FTNT vs. OKTA
FTNT (Fortinet, Inc.) and OKTA (Okta, Inc.) are both stocks. Both operate in the Software - Infrastructure industry within the Technology sector. Over the past 5 years, FTNT returned 24.36%/yr vs -10.55%/yr for OKTA. Their 0.55 correlation means they have sometimes moved together and sometimes differently.
Performance
FTNT vs. OKTA - Performance Comparison
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Returns By Period
In the year-to-date period, FTNT achieves a 103.94% return, which is significantly higher than OKTA's 64.14% return.
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%
OKTA
- 1D
- 1.08%
- 1M
- 0.36%
- 6M
- 68.00%
- YTD
- 64.14%
- 1Y
- 49.20%
- 3Y*
- 23.04%
- 5Y*
- -10.55%
- 10Y*
- —
- ALL TIME*
- 21.16%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
FTNT Fortinet, Inc. | $952.63M | $852.74M | $900.80M |
OKTA Okta, Inc. | $370.04M | $412.72M | $441.76M |
FTNT vs. OKTA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FTNT Fortinet, Inc. | 103.94% | -15.95% | 61.42% | 19.72% | -31.98% | 141.97% | 39.13% | 51.58% | 61.20% | 17.35% |
OKTA Okta, Inc. | 64.14% | 9.73% | -12.96% | 32.49% | -69.52% | -11.83% | 120.39% | 80.83% | 149.12% | 7.83% |
Correlation
The correlation between FTNT and OKTA is 0.60, 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. | 0.60 |
Correlation (3Y) Balances recent behavior with more history. | 0.53 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.55 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2017 | 0.55 |
The correlation between FTNT and OKTA has been stable across timeframes, ranging from 0.53 to 0.60 - a consistent structural relationship.
Fundamentals
FTNT:
$118.65B
OKTA:
$23.58B
FTNT:
$2.83
OKTA:
$0.97
FTNT:
57.32
OKTA:
146.94
FTNT:
1.59
OKTA:
0.21
FTNT:
16.15
OKTA:
11.40
FTNT:
77.40
OKTA:
3.66K
FTNT:
$7.53B
OKTA:
$2.23B
FTNT:
$6.05B
OKTA:
$1.73B
FTNT:
$2.70B
OKTA:
$235.06M
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Return for Risk
FTNT vs. OKTA — Risk / Return Rank
FTNT
OKTA
FTNT vs. OKTA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fortinet, Inc. (FTNT) and Okta, Inc. (OKTA). 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 | OKTA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.57 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.20 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | 1.27 | +1.27 |
| Martin ratioReturn relative to average drawdown | 4.11 | 3.22 | +0.89 |
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Drawdowns
FTNT vs. OKTA - Drawdown Comparison
The maximum FTNT drawdown since its inception was -51.20%, smaller than the maximum OKTA drawdown of -84.57%. Use the drawdown chart below to compare losses from any high point for FTNT and OKTA.
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Drawdown Indicators
| FTNT | OKTA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.20% | -84.57% | +33.37% |
Max Drawdown (1Y)Largest decline over 1 year | -24.52% | -35.62% | +11.10% |
Max Drawdown (3Y)Largest decline over 3 years | -35.07% | -50.57% | +15.50% |
Max Drawdown (5Y)Largest decline over 5 years | -38.32% | -83.43% | +45.11% |
Max Drawdown (10Y)Largest decline over 10 years | -38.32% | — | — |
Current DrawdownCurrent decline from peak | -2.93% | -51.36% | +48.43% |
Average DrawdownAverage peak-to-trough decline | -16.12% | -38.48% | +22.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.09% | 14.07% | +2.02% |
Volatility
FTNT vs. OKTA - Volatility Comparison
The current volatility for Fortinet, Inc. (FTNT) is 11.57%, while Okta, Inc. (OKTA) has a volatility of 15.99%. This indicates that FTNT experiences smaller price fluctuations and is considered to be less risky than OKTA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FTNT | OKTA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.57% | 15.99% | -4.42% |
Volatility (6M)Calculated over the trailing 6-month period | 32.98% | 50.01% | -17.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.60% | 56.94% | -11.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.22% | 57.96% | -13.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.85% | 53.96% | -13.11% |
Dividends
FTNT vs. OKTA - Dividend Comparison
Neither FTNT nor OKTA has paid dividends to shareholders.
Financials
FTNT vs. OKTA - Financials Comparison
This section allows you to compare key financial metrics between Fortinet, Inc. and Okta, 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
FTNT vs. OKTA - 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%.
OKTA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Okta, Inc. reported a gross profit of 595.00K and revenue of 765.00K. Therefore, the gross margin over that period was 77.8%.
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%.
OKTA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Okta, Inc. reported an operating income of 56.00K and revenue of 765.00K, resulting in an operating margin of 7.3%.
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%.
OKTA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Okta, Inc. reported a net income of 74.00K and revenue of 765.00K, resulting in a net margin of 9.7%.
Frequently Asked Questions
FTNT and OKTA have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OKTA has higher volatility (15.99%) compared to FTNT (11.57%). In terms of maximum drawdown, FTNT dropped -51.20% vs OKTA's -84.57%.
FTNT currently has the higher Sharpe Ratio (1.37 vs 0.80), 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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