PCTY vs. IDCC
PCTY (Paylocity Holding Corporation) and IDCC (InterDigital, Inc.) are both stocks. PCTY operates in Software - Application (Technology), while IDCC operates in Telecom Services (Communication Services). Over the past 10 years, PCTY returned 10.22%/yr vs 18.69%/yr for IDCC. At a 0.31 correlation, their price movements are largely independent.
Performance
PCTY vs. IDCC - Performance Comparison
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Returns By Period
In the year-to-date period, PCTY achieves a -22.30% return, which is significantly lower than IDCC's -16.22% return. Over the past 10 years, PCTY has underperformed IDCC with an annualized return of 10.22%, while IDCC has yielded a comparatively higher 18.69% annualized return.
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
- 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 vs. IDCC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PCTY Paylocity Holding Corporation | -22.30% | -23.55% | 21.00% | -15.14% | -17.74% | 14.69% | 70.43% | 100.66% | 27.67% | 57.15% |
IDCC InterDigital, Inc. | -16.22% | 66.05% | 81.06% | 123.67% | -29.25% | 20.49% | 14.28% | -16.11% | -11.23% | -15.34% |
Correlation
The correlation between PCTY and IDCC 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 PCTY and IDCC has dropped to 0.02 - well below their long-term average of 0.31, suggesting their price drivers have been diverging.
Fundamentals
PCTY:
$6.34B
IDCC:
$6.85B
PCTY:
$4.66
IDCC:
$10.37
PCTY:
25.44
IDCC:
25.53
PCTY:
0.75
IDCC:
0.32
PCTY:
3.80
IDCC:
11.29
PCTY:
5.52
IDCC:
8.46
PCTY:
$1.73B
IDCC:
$828.92M
PCTY:
$1.20B
IDCC:
$537.64M
PCTY:
$394.81M
IDCC:
$508.15M
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Return for Risk
PCTY vs. IDCC — Risk / Return Rank
PCTY
IDCC
PCTY vs. IDCC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Paylocity Holding Corporation (PCTY) and InterDigital, Inc. (IDCC). 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.
| PCTY | IDCC | 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 | 0.85 | 1.11 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.71 | 0.46 | -1.16 |
| Martin ratioReturn relative to average drawdown | -1.12 | 0.98 | -2.10 |
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Drawdowns
PCTY vs. IDCC - Drawdown Comparison
The maximum PCTY drawdown since its inception was -68.90%, smaller than the maximum IDCC drawdown of -93.83%. Use the drawdown chart below to compare losses from any high point for PCTY and IDCC.
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Drawdown Indicators
| PCTY | IDCC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.90% | -93.83% | +24.93% |
Max Drawdown (1Y)Largest decline over 1 year | -50.04% | -36.48% | -13.56% |
Max Drawdown (3Y)Largest decline over 3 years | -58.08% | -36.48% | -21.60% |
Max Drawdown (5Y)Largest decline over 5 years | -68.90% | -44.99% | -23.91% |
Max Drawdown (10Y)Largest decline over 10 years | -68.90% | -64.94% | -3.96% |
Current DrawdownCurrent decline from peak | -61.24% | -32.73% | -28.51% |
Average DrawdownAverage peak-to-trough decline | -23.72% | -45.24% | +21.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.38% | 17.00% | +14.38% |
Volatility
PCTY vs. IDCC - Volatility Comparison
Paylocity Holding Corporation (PCTY) and InterDigital, Inc. (IDCC) have volatilities of 13.58% and 13.08%, 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
| PCTY | IDCC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.58% | 13.08% | +0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 33.79% | 35.85% | -2.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.89% | 47.56% | -8.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.97% | 35.90% | +5.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.82% | 35.60% | +6.22% |
Dividends
PCTY vs. IDCC - Dividend Comparison
PCTY has not paid dividends to shareholders, while IDCC's dividend yield for the trailing twelve months is around 1.06%.
| 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
PCTY vs. IDCC - Financials Comparison
This section allows you to compare key financial metrics between Paylocity Holding Corporation and InterDigital, 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
PCTY vs. IDCC - Profitability Comparison
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 - 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 - 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 - 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 - 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%.
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%.
Frequently Asked Questions
PCTY and IDCC 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, PCTY dropped -68.90% vs IDCC's -93.83%.
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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