FTNT vs. GLDM
FTNT (Fortinet, Inc.) is a stock, while GLDM (SPDR Gold MiniShares Trust) is Gold fund tracking the LBMA Gold Price PM. Over the past 5 years, FTNT returned 24.36%/yr vs 17.31%/yr for GLDM. Their 0.06 correlation means their historical movements had little consistent relationship.
Performance
FTNT vs. GLDM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FTNT achieves a 103.94% return, which is significantly higher than GLDM's -6.13% 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%
GLDM
- 1D
- -1.46%
- 1M
- 0.28%
- 6M
- -16.53%
- YTD
- -6.13%
- 1Y
- 23.01%
- 3Y*
- 27.59%
- 5Y*
- 17.31%
- 10Y*
- —
- ALL TIME*
- 15.36%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
FTNT Fortinet, Inc. | $952.63M | $852.74M | $900.80M |
| $263.44M | $251.25M | $317.77M |
FTNT vs. GLDM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FTNT Fortinet, Inc. | 103.94% | -15.95% | 61.42% | 19.72% | -31.98% | 141.97% | 39.13% | 51.58% | 13.38% |
GLDM SPDR Gold MiniShares Trust | -6.13% | 64.20% | 27.08% | 13.04% | -0.47% | -4.01% | 25.10% | 18.10% | 1.75% |
Correlation
The correlation between FTNT and GLDM is 0.10, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.10 |
Correlation (3Y) Balances recent behavior with more history. | 0.04 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.06 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2018 | 0.06 |
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. GLDM — Risk / Return Rank
FTNT
GLDM
FTNT vs. GLDM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fortinet, Inc. (FTNT) and SPDR Gold MiniShares Trust (GLDM). 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 | GLDM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.54 | ||
| Sortino ratioReturn per unit of downside risk | +0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.17 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | 0.88 | +1.67 |
| Martin ratioReturn relative to average drawdown | 4.11 | 1.90 | +2.21 |
Loading charts...
Drawdowns
FTNT vs. GLDM - Drawdown Comparison
The maximum FTNT drawdown since its inception was -51.20%, which is greater than GLDM's maximum drawdown of -26.27%. Use the drawdown chart below to compare losses from any high point for FTNT and GLDM.
Loading charts...
Drawdown Indicators
| FTNT | GLDM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.20% | -26.27% | -24.93% |
Max Drawdown (1Y)Largest decline over 1 year | -24.52% | -26.27% | +1.75% |
Max Drawdown (3Y)Largest decline over 3 years | -35.07% | -26.27% | -8.80% |
Max Drawdown (5Y)Largest decline over 5 years | -38.32% | -26.27% | -12.05% |
Max Drawdown (10Y)Largest decline over 10 years | -38.32% | — | — |
Current DrawdownCurrent decline from peak | -2.93% | -24.94% | +22.01% |
Average DrawdownAverage peak-to-trough decline | -16.12% | -6.56% | -9.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.09% | 12.12% | +3.97% |
Volatility
FTNT vs. GLDM - Volatility Comparison
Fortinet, Inc. (FTNT) has a higher volatility of 11.57% compared to SPDR Gold MiniShares Trust (GLDM) at 6.35%. This indicates that FTNT's price experiences larger fluctuations and is considered to be riskier than GLDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FTNT | GLDM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.57% | 6.35% | +5.22% |
Volatility (6M)Calculated over the trailing 6-month period | 32.98% | 23.37% | +9.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.60% | 27.92% | +17.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.22% | 18.39% | +25.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.85% | 17.10% | +23.75% |
Dividends
FTNT vs. GLDM - Dividend Comparison
Neither FTNT nor GLDM has paid dividends to shareholders.
Frequently Asked Questions
FTNT and GLDM have a correlation of 0.10, 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 GLDM (6.35%). In terms of maximum drawdown, FTNT dropped -51.20% vs GLDM's -26.27%.
FTNT currently has the higher Sharpe Ratio (1.37 vs 0.83), 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 GLDM
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