EPAM vs. GDYN
EPAM (EPAM Systems, Inc.) and GDYN (Grid Dynamics Holdings, Inc.) are both stocks. Both operate in the Information Technology Services industry within the Technology sector. Over the past 5 years, EPAM returned -28.37%/yr vs -20.02%/yr for GDYN. Their 0.45 correlation means their historical movements had little consistent relationship.
Performance
EPAM vs. GDYN - Performance Comparison
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Returns By Period
In the year-to-date period, EPAM achieves a -48.48% return, which is significantly lower than GDYN's -23.70% return.
EPAM
- 1D
- 1.83%
- 1M
- 19.59%
- 6M
- -49.40%
- YTD
- -48.48%
- 1Y
- -30.09%
- 3Y*
- -23.90%
- 5Y*
- -28.37%
- 10Y*
- 4.17%
- ALL TIME*
- 15.12%
GDYN
- 1D
- -2.41%
- 1M
- 13.14%
- 6M
- -16.69%
- YTD
- -23.70%
- 1Y
- -13.11%
- 3Y*
- -11.85%
- 5Y*
- -20.02%
- 10Y*
- —
- ALL TIME*
- -4.06%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $148.55M | $147.16M | $188.93M | |
| $13.70M | $11.12M | $15.64M |
EPAM vs. GDYN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EPAM EPAM Systems, Inc. | -48.48% | -12.38% | -21.36% | -9.28% | -50.97% | 86.54% | 68.91% | 82.88% | 3.13% |
GDYN Grid Dynamics Holdings, Inc. | -23.70% | -59.40% | 66.84% | 18.81% | -70.45% | 201.35% | 16.13% | 12.09% | 1.89% |
Correlation
The correlation between EPAM and GDYN is 0.48, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.48 |
Correlation (3Y) Balances recent behavior with more history. | 0.52 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.55 |
Correlation (All Time) Calculated using the full available price history since Oct 30, 2018 | 0.45 |
The correlation between EPAM and GDYN has been stable across timeframes, ranging from 0.45 to 0.55 - a consistent structural relationship.
Fundamentals
EPAM:
$5.51B
GDYN:
$576.18M
EPAM:
$7.02
GDYN:
$0.03
EPAM:
15.04
GDYN:
205.48
EPAM:
1.05
GDYN:
1.39
EPAM:
1.67
GDYN:
1.12
EPAM:
$5.56B
GDYN:
$422.58M
EPAM:
$1.58B
GDYN:
$146.70M
EPAM:
$670.13M
GDYN:
$16.71M
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Return for Risk
EPAM vs. GDYN — Risk / Return Rank
EPAM
GDYN
EPAM vs. GDYN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for EPAM Systems, Inc. (EPAM) and Grid Dynamics Holdings, Inc. (GDYN). 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.
| EPAM | GDYN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.38 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 0.96 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.51 | -0.57 | +0.06 |
| Martin ratioReturn relative to average drawdown | -0.95 | -1.00 | +0.05 |
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Drawdowns
EPAM vs. GDYN - Drawdown Comparison
The maximum EPAM drawdown since its inception was -89.40%, roughly equal to the maximum GDYN drawdown of -87.62%. Use the drawdown chart below to compare losses from any high point for EPAM and GDYN.
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Drawdown Indicators
| EPAM | GDYN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.40% | -87.62% | -1.78% |
Max Drawdown (1Y)Largest decline over 1 year | -65.65% | -48.21% | -17.44% |
Max Drawdown (3Y)Largest decline over 3 years | -75.83% | -78.34% | +2.51% |
Max Drawdown (5Y)Largest decline over 5 years | -89.40% | -87.62% | -1.78% |
Max Drawdown (10Y)Largest decline over 10 years | -89.40% | — | — |
Current DrawdownCurrent decline from peak | -85.29% | -83.63% | -1.66% |
Average DrawdownAverage peak-to-trough decline | -26.33% | -45.85% | +19.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.75% | 28.55% | +6.20% |
Volatility
EPAM vs. GDYN - Volatility Comparison
The current volatility for EPAM Systems, Inc. (EPAM) is 14.54%, while Grid Dynamics Holdings, Inc. (GDYN) has a volatility of 15.58%. This indicates that EPAM experiences smaller price fluctuations and is considered to be less risky than GDYN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EPAM | GDYN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.54% | 15.58% | -1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 42.53% | 43.73% | -1.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.02% | 60.34% | -11.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.19% | 61.77% | -6.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.08% | 56.62% | -10.54% |
Dividends
EPAM vs. GDYN - Dividend Comparison
Neither EPAM nor GDYN has paid dividends to shareholders.
Financials
EPAM vs. GDYN - Financials Comparison
This section allows you to compare key financial metrics between EPAM Systems, Inc. and Grid Dynamics Holdings, 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
EPAM vs. GDYN - Profitability Comparison
EPAM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, EPAM Systems, Inc. reported a gross profit of 388.01M and revenue of 1.40B. Therefore, the gross margin over that period was 27.7%.
GDYN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Grid Dynamics Holdings, Inc. reported a gross profit of 39.62M and revenue of 108.16M. Therefore, the gross margin over that period was 36.6%.
EPAM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, EPAM Systems, Inc. reported an operating income of 116.77M and revenue of 1.40B, resulting in an operating margin of 8.3%.
GDYN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Grid Dynamics Holdings, Inc. reported an operating income of 1.28M and revenue of 108.16M, resulting in an operating margin of 1.2%.
EPAM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, EPAM Systems, Inc. reported a net income of 82.52M and revenue of 1.40B, resulting in a net margin of 5.9%.
GDYN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Grid Dynamics Holdings, Inc. reported a net income of 2.85M and revenue of 108.16M, resulting in a net margin of 2.6%.
Frequently Asked Questions
EPAM and GDYN have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GDYN has higher volatility (15.58%) compared to EPAM (14.54%). In terms of maximum drawdown, EPAM dropped -89.40% vs GDYN's -87.62%.
GDYN currently has the higher Sharpe Ratio (-0.46 vs -0.68), 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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