ENGH.TO vs. OTEX
ENGH.TO (Enghouse Systems Limited) and OTEX (Open Text Corp) are both stocks. Both operate in the Software - Application industry within the Technology sector. Over the past 10 years, ENGH.TO returned -2.95%/yr vs 0.55%/yr for OTEX. At a 0.30 correlation, their price movements are largely independent.
Performance
ENGH.TO vs. OTEX - Performance Comparison
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Different Trading Currencies
ENGH.TO is traded in CAD, while OTEX is traded in USD. To make them comparable, the OTEX values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ENGH.TO achieves a -9.85% return, which is significantly higher than OTEX's -25.57% return. Over the past 10 years, ENGH.TO has underperformed OTEX with an annualized return of -2.95%, while OTEX has yielded a comparatively higher 0.55% annualized return.
ENGH.TO
- 1D
- -4.89%
- 1M
- 2.05%
- YTD
- -9.85%
- 6M
- -9.00%
- 1Y
- -29.70%
- 3Y*
- -18.75%
- 5Y*
- -17.00%
- 10Y*
- -2.95%
OTEX
- 1D
- -4.05%
- 1M
- 4.38%
- YTD
- -25.57%
- 6M
- -28.13%
- 1Y
- -12.25%
- 3Y*
- -13.91%
- 5Y*
- -8.39%
- 10Y*
- 0.55%
ENGH.TO vs. OTEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ENGH.TO Enghouse Systems Limited | -9.85% | -21.09% | -20.25% | 0.03% | -24.14% | -18.72% | 29.04% | 46.80% | 9.09% | 11.17% |
OTEX Open Text Corp | -25.57% | 13.78% | -24.43% | 42.22% | -31.32% | 5.32% | 3.10% | 30.72% | 0.77% | 9.79% |
Correlation
The correlation between ENGH.TO and OTEX is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jun 23, 2009 | 0.30 |
Over the past year, ENGH.TO and OTEX have become more correlated (0.52) than their long-term average of 0.30, meaning their price movements have been converging.
Fundamentals
ENGH.TO:
CA$968.75M
OTEX:
$5.87B
ENGH.TO:
CA$1.26
OTEX:
$2.04
ENGH.TO:
14.08
OTEX:
11.61
ENGH.TO:
1.97
OTEX:
1.15
ENGH.TO:
1.62
OTEX:
1.48
ENGH.TO:
CA$494.98M
OTEX:
$5.23B
ENGH.TO:
CA$266.89M
OTEX:
$3.70B
ENGH.TO:
CA$122.92M
OTEX:
$1.39B
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Return for Risk
ENGH.TO vs. OTEX — Risk / Return Rank
ENGH.TO
OTEX
ENGH.TO vs. OTEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Enghouse Systems Limited (ENGH.TO) and Open Text Corp (OTEX). 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.
| ENGH.TO | OTEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 0.97 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.73 | -0.26 | -0.48 |
| Martin ratioReturn relative to average drawdown | -1.20 | -0.48 | -0.72 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ENGH.TO | OTEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.06 | -0.34 | -0.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.52 | -0.29 | -0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.09 | 0.02 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 0.32 | -0.13 |
Drawdowns
ENGH.TO vs. OTEX - Drawdown Comparison
The maximum ENGH.TO drawdown since its inception was -77.35%, which is greater than OTEX's maximum drawdown of -52.93%. Use the drawdown chart below to compare losses from any high point for ENGH.TO and OTEX.
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Drawdown Indicators
| ENGH.TO | OTEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.35% | -52.93% | -24.42% |
Max Drawdown (1Y)Largest decline over 1 year | -40.62% | -47.73% | +7.11% |
Max Drawdown (3Y)Largest decline over 3 years | -56.09% | -48.16% | -7.93% |
Max Drawdown (5Y)Largest decline over 5 years | -72.35% | -52.93% | -19.42% |
Max Drawdown (10Y)Largest decline over 10 years | -77.35% | -52.93% | -24.42% |
Current DrawdownCurrent decline from peak | -73.09% | -45.43% | -27.66% |
Average DrawdownAverage peak-to-trough decline | -29.42% | -14.10% | -15.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.04% | 25.64% | -0.60% |
Volatility
ENGH.TO vs. OTEX - Volatility Comparison
The current volatility for Enghouse Systems Limited (ENGH.TO) is 8.99%, while Open Text Corp (OTEX) has a volatility of 13.69%. This indicates that ENGH.TO experiences smaller price fluctuations and is considered to be less risky than OTEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ENGH.TO | OTEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.99% | 13.69% | -4.70% |
Volatility (6M)Calculated over the trailing 6-month period | 22.61% | 28.25% | -5.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.21% | 35.75% | -7.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.97% | 29.40% | +3.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.81% | 26.90% | +4.91% |
Dividends
ENGH.TO vs. OTEX - Dividend Comparison
ENGH.TO's dividend yield for the trailing twelve months is around 6.83%, more than OTEX's 4.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENGH.TO Enghouse Systems Limited | 6.83% | 5.70% | 3.69% | 2.41% | 1.99% | 4.37% | 0.84% | 0.87% | 1.05% | 1.01% | 0.97% | 0.62% |
OTEX Open Text Corp | 4.59% | 3.30% | 3.62% | 2.35% | 3.13% | 1.78% | 1.59% | 1.53% | 1.80% | 1.43% | 1.44% | 1.61% |
Financials
ENGH.TO vs. OTEX - Financials Comparison
This section allows you to compare key financial metrics between Enghouse Systems Limited and Open Text Corp. 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
ENGH.TO vs. OTEX - Profitability Comparison
ENGH.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Enghouse Systems Limited reported a gross profit of 66.79M and revenue of 120.10M. Therefore, the gross margin over that period was 55.6%.
OTEX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Open Text Corp reported a gross profit of 937.27M and revenue of 1.28B. Therefore, the gross margin over that period was 73.1%.
ENGH.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Enghouse Systems Limited reported an operating income of 22.46M and revenue of 120.10M, resulting in an operating margin of 18.7%.
OTEX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Open Text Corp reported an operating income of 201.21M and revenue of 1.28B, resulting in an operating margin of 15.7%.
ENGH.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Enghouse Systems Limited reported a net income of 17.50M and revenue of 120.10M, resulting in a net margin of 14.6%.
OTEX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Open Text Corp reported a net income of 172.65M and revenue of 1.28B, resulting in a net margin of 13.5%.
Frequently Asked Questions
ENGH.TO and OTEX have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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