MGIC vs. ODD

Last updated Jun 3, 2026

MGIC (Magic Software Enterprises Ltd) and ODD (ODDITY Tech Ltd. Class A Ordinary Shares) are both stocks. Both are in the Technology sector — MGIC in Information Technology Services, ODD in Software - Infrastructure. Over the past year, MGIC returned 11.18% vs -87.14% for ODD. At a 0.18 correlation, their price movements are largely independent.

Performance

MGIC vs. ODD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Magic Software Enterprises Ltd (MGIC) and ODDITY Tech Ltd. Class A Ordinary Shares (ODD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MGIC achieves a -32.50% return, which is significantly higher than ODD's -75.51% return.

MGIC

• 1D: 0.00%
• 1M: 0.00%
• YTD: -32.50%
• 6M: -29.83%
• 1Y: 11.18%
• 3Y*: 19.58%
• 5Y*: 5.43%
• 10Y*: 13.19%

ODD

• 1D: -29.61%
• 1M: -33.06%
• YTD: -75.51%
• 6M: -77.19%
• 1Y: -87.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MGIC vs. ODD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
MGIC Magic Software Enterprises Ltd	-32.50%	123.97%	29.28%	-24.73%
ODD ODDITY Tech Ltd. Class A Ordinary Shares	-75.51%	-4.38%	-9.69%	-2.10%

Correlation

The correlation between MGIC and ODD is 0.10, 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	0.10
Correlation (All Time) Calculated using the full available price history since Jul 20, 2023	0.18

Fundamentals

Market Cap MGIC : $853.34M ODD : $602.39M
EPS MGIC : $0.82 ODD : $1.78
PE Ratio MGIC : 21.31 ODD : 5.52
PEG Ratio MGIC : 1.69 ODD : 0.02
PS Ratio MGIC : 1.41 ODD : 0.75
PB Ratio MGIC : 3.09 ODD : 1.52
Total Revenue (TTM) MGIC : $603.22M ODD : $809.84M
Gross Profit (TTM) MGIC : $169.17M ODD : $588.71M
EBITDA (TTM) MGIC : $86.68M ODD : $138.15M

Return for Risk

MGIC vs. ODD — Risk / Return Rank

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

MGIC

MGIC Risk / Return Rank: 48
MGIC Sharpe Ratio Rank: 50
MGIC Sortino Ratio Rank: 44
MGIC Omega Ratio Rank: 50
MGIC Calmar Ratio Rank: 48
MGIC Martin Ratio Rank: 47

ODD

ODD Risk / Return Rank: 2
ODD Sharpe Ratio Rank: 3
ODD Sortino Ratio Rank: 1
ODD Omega Ratio Rank: 1
ODD Calmar Ratio Rank: 1
ODD Martin Ratio Rank: 3

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.

MGIC vs. ODD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Magic Software Enterprises Ltd (MGIC) and ODDITY Tech Ltd. Class A Ordinary Shares (ODD). 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.

	MGIC	ODD	Difference
Sharpe ratio Return per unit of total volatility	0.26	-1.08	+1.34
Sortino ratio Return per unit of downside risk	0.61	-2.20	+2.81
Omega ratio Gain probability vs. loss probability	1.11	0.63	+0.49
Calmar ratio Return relative to maximum drawdown	0.32	-0.99	+1.32
Martin ratio Return relative to average drawdown	0.57	-1.63	+2.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MGIC vs. ODD - Sharpe Ratio Comparison

The current MGIC Sharpe Ratio is 0.26, which is higher than the ODD Sharpe Ratio of -1.08. The chart below compares the historical Sharpe Ratios of MGIC and ODD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MGIC	ODD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.26	-1.08	+1.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.14	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.38	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.14	-0.60	+0.74

Drawdowns

MGIC vs. ODD - Drawdown Comparison

The maximum MGIC drawdown since its inception was -97.62%, which is greater than ODD's maximum drawdown of -87.28%. Use the drawdown chart below to compare losses from any high point for MGIC and ODD.

Drawdown Indicators

	MGIC	ODD	Difference
Max Drawdown Largest peak-to-trough decline	-97.62%	-87.28%	-10.34%
Max Drawdown (1Y) Largest decline over 1 year	-37.32%	-87.28%	+49.96%
Max Drawdown (3Y) Largest decline over 3 years	-39.55%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-63.94%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-63.94%	—	—
Current Drawdown Current decline from peak	-37.21%	-87.28%	+50.07%
Average Drawdown Average peak-to-trough decline	-57.98%	-32.76%	-25.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.93%	53.17%	-32.24%

Volatility

MGIC vs. ODD - Volatility Comparison

The current volatility for Magic Software Enterprises Ltd (MGIC) is 0.00%, while ODDITY Tech Ltd. Class A Ordinary Shares (ODD) has a volatility of 38.62%. This indicates that MGIC experiences smaller price fluctuations and is considered to be less risky than ODD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MGIC	ODD	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	38.62%	-38.62%
Volatility (6M) Calculated over the trailing 6-month period	36.15%	87.43%	-51.28%
Volatility (1Y) Calculated over the trailing 1-year period	43.42%	80.90%	-37.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.06%	70.67%	-32.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.27%	70.67%	-35.40%

Dividends

MGIC vs. ODD - Dividend Comparison

MGIC's dividend yield for the trailing twelve months is around 2.57%, while ODD has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MGIC Magic Software Enterprises Ltd	2.57%	3.01%	3.66%	6.47%	3.16%	2.12%	1.63%	3.13%	3.74%	2.57%	2.62%	3.18%
ODD ODDITY Tech Ltd. Class A Ordinary Shares	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

MGIC vs. ODD - Profitability Comparison

The chart below illustrates the profitability comparison between Magic Software Enterprises Ltd and ODDITY Tech Ltd. Class A Ordinary Shares over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

MGIC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Magic Software Enterprises Ltd reported a gross profit of 44.21M and revenue of 161.66M. Therefore, the gross margin over that period was 27.4%.

ODD - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, ODDITY Tech Ltd. Class A Ordinary Shares reported a gross profit of 107.62M and revenue of 152.73M. Therefore, the gross margin over that period was 70.5%.

MGIC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Magic Software Enterprises Ltd reported an operating income of 17.12M and revenue of 161.66M, resulting in an operating margin of 10.6%.

ODD - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, ODDITY Tech Ltd. Class A Ordinary Shares reported an operating income of 1.65M and revenue of 152.73M, resulting in an operating margin of 1.1%.

MGIC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Magic Software Enterprises Ltd reported a net income of 9.86M and revenue of 161.66M, resulting in a net margin of 6.1%.

ODD - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, ODDITY Tech Ltd. Class A Ordinary Shares reported a net income of 5.88M and revenue of 152.73M, resulting in a net margin of 3.9%.

Frequently Asked Questions

Can I hold both MGIC and ODD in my portfolio?

MGIC and ODD have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MGIC or ODD?

ODD has higher volatility (38.62%) compared to MGIC (0.00%). In terms of maximum drawdown, MGIC dropped -97.62% vs ODD's -87.28%.

Which has better risk-adjusted returns?

MGIC currently has the higher Sharpe Ratio (0.26 vs -1.08), 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.