EPAM vs. WIT

Last updated Jun 23, 2026

EPAM (EPAM Systems, Inc.) and WIT (Wipro Limited) are both stocks. Both operate in the Information Technology Services industry within the Technology sector. Over the past 10 years, EPAM returned 1.45%/yr vs 1.01%/yr for WIT. At a 0.35 correlation, their price movements are largely independent.

Performance

EPAM vs. WIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in EPAM Systems, Inc. (EPAM) and Wipro Limited (WIT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EPAM achieves a -62.89% return, which is significantly lower than WIT's -19.09% return. Over the past 10 years, EPAM has outperformed WIT with an annualized return of 1.45%, while WIT has yielded a comparatively lower 1.01% annualized return.

EPAM

• 1D: -0.78%
• 1M: -25.95%
• YTD: -62.89%
• 6M: -64.06%
• 1Y: -53.37%
• 3Y*: -29.17%
• 5Y*: -31.81%
• 10Y*: 1.45%

WIT

• 1D: -6.28%
• 1M: 11.44%
• YTD: -19.09%
• 6M: -23.91%
• 1Y: -21.09%
• 3Y*: 1.56%
• 5Y*: -9.05%
• 10Y*: 1.01%

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

EPAM vs. WIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EPAM EPAM Systems, Inc.	-62.89%	-12.38%	-21.36%	-9.28%	-50.97%	86.54%	68.91%	82.88%	7.99%	67.05%
WIT Wipro Limited	-19.09%	-16.61%	27.38%	19.82%	-51.78%	73.10%	51.23%	-2.31%	-5.94%	13.38%

Correlation

The correlation between EPAM and WIT is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.40
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (10Y) Calculated over the trailing 10-year period	0.37
Correlation (All Time) Calculated using the full available price history since Feb 8, 2012	0.35

Fundamentals

Market Cap EPAM : $4.12B WIT : $23.53B
EPS EPAM : $6.96 WIT : ₹12.70
PE Ratio EPAM : 10.92 WIT : 16.64
PS Ratio EPAM : 0.76 WIT : 2.37
PB Ratio EPAM : 1.20 WIT : 2.63
Total Revenue (TTM) EPAM : $5.56B WIT : ₹935.38B
Gross Profit (TTM) EPAM : $1.58B WIT : ₹272.72B
EBITDA (TTM) EPAM : $670.13M WIT : ₹201.91B

Return for Risk

EPAM vs. WIT — Risk / Return Rank

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

EPAM

EPAM Risk / Return Rank: 5
EPAM Sharpe Ratio Rank: 3
EPAM Sortino Ratio Rank: 4
EPAM Omega Ratio Rank: 4
EPAM Calmar Ratio Rank: 11
EPAM Martin Ratio Rank: 2

WIT

WIT Risk / Return Rank: 19
WIT Sharpe Ratio Rank: 18
WIT Sortino Ratio Rank: 18
WIT Omega Ratio Rank: 19
WIT Calmar Ratio Rank: 22
WIT Martin Ratio Rank: 17

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.

EPAM vs. WIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for EPAM Systems, Inc. (EPAM) and Wipro Limited (WIT). 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	WIT	Difference
Sharpe ratio: Return per unit of total volatility	-1.15	-0.53	-0.62
Sortino ratio: Return per unit of downside risk	-1.70	-0.62	-1.07
Omega ratio: Gain probability vs. loss probability	0.77	0.93	-0.15
Calmar ratio: Return relative to maximum drawdown	-0.82	-0.54	-0.27
Martin ratio: Return relative to average drawdown	-1.85	-1.13	-0.71

EPAM vs. WIT - Sharpe Ratio Comparison

The current EPAM Sharpe Ratio is -1.15, which is lower than the WIT Sharpe Ratio of -0.53. The chart below compares the historical Sharpe Ratios of EPAM and WIT, 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

EPAM vs. WIT - Drawdown Comparison

The maximum EPAM drawdown since its inception was -89.40%, which is greater than WIT's maximum drawdown of -74.86%. Use the drawdown chart below to compare losses from any high point for EPAM and WIT.

Drawdown Indicators

	EPAM	WIT	Difference
Max Drawdown Largest peak-to-trough decline	-89.40%	-74.86%	-14.54%
Max Drawdown (1Y) Largest decline over 1 year	-65.65%	-38.98%	-26.67%
Max Drawdown (3Y) Largest decline over 3 years	-75.83%	-48.81%	-27.02%
Max Drawdown (5Y) Largest decline over 5 years	-89.40%	-60.42%	-28.98%
Max Drawdown (10Y) Largest decline over 10 years	-89.40%	-60.42%	-28.98%
Current Drawdown Current decline from peak	-89.40%	-51.29%	-38.11%
Average Drawdown Average peak-to-trough decline	-25.85%	-30.91%	+5.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.93%	18.67%	+10.26%

Volatility

EPAM vs. WIT - Volatility Comparison

The current volatility for EPAM Systems, Inc. (EPAM) is 18.16%, while Wipro Limited (WIT) has a volatility of 23.82%. This indicates that EPAM experiences smaller price fluctuations and is considered to be less risky than WIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EPAM	WIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.16%	23.82%	-5.66%
Volatility (6M) Calculated over the trailing 6-month period	40.21%	36.16%	+4.05%
Volatility (1Y) Calculated over the trailing 1-year period	46.65%	39.71%	+6.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	54.70%	31.50%	+23.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.02%	29.34%	+16.68%

Dividends

EPAM vs. WIT - Dividend Comparison

EPAM has not paid dividends to shareholders, while WIT's dividend yield for the trailing twelve months is around 5.48%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EPAM EPAM Systems, 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%
WIT Wipro Limited	5.48%	4.43%	0.17%	0.22%	1.69%	0.14%	0.25%	0.28%	0.31%	0.27%	0.91%	1.65%

Financials

EPAM vs. WIT - Profitability Comparison

The chart below illustrates the profitability comparison between EPAM Systems, Inc. and Wipro Limited over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

EPAM - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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%.

WIT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Wipro Limited reported a gross profit of 71.55B and revenue of 246.13B. Therefore, the gross margin over that period was 29.1%.

EPAM - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, EPAM Systems, Inc. reported an operating income of 116.77M and revenue of 1.40B, resulting in an operating margin of 8.3%.

WIT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Wipro Limited reported an operating income of 42.46B and revenue of 246.13B, resulting in an operating margin of 17.3%.

EPAM - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, EPAM Systems, Inc. reported a net income of 82.52M and revenue of 1.40B, resulting in a net margin of 5.9%.

WIT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Wipro Limited reported a net income of 35.56B and revenue of 246.13B, resulting in a net margin of 14.5%.

Frequently Asked Questions

Can I hold both EPAM and WIT in my portfolio?

EPAM and WIT have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EPAM or WIT?

WIT has higher volatility (23.82%) compared to EPAM (18.16%). In terms of maximum drawdown, EPAM dropped -89.40% vs WIT's -74.86%.

Which has better risk-adjusted returns?

WIT currently has the higher Sharpe Ratio (-0.53 vs -1.15), 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.