JD vs. FTNT
JD (JD.com, Inc.) and FTNT (Fortinet, Inc.) are both stocks. JD operates in Internet Retail (Consumer Cyclical), while FTNT operates in Software - Infrastructure (Technology). Over the past 10 years, JD returned 4.77%/yr vs 36.48%/yr for FTNT. At a 0.29 correlation, their price movements are largely independent.
Performance
JD vs. FTNT - Performance Comparison
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Returns By Period
In the year-to-date period, JD achieves a 10.42% return, which is significantly lower than FTNT's 101.94% return. Over the past 10 years, JD has underperformed FTNT with an annualized return of 4.77%, while FTNT has yielded a comparatively higher 36.48% annualized return.
JD
- 1D
- 3.31%
- 1M
- 10.99%
- 6M
- 9.66%
- YTD
- 10.42%
- 1Y
- -6.57%
- 3Y*
- -3.26%
- 5Y*
- -14.24%
- 10Y*
- 4.77%
- ALL TIME*
- 3.97%
FTNT
- 1D
- -0.77%
- 1M
- 10.80%
- 6M
- 112.74%
- YTD
- 101.94%
- 1Y
- 52.12%
- 3Y*
- 27.07%
- 5Y*
- 24.82%
- 10Y*
- 36.48%
- ALL TIME*
- 31.36%
JD vs. FTNT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JD JD.com, Inc. | 10.42% | -14.78% | 23.45% | -47.76% | -17.87% | -20.28% | 149.50% | 68.32% | -49.47% | 62.81% |
FTNT Fortinet, Inc. | 101.94% | -15.95% | 61.42% | 19.72% | -31.98% | 141.97% | 39.13% | 51.58% | 61.20% | 45.05% |
Correlation
The correlation between JD and FTNT is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since May 22, 2014 | 0.29 |
Over the past year, the correlation between JD and FTNT has dropped to 0.08 - well below their long-term average of 0.29, suggesting their price drivers have been diverging.
Fundamentals
JD:
$42.96B
FTNT:
$117.49B
JD:
CN¥9.41
FTNT:
$2.59
JD:
22.02
FTNT:
61.84
JD:
1.08
FTNT:
1.72
JD:
0.23
FTNT:
17.00
JD:
1.38
FTNT:
120.36
JD:
CN¥1.32T
FTNT:
$7.11B
JD:
CN¥126.44B
FTNT:
$5.74B
JD:
CN¥27.03B
FTNT:
$2.47B
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Return for Risk
JD vs. FTNT — Risk / Return Rank
JD
FTNT
JD vs. FTNT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JD.com, Inc. (JD) and Fortinet, Inc. (FTNT). 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.
| JD | FTNT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.36 | ||
| Sortino ratioReturn per unit of downside risk | -1.76 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.26 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.22 | 1.72 | -1.94 |
| Martin ratioReturn relative to average drawdown | -0.40 | 2.53 | -2.93 |
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Drawdowns
JD vs. FTNT - Drawdown Comparison
The maximum JD drawdown since its inception was -79.12%, which is greater than FTNT's maximum drawdown of -51.20%. Use the drawdown chart below to compare losses from any high point for JD and FTNT.
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Drawdown Indicators
| JD | FTNT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.12% | -51.20% | -27.92% |
Max Drawdown (1Y)Largest decline over 1 year | -29.78% | -30.44% | +0.66% |
Max Drawdown (3Y)Largest decline over 3 years | -48.10% | -36.79% | -11.31% |
Max Drawdown (5Y)Largest decline over 5 years | -75.63% | -38.32% | -37.31% |
Max Drawdown (10Y)Largest decline over 10 years | -79.12% | -38.32% | -40.80% |
Current DrawdownCurrent decline from peak | -67.32% | -3.88% | -63.44% |
Average DrawdownAverage peak-to-trough decline | -37.88% | -16.14% | -21.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.44% | 20.62% | -4.18% |
Volatility
JD vs. FTNT - Volatility Comparison
The current volatility for JD.com, Inc. (JD) is 8.96%, while Fortinet, Inc. (FTNT) has a volatility of 11.11%. This indicates that JD experiences smaller price fluctuations and is considered to be less risky than FTNT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JD | FTNT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.96% | 11.11% | -2.15% |
Volatility (6M)Calculated over the trailing 6-month period | 23.34% | 32.84% | -9.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.04% | 45.39% | -13.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.68% | 44.17% | +9.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.73% | 40.89% | +6.84% |
Dividends
JD vs. FTNT - Dividend Comparison
JD's dividend yield for the trailing twelve months is around 3.27%, while FTNT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
FTNT Fortinet, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JD JD.com, Inc. | 3.27% | 3.48% | 2.19% | 2.15% | 2.24% |
Financials
JD vs. FTNT - Financials Comparison
This section allows you to compare key financial metrics between JD.com, Inc. and Fortinet, 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
JD vs. FTNT - Profitability Comparison
JD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, JD.com, Inc. reported a gross profit of 52.43B and revenue of 313.78B. Therefore, the gross margin over that period was 16.7%.
FTNT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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%.
JD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, JD.com, Inc. reported an operating income of 3.78B and revenue of 313.78B, resulting in an operating margin of 1.2%.
FTNT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Fortinet, Inc. reported an operating income of 580.00M and revenue of 1.85B, resulting in an operating margin of 31.4%.
JD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, JD.com, Inc. reported a net income of 5.07B and revenue of 313.78B, resulting in a net margin of 1.6%.
FTNT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Fortinet, Inc. reported a net income of 534.50M and revenue of 1.85B, resulting in a net margin of 28.9%.
Frequently Asked Questions
JD and FTNT have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FTNT has higher volatility (11.11%) compared to JD (8.96%). In terms of maximum drawdown, JD dropped -79.12% vs FTNT's -51.20%.
FTNT currently has the higher Sharpe Ratio (1.16 vs -0.21), 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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