JOYY vs. FTNT

Last updated Apr 1, 2026

Compare and contrast key facts about JOYY Inc (JOYY) and Fortinet, Inc. (FTNT).

Performance

JOYY vs. FTNT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JOYY Inc (JOYY) and Fortinet, Inc. (FTNT). The values are adjusted to include any dividend payments, if applicable.

JOYY vs. FTNT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
JOYY JOYY Inc	-8.47%	63.93%	5.42%	30.70%	-25.95%	-41.43%	52.97%	-1.84%
FTNT Fortinet, Inc.	2.91%	-15.95%	61.42%	19.72%	-31.98%	141.97%	39.13%	-0.18%

Fundamentals

Market Cap JOYY : $3.07B FTNT : $61.13B
EPS JOYY : $39.52 FTNT : $2.42
PE Ratio JOYY : 1.48 FTNT : 33.70
PEG Ratio JOYY : 0.02 FTNT : 0.93
PS Ratio JOYY : 1.46 FTNT : 9.19
PB Ratio JOYY : 0.47 FTNT : 49.40
Total Revenue (TTM) JOYY : $2.13B FTNT : $6.80B
Gross Profit (TTM) JOYY : $763.78M FTNT : $5.50B
EBITDA (TTM) JOYY : $240.66M FTNT : $2.35B

Returns By Period

In the year-to-date period, JOYY achieves a -8.47% return, which is significantly lower than FTNT's 2.91% return.

JOYY

• 1D: 3.40%
• 1M: -2.15%
• YTD: -8.47%
• 6M: 1.14%
• 1Y: 49.59%
• 3Y*: 27.95%
• 5Y*: -6.22%
• 10Y*: —

FTNT

• 1D: 3.38%
• 1M: 3.40%
• YTD: 2.91%
• 6M: -2.81%
• 1Y: -15.10%
• 3Y*: 7.13%
• 5Y*: 17.00%
• 10Y*: 29.42%

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

Return for Risk

JOYY vs. FTNT — Risk / Return Rank

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

JOYY

JOYY Risk / Return Rank: 83
JOYY Sharpe Ratio Rank: 86
JOYY Sortino Ratio Rank: 84
JOYY Omega Ratio Rank: 81
JOYY Calmar Ratio Rank: 82
JOYY Martin Ratio Rank: 84

FTNT

FTNT Risk / Return Rank: 27
FTNT Sharpe Ratio Rank: 26
FTNT Sortino Ratio Rank: 26
FTNT Omega Ratio Rank: 25
FTNT Calmar Ratio Rank: 27
FTNT Martin Ratio Rank: 30

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.

JOYY vs. FTNT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JOYY Inc (JOYY) 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.

	JOYY	FTNT	Difference
Sharpe ratio Return per unit of total volatility	1.65	-0.36	+2.00
Sortino ratio Return per unit of downside risk	2.35	-0.21	+2.56
Omega ratio Gain probability vs. loss probability	1.30	0.97	+0.33
Calmar ratio Return relative to maximum drawdown	2.57	-0.49	+3.05
Martin ratio Return relative to average drawdown	7.35	-0.75	+8.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JOYY vs. FTNT - Sharpe Ratio Comparison

The current JOYY Sharpe Ratio is 1.65, which is higher than the FTNT Sharpe Ratio of -0.36. The chart below compares the historical Sharpe Ratios of JOYY and FTNT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	JOYY	FTNT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.65	-0.36	+2.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.11	0.40	-0.51
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.74	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.08	0.65	-0.57

Correlation

The correlation between JOYY and FTNT is 0.23, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

JOYY vs. FTNT - Dividend Comparison

JOYY's dividend yield for the trailing twelve months is around 6.49%, while FTNT has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020
JOYY JOYY Inc	6.49%	4.35%	0.00%	3.07%	6.46%	4.48%	1.02%
FTNT Fortinet, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

JOYY vs. FTNT - Drawdown Comparison

The maximum JOYY drawdown since its inception was -83.52%, which is greater than FTNT's maximum drawdown of -51.20%. Use the drawdown chart below to compare losses from any high point for JOYY and FTNT.

Drawdown Indicators

	JOYY	FTNT	Difference
Max Drawdown Largest peak-to-trough decline	-83.52%	-51.20%	-32.32%
Max Drawdown (1Y) Largest decline over 1 year	-19.93%	-31.56%	+11.63%
Max Drawdown (5Y) Largest decline over 5 years	-76.47%	-38.32%	-38.15%
Max Drawdown (10Y) Largest decline over 10 years	—	-38.32%	—
Current Drawdown Current decline from peak	-51.48%	-28.67%	-22.81%
Average Drawdown Average peak-to-trough decline	-56.34%	-16.25%	-40.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.96%	20.59%	-13.63%

Volatility

JOYY vs. FTNT - Volatility Comparison

The current volatility for JOYY Inc (JOYY) is 6.89%, while Fortinet, Inc. (FTNT) has a volatility of 9.12%. This indicates that JOYY 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.

Volatility by Period

	JOYY	FTNT	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.89%	9.12%	-2.23%
Volatility (6M) Calculated over the trailing 6-month period	21.11%	22.14%	-1.03%
Volatility (1Y) Calculated over the trailing 1-year period	30.27%	42.37%	-12.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	59.39%	42.52%	+16.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.69%	40.13%	+21.56%

Financials

JOYY vs. FTNT - Profitability Comparison

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

JOYY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, JOYY Inc reported a gross profit of 206.54M and revenue of 584.46M. Therefore, the gross margin over that period was 35.3%.

FTNT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Fortinet, Inc. reported a gross profit of 1.52B and revenue of 1.91B. Therefore, the gross margin over that period was 79.6%.

JOYY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, JOYY Inc reported an operating income of 17.90M and revenue of 584.46M, resulting in an operating margin of 3.1%.

FTNT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Fortinet, Inc. reported an operating income of 625.60M and revenue of 1.91B, resulting in an operating margin of 32.8%.

JOYY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, JOYY Inc reported a net income of 54.56M and revenue of 584.46M, resulting in a net margin of 9.3%.

FTNT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Fortinet, Inc. reported a net income of 506.00M and revenue of 1.91B, resulting in a net margin of 26.6%.