PCTY vs. TER
PCTY (Paylocity Holding Corporation) and TER (Teradyne, Inc.) are both stocks. Both are in the Technology sector — PCTY in Software - Application, TER in Semiconductor Equipment & Materials. Over the past 10 years, PCTY returned 11.97%/yr vs 34.90%/yr for TER. Their 0.35 correlation means their historical movements had little consistent relationship.
Performance
PCTY vs. TER - Performance Comparison
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Returns By Period
In the year-to-date period, PCTY achieves a -9.58% return, which is significantly lower than TER's 90.11% return. Over the past 10 years, PCTY has underperformed TER with an annualized return of 11.97%, while TER has yielded a comparatively higher 34.90% annualized return.
PCTY
- 1D
- 0.87%
- 1M
- 19.80%
- 6M
- 2.16%
- YTD
- -9.58%
- 1Y
- -24.00%
- 3Y*
- -15.25%
- 5Y*
- -7.84%
- 10Y*
- 11.97%
- ALL TIME*
- 12.83%
TER
- 1D
- 0.60%
- 1M
- -0.38%
- 6M
- 52.66%
- YTD
- 90.11%
- 1Y
- 253.91%
- 3Y*
- 49.54%
- 5Y*
- 24.17%
- 10Y*
- 34.90%
- ALL TIME*
- 11.43%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $87.48M | $88.57M | $88.49M | |
| $1.53B | $1.39B | $1.68B |
PCTY vs. TER - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PCTY Paylocity Holding Corporation | -9.58% | -23.55% | 21.00% | -15.14% | -17.74% | 14.69% | 70.43% | 100.66% | 27.67% | 57.15% |
TER Teradyne, Inc. | 90.11% | 54.39% | 16.51% | 24.78% | -46.35% | 36.81% | 76.73% | 118.93% | -24.37% | 66.16% |
Correlation
The correlation between PCTY and TER is -0.31, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.31 |
Correlation (3Y) Balances recent behavior with more history. | 0.10 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.29 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.35 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 2014 | 0.35 |
The correlation between PCTY and TER shifts across timeframes, from -0.31 (1 year) to 0.35 (all time), reflecting how their relationship changes across market environments.
Fundamentals
PCTY:
$7.38B
TER:
$57.56B
PCTY:
$4.66
TER:
$7.28
PCTY:
29.61
TER:
50.51
PCTY:
4.42
TER:
13.02
PCTY:
6.43
TER:
0.02
PCTY:
$1.73B
TER:
$4.46B
PCTY:
$1.20B
TER:
$2.65B
PCTY:
$394.81M
TER:
$1.42B
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Return for Risk
PCTY vs. TER — Risk / Return Rank
PCTY
TER
PCTY vs. TER - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Paylocity Holding Corporation (PCTY) and Teradyne, Inc. (TER). 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 | TER | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.94 | ||
| Sortino ratioReturn per unit of downside risk | -3.93 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.44 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | 7.20 | -7.72 |
| Martin ratioReturn relative to average drawdown | -0.81 | 22.29 | -23.11 |
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Drawdowns
PCTY vs. TER - Drawdown Comparison
The maximum PCTY drawdown since its inception was -68.90%, smaller than the maximum TER drawdown of -97.30%. Use the drawdown chart below to compare losses from any high point for PCTY and TER.
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Drawdown Indicators
| PCTY | TER | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.90% | -97.30% | +28.40% |
Max Drawdown (1Y)Largest decline over 1 year | -49.10% | -33.98% | -15.12% |
Max Drawdown (3Y)Largest decline over 3 years | -56.35% | -58.18% | +1.83% |
Max Drawdown (5Y)Largest decline over 5 years | -68.90% | -59.12% | -9.78% |
Max Drawdown (10Y)Largest decline over 10 years | -68.90% | -59.12% | -9.78% |
Current DrawdownCurrent decline from peak | -54.90% | -24.01% | -30.89% |
Average DrawdownAverage peak-to-trough decline | -23.88% | -58.54% | +34.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.26% | 10.96% | +20.30% |
Volatility
PCTY vs. TER - Volatility Comparison
The current volatility for Paylocity Holding Corporation (PCTY) is 14.31%, while Teradyne, Inc. (TER) has a volatility of 29.42%. This indicates that PCTY experiences smaller price fluctuations and is considered to be less risky than TER based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PCTY | TER | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.31% | 29.42% | -15.11% |
Volatility (6M)Calculated over the trailing 6-month period | 34.87% | 63.50% | -28.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.54% | 73.88% | -33.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.28% | 52.71% | -11.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.00% | 46.68% | -4.68% |
Dividends
PCTY vs. TER - Dividend Comparison
PCTY has not paid dividends to shareholders, while TER's dividend yield for the trailing twelve months is around 0.14%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TER Teradyne, Inc. | 0.14% | 0.25% | 0.38% | 0.41% | 0.50% | 0.24% | 0.33% | 0.53% | 1.15% | 0.67% | 0.94% | 1.16% |
Financials
PCTY vs. TER - Financials Comparison
This section allows you to compare key financial metrics between Paylocity Holding Corporation and Teradyne, 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. TER - Profitability Comparison
PCTY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 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%.
TER - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Teradyne, Inc. reported a gross profit of 794.62M and revenue of 1.33B. Therefore, the gross margin over that period was 59.8%.
PCTY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Paylocity Holding Corporation reported an operating income of 156.76M and revenue of 502.29M, resulting in an operating margin of 31.2%.
TER - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Teradyne, Inc. reported an operating income of 437.81M and revenue of 1.33B, resulting in an operating margin of 32.9%.
PCTY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Paylocity Holding Corporation reported a net income of 111.25M and revenue of 502.29M, resulting in a net margin of 22.2%.
TER - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Teradyne, Inc. reported a net income of 374.53M and revenue of 1.33B, resulting in a net margin of 28.2%.
Frequently Asked Questions
PCTY and TER have a correlation of -0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TER has higher volatility (29.42%) compared to PCTY (14.31%). In terms of maximum drawdown, PCTY dropped -68.90% vs TER's -97.30%.
TER currently has the higher Sharpe Ratio (3.31 vs -0.63), 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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