FORTY vs. NTES
Compare and contrast key facts about Formula Systems (1985) Ltd. (FORTY) and NetEase, Inc. (NTES).
Performance
FORTY vs. NTES - Performance Comparison
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FORTY vs. NTES - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FORTY Formula Systems (1985) Ltd. | -33.97% | 91.50% | 38.51% | -7.03% | -41.93% | 46.89% | 26.00% | 93.93% | -10.73% | 2.72% |
NTES NetEase, Inc. | -17.85% | 58.28% | -1.73% | 30.59% | -27.35% | 7.11% | 57.88% | 34.66% | -31.31% | 62.21% |
Fundamentals
FORTY:
$1.75B
NTES:
$72.27B
FORTY:
$38.61
NTES:
$52.26
FORTY:
2.86
NTES:
2.14
FORTY:
0.02
NTES:
0.10
FORTY:
0.60
NTES:
0.64
FORTY:
1.28
NTES:
0.45
FORTY:
$2.91B
NTES:
$112.25B
FORTY:
$642.90M
NTES:
$72.16B
FORTY:
$236.95M
NTES:
$37.96B
Returns By Period
In the year-to-date period, FORTY achieves a -33.97% return, which is significantly lower than NTES's -17.85% return. Over the past 10 years, FORTY has underperformed NTES with an annualized return of 15.39%, while NTES has yielded a comparatively higher 16.70% annualized return.
FORTY
- 1D
- -2.15%
- 1M
- -4.79%
- YTD
- -33.97%
- 6M
- -20.88%
- 1Y
- 25.81%
- 3Y*
- 20.70%
- 5Y*
- 5.83%
- 10Y*
- 15.39%
NTES
- 1D
- 1.74%
- 1M
- -1.66%
- YTD
- -17.85%
- 6M
- -25.31%
- 1Y
- 11.37%
- 3Y*
- 10.95%
- 5Y*
- 3.12%
- 10Y*
- 16.70%
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Return for Risk
FORTY vs. NTES — Risk / Return Rank
FORTY
NTES
FORTY vs. NTES - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Formula Systems (1985) Ltd. (FORTY) and NetEase, Inc. (NTES). 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.
| FORTY | NTES | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.48 | 0.34 | +0.14 |
Sortino ratioReturn per unit of downside risk | 0.98 | 0.77 | +0.20 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.09 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 0.62 | 0.45 | +0.16 |
Martin ratioReturn relative to average drawdown | 1.72 | 1.07 | +0.65 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FORTY | NTES | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.48 | 0.34 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 0.07 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.34 | 0.40 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.42 | -0.26 |
Correlation
The correlation between FORTY and NTES is 0.12, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FORTY vs. NTES - Dividend Comparison
FORTY's dividend yield for the trailing twelve months is around 2.17%, less than NTES's 2.66% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FORTY Formula Systems (1985) Ltd. | 2.17% | 1.43% | 1.42% | 0.95% | 2.00% | 1.02% | 0.61% | 1.22% | 1.61% | 0.58% | 2.04% | 2.34% |
NTES NetEase, Inc. | 2.66% | 2.21% | 2.74% | 1.88% | 2.10% | 0.80% | 0.97% | 3.19% | 0.71% | 1.05% | 1.36% | 0.98% |
Drawdowns
FORTY vs. NTES - Drawdown Comparison
The maximum FORTY drawdown since its inception was -92.82%, roughly equal to the maximum NTES drawdown of -96.41%. Use the drawdown chart below to compare losses from any high point for FORTY and NTES.
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Drawdown Indicators
| FORTY | NTES | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.82% | -96.41% | +3.59% |
Max Drawdown (1Y)Largest decline over 1 year | -41.95% | -30.46% | -11.49% |
Max Drawdown (5Y)Largest decline over 5 years | -54.40% | -52.57% | -1.83% |
Max Drawdown (10Y)Largest decline over 10 years | -54.40% | -57.34% | +2.94% |
Current DrawdownCurrent decline from peak | -41.95% | -28.76% | -13.19% |
Average DrawdownAverage peak-to-trough decline | -48.18% | -24.58% | -23.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.00% | 12.94% | +2.06% |
Volatility
FORTY vs. NTES - Volatility Comparison
Formula Systems (1985) Ltd. (FORTY) has a higher volatility of 17.01% compared to NetEase, Inc. (NTES) at 7.62%. This indicates that FORTY's price experiences larger fluctuations and is considered to be riskier than NTES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FORTY | NTES | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.01% | 7.62% | +9.39% |
Volatility (6M)Calculated over the trailing 6-month period | 40.62% | 21.23% | +19.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.06% | 33.78% | +20.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.96% | 43.85% | -0.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.63% | 41.91% | +3.72% |
Financials
FORTY vs. NTES - Financials Comparison
This section allows you to compare key financial metrics between Formula Systems (1985) Ltd. and NetEase, 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
FORTY vs. NTES - Profitability Comparison
FORTY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Formula Systems (1985) Ltd. reported a gross profit of 140.99M and revenue of 712.80M. Therefore, the gross margin over that period was 19.8%.
NTES - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, NetEase, Inc. reported a gross profit of 17.45B and revenue of 27.17B. Therefore, the gross margin over that period was 64.2%.
FORTY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Formula Systems (1985) Ltd. reported an operating income of 32.57M and revenue of 712.80M, resulting in an operating margin of 4.6%.
NTES - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, NetEase, Inc. reported an operating income of 8.20B and revenue of 27.17B, resulting in an operating margin of 30.2%.
FORTY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Formula Systems (1985) Ltd. reported a net income of 558.25M and revenue of 712.80M, resulting in a net margin of 78.3%.
NTES - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, NetEase, Inc. reported a net income of 6.16B and revenue of 27.17B, resulting in a net margin of 22.7%.