CHH vs. FTNT

Last updated Jun 4, 2026

CHH (Choice Hotels International, Inc.) and FTNT (Fortinet, Inc.) are both stocks. CHH operates in Lodging (Consumer Cyclical), while FTNT operates in Software - Infrastructure (Technology). Over the past 10 years, CHH returned 9.75%/yr vs 35.70%/yr for FTNT. At a 0.32 correlation, their price movements are largely independent.

Performance

CHH vs. FTNT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Choice Hotels International, Inc. (CHH) and Fortinet, Inc. (FTNT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CHH achieves a 12.51% return, which is significantly lower than FTNT's 84.46% return. Over the past 10 years, CHH has underperformed FTNT with an annualized return of 9.75%, while FTNT has yielded a comparatively higher 35.70% annualized return.

CHH

• 1D: -3.54%
• 1M: 8.47%
• YTD: 12.51%
• 6M: 16.93%
• 1Y: -15.60%
• 3Y*: -1.73%
• 5Y*: -1.56%
• 10Y*: 9.75%

FTNT

• 1D: -1.60%
• 1M: 64.14%
• YTD: 84.46%
• 6M: 76.99%
• 1Y: 42.38%
• 3Y*: 29.07%
• 5Y*: 26.99%
• 10Y*: 35.70%

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

CHH vs. FTNT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CHH Choice Hotels International, Inc.	12.51%	-32.29%	26.18%	1.58%	-27.10%	46.69%	3.57%	45.92%	-6.72%	40.23%
FTNT Fortinet, Inc.	84.46%	-15.95%	61.42%	19.72%	-31.98%	141.97%	39.13%	51.58%	61.20%	45.05%

Correlation

The correlation between CHH and FTNT is 0.08, 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	0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.29
Correlation (10Y) Calculated over the trailing 10-year period	0.30
Correlation (All Time) Calculated using the full available price history since Nov 19, 2009	0.32

Over the past year, the correlation between CHH and FTNT has dropped to 0.08 - well below their long-term average of 0.32, suggesting their price drivers have been diverging.

Fundamentals

EPS CHH : $9.91 FTNT : $2.58
PE Ratio CHH : 10.75 FTNT : 56.88
PEG Ratio CHH : 0.83 FTNT : 1.58
PS Ratio CHH : 2.32 FTNT : 15.64
Total Revenue (TTM) CHH : $1.60B FTNT : $7.11B
Gross Profit (TTM) CHH : $863.19M FTNT : $5.74B
EBITDA (TTM) CHH : $630.73M FTNT : $2.47B

Return for Risk

CHH vs. FTNT — Risk / Return Rank

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

CHH

CHH Risk / Return Rank: 23
CHH Sharpe Ratio Rank: 21
CHH Sortino Ratio Rank: 21
CHH Omega Ratio Rank: 22
CHH Calmar Ratio Rank: 26
CHH Martin Ratio Rank: 27

FTNT

FTNT Risk / Return Rank: 66
FTNT Sharpe Ratio Rank: 70
FTNT Sortino Ratio Rank: 63
FTNT Omega Ratio Rank: 70
FTNT Calmar Ratio Rank: 66
FTNT Martin Ratio Rank: 59

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.

CHH vs. FTNT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Choice Hotels International, Inc. (CHH) and Fortinet, Inc. (FTNT). 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.

	CHH	FTNT	Difference
Sharpe ratio Return per unit of total volatility	-0.45	0.95	-1.40
Sortino ratio Return per unit of downside risk	-0.42	1.44	-1.86
Omega ratio Gain probability vs. loss probability	0.95	1.23	-0.28
Calmar ratio Return relative to maximum drawdown	-0.42	1.38	-1.80
Martin ratio Return relative to average drawdown	-0.74	2.02	-2.76
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CHH vs. FTNT - Sharpe Ratio Comparison

The current CHH Sharpe Ratio is -0.45, which is lower than the FTNT Sharpe Ratio of 0.95. The chart below compares the historical Sharpe Ratios of CHH and FTNT, 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

	CHH	FTNT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.45	0.95	-1.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.05	0.62	-0.67
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.33	0.88	-0.55
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	0.75	-0.44

Drawdowns

CHH vs. FTNT - Drawdown Comparison

The maximum CHH drawdown since its inception was -65.88%, which is greater than FTNT's maximum drawdown of -51.20%. Use the drawdown chart below to compare losses from any high point for CHH and FTNT.

Drawdown Indicators

	CHH	FTNT	Difference
Max Drawdown Largest peak-to-trough decline	-65.88%	-51.20%	-14.68%
Max Drawdown (1Y) Largest decline over 1 year	-37.45%	-30.90%	-6.55%
Max Drawdown (3Y) Largest decline over 3 years	-45.50%	-38.32%	-7.18%
Max Drawdown (5Y) Largest decline over 5 years	-45.50%	-38.32%	-7.18%
Max Drawdown (10Y) Largest decline over 10 years	-50.50%	-38.32%	-12.18%
Current Drawdown Current decline from peak	-30.79%	-1.60%	-29.19%
Average Drawdown Average peak-to-trough decline	-20.25%	-16.25%	-4.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.06%	21.06%	0.00%

Volatility

CHH vs. FTNT - Volatility Comparison

The current volatility for Choice Hotels International, Inc. (CHH) is 10.93%, while Fortinet, Inc. (FTNT) has a volatility of 20.64%. This indicates that CHH experiences smaller price fluctuations and is considered to be less risky than FTNT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CHH	FTNT	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.93%	20.64%	-9.71%
Volatility (6M) Calculated over the trailing 6-month period	29.82%	31.59%	-1.77%
Volatility (1Y) Calculated over the trailing 1-year period	34.87%	44.81%	-9.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.32%	43.88%	-14.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.53%	40.84%	-11.31%

Dividends

CHH vs. FTNT - Dividend Comparison

CHH's dividend yield for the trailing twelve months is around 1.08%, while FTNT has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CHH Choice Hotels International, Inc.	1.08%	1.21%	0.61%	1.02%	1.05%	0.29%	0.21%	0.84%	1.20%	1.11%	1.48%	1.57%
FTNT Fortinet, Inc.	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

CHH vs. FTNT - Profitability Comparison

The chart below illustrates the profitability comparison between Choice Hotels International, Inc. and Fortinet, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

CHH - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Choice Hotels International, Inc. reported a gross profit of 216.67M and revenue of 340.58M. Therefore, the gross margin over that period was 63.6%.

FTNT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Fortinet, Inc. reported a gross profit of 1.49B and revenue of 1.85B. Therefore, the gross margin over that period was 80.3%.

CHH - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Choice Hotels International, Inc. reported an operating income of 60.03M and revenue of 340.58M, resulting in an operating margin of 17.6%.

FTNT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Fortinet, Inc. reported an operating income of 580.00M and revenue of 1.85B, resulting in an operating margin of 31.4%.

CHH - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Choice Hotels International, Inc. reported a net income of 20.30M and revenue of 340.58M, resulting in a net margin of 6.0%.

FTNT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Fortinet, Inc. reported a net income of 534.50M and revenue of 1.85B, resulting in a net margin of 28.9%.

Frequently Asked Questions

Can I hold both CHH and FTNT in my portfolio?

CHH and FTNT have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CHH or FTNT?

FTNT has higher volatility (20.64%) compared to CHH (10.93%). In terms of maximum drawdown, CHH dropped -65.88% vs FTNT's -51.20%.

Which has better risk-adjusted returns?

FTNT currently has the higher Sharpe Ratio (0.95 vs -0.45), 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.