PAYX vs. DBX
PAYX (Paychex, Inc.) and DBX (Dropbox, Inc.) are both stocks. PAYX operates in Staffing & Employment Services (Industrials), while DBX operates in Software - Infrastructure (Technology). Over the past 5 years, PAYX returned 3.69%/yr vs 0.67%/yr for DBX. Their 0.37 correlation means their historical movements had little consistent relationship.
Performance
PAYX vs. DBX - Performance Comparison
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Returns By Period
In the year-to-date period, PAYX achieves a 7.70% return, which is significantly lower than DBX's 17.12% return.
PAYX
- 1D
- 0.44%
- 1M
- 11.01%
- 6M
- 15.95%
- YTD
- 7.70%
- 1Y
- -12.45%
- 3Y*
- 1.18%
- 5Y*
- 3.69%
- 10Y*
- 10.47%
- ALL TIME*
- 18.25%
DBX
- 1D
- 1.40%
- 1M
- 14.01%
- 6M
- 27.79%
- YTD
- 17.12%
- 1Y
- 23.05%
- 3Y*
- 6.77%
- 5Y*
- 0.67%
- 10Y*
- —
- ALL TIME*
- 1.40%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $121.86M | $110.24M | $113.08M | |
PAYX Paychex, Inc. | $415.46M | $367.73M | $350.34M |
PAYX vs. DBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PAYX Paychex, Inc. | 7.70% | -17.49% | 21.31% | 6.21% | -13.16% | 50.16% | 13.25% | 34.53% | 5.30% |
DBX Dropbox, Inc. | 17.12% | -7.46% | 1.90% | 31.72% | -8.80% | 10.59% | 23.90% | -12.33% | -29.55% |
Correlation
The correlation between PAYX and DBX is 0.48, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.48 |
Correlation (3Y) Balances recent behavior with more history. | 0.37 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.43 |
Correlation (All Time) Calculated using the full available price history since Mar 23, 2018 | 0.37 |
The correlation between PAYX and DBX shifts across timeframes, from 0.37 (3 years) to 0.48 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
PAYX:
$41.56B
DBX:
$8.29B
PAYX:
$4.88
DBX:
$1.88
PAYX:
23.93
DBX:
17.36
PAYX:
3.82
DBX:
0.68
PAYX:
6.47
DBX:
3.25
PAYX:
$6.51B
DBX:
$2.53B
PAYX:
$4.84B
DBX:
$2.01B
PAYX:
$2.90B
DBX:
$819.80M
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Return for Risk
PAYX vs. DBX — Risk / Return Rank
PAYX
DBX
PAYX vs. DBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Paychex, Inc. (PAYX) and Dropbox, Inc. (DBX). 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.
| PAYX | DBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.12 | ||
| Sortino ratioReturn per unit of downside risk | -1.74 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.13 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.41 | 0.63 | -1.04 |
| Martin ratioReturn relative to average drawdown | -0.66 | 1.26 | -1.92 |
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Drawdowns
PAYX vs. DBX - Drawdown Comparison
The maximum PAYX drawdown since its inception was -64.85%, roughly equal to the maximum DBX drawdown of -62.64%. Use the drawdown chart below to compare losses from any high point for PAYX and DBX.
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Drawdown Indicators
| PAYX | DBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.85% | -62.64% | -2.21% |
Max Drawdown (1Y)Largest decline over 1 year | -38.17% | -31.43% | -6.74% |
Max Drawdown (3Y)Largest decline over 3 years | -44.95% | -37.39% | -7.56% |
Max Drawdown (5Y)Largest decline over 5 years | -44.95% | -41.52% | -3.43% |
Max Drawdown (10Y)Largest decline over 10 years | -44.95% | — | — |
Current DrawdownCurrent decline from peak | -23.07% | -22.48% | -0.59% |
Average DrawdownAverage peak-to-trough decline | -18.00% | -40.34% | +22.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.04% | 15.76% | +9.28% |
Volatility
PAYX vs. DBX - Volatility Comparison
Paychex, Inc. (PAYX) and Dropbox, Inc. (DBX) have volatilities of 10.62% and 10.54%, 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
| PAYX | DBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.62% | 10.54% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 23.27% | 29.35% | -6.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.68% | 35.96% | -8.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.36% | 33.84% | -9.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.46% | 38.90% | -13.44% |
Dividends
PAYX vs. DBX - Dividend Comparison
PAYX's dividend yield for the trailing twelve months is around 3.89%, while DBX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBX Dropbox, 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% |
PAYX Paychex, Inc. | 3.89% | 3.76% | 2.73% | 2.90% | 2.62% | 1.90% | 2.66% | 2.85% | 3.35% | 2.82% | 2.89% | 3.03% |
Financials
PAYX vs. DBX - Financials Comparison
This section allows you to compare key financial metrics between Paychex, Inc. and Dropbox, Inc.. 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
PAYX vs. DBX - Profitability Comparison
PAYX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Paychex, Inc. reported a gross profit of 1.19B and revenue of 1.61B. Therefore, the gross margin over that period was 74.0%.
DBX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Dropbox, Inc. reported a gross profit of 501.40M and revenue of 629.50M. Therefore, the gross margin over that period was 79.7%.
PAYX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Paychex, Inc. reported an operating income of 604.70M and revenue of 1.61B, resulting in an operating margin of 37.7%.
DBX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Dropbox, Inc. reported an operating income of 172.80M and revenue of 629.50M, resulting in an operating margin of 27.5%.
PAYX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Paychex, Inc. reported a net income of 420.60M and revenue of 1.61B, resulting in a net margin of 26.2%.
DBX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Dropbox, Inc. reported a net income of 114.50M and revenue of 629.50M, resulting in a net margin of 18.2%.
Frequently Asked Questions
PAYX and DBX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PAYX has higher volatility (10.62%) compared to DBX (10.54%). In terms of maximum drawdown, PAYX dropped -64.85% vs DBX's -62.64%.
DBX currently has the higher Sharpe Ratio (0.55 vs -0.56), 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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