SNX vs. OTEX
SNX (TD SYNNEX Corporation) and OTEX (Open Text Corp) are both stocks. Both are in the Technology sector — SNX in Information Technology Services, OTEX in Software - Application. Over the past 10 years, SNX returned 21.03%/yr vs -1.48%/yr for OTEX. At a 0.36 correlation, their price movements are largely independent.
Performance
SNX vs. OTEX - 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 OTEX's -37.19% return. Over the past 10 years, SNX has outperformed OTEX with an annualized return of 21.03%, while OTEX has yielded a comparatively lower -1.48% 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%
OTEX
- 1D
- -3.29%
- 1M
- -13.74%
- YTD
- -37.19%
- 6M
- -39.48%
- 1Y
- -25.25%
- 3Y*
- -17.91%
- 5Y*
- -14.32%
- 10Y*
- -1.48%
SNX vs. OTEX - 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% |
OTEX Open Text Corp | -37.19% | 19.25% | -30.41% | 45.42% | -35.89% | 6.28% | 4.87% | 37.48% | -7.10% | 17.26% |
Correlation
The correlation between SNX and OTEX is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Nov 25, 2003 | 0.36 |
The correlation between SNX and OTEX shifts across timeframes, from 0.30 (1 year) to 0.45 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
SNX:
$22.71B
OTEX:
$4.96B
SNX:
$12.13
OTEX:
$2.04
SNX:
23.34
OTEX:
9.81
SNX:
1.79
OTEX:
0.24
SNX:
0.35
OTEX:
0.97
SNX:
2.59
OTEX:
1.25
SNX:
$65.14B
OTEX:
$5.23B
SNX:
$4.43B
OTEX:
$3.70B
SNX:
$1.91B
OTEX:
$1.39B
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Return for Risk
SNX vs. OTEX — Risk / Return Rank
SNX
OTEX
SNX vs. OTEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TD SYNNEX Corporation (SNX) and Open Text Corp (OTEX). 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 | OTEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.03 | ||
| Sortino ratioReturn per unit of downside risk | +6.09 | ||
| Omega ratioGain probability vs. loss probability | 1.69 | 0.90 | +0.79 |
| Calmar ratioReturn relative to maximum drawdown | 9.39 | -0.53 | +9.92 |
| Martin ratioReturn relative to average drawdown | 23.23 | -0.95 | +24.17 |
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Drawdowns
SNX vs. OTEX - Drawdown Comparison
The maximum SNX drawdown since its inception was -67.27%, smaller than the maximum OTEX drawdown of -72.05%. Use the drawdown chart below to compare losses from any high point for SNX and OTEX.
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Drawdown Indicators
| SNX | OTEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.27% | -72.05% | +4.78% |
Max Drawdown (1Y)Largest decline over 1 year | -13.97% | -48.02% | +34.05% |
Max Drawdown (3Y)Largest decline over 3 years | -33.78% | -50.41% | +16.63% |
Max Drawdown (5Y)Largest decline over 5 years | -36.52% | -57.80% | +21.28% |
Max Drawdown (10Y)Largest decline over 10 years | -55.94% | -57.80% | +1.86% |
Current DrawdownCurrent decline from peak | -0.49% | -57.80% | +57.31% |
Average DrawdownAverage peak-to-trough decline | -15.33% | -24.92% | +9.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.63% | 26.72% | -21.09% |
Volatility
SNX vs. OTEX - Volatility Comparison
The current volatility for TD SYNNEX Corporation (SNX) is 9.53%, while Open Text Corp (OTEX) has a volatility of 11.60%. This indicates that SNX experiences smaller price fluctuations and is considered to be less risky than OTEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SNX | OTEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.53% | 11.60% | -2.07% |
Volatility (6M)Calculated over the trailing 6-month period | 23.62% | 29.21% | -5.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.28% | 36.59% | -6.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.49% | 31.37% | -1.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.56% | 28.66% | +5.90% |
Dividends
SNX vs. OTEX - Dividend Comparison
SNX's dividend yield for the trailing twelve months is around 0.65%, less than OTEX's 5.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OTEX Open Text Corp | 5.50% | 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 | 0.65% | 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. OTEX - Financials Comparison
This section allows you to compare key financial metrics between TD SYNNEX Corporation and Open Text Corp. 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. OTEX - 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%.
OTEX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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 - 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%.
OTEX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 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 - 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%.
OTEX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Open Text Corp reported a net income of 172.65M and revenue of 1.28B, resulting in a net margin of 13.5%.
Frequently Asked Questions
SNX and OTEX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OTEX has higher volatility (11.60%) compared to SNX (9.53%). In terms of maximum drawdown, SNX dropped -67.27% vs OTEX's -72.05%.
SNX currently has the higher Sharpe Ratio (4.34 vs -0.69), 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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