega ratio: Gain probability vs. loss probability	0.94	1.45	-0.52
Calmar ratio: Return relative to maximum drawdown	-0.47	7.48	-7.95
Martin ratio: Return relative to average drawdown	-0.83	20.18	-21.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DT vs. ASML - Sharpe Ratio Comparison

The current DT Sharpe Ratio is -0.51, which is lower than the ASML Sharpe Ratio of 3.29. The chart below compares the historical Sharpe Ratios of DT and ASML, 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

	DT	ASML	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.51	3.29	-3.80
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.08	0.52	-0.59
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.89	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	0.56	-0.36

Drawdowns

DT vs. ASML - Drawdown Comparison

The maximum DT drawdown since its inception was -61.77%, smaller than the maximum ASML drawdown of -90.00%. Use the drawdown chart below to compare losses from any high point for DT and ASML.

Drawdown Indicators

	DT	ASML	Difference
Max Drawdown Largest peak-to-trough decline	-61.77%	-90.00%	+28.23%
Max Drawdown (1Y) Largest decline over 1 year	-42.87%	-17.85%	-25.02%
Max Drawdown (3Y) Largest decline over 3 years	-48.16%	-45.38%	-2.78%
Max Drawdown (5Y) Largest decline over 5 years	-61.77%	-56.84%	-4.93%
Max Drawdown (10Y) Largest decline over 10 years	—	-56.84%	—
Current Drawdown Current decline from peak	-44.85%	0.00%	-44.85%
Average Drawdown Average peak-to-trough decline	-30.69%	-28.15%	-2.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.99%	6.61%	+17.38%

Volatility

DT vs. ASML - Volatility Comparison

Dynatrace, Inc. (DT) has a higher volatility of 19.82% compared to ASML Holding N.V. (ASML) at 14.67%. This indicates that DT's price experiences larger fluctuations and is considered to be riskier than ASML based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DT	ASML	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.82%	14.67%	+5.15%
Volatility (6M) Calculated over the trailing 6-month period	33.35%	32.21%	+1.14%
Volatility (1Y) Calculated over the trailing 1-year period	39.41%	40.58%	-1.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.83%	42.03%	-1.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.57%	38.50%	+8.07%

Dividends

DT vs. ASML - Dividend Comparison

DT has not paid dividends to shareholders, while ASML's dividend yield for the trailing twelve months is around 0.51%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASML ASML Holding N.V.	0.51%	0.97%	0.97%	0.86%	1.27%	0.50%	0.50%	1.40%	0.94%	0.64%	0.92%	0.73%
DT Dynatrace, 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%

Financials

DT vs. ASML - Profitability Comparison

The chart below illustrates the profitability comparison between Dynatrace, Inc. and ASML Holding N.V. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

DT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Dynatrace, Inc. reported a gross profit of 430.32M and revenue of 531.72M. Therefore, the gross margin over that period was 80.9%.

ASML - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, ASML Holding N.V. reported a gross profit of 4.65B and revenue of 8.77B. Therefore, the gross margin over that period was 53.0%.

DT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Dynatrace, Inc. reported an operating income of 37.34M and revenue of 531.72M, resulting in an operating margin of 7.0%.

ASML - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, ASML Holding N.V. reported an operating income of 3.16B and revenue of 8.77B, resulting in an operating margin of 36.0%.

DT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Dynatrace, Inc. reported a net income of 76.21M and revenue of 531.72M, resulting in a net margin of 14.3%.

ASML - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, ASML Holding N.V. reported a net income of 2.76B and revenue of 8.77B, resulting in a net margin of 31.4%.

Frequently Asked Questions

Can I hold both DT and ASML in my portfolio?

DT and ASML have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DT or ASML?

DT has higher volatility (19.82%) compared to ASML (14.67%). In terms of maximum drawdown, DT dropped -61.77% vs ASML's -90.00%.

Which has better risk-adjusted returns?

ASML currently has the higher Sharpe Ratio (3.29 vs -0.51), 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.