FTNT vs. CLBT
FTNT (Fortinet, Inc.) and CLBT (Cellebrite DI Ltd.) are both stocks. Both operate in the Software - Infrastructure industry within the Technology sector. Over the past 3 years, FTNT returned 27.56%/yr vs 23.87%/yr for CLBT. Their 0.35 correlation means their historical movements had little consistent relationship.
Performance
FTNT vs. CLBT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FTNT achieves a 103.94% return, which is significantly higher than CLBT's -18.19% return.
FTNT
- 1D
- 4.99%
- 1M
- 1.87%
- 6M
- 99.30%
- YTD
- 103.94%
- 1Y
- 62.11%
- 3Y*
- 27.56%
- 5Y*
- 24.36%
- 10Y*
- 37.30%
- ALL TIME*
- 31.37%
CLBT
- 1D
- 1.24%
- 1M
- -4.53%
- 6M
- 0.27%
- YTD
- -18.19%
- 1Y
- 5.51%
- 3Y*
- 23.87%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.22%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $16.88M | $22.74M | $28.71M | |
FTNT Fortinet, Inc. | $952.63M | $852.74M | $900.80M |
FTNT vs. CLBT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FTNT Fortinet, Inc. | 103.94% | -15.95% | 61.42% | 19.72% | -31.98% | 12.53% |
CLBT Cellebrite DI Ltd. | -18.19% | -18.16% | 154.39% | 98.62% | -45.64% | -23.40% |
Correlation
The correlation between FTNT and CLBT is 0.45, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.45 |
Correlation (3Y) Balances recent behavior with more history. | 0.38 |
Correlation (All Time) Calculated using the full available price history since Aug 31, 2021 | 0.35 |
The correlation between FTNT and CLBT shifts across timeframes, from 0.35 (all time) to 0.45 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
FTNT:
$118.65B
CLBT:
$3.68B
FTNT:
$2.83
CLBT:
$0.29
FTNT:
57.32
CLBT:
51.54
FTNT:
1.59
CLBT:
0.10
FTNT:
16.15
CLBT:
7.46
FTNT:
77.40
CLBT:
7.28
FTNT:
$7.53B
CLBT:
$496.43M
FTNT:
$6.05B
CLBT:
$416.33M
FTNT:
$2.70B
CLBT:
$84.98M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FTNT vs. CLBT — Risk / Return Rank
FTNT
CLBT
FTNT vs. CLBT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fortinet, Inc. (FTNT) and Cellebrite DI Ltd. (CLBT). 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.
| FTNT | CLBT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.27 | ||
| Sortino ratioReturn per unit of downside risk | +1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.07 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | 0.13 | +2.42 |
| Martin ratioReturn relative to average drawdown | 4.11 | 0.25 | +3.86 |
Loading charts...
Drawdowns
FTNT vs. CLBT - Drawdown Comparison
The maximum FTNT drawdown since its inception was -51.20%, smaller than the maximum CLBT drawdown of -67.74%. Use the drawdown chart below to compare losses from any high point for FTNT and CLBT.
Loading charts...
Drawdown Indicators
| FTNT | CLBT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.20% | -67.74% | +16.54% |
Max Drawdown (1Y)Largest decline over 1 year | -24.52% | -43.61% | +19.09% |
Max Drawdown (3Y)Largest decline over 3 years | -35.07% | -57.58% | +22.51% |
Max Drawdown (5Y)Largest decline over 5 years | -38.32% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -38.32% | — | — |
Current DrawdownCurrent decline from peak | -2.93% | -43.27% | +40.34% |
Average DrawdownAverage peak-to-trough decline | -16.12% | -34.78% | +18.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.09% | 21.74% | -5.65% |
Volatility
FTNT vs. CLBT - Volatility Comparison
Fortinet, Inc. (FTNT) and Cellebrite DI Ltd. (CLBT) have volatilities of 11.57% and 11.04%, 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.
Loading charts...
Volatility by Period
| FTNT | CLBT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.57% | 11.04% | +0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 32.98% | 41.53% | -8.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.60% | 53.38% | -7.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.22% | 50.19% | -5.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.85% | 50.19% | -9.34% |
Dividends
FTNT vs. CLBT - Dividend Comparison
Neither FTNT nor CLBT has paid dividends to shareholders.
Financials
FTNT vs. CLBT - Financials Comparison
This section allows you to compare key financial metrics between Fortinet, Inc. and Cellebrite DI Ltd.. 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
FTNT vs. CLBT - Profitability Comparison
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%.
CLBT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Cellebrite DI Ltd. reported a gross profit of 105.88M and revenue of 128.30M. Therefore, the gross margin over that period was 82.5%.
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%.
CLBT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Cellebrite DI Ltd. reported an operating income of 9.23M and revenue of 128.30M, resulting in an operating margin of 7.2%.
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%.
CLBT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Cellebrite DI Ltd. reported a net income of 10.94M and revenue of 128.30M, resulting in a net margin of 8.5%.
Frequently Asked Questions
FTNT and CLBT have a correlation of 0.45, 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 CLBT (11.04%). In terms of maximum drawdown, FTNT dropped -51.20% vs CLBT's -67.74%.
FTNT currently has the higher Sharpe Ratio (1.37 vs 0.10), 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.
Find the right allocation for FTNT and CLBT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer