DT vs. KEYS

Last updated Aug 1, 2026

DT (Dynatrace, Inc.) and KEYS (Keysight Technologies, Inc.) are both stocks. Both are in the Technology sector — DT in Software - Application, KEYS in Scientific & Technical Instruments. Over the past 5 years, DT returned -7.05%/yr vs 14.16%/yr for KEYS. Their 0.38 correlation means their historical movements had little consistent relationship.

Performance

DT vs. KEYS - Performance Comparison

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

Returns By Period

In the year-to-date period, DT achieves a 2.26% return, which is significantly lower than KEYS's 57.04% return.

DT

• 1D: 0.50%
• 1M: -1.01%
• 6M: 16.36%
• YTD: 2.26%
• 1Y: -12.25%
• 3Y*: -7.05%
• 5Y*: -7.05%
• 10Y*: —
• ALL TIME*: 8.22%

KEYS

• 1D: 2.04%
• 1M: 1.66%
• 6M: 47.50%
• YTD: 57.04%
• 1Y: 101.08%
• 3Y*: 25.59%
• 5Y*: 14.16%
• 10Y*: 27.46%
• ALL TIME*: 22.10%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DT Dynatrace, Inc.	$181.38M	$180.50M	$231.39M
KEYS Keysight Technologies, Inc.	$370.83M	$413.24M	$534.98M

DT vs. KEYS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
DT Dynatrace, Inc.	2.26%	-20.26%	-0.62%	42.79%	-36.54%	39.47%	71.03%	-0.78%
KEYS Keysight Technologies, Inc.	57.04%	26.50%	0.97%	-7.00%	-17.16%	56.34%	28.71%	14.64%

Correlation

The correlation between DT and KEYS is 0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.01
Correlation (3Y) Balances recent behavior with more history.	0.27
Correlation (5Y) Shows whether the relationship held over a longer period.	0.39
Correlation (All Time) Calculated using the full available price history since Aug 1, 2019	0.38

Over the past year, the correlation between DT and KEYS has dropped to 0.01 - well below their long-term average of 0.38, suggesting their price drivers have been diverging.

Fundamentals

Market Cap DT : $12.92B KEYS : $54.53B
EPS DT : $0.73 KEYS : $6.07
PE Ratio DT : 60.47 KEYS : 52.57
PEG Ratio DT : 0.84 KEYS : 9.30
PS Ratio DT : 6.63 KEYS : 12.63
PB Ratio DT : 5.07 KEYS : 8.72
Total Revenue (TTM) DT : $2.02B KEYS : $4.37B
Gross Profit (TTM) DT : $1.65B KEYS : $2.70B
EBITDA (TTM) DT : $289.14M KEYS : $997.00M

Return for Risk

DT vs. KEYS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DT

DT Risk / Return Rank: 27
DT Sharpe Ratio Rank: 27
DT Sortino Ratio Rank: 26
DT Omega Ratio Rank: 26
DT Calmar Ratio Rank: 30
DT Martin Ratio Rank: 28

KEYS

KEYS Risk / Return Rank: 94
KEYS Sharpe Ratio Rank: 94
KEYS Sortino Ratio Rank: 93
KEYS Omega Ratio Rank: 92
KEYS Calmar Ratio Rank: 94
KEYS Martin Ratio Rank: 96

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DT vs. KEYS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dynatrace, Inc. (DT) and Keysight Technologies, Inc. (KEYS). 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.

	DT	KEYS	Difference
Sharpe ratio: Return per unit of total volatility	-0.39	2.22	-2.61
Sortino ratio: Return per unit of downside risk	-0.30	3.05	-3.35
Omega ratio: Gain probability vs. loss probability	0.96	1.40	-0.44
Calmar ratio: Return relative to maximum drawdown	-0.42	4.64	-5.06
Martin ratio: Return relative to average drawdown	-0.81	14.94	-15.75

DT vs. KEYS - Sharpe Ratio Comparison

The current DT Sharpe Ratio is -0.39, which is lower than the KEYS Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of DT and KEYS, 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

DT vs. KEYS - Drawdown Comparison

The maximum DT drawdown since its inception was -61.77%, which is greater than KEYS's maximum drawdown of -45.54%. Use the drawdown chart below to compare losses from any high point for DT and KEYS.

Drawdown Indicators

	DT	KEYS	Difference
Max Drawdown Largest peak-to-trough decline	-61.77%	-45.54%	-16.23%
Max Drawdown (1Y) Largest decline over 1 year	-37.30%	-20.52%	-16.78%
Max Drawdown (3Y) Largest decline over 3 years	-48.16%	-31.38%	-16.78%
Max Drawdown (5Y) Largest decline over 5 years	-61.77%	-42.62%	-19.15%
Max Drawdown (10Y) Largest decline over 10 years	—	-42.62%	—
Current Drawdown Current decline from peak	-43.73%	-14.53%	-29.20%
Average Drawdown Average peak-to-trough decline	-31.01%	-13.94%	-17.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.77%	6.37%	+14.40%

Volatility

DT vs. KEYS - Volatility Comparison

The current volatility for Dynatrace, Inc. (DT) is 10.57%, while Keysight Technologies, Inc. (KEYS) has a volatility of 12.76%. This indicates that DT experiences smaller price fluctuations and is considered to be less risky than KEYS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DT	KEYS	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.57%	12.76%	-2.19%
Volatility (6M) Calculated over the trailing 6-month period	34.04%	36.09%	-2.05%
Volatility (1Y) Calculated over the trailing 1-year period	40.56%	42.99%	-2.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.99%	33.82%	+7.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.41%	32.61%	+13.80%

Dividends

DT vs. KEYS - Dividend Comparison

Neither DT nor KEYS has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both DT and KEYS in my portfolio?

DT and KEYS have a correlation of 0.01, 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 KEYS?

KEYS has higher volatility (12.76%) compared to DT (10.57%). In terms of maximum drawdown, DT dropped -61.77% vs KEYS's -45.54%.

Which has better risk-adjusted returns?

KEYS currently has the higher Sharpe Ratio (2.22 vs -0.39), 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.