OTEX vs. SNX
OTEX (Open Text Corp) and SNX (TD SYNNEX Corporation) are both stocks. Both are in the Technology sector — OTEX in Software - Application, SNX in Information Technology Services. Over the past 10 years, OTEX returned -0.10%/yr vs 18.83%/yr for SNX. At a 0.36 correlation, their price movements are largely independent.
Performance
OTEX vs. SNX - Performance Comparison
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Returns By Period
In the year-to-date period, OTEX achieves a -26.02% return, which is significantly lower than SNX's 68.21% return. Over the past 10 years, OTEX has underperformed SNX with an annualized return of -0.10%, while SNX has yielded a comparatively higher 18.83% annualized return.
OTEX
- 1D
- 2.43%
- 1M
- 6.03%
- 6M
- -28.20%
- YTD
- -26.02%
- 1Y
- -12.55%
- 3Y*
- -14.34%
- 5Y*
- -11.57%
- 10Y*
- -0.10%
SNX
- 1D
- -0.08%
- 1M
- -10.45%
- 6M
- 68.14%
- YTD
- 68.21%
- 1Y
- 78.73%
- 3Y*
- 38.79%
- 5Y*
- 18.09%
- 10Y*
- 18.83%
OTEX vs. SNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OTEX Open Text Corp | -26.02% | 19.25% | -30.41% | 45.42% | -35.89% | 6.28% | 4.87% | 37.48% | -7.10% | 17.26% |
SNX TD SYNNEX Corporation | 68.21% | 29.82% | 10.55% | 15.25% | -16.11% | 41.48% | 26.81% | 61.74% | -39.71% | 13.33% |
Correlation
The correlation between OTEX and SNX is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Nov 25, 2003 | 0.36 |
The correlation between OTEX and SNX shifts across timeframes, from 0.24 (1 year) to 0.43 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
OTEX:
$5.72B
SNX:
$20.09B
OTEX:
$2.05
SNX:
$18.75
OTEX:
11.49
SNX:
13.40
OTEX:
0.28
SNX:
1.03
OTEX:
1.13
SNX:
0.29
OTEX:
1.48
SNX:
2.25
OTEX:
$5.23B
SNX:
$69.77B
OTEX:
$3.70B
SNX:
$4.76B
OTEX:
$1.39B
SNX:
$1.66B
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Return for Risk
OTEX vs. SNX — Risk / Return Rank
OTEX
SNX
OTEX vs. SNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Open Text Corp (OTEX) and TD SYNNEX Corporation (SNX). 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.
| OTEX | SNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.89 | ||
| Sortino ratioReturn per unit of downside risk | -3.57 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.43 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.26 | 4.22 | -4.48 |
| Martin ratioReturn relative to average drawdown | -0.44 | 12.55 | -12.99 |
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Drawdowns
OTEX vs. SNX - Drawdown Comparison
The maximum OTEX drawdown since its inception was -72.05%, which is greater than SNX's maximum drawdown of -67.27%. Use the drawdown chart below to compare losses from any high point for OTEX and SNX.
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Drawdown Indicators
| OTEX | SNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.05% | -67.27% | -4.78% |
Max Drawdown (1Y)Largest decline over 1 year | -48.02% | -18.77% | -29.25% |
Max Drawdown (3Y)Largest decline over 3 years | -50.41% | -33.78% | -16.63% |
Max Drawdown (5Y)Largest decline over 5 years | -57.80% | -36.52% | -21.28% |
Max Drawdown (10Y)Largest decline over 10 years | -57.80% | -55.94% | -1.86% |
Current DrawdownCurrent decline from peak | -50.29% | -13.38% | -36.91% |
Average DrawdownAverage peak-to-trough decline | -24.98% | -15.32% | -9.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.46% | 6.29% | +22.17% |
Volatility
OTEX vs. SNX - Volatility Comparison
Open Text Corp (OTEX) and TD SYNNEX Corporation (SNX) have volatilities of 11.48% and 11.57%, 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
| OTEX | SNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.48% | 11.57% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 30.59% | 25.69% | +4.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.05% | 31.14% | +5.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.61% | 29.74% | +1.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.74% | 34.66% | -5.92% |
Dividends
OTEX vs. SNX - Dividend Comparison
OTEX's dividend yield for the trailing twelve months is around 4.67%, more than SNX's 0.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OTEX Open Text Corp | 4.67% | 3.30% | 3.62% | 2.35% | 3.13% | 1.78% | 1.59% | 1.53% | 1.80% | 1.43% | 1.44% | 1.61% |
SNX TD SYNNEX Corporation | 0.56% | 1.17% | 1.36% | 1.30% | 1.27% | 0.70% | 0.25% | 1.16% | 1.73% | 0.77% | 0.70% | 0.64% |
Financials
OTEX vs. SNX - Financials Comparison
This section allows you to compare key financial metrics between Open Text Corp and TD SYNNEX 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
OTEX vs. SNX - Profitability Comparison
OTEX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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%.
SNX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, TD SYNNEX Corporation reported a gross profit of 1.34B and revenue of 19.57B. Therefore, the gross margin over that period was 6.8%.
OTEX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Open Text Corp reported an operating income of 201.21M and revenue of 1.28B, resulting in an operating margin of 15.7%.
SNX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, TD SYNNEX Corporation reported an operating income of 519.36M and revenue of 19.57B, resulting in an operating margin of 2.7%.
OTEX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Open Text Corp reported a net income of 172.65M and revenue of 1.28B, resulting in a net margin of 13.5%.
SNX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, TD SYNNEX Corporation reported a net income of 716.76M and revenue of 19.57B, resulting in a net margin of 3.7%.
Frequently Asked Questions
OTEX and SNX have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SNX has higher volatility (11.57%) compared to OTEX (11.48%). In terms of maximum drawdown, OTEX dropped -72.05% vs SNX's -67.27%.
SNX currently has the higher Sharpe Ratio (2.55 vs -0.34), 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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