GTLB vs. OPRA
GTLB (GitLab Inc.) and OPRA (Opera Limited) are both stocks. GTLB operates in Software - Application (Technology), while OPRA operates in Internet Content & Information (Communication Services). Over the past 3 years, GTLB returned -19.03%/yr vs 7.87%/yr for OPRA. At a 0.35 correlation, their price movements are largely independent.
Performance
GTLB vs. OPRA - Performance Comparison
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Returns By Period
In the year-to-date period, GTLB achieves a -31.18% return, which is significantly lower than OPRA's 35.19% return.
GTLB
- 1D
- -2.75%
- 1M
- -3.37%
- YTD
- -31.18%
- 6M
- -32.70%
- 1Y
- -36.63%
- 3Y*
- -19.03%
- 5Y*
- —
- 10Y*
- —
OPRA
- 1D
- 0.54%
- 1M
- 6.83%
- YTD
- 35.19%
- 6M
- 29.87%
- 1Y
- 8.39%
- 3Y*
- 7.87%
- 5Y*
- 18.94%
- 10Y*
- —
GTLB vs. OPRA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GTLB GitLab Inc. | -31.18% | -33.40% | -10.50% | 38.56% | -47.77% | -7.69% |
OPRA Opera Limited | 35.19% | -22.08% | 52.02% | 140.60% | -10.91% | -21.12% |
Correlation
The correlation between GTLB and OPRA is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2021 | 0.35 |
Fundamentals
GTLB:
$4.39B
OPRA:
$1.70B
GTLB:
-$0.15
OPRA:
$1.26
GTLB:
4.29
OPRA:
2.61
GTLB:
4.46
OPRA:
1.72
GTLB:
$1.00B
OPRA:
$647.66M
GTLB:
$871.68M
OPRA:
$378.92M
GTLB:
-$42.85M
OPRA:
$154.47M
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Return for Risk
GTLB vs. OPRA — Risk / Return Rank
GTLB
OPRA
GTLB vs. OPRA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GitLab Inc. (GTLB) and Opera Limited (OPRA). 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 | OPRA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.79 | ||
| Sortino ratioReturn per unit of downside risk | -1.37 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.08 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.59 | 0.20 | -0.80 |
| Martin ratioReturn relative to average drawdown | -1.08 | 0.36 | -1.44 |
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Drawdowns
GTLB vs. OPRA - Drawdown Comparison
The maximum GTLB drawdown since its inception was -85.16%, which is greater than OPRA's maximum drawdown of -72.85%. Use the drawdown chart below to compare losses from any high point for GTLB and OPRA.
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Drawdown Indicators
| GTLB | OPRA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.16% | -72.85% | -12.31% |
Max Drawdown (1Y)Largest decline over 1 year | -61.95% | -41.28% | -20.67% |
Max Drawdown (3Y)Largest decline over 3 years | -74.97% | -61.68% | -13.29% |
Max Drawdown (5Y)Largest decline over 5 years | — | -62.86% | — |
Current DrawdownCurrent decline from peak | -80.26% | -23.87% | -56.39% |
Average DrawdownAverage peak-to-trough decline | -61.11% | -41.04% | -20.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.90% | 23.43% | +10.47% |
Volatility
GTLB vs. OPRA - Volatility Comparison
GitLab Inc. (GTLB) has a higher volatility of 19.93% compared to Opera Limited (OPRA) at 10.49%. This indicates that GTLB's price experiences larger fluctuations and is considered to be riskier than OPRA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GTLB | OPRA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.93% | 10.49% | +9.44% |
Volatility (6M)Calculated over the trailing 6-month period | 44.78% | 39.31% | +5.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.31% | 52.44% | +5.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.48% | 60.50% | +13.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 74.48% | 64.26% | +10.22% |
Dividends
GTLB vs. OPRA - Dividend Comparison
GTLB has not paid dividends to shareholders, while OPRA's dividend yield for the trailing twelve months is around 4.30%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
GTLB GitLab Inc. | 0.00% | 0.00% | 0.00% | 0.00% |
OPRA Opera Limited | 4.30% | 5.65% | 4.22% | 8.92% |
Financials
GTLB vs. OPRA - Financials Comparison
This section allows you to compare key financial metrics between GitLab Inc. and Opera Limited. 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. OPRA - Profitability Comparison
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%.
OPRA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Opera Limited reported a gross profit of 111.02M and revenue of 175.77M. Therefore, the gross margin over that period was 63.2%.
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%.
OPRA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Opera Limited reported an operating income of 30.43M and revenue of 175.77M, resulting in an operating margin of 17.3%.
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%.
OPRA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Opera Limited reported a net income of 24.79M and revenue of 175.77M, resulting in a net margin of 14.1%.
Frequently Asked Questions
GTLB and OPRA have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GTLB has higher volatility (19.93%) compared to OPRA (10.49%). In terms of maximum drawdown, GTLB dropped -85.16% vs OPRA's -72.85%.
OPRA currently has the higher Sharpe Ratio (0.16 vs -0.63), 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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