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GTLB vs. GOOG
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

GTLB vs. GOOG

Last updated May 6, 2025

Compare and contrast key facts about GitLab Inc. (GTLB) and Alphabet Inc. (GOOG).

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GTLB or GOOG.

Correlation

The correlation between GTLB and GOOG is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

-0.50.00.51.0
Correlation: 0.7

Performance

GTLB vs. GOOG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GitLab Inc. (GTLB) and Alphabet Inc. (GOOG). The values are adjusted to include any dividend payments, if applicable.
-60.00%-40.00%-20.00%0.00%20.00%40.00%December2025FebruaryMarchAprilMay
-56.22%
17.98%
GTLB
GOOG

Key characteristics

Sharpe Ratio

GTLB:

-0.25

GOOG:

0.03

Sortino Ratio

GTLB:

0.04

GOOG:

0.24

Omega Ratio

GTLB:

1.00

GOOG:

1.03

Calmar Ratio

GTLB:

-0.21

GOOG:

0.03

Martin Ratio

GTLB:

-0.78

GOOG:

0.06

Ulcer Index

GTLB:

18.88%

GOOG:

12.98%

Daily Std Dev

GTLB:

59.96%

GOOG:

29.74%

Max Drawdown

GTLB:

-79.55%

GOOG:

-44.60%

Current Drawdown

GTLB:

-65.25%

GOOG:

-19.97%

Fundamentals

Market Cap

GTLB:

$7.68B

GOOG:

$2.00T

EPS

GTLB:

-$0.04

GOOG:

$8.95

PS Ratio

GTLB:

10.12

GOOG:

5.56

PB Ratio

GTLB:

9.84

GOOG:

5.83

Total Revenue (TTM)

GTLB:

$590.06M

GOOG:

$359.71B

Gross Profit (TTM)

GTLB:

$523.70M

GOOG:

$210.76B

EBITDA (TTM)

GTLB:

-$78.92M

GOOG:

$149.88B

Returns By Period

In the year-to-date period, GTLB achieves a -19.29% return, which is significantly lower than GOOG's -12.71% return.

GTLB

YTD

-19.29%

1M

10.68%

6M

-18.77%

1Y

-16.61%

5Y*

N/A

10Y*

N/A

GOOG

YTD

-12.71%

1M

12.39%

6M

-2.49%

1Y

-1.27%

5Y*

19.97%

10Y*

20.08%

*Annualized

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Risk-Adjusted Performance

GTLB vs. GOOG — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GTLB
The Risk-Adjusted Performance Rank of GTLB is 3636
Overall Rank
The Sharpe Ratio Rank of GTLB is 3737
Sharpe Ratio Rank
The Sortino Ratio Rank of GTLB is 3737
Sortino Ratio Rank
The Omega Ratio Rank of GTLB is 3737
Omega Ratio Rank
The Calmar Ratio Rank of GTLB is 3737
Calmar Ratio Rank
The Martin Ratio Rank of GTLB is 3434
Martin Ratio Rank
GOOG
The Risk-Adjusted Performance Rank of GOOG is 4747
Overall Rank
The Sharpe Ratio Rank of GOOG is 5151
Sharpe Ratio Rank
The Sortino Ratio Rank of GOOG is 4343
Sortino Ratio Rank
The Omega Ratio Rank of GOOG is 4242
Omega Ratio Rank
The Calmar Ratio Rank of GOOG is 5151
Calmar Ratio Rank
The Martin Ratio Rank of GOOG is 5050
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

GTLB vs. GOOG - Risk-Adjusted Performance 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.

The chart of Sharpe ratio for GTLB, currently valued at -0.25, compared to the broader market-2.00-1.000.001.002.003.00
GTLB: -0.25
GOOG: 0.03
The chart of Sortino ratio for GTLB, currently valued at 0.04, compared to the broader market-6.00-4.00-2.000.002.004.00
GTLB: 0.04
GOOG: 0.24
The chart of Omega ratio for GTLB, currently valued at 1.00, compared to the broader market0.501.001.502.00
GTLB: 1.00
GOOG: 1.03
The chart of Calmar ratio for GTLB, currently valued at -0.21, compared to the broader market0.001.002.003.004.005.00
GTLB: -0.21
GOOG: 0.03
The chart of Martin ratio for GTLB, currently valued at -0.78, compared to the broader market-40.00-30.00-20.00-10.000.0010.0020.00
GTLB: -0.78
GOOG: 0.06

The current GTLB Sharpe Ratio is -0.25, which is lower than the GOOG Sharpe Ratio of 0.03. The chart below compares the historical Sharpe Ratios of GTLB and GOOG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio-0.500.000.501.001.50December2025FebruaryMarchAprilMay
-0.25
0.03
GTLB
GOOG

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 0.48%.

TTM2024
GTLB
GitLab Inc.		0.00%0.00%
GOOG
Alphabet Inc.		0.48%0.32%

Drawdowns

GTLB vs. GOOG - Drawdown Comparison

The maximum GTLB drawdown since its inception was -79.55%, 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. For additional features, visit the drawdowns tool.

-70.00%-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%0.00%December2025FebruaryMarchAprilMay
-65.25%
-19.97%
GTLB
GOOG

Volatility

GTLB vs. GOOG - Volatility Comparison

GitLab Inc. (GTLB) has a higher volatility of 20.77% compared to Alphabet Inc. (GOOG) at 13.07%. 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.

5.00%10.00%15.00%20.00%25.00%December2025FebruaryMarchAprilMay
20.77%
13.07%
GTLB
GOOG

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.

Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities

0.0020.00B40.00B60.00B80.00B100.00BJulyOctober2021AprilJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober2025
211.43M
90.23B
(GTLB) Total Revenue
(GOOG) Total Revenue
Values in USD except per share items

GTLB vs. GOOG - Profitability Comparison

The chart below illustrates the profitability comparison between GitLab Inc. and Alphabet Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.
Gross Margin
Operating Margin
Net Margin
Quarterly
Annual
50.0%60.0%70.0%80.0%90.0%JulyOctober2021AprilJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober2025
89.2%
59.7%
(GTLB) Gross Margin
(GOOG) Gross Margin
GTLB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, GitLab Inc. reported a gross profit of 188.56M and revenue of 211.43M. Therefore, the gross margin over that period was 89.2%.
GOOG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Alphabet Inc. reported a gross profit of 53.87B and revenue of 90.23B. Therefore, the gross margin over that period was 59.7%.
GTLB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, GitLab Inc. reported an operating income of -19.34M and revenue of 211.43M, resulting in an operating margin of -9.2%.
GOOG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Alphabet Inc. reported an operating income of 30.61B and revenue of 90.23B, resulting in an operating margin of 33.9%.
GTLB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, GitLab Inc. reported a net income of 5.80M and revenue of 211.43M, resulting in a net margin of 2.8%.
GOOG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Alphabet Inc. reported a net income of 34.54B and revenue of 90.23B, resulting in a net margin of 38.3%.