IDCC vs. PCTY
IDCC (InterDigital, Inc.) and PCTY (Paylocity Holding Corporation) are both stocks. IDCC operates in Telecom Services (Communication Services), while PCTY operates in Software - Application (Technology). Over the past 10 years, IDCC returned 18.69%/yr vs 10.22%/yr for PCTY. At a 0.31 correlation, their price movements are largely independent.
Performance
IDCC vs. PCTY - Performance Comparison
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Returns By Period
In the year-to-date period, IDCC achieves a -16.22% return, which is significantly higher than PCTY's -22.30% return. Over the past 10 years, IDCC has outperformed PCTY with an annualized return of 18.69%, while PCTY has yielded a comparatively lower 10.22% annualized return.
IDCC
- 1D
- -0.53%
- 1M
- -4.01%
- 6M
- -13.70%
- YTD
- -16.22%
- 1Y
- 18.65%
- 3Y*
- 42.33%
- 5Y*
- 32.45%
- 10Y*
- 18.69%
PCTY
- 1D
- 1.61%
- 1M
- 9.49%
- 6M
- -21.20%
- YTD
- -22.30%
- 1Y
- -33.11%
- 3Y*
- -16.51%
- 5Y*
- -9.58%
- 10Y*
- 10.22%
IDCC vs. PCTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IDCC InterDigital, Inc. | -16.22% | 66.05% | 81.06% | 123.67% | -29.25% | 20.49% | 14.28% | -16.11% | -11.23% | -15.34% |
PCTY Paylocity Holding Corporation | -22.30% | -23.55% | 21.00% | -15.14% | -17.74% | 14.69% | 70.43% | 100.66% | 27.67% | 57.15% |
Correlation
The correlation between IDCC and PCTY is 0.02, 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 | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 2014 | 0.31 |
Over the past year, the correlation between IDCC and PCTY has dropped to 0.02 - well below their long-term average of 0.31, suggesting their price drivers have been diverging.
Fundamentals
IDCC:
$6.85B
PCTY:
$6.34B
IDCC:
$10.37
PCTY:
$4.66
IDCC:
25.53
PCTY:
25.44
IDCC:
0.32
PCTY:
0.75
IDCC:
11.29
PCTY:
3.80
IDCC:
8.46
PCTY:
5.52
IDCC:
$828.92M
PCTY:
$1.73B
IDCC:
$537.64M
PCTY:
$1.20B
IDCC:
$508.15M
PCTY:
$394.81M
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Return for Risk
IDCC vs. PCTY — Risk / Return Rank
IDCC
PCTY
IDCC vs. PCTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for InterDigital, Inc. (IDCC) and Paylocity Holding Corporation (PCTY). 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.
| IDCC | PCTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.26 | ||
| Sortino ratioReturn per unit of downside risk | +2.10 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 0.85 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.46 | -0.71 | +1.16 |
| Martin ratioReturn relative to average drawdown | 0.98 | -1.12 | +2.10 |
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Drawdowns
IDCC vs. PCTY - Drawdown Comparison
The maximum IDCC drawdown since its inception was -93.83%, which is greater than PCTY's maximum drawdown of -68.90%. Use the drawdown chart below to compare losses from any high point for IDCC and PCTY.
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Drawdown Indicators
| IDCC | PCTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.83% | -68.90% | -24.93% |
Max Drawdown (1Y)Largest decline over 1 year | -36.48% | -50.04% | +13.56% |
Max Drawdown (3Y)Largest decline over 3 years | -36.48% | -58.08% | +21.60% |
Max Drawdown (5Y)Largest decline over 5 years | -44.99% | -68.90% | +23.91% |
Max Drawdown (10Y)Largest decline over 10 years | -64.94% | -68.90% | +3.96% |
Current DrawdownCurrent decline from peak | -32.73% | -61.24% | +28.51% |
Average DrawdownAverage peak-to-trough decline | -45.24% | -23.72% | -21.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.00% | 31.38% | -14.38% |
Volatility
IDCC vs. PCTY - Volatility Comparison
InterDigital, Inc. (IDCC) and Paylocity Holding Corporation (PCTY) have volatilities of 13.08% and 13.58%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IDCC | PCTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.08% | 13.58% | -0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 35.85% | 33.79% | +2.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.56% | 38.89% | +8.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.90% | 40.97% | -5.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.60% | 41.82% | -6.22% |
Dividends
IDCC vs. PCTY - Dividend Comparison
IDCC's dividend yield for the trailing twelve months is around 1.06%, while PCTY has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDCC InterDigital, Inc. | 1.06% | 0.74% | 0.85% | 1.34% | 2.83% | 1.95% | 2.31% | 2.57% | 2.11% | 1.64% | 0.99% | 1.63% |
PCTY Paylocity Holding Corporation | 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
IDCC vs. PCTY - Financials Comparison
This section allows you to compare key financial metrics between InterDigital, Inc. and Paylocity Holding Corporation. 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
IDCC vs. PCTY - Profitability Comparison
IDCC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, InterDigital, Inc. reported a gross profit of 0.00 and revenue of 205.42M. Therefore, the gross margin over that period was 0.0%.
PCTY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Paylocity Holding Corporation reported a gross profit of 363.19M and revenue of 502.29M. Therefore, the gross margin over that period was 72.3%.
IDCC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, InterDigital, Inc. reported an operating income of 82.26M and revenue of 205.42M, resulting in an operating margin of 40.1%.
PCTY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Paylocity Holding Corporation reported an operating income of 156.76M and revenue of 502.29M, resulting in an operating margin of 31.2%.
IDCC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, InterDigital, Inc. reported a net income of 75.33M and revenue of 205.42M, resulting in a net margin of 36.7%.
PCTY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Paylocity Holding Corporation reported a net income of 111.25M and revenue of 502.29M, resulting in a net margin of 22.2%.
Frequently Asked Questions
IDCC and PCTY have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PCTY has higher volatility (13.58%) compared to IDCC (13.08%). In terms of maximum drawdown, IDCC dropped -93.83% vs PCTY's -68.90%.
IDCC currently has the higher Sharpe Ratio (0.35 vs -0.91), 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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