SNX vs. CDW
SNX (TD SYNNEX Corporation) and CDW (CDW Corporation) are both stocks. Both operate in the Information Technology Services industry within the Technology sector. Over the past 10 years, SNX returned 21.03%/yr vs 13.41%/yr for CDW. A 0.59 correlation means they provide meaningful diversification when combined.
Performance
SNX vs. CDW - Performance Comparison
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Returns By Period
In the year-to-date period, SNX achieves a 89.60% return, which is significantly higher than CDW's -8.27% return. Over the past 10 years, SNX has outperformed CDW with an annualized return of 21.03%, while CDW has yielded a comparatively lower 13.41% annualized return.
SNX
- 1D
- -0.46%
- 1M
- 19.35%
- YTD
- 89.60%
- 6M
- 85.48%
- 1Y
- 130.35%
- 3Y*
- 45.27%
- 5Y*
- 20.49%
- 10Y*
- 21.03%
CDW
- 1D
- -3.74%
- 1M
- 11.51%
- YTD
- -8.27%
- 6M
- -10.45%
- 1Y
- -26.18%
- 3Y*
- -10.08%
- 5Y*
- -4.84%
- 10Y*
- 13.41%
SNX vs. CDW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SNX TD SYNNEX Corporation | 89.60% | 29.82% | 10.55% | 15.25% | -16.11% | 41.48% | 26.81% | 61.74% | -39.71% | 13.33% |
CDW CDW Corporation | -8.27% | -20.56% | -22.57% | 28.84% | -11.75% | 56.87% | -6.55% | 78.22% | 17.98% | 34.92% |
Correlation
The correlation between SNX and CDW is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2013 | 0.59 |
The correlation between SNX and CDW shifts across timeframes, from 0.49 (1 year) to 0.65 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
SNX:
$22.71B
CDW:
$16.00B
SNX:
$12.13
CDW:
$8.22
SNX:
23.34
CDW:
15.04
SNX:
1.79
CDW:
4.27
SNX:
0.35
CDW:
0.71
SNX:
2.59
CDW:
6.26
SNX:
$65.14B
CDW:
$22.90B
SNX:
$4.43B
CDW:
$4.94B
SNX:
$1.91B
CDW:
$1.89B
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Return for Risk
SNX vs. CDW — Risk / Return Rank
SNX
CDW
SNX vs. CDW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TD SYNNEX Corporation (SNX) and CDW Corporation (CDW). 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.
| SNX | CDW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.99 | ||
| Sortino ratioReturn per unit of downside risk | +5.94 | ||
| Omega ratioGain probability vs. loss probability | 1.69 | 0.90 | +0.79 |
| Calmar ratioReturn relative to maximum drawdown | 9.39 | -0.58 | +9.97 |
| Martin ratioReturn relative to average drawdown | 23.23 | -1.11 | +24.34 |
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Drawdowns
SNX vs. CDW - Drawdown Comparison
The maximum SNX drawdown since its inception was -67.27%, which is greater than CDW's maximum drawdown of -60.37%. Use the drawdown chart below to compare losses from any high point for SNX and CDW.
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Drawdown Indicators
| SNX | CDW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.27% | -60.37% | -6.90% |
Max Drawdown (1Y)Largest decline over 1 year | -13.97% | -44.97% | +31.00% |
Max Drawdown (3Y)Largest decline over 3 years | -33.78% | -60.37% | +26.59% |
Max Drawdown (5Y)Largest decline over 5 years | -36.52% | -60.37% | +23.85% |
Max Drawdown (10Y)Largest decline over 10 years | -55.94% | -60.37% | +4.43% |
Current DrawdownCurrent decline from peak | -0.49% | -50.39% | +49.90% |
Average DrawdownAverage peak-to-trough decline | -15.33% | -11.05% | -4.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.63% | 23.57% | -17.94% |
Volatility
SNX vs. CDW - Volatility Comparison
The current volatility for TD SYNNEX Corporation (SNX) is 9.53%, while CDW Corporation (CDW) has a volatility of 17.89%. This indicates that SNX experiences smaller price fluctuations and is considered to be less risky than CDW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SNX | CDW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.53% | 17.89% | -8.36% |
Volatility (6M)Calculated over the trailing 6-month period | 23.62% | 36.10% | -12.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.28% | 40.52% | -10.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.49% | 31.04% | -1.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.56% | 30.98% | +3.58% |
Dividends
SNX vs. CDW - Dividend Comparison
SNX's dividend yield for the trailing twelve months is around 0.65%, less than CDW's 2.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CDW CDW Corporation | 2.04% | 1.84% | 1.43% | 1.05% | 1.17% | 0.83% | 1.17% | 0.89% | 1.14% | 0.99% | 0.93% | 0.74% |
SNX TD SYNNEX Corporation | 0.65% | 1.17% | 1.36% | 1.30% | 1.27% | 0.70% | 0.25% | 1.16% | 1.73% | 0.77% | 0.70% | 0.64% |
Financials
SNX vs. CDW - Financials Comparison
This section allows you to compare key financial metrics between TD SYNNEX Corporation and CDW 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
SNX vs. CDW - Profitability Comparison
SNX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, TD SYNNEX Corporation reported a gross profit of 1.25B and revenue of 17.16B. Therefore, the gross margin over that period was 7.3%.
CDW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, CDW Corporation reported a gross profit of 1.19B and revenue of 5.68B. Therefore, the gross margin over that period was 21.0%.
SNX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, TD SYNNEX Corporation reported an operating income of 489.36M and revenue of 17.16B, resulting in an operating margin of 2.9%.
CDW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, CDW Corporation reported an operating income of 376.00M and revenue of 5.68B, resulting in an operating margin of 6.6%.
SNX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, TD SYNNEX Corporation reported a net income of 326.92M and revenue of 17.16B, resulting in a net margin of 1.9%.
CDW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, CDW Corporation reported a net income of 235.40M and revenue of 5.68B, resulting in a net margin of 4.1%.
Frequently Asked Questions
SNX and CDW have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CDW has higher volatility (17.89%) compared to SNX (9.53%). In terms of maximum drawdown, SNX dropped -67.27% vs CDW's -60.37%.
SNX currently has the higher Sharpe Ratio (4.34 vs -0.65), 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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