GTLB vs. GOOG
GTLB (GitLab Inc.) and GOOG (Alphabet Inc) are both stocks. GTLB operates in Software - Application (Technology), while GOOG operates in Internet Content & Information (Communication Services). Over the past 3 years, GTLB returned -10.72%/yr vs 39.73%/yr for GOOG. Their 0.36 correlation means their historical movements had little consistent relationship.
Performance
GTLB vs. GOOG - Performance Comparison
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Returns By Period
In the year-to-date period, GTLB achieves a -8.05% return, which is significantly lower than GOOG's 13.80% return.
GTLB
- 1D
- 2.34%
- 1M
- 7.61%
- 6M
- -1.34%
- YTD
- -8.05%
- 1Y
- -17.48%
- 3Y*
- -10.72%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -18.91%
GOOG
- 1D
- 6.88%
- 1M
- 0.13%
- 6M
- 5.49%
- YTD
- 13.80%
- 1Y
- 88.30%
- 3Y*
- 39.73%
- 5Y*
- 21.62%
- 10Y*
- 25.03%
- ALL TIME*
- 22.84%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
GOOG Alphabet Inc | $7.78B | $6.87B | $7.98B |
GTLB GitLab Inc. | $126.56M | $133.42M | $163.97M |
GTLB vs. GOOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GTLB GitLab Inc. | -8.05% | -33.40% | -10.50% | 38.56% | -47.77% | -7.69% |
GOOG Alphabet Inc | 13.80% | 65.42% | 35.62% | 58.83% | -38.67% | 4.92% |
Correlation
The correlation between GTLB and GOOG is 0.16, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.16 |
Correlation (3Y) Balances recent behavior with more history. | 0.24 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2021 | 0.36 |
Over the past year, the correlation between GTLB and GOOG has dropped to 0.16 - well below their long-term average of 0.36, suggesting their price drivers have been diverging.
Fundamentals
GTLB:
$5.83B
GOOG:
$4.32T
GTLB:
-$0.15
GOOG:
$19.94
GTLB:
5.74
GOOG:
9.79
GTLB:
5.95
GOOG:
7.05
GTLB:
$1.00B
GOOG:
$445.93B
GTLB:
$871.68M
GOOG:
$271.59B
GTLB:
-$42.85M
GOOG:
$325.74B
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Return for Risk
GTLB vs. GOOG — Risk / Return Rank
GTLB
GOOG
GTLB vs. GOOG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GitLab Inc. (GTLB) and Alphabet Inc (GOOG). 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.
| GTLB | GOOG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.07 | ||
| Sortino ratioReturn per unit of downside risk | -3.90 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.46 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.34 | 4.14 | -4.48 |
| Martin ratioReturn relative to average drawdown | -0.59 | 11.53 | -12.12 |
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Drawdowns
GTLB vs. GOOG - Drawdown Comparison
The maximum GTLB drawdown since its inception was -85.16%, which is greater than GOOG's maximum drawdown of -44.60%. Use the drawdown chart below to compare losses from any high point for GTLB and GOOG.
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Drawdown Indicators
| GTLB | GOOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.16% | -44.60% | -40.56% |
Max Drawdown (1Y)Largest decline over 1 year | -61.95% | -20.75% | -41.20% |
Max Drawdown (3Y)Largest decline over 3 years | -74.97% | -29.35% | -45.62% |
Max Drawdown (5Y)Largest decline over 5 years | — | -44.60% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.60% | — |
Current DrawdownCurrent decline from peak | -73.63% | -10.57% | -63.06% |
Average DrawdownAverage peak-to-trough decline | -61.45% | -8.93% | -52.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.03% | 7.44% | +28.59% |
Volatility
GTLB vs. GOOG - Volatility Comparison
GitLab Inc. (GTLB) has a higher volatility of 15.33% compared to Alphabet Inc (GOOG) at 13.08%. This indicates that GTLB's price experiences larger fluctuations and is considered to be riskier than GOOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GTLB | GOOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.33% | 13.08% | +2.25% |
Volatility (6M)Calculated over the trailing 6-month period | 45.38% | 24.59% | +20.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.64% | 31.77% | +27.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.08% | 31.80% | +42.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 74.08% | 29.34% | +44.74% |
Dividends
GTLB vs. GOOG - Dividend Comparison
GTLB has not paid dividends to shareholders, while GOOG's dividend yield for the trailing twelve months is around 0.24%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GOOG Alphabet Inc | 0.24% | 0.26% | 0.32% |
GTLB GitLab Inc. | 0.00% | 0.00% | 0.00% |
Financials
GTLB vs. GOOG - Financials Comparison
This section allows you to compare key financial metrics between GitLab Inc. and Alphabet 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
GTLB vs. GOOG - Profitability Comparison
GTLB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 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%.
GOOG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Alphabet Inc reported a gross profit of 73.85B and revenue of 119.80B. Therefore, the gross margin over that period was 61.7%.
GTLB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, GitLab Inc. reported an operating income of -15.75M and revenue of 264.16M, resulting in an operating margin of -6.0%.
GOOG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Alphabet Inc reported an operating income of 40.77B and revenue of 119.80B, resulting in an operating margin of 34.0%.
GTLB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, GitLab Inc. reported a net income of -4.97M and revenue of 264.16M, resulting in a net margin of -1.9%.
GOOG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Alphabet Inc reported a net income of 112.19B and revenue of 119.80B, resulting in a net margin of 93.7%.
Frequently Asked Questions
GTLB and GOOG have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GTLB has higher volatility (15.33%) compared to GOOG (13.08%). In terms of maximum drawdown, GTLB dropped -85.16% vs GOOG's -44.60%.
GOOG currently has the higher Sharpe Ratio (2.71 vs -0.36), 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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