GTLB vs. CYBR

Last updated Jun 3, 2026

GTLB (GitLab Inc.) and CYBR (CyberArk Software Ltd.) are both stocks. Both are in the Technology sector — GTLB in Software - Application, CYBR in Software - Infrastructure. A 0.51 correlation means they provide meaningful diversification when combined.

Performance

GTLB vs. CYBR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GitLab Inc. (GTLB) and CyberArk Software Ltd. (CYBR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GTLB

• 1D: -5.83%
• 1M: 32.31%
• YTD: -15.21%
• 6M: -26.63%
• 1Y: -30.14%
• 3Y*: -1.92%
• 5Y*: —
• 10Y*: —

CYBR

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GTLB vs. CYBR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
GTLB GitLab Inc.	-15.21%	-33.40%	-10.50%	38.56%	-47.77%	-16.26%
CYBR CyberArk Software Ltd.	-8.34%	33.89%	52.09%	68.95%	-25.18%	-4.58%

Correlation

The correlation between GTLB and CYBR is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (3Y) Calculated over the trailing 3-year period	0.39
Correlation (All Time) Calculated using the full available price history since Oct 15, 2021	0.51

Over the past year, the correlation between GTLB and CYBR has dropped to 0.25 - well below their long-term average of 0.51, suggesting their price drivers have been diverging.

Fundamentals

Market Cap GTLB : $5.41B CYBR : $20.69B
EPS GTLB : -$0.15 CYBR : -$2.92
PS Ratio GTLB : 5.29 CYBR : 15.13
PB Ratio GTLB : 5.49 CYBR : 8.61
Total Revenue (TTM) GTLB : $1.00B CYBR : $1.36B
Gross Profit (TTM) GTLB : $871.68M CYBR : $1.01B
EBITDA (TTM) GTLB : -$42.85M CYBR : $59.13M

Return for Risk

GTLB vs. CYBR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GTLB

GTLB Risk / Return Rank: 21
GTLB Sharpe Ratio Rank: 18
GTLB Sortino Ratio Rank: 20
GTLB Omega Ratio Rank: 21
GTLB Calmar Ratio Rank: 23
GTLB Martin Ratio Rank: 22

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GTLB vs. CYBR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GitLab Inc. (GTLB) and CyberArk Software Ltd. (CYBR). 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.

	GTLB	CYBR	Difference
Sharpe ratio Return per unit of total volatility	-0.51	—	—
Sortino ratio Return per unit of downside risk	-0.44	—	—
Omega ratio Gain probability vs. loss probability	0.95	—	—
Calmar ratio Return relative to maximum drawdown	-0.49	—	—
Martin ratio Return relative to average drawdown	-0.92	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	GTLB	CYBR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.51	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.30	—	—

Drawdowns

Drawdown Indicators

	GTLB	CYBR	Difference
Max Drawdown Largest peak-to-trough decline	-85.16%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-61.95%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-74.97%	—	—
Current Drawdown Current decline from peak	-75.69%	—	—
Average Drawdown Average peak-to-trough decline	-60.98%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	32.61%	—	—

Volatility

Volatility by Period

	GTLB	CYBR	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.32%	—	—
Volatility (6M) Calculated over the trailing 6-month period	46.72%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	58.93%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	74.64%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	74.64%	—	—

Dividends

GTLB vs. CYBR - Dividend Comparison

Neither GTLB nor CYBR has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

GTLB vs. CYBR - Profitability Comparison

The chart below illustrates the profitability comparison between GitLab Inc. and CyberArk Software Ltd. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

GTLB - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, GitLab Inc. reported a gross profit of 226.67M and revenue of 264.16M. Therefore, the gross margin over that period was 85.8%.

CYBR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, CyberArk Software Ltd. reported a gross profit of 267.25M and revenue of 372.65M. Therefore, the gross margin over that period was 71.7%.

GTLB - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, GitLab Inc. reported an operating income of -15.75M and revenue of 264.16M, resulting in an operating margin of -6.0%.

CYBR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, CyberArk Software Ltd. reported an operating income of 1.75M and revenue of 372.65M, resulting in an operating margin of 0.5%.

GTLB - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, GitLab Inc. reported a net income of -4.97M and revenue of 264.16M, resulting in a net margin of -1.9%.

CYBR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, CyberArk Software Ltd. reported a net income of -17.11M and revenue of 372.65M, resulting in a net margin of -4.6%.

Frequently Asked Questions

Can I hold both GTLB and CYBR in my portfolio?

GTLB and CYBR have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.