WTC.AX vs. DSGX

Last updated Jun 5, 2026

WTC.AX (WiseTech Global Limited) and DSGX (The Descartes Systems Group Inc.) are both stocks. Both operate in the Software - Application industry within the Technology sector. Over the past 10 years, WTC.AX returned 24.97%/yr vs 14.52%/yr for DSGX. At a 0.08 correlation, their price movements are largely independent.

Performance

WTC.AX vs. DSGX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in WiseTech Global Limited (WTC.AX) and The Descartes Systems Group Inc. (DSGX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

WTC.AX is traded in AUD, while DSGX is traded in USD. To make them comparable, the DSGX values have been converted to AUD using the latest available exchange rates.

Returns By Period

In the year-to-date period, WTC.AX achieves a -41.25% return, which is significantly lower than DSGX's -16.57% return. Over the past 10 years, WTC.AX has outperformed DSGX with an annualized return of 24.97%, while DSGX has yielded a comparatively lower 14.52% annualized return.

WTC.AX

• 1D: -2.93%
• 1M: -12.26%
• YTD: -41.25%
• 6M: -45.50%
• 1Y: -62.19%
• 3Y*: -18.99%
• 5Y*: 7.28%
• 10Y*: 24.97%

DSGX

• 1D: 5.43%
• 1M: 8.41%
• YTD: -16.57%
• 6M: -23.64%
• 1Y: -38.48%
• 3Y*: -2.13%
• 5Y*: 5.88%
• 10Y*: 14.52%

*Multi-year figures are annualized to reflect compound growth (CAGR)

WTC.AX vs. DSGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WTC.AX WiseTech Global Limited	-41.25%	-43.31%	60.87%	48.84%	-13.19%	90.85%	31.79%	38.46%	19.65%	151.28%
DSGX The Descartes Systems Group Inc.	-16.57%	-28.44%	48.74%	20.78%	-10.19%	49.67%	24.87%	62.20%	3.16%	22.60%

Correlation

The correlation between WTC.AX and DSGX is -0.00, 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	-0.00
Correlation (3Y) Calculated over the trailing 3-year period	0.06
Correlation (5Y) Calculated over the trailing 5-year period	0.07
Correlation (10Y) Calculated over the trailing 10-year period	0.08
Correlation (All Time) Calculated using the full available price history since Apr 12, 2016	0.08

Return for Risk

WTC.AX vs. DSGX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WTC.AX

WTC.AX Risk / Return Rank: 5
WTC.AX Sharpe Ratio Rank: 2
WTC.AX Sortino Ratio Rank: 2
WTC.AX Omega Ratio Rank: 3
WTC.AX Calmar Ratio Rank: 7
WTC.AX Martin Ratio Rank: 9

DSGX

DSGX Risk / Return Rank: 10
DSGX Sharpe Ratio Rank: 8
DSGX Sortino Ratio Rank: 10
DSGX Omega Ratio Rank: 11
DSGX Calmar Ratio Rank: 12
DSGX Martin Ratio Rank: 8

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WTC.AX vs. DSGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WiseTech Global Limited (WTC.AX) and The Descartes Systems Group Inc. (DSGX). 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.

	WTC.AX	DSGX	Difference
Sharpe ratio: Return per unit of total volatility	-1.16	-0.96	-0.20
Sortino ratio: Return per unit of downside risk	-2.07	-1.39	-0.68
Omega ratio: Gain probability vs. loss probability	0.75	0.83	-0.08
Calmar ratio: Return relative to maximum drawdown	-0.88	-0.83	-0.05
Martin ratio: Return relative to average drawdown	-1.38	-1.44	+0.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WTC.AX vs. DSGX - Sharpe Ratio Comparison

The current WTC.AX Sharpe Ratio is -1.16, which is comparable to the DSGX Sharpe Ratio of -0.96. The chart below compares the historical Sharpe Ratios of WTC.AX and DSGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	WTC.AX	DSGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.16	-0.96	-0.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.15	0.20	-0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	0.51	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.53	-0.02

Drawdowns

WTC.AX vs. DSGX - Drawdown Comparison

The maximum WTC.AX drawdown since its inception was -73.96%, which is greater than DSGX's maximum drawdown of -54.37%. Use the drawdown chart below to compare losses from any high point for WTC.AX and DSGX.

Drawdown Indicators

	WTC.AX	DSGX	Difference
Max Drawdown Largest peak-to-trough decline	-73.96%	-54.37%	-19.59%
Max Drawdown (1Y) Largest decline over 1 year	-70.02%	-46.48%	-23.54%
Max Drawdown (3Y) Largest decline over 3 years	-73.96%	-54.37%	-19.59%
Max Drawdown (5Y) Largest decline over 5 years	-73.96%	-54.37%	-19.59%
Max Drawdown (10Y) Largest decline over 10 years	-73.96%	-54.37%	-19.59%
Current Drawdown Current decline from peak	-70.98%	-43.83%	-27.15%
Average Drawdown Average peak-to-trough decline	-18.58%	-10.85%	-7.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	44.91%	30.81%	+14.10%

Volatility

WTC.AX vs. DSGX - Volatility Comparison

WiseTech Global Limited (WTC.AX) has a higher volatility of 16.48% compared to The Descartes Systems Group Inc. (DSGX) at 15.34%. This indicates that WTC.AX's price experiences larger fluctuations and is considered to be riskier than DSGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WTC.AX	DSGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.48%	15.34%	+1.14%
Volatility (6M) Calculated over the trailing 6-month period	45.25%	33.46%	+11.79%
Volatility (1Y) Calculated over the trailing 1-year period	53.45%	40.37%	+13.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.41%	29.76%	+17.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.03%	28.61%	+22.42%

Dividends

WTC.AX vs. DSGX - Dividend Comparison

WTC.AX's dividend yield for the trailing twelve months is around 0.53%, while DSGX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DSGX The Descartes Systems Group Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
WTC.AX WiseTech Global Limited	0.53%	0.32%	0.14%	0.20%	0.22%	0.11%	0.11%	0.15%	0.16%	0.16%

Financials

Frequently Asked Questions

Can I hold both WTC.AX and DSGX in my portfolio?

WTC.AX and DSGX have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.