FTNT vs. TVK.TO
FTNT (Fortinet, Inc.) and TVK.TO (TerraVest Industries Inc.) are both stocks. FTNT operates in Software - Infrastructure (Technology), while TVK.TO operates in Oil & Gas Equipment & Services (Energy). Over the past 10 years, FTNT returned 36.02%/yr vs 36.13%/yr for TVK.TO. At a 0.10 correlation, their price movements are largely independent.
Performance
FTNT vs. TVK.TO - Performance Comparison
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Different Trading Currencies
FTNT is traded in USD, while TVK.TO is traded in CAD. To make them comparable, the TVK.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, FTNT achieves a 84.23% return, which is significantly higher than TVK.TO's -29.48% return. Both investments have delivered pretty close results over the past 10 years, with FTNT having a 36.02% annualized return and TVK.TO not far ahead at 36.13%.
FTNT
- 1D
- 0.85%
- 1M
- 24.31%
- YTD
- 84.23%
- 6M
- 77.94%
- 1Y
- 43.91%
- 3Y*
- 27.56%
- 5Y*
- 26.15%
- 10Y*
- 36.02%
TVK.TO
- 1D
- -0.96%
- 1M
- -7.24%
- YTD
- -29.48%
- 6M
- -23.82%
- 1Y
- -30.81%
- 3Y*
- 62.35%
- 5Y*
- 43.32%
- 10Y*
- 36.13%
FTNT vs. TVK.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FTNT Fortinet, Inc. | 84.23% | -15.95% | 61.42% | 19.72% | -31.98% | 141.97% | 39.13% | 51.58% | 61.20% | 45.05% |
TVK.TO TerraVest Industries Inc. | -29.48% | 54.92% | 134.73% | 66.85% | -3.94% | 75.36% | 29.39% | 37.67% | 4.26% | 17.51% |
Correlation
The correlation between FTNT and TVK.TO is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2012 | 0.10 |
Fundamentals
FTNT:
$108.67B
TVK.TO:
CA$2.62B
FTNT:
$2.58
TVK.TO:
CA$3.35
FTNT:
56.81
TVK.TO:
35.33
FTNT:
1.58
TVK.TO:
1.60
FTNT:
15.62
TVK.TO:
1.54
FTNT:
109.80
TVK.TO:
3.46
FTNT:
$7.11B
TVK.TO:
CA$1.68B
FTNT:
$5.74B
TVK.TO:
CA$381.90M
FTNT:
$2.47B
TVK.TO:
CA$331.92M
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Return for Risk
FTNT vs. TVK.TO — Risk / Return Rank
FTNT
TVK.TO
FTNT vs. TVK.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fortinet, Inc. (FTNT) and TerraVest Industries Inc. (TVK.TO). 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 | TVK.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.53 | ||
| Sortino ratioReturn per unit of downside risk | +1.94 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 0.93 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | -0.82 | +2.24 |
| Martin ratioReturn relative to average drawdown | 2.09 | -1.63 | +3.72 |
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Drawdowns
FTNT vs. TVK.TO - Drawdown Comparison
The maximum FTNT drawdown since its inception was -51.20%, which is greater than TVK.TO's maximum drawdown of -45.95%. Use the drawdown chart below to compare losses from any high point for FTNT and TVK.TO.
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Drawdown Indicators
| FTNT | TVK.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.20% | -45.95% | -5.25% |
Max Drawdown (1Y)Largest decline over 1 year | -30.90% | -37.93% | +7.03% |
Max Drawdown (3Y)Largest decline over 3 years | -38.32% | -37.93% | -0.39% |
Max Drawdown (5Y)Largest decline over 5 years | -38.32% | -37.93% | -0.39% |
Max Drawdown (10Y)Largest decline over 10 years | -38.32% | -45.95% | +7.63% |
Current DrawdownCurrent decline from peak | -2.25% | -32.64% | +30.39% |
Average DrawdownAverage peak-to-trough decline | -16.22% | -8.40% | -7.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.07% | 18.98% | +2.09% |
Volatility
FTNT vs. TVK.TO - Volatility Comparison
The current volatility for Fortinet, Inc. (FTNT) is 13.35%, while TerraVest Industries Inc. (TVK.TO) has a volatility of 42.63%. This indicates that FTNT experiences smaller price fluctuations and is considered to be less risky than TVK.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FTNT | TVK.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.35% | 42.63% | -29.28% |
Volatility (6M)Calculated over the trailing 6-month period | 31.79% | 54.85% | -23.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.18% | 56.11% | -10.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.94% | 41.16% | +2.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.88% | 36.65% | +4.23% |
Dividends
FTNT vs. TVK.TO - Dividend Comparison
FTNT has not paid dividends to shareholders, while TVK.TO's dividend yield for the trailing twelve months is around 0.63%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTNT Fortinet, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TVK.TO TerraVest Industries Inc. | 0.63% | 0.44% | 0.56% | 1.19% | 1.54% | 1.46% | 2.50% | 3.08% | 3.94% | 4.28% | 4.49% | 7.04% |
Financials
FTNT vs. TVK.TO - Financials Comparison
This section allows you to compare key financial metrics between Fortinet, Inc. and TerraVest Industries 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. TVK.TO - Profitability Comparison
FTNT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Fortinet, Inc. reported a gross profit of 1.49B and revenue of 1.85B. Therefore, the gross margin over that period was 80.3%.
TVK.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, TerraVest Industries Inc. reported a gross profit of 90.64M and revenue of 442.57M. Therefore, the gross margin over that period was 20.5%.
FTNT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Fortinet, Inc. reported an operating income of 580.00M and revenue of 1.85B, resulting in an operating margin of 31.4%.
TVK.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, TerraVest Industries Inc. reported an operating income of 34.19M and revenue of 442.57M, resulting in an operating margin of 7.7%.
FTNT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Fortinet, Inc. reported a net income of 534.50M and revenue of 1.85B, resulting in a net margin of 28.9%.
TVK.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, TerraVest Industries Inc. reported a net income of 10.04M and revenue of 442.57M, resulting in a net margin of 2.3%.
Frequently Asked Questions
FTNT and TVK.TO have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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