OTEX vs. ADBE

Last updated Jun 3, 2026

OTEX (Open Text Corp) and ADBE (Adobe Inc) are both stocks. Both are in the Technology sector — OTEX in Software - Application, ADBE in Software - Infrastructure. Over the past 10 years, OTEX returned 0.28%/yr vs 10.26%/yr for ADBE. At a 0.40 correlation, their price movements are largely independent.

Performance

OTEX vs. ADBE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Open Text Corp (OTEX) and Adobe Inc (ADBE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OTEX achieves a -23.09% return, which is significantly higher than ADBE's -25.11% return. Over the past 10 years, OTEX has underperformed ADBE with an annualized return of 0.28%, while ADBE has yielded a comparatively higher 10.26% annualized return.

OTEX

• 1D: -2.32%
• 1M: 6.85%
• YTD: -23.09%
• 6M: -24.79%
• 1Y: -8.44%
• 3Y*: -13.60%
• 5Y*: -9.76%
• 10Y*: 0.28%

ADBE

• 1D: -4.35%
• 1M: 4.55%
• YTD: -25.11%
• 6M: -18.80%
• 1Y: -35.02%
• 3Y*: -15.63%
• 5Y*: -11.87%
• 10Y*: 10.26%

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

OTEX vs. ADBE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OTEX Open Text Corp	-23.09%	19.25%	-30.41%	45.42%	-35.89%	6.28%	4.87%	37.48%	-7.10%	17.26%
ADBE Adobe Inc	-25.11%	-21.29%	-25.46%	77.28%	-40.65%	13.38%	51.64%	45.78%	29.10%	70.22%

Correlation

The correlation between OTEX and ADBE is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (5Y) Calculated over the trailing 5-year period	0.53
Correlation (10Y) Calculated over the trailing 10-year period	0.54
Correlation (All Time) Calculated using the full available price history since Sep 10, 1998	0.40

The correlation between OTEX and ADBE shifts across timeframes, from 0.40 (all time) to 0.54 (10 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap OTEX : $6.15B ADBE : $107.73B
EPS OTEX : $2.04 ADBE : $17.19
PE Ratio OTEX : 12.15 ADBE : 15.25
PEG Ratio OTEX : 0.30 ADBE : 1.07
PS Ratio OTEX : 1.20 ADBE : 4.49
PB Ratio OTEX : 1.55 ADBE : 9.42
Total Revenue (TTM) OTEX : $5.23B ADBE : $24.45B
Gross Profit (TTM) OTEX : $3.70B ADBE : $21.82B
EBITDA (TTM) OTEX : $1.39B ADBE : $9.71B

Return for Risk

OTEX vs. ADBE — Risk / Return Rank

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

OTEX

OTEX Risk / Return Rank: 30
OTEX Sharpe Ratio Rank: 30
OTEX Sortino Ratio Rank: 27
OTEX Omega Ratio Rank: 27
OTEX Calmar Ratio Rank: 34
OTEX Martin Ratio Rank: 33

ADBE

ADBE Risk / Return Rank: 7
ADBE Sharpe Ratio Rank: 4
ADBE Sortino Ratio Rank: 5
ADBE Omega Ratio Rank: 7
ADBE Calmar Ratio Rank: 10
ADBE Martin Ratio Rank: 8

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.

OTEX vs. ADBE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Open Text Corp (OTEX) and Adobe Inc (ADBE). 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.

	OTEX	ADBE	Difference
Sharpe ratio Return per unit of total volatility	-0.24	-1.04	+0.81
Sortino ratio Return per unit of downside risk	-0.10	-1.47	+1.37
Omega ratio Gain probability vs. loss probability	0.99	0.82	+0.16
Calmar ratio Return relative to maximum drawdown	-0.19	-0.80	+0.61
Martin ratio Return relative to average drawdown	-0.37	-1.38	+1.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OTEX vs. ADBE - Sharpe Ratio Comparison

The current OTEX Sharpe Ratio is -0.24, which is higher than the ADBE Sharpe Ratio of -1.04. The chart below compares the historical Sharpe Ratios of OTEX and ADBE, 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

	OTEX	ADBE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.24	-1.04	+0.81
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.31	-0.33	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.01	0.30	-0.29
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	0.41	-0.15

Drawdowns

OTEX vs. ADBE - Drawdown Comparison

The maximum OTEX drawdown since its inception was -72.05%, smaller than the maximum ADBE drawdown of -79.89%. Use the drawdown chart below to compare losses from any high point for OTEX and ADBE.

Drawdown Indicators

	OTEX	ADBE	Difference
Max Drawdown Largest peak-to-trough decline	-72.05%	-79.89%	+7.84%
Max Drawdown (1Y) Largest decline over 1 year	-47.21%	-45.95%	-1.26%
Max Drawdown (3Y) Largest decline over 3 years	-49.64%	-64.50%	+14.86%
Max Drawdown (5Y) Largest decline over 5 years	-57.15%	-67.26%	+10.11%
Max Drawdown (10Y) Largest decline over 10 years	-57.15%	-67.26%	+10.11%
Current Drawdown Current decline from peak	-48.33%	-61.92%	+13.59%
Average Drawdown Average peak-to-trough decline	-24.87%	-25.96%	+1.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.89%	26.72%	-1.83%

Volatility

OTEX vs. ADBE - Volatility Comparison

The current volatility for Open Text Corp (OTEX) is 12.99%, while Adobe Inc (ADBE) has a volatility of 13.79%. This indicates that OTEX experiences smaller price fluctuations and is considered to be less risky than ADBE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OTEX	ADBE	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.99%	13.79%	-0.80%
Volatility (6M) Calculated over the trailing 6-month period	28.11%	27.96%	+0.15%
Volatility (1Y) Calculated over the trailing 1-year period	35.77%	33.73%	+2.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.16%	36.31%	-5.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.55%	34.33%	-5.78%

Dividends

OTEX vs. ADBE - Dividend Comparison

OTEX's dividend yield for the trailing twelve months is around 4.39%, while ADBE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ADBE Adobe 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%
OTEX Open Text Corp	4.39%	3.30%	3.62%	2.35%	3.13%	1.78%	1.59%	1.53%	1.80%	1.43%	1.44%	1.61%

Financials

OTEX vs. ADBE - Profitability Comparison

The chart below illustrates the profitability comparison between Open Text Corp and Adobe Inc over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

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%.

ADBE - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Adobe Inc reported a gross profit of 5.73B and revenue of 6.40B. Therefore, the gross margin over that period was 89.6%.

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%.

ADBE - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Adobe Inc reported an operating income of 2.42B and revenue of 6.40B, resulting in an operating margin of 37.8%.

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%.

ADBE - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Adobe Inc reported a net income of 1.89B and revenue of 6.40B, resulting in a net margin of 29.5%.

Frequently Asked Questions

Can I hold both OTEX and ADBE in my portfolio?

OTEX and ADBE have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OTEX or ADBE?

ADBE has higher volatility (13.79%) compared to OTEX (12.99%). In terms of maximum drawdown, OTEX dropped -72.05% vs ADBE's -79.89%.

Which has better risk-adjusted returns?

OTEX currently has the higher Sharpe Ratio (-0.24 vs -1.04), 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.