DDOG vs. FTNT
DDOG (Datadog, Inc.) and FTNT (Fortinet, Inc.) are both stocks. Both are in the Technology sector — DDOG in Software - Application, FTNT in Software - Infrastructure. Over the past 5 years, DDOG returned 19.34%/yr vs 24.36%/yr for FTNT. Their 0.52 correlation means they have sometimes moved together and sometimes differently.
Performance
DDOG vs. FTNT - Performance Comparison
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Returns By Period
In the year-to-date period, DDOG achieves a 97.05% return, which is significantly lower than FTNT's 103.94% return.
DDOG
- 1D
- -0.22%
- 1M
- 2.92%
- 6M
- 107.21%
- YTD
- 97.05%
- 1Y
- 97.62%
- 3Y*
- 32.59%
- 5Y*
- 19.34%
- 10Y*
- —
- ALL TIME*
- 31.76%
FTNT
- 1D
- 4.99%
- 1M
- 3.65%
- 6M
- 99.30%
- YTD
- 103.94%
- 1Y
- 66.34%
- 3Y*
- 27.56%
- 5Y*
- 24.36%
- 10Y*
- 37.30%
- ALL TIME*
- 31.37%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
DDOG Datadog, Inc. | $1.04B | $1.07B | $1.29B |
FTNT Fortinet, Inc. | $952.63M | $852.74M | $900.80M |
DDOG vs. FTNT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DDOG Datadog, Inc. | 97.05% | -4.83% | 17.72% | 65.14% | -58.73% | 80.93% | 160.56% | -6.37% |
FTNT Fortinet, Inc. | 103.94% | -15.95% | 61.42% | 19.72% | -31.98% | 141.97% | 39.13% | 35.36% |
Correlation
The correlation between DDOG and FTNT is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.54 |
Correlation (3Y) Balances recent behavior with more history. | 0.44 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.54 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2019 | 0.52 |
The correlation between DDOG and FTNT shifts across timeframes, from 0.44 (3 years) to 0.54 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
DDOG:
$95.39B
FTNT:
$118.65B
DDOG:
$0.37
FTNT:
$2.83
DDOG:
719.11
FTNT:
57.32
DDOG:
6.45
FTNT:
1.59
DDOG:
26.57
FTNT:
16.15
DDOG:
24.51
FTNT:
77.40
DDOG:
$3.67B
FTNT:
$7.53B
DDOG:
$2.93B
FTNT:
$6.05B
DDOG:
$173.48M
FTNT:
$2.70B
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Return for Risk
DDOG vs. FTNT — Risk / Return Rank
DDOG
FTNT
DDOG vs. FTNT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Datadog, Inc. (DDOG) 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.
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.
| DDOG | FTNT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.29 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.89 | 2.55 | -0.66 |
| Martin ratioReturn relative to average drawdown | 3.73 | 4.11 | -0.38 |
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Drawdowns
DDOG vs. FTNT - Drawdown Comparison
The maximum DDOG drawdown since its inception was -68.11%, which is greater than FTNT's maximum drawdown of -51.20%. Use the drawdown chart below to compare losses from any high point for DDOG and FTNT.
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Drawdown Indicators
| DDOG | FTNT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.11% | -51.20% | -16.91% |
Max Drawdown (1Y)Largest decline over 1 year | -48.62% | -24.52% | -24.10% |
Max Drawdown (3Y)Largest decline over 3 years | -48.62% | -35.07% | -13.55% |
Max Drawdown (5Y)Largest decline over 5 years | -68.11% | -38.32% | -29.79% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.32% | — |
Current DrawdownCurrent decline from peak | -3.43% | -2.93% | -0.50% |
Average DrawdownAverage peak-to-trough decline | -30.56% | -16.12% | -14.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.59% | 16.09% | +8.50% |
Volatility
DDOG vs. FTNT - Volatility Comparison
Datadog, Inc. (DDOG) and Fortinet, Inc. (FTNT) have volatilities of 11.38% and 11.57%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DDOG | FTNT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.38% | 11.57% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 49.33% | 32.98% | +16.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.93% | 45.60% | +19.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.56% | 44.22% | +14.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.77% | 40.85% | +18.92% |
Dividends
DDOG vs. FTNT - Dividend Comparison
Neither DDOG nor FTNT has paid dividends to shareholders.
Financials
DDOG vs. FTNT - Financials Comparison
This section allows you to compare key financial metrics between Datadog, Inc. and Fortinet, 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
DDOG vs. FTNT - Profitability Comparison
DDOG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Datadog, Inc. reported a gross profit of 797.20M and revenue of 1.01B. Therefore, the gross margin over that period was 79.2%.
FTNT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Fortinet, Inc. reported a gross profit of 1.64B and revenue of 2.05B. Therefore, the gross margin over that period was 80.2%.
DDOG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Datadog, Inc. reported an operating income of 7.33M and revenue of 1.01B, resulting in an operating margin of 0.7%.
FTNT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Fortinet, Inc. reported an operating income of 689.30M and revenue of 2.05B, resulting in an operating margin of 33.7%.
DDOG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Datadog, Inc. reported a net income of 52.57M and revenue of 1.01B, resulting in a net margin of 5.2%.
FTNT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Fortinet, Inc. reported a net income of 606.30M and revenue of 2.05B, resulting in a net margin of 29.6%.
Frequently Asked Questions
DDOG and FTNT have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FTNT has higher volatility (11.57%) compared to DDOG (11.38%). In terms of maximum drawdown, DDOG dropped -68.11% vs FTNT's -51.20%.
DDOG currently has the higher Sharpe Ratio (1.42 vs 1.37), 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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