JOYY vs. FTNT
JOYY (JOYY Inc) and FTNT (Fortinet, Inc.) are both stocks. JOYY operates in Internet Content & Information (Communication Services), while FTNT operates in Software - Infrastructure (Technology). Over the past 5 years, JOYY returned 3.71%/yr vs 27.54%/yr for FTNT. At a 0.22 correlation, their price movements are largely independent.
Performance
JOYY vs. FTNT - Performance Comparison
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Returns By Period
In the year-to-date period, JOYY achieves a 9.13% return, which is significantly lower than FTNT's 88.48% return.
JOYY
- 1D
- 1.60%
- 1M
- 15.80%
- YTD
- 9.13%
- 6M
- 13.51%
- 1Y
- 54.89%
- 3Y*
- 39.48%
- 5Y*
- 3.71%
- 10Y*
- —
FTNT
- 1D
- 2.18%
- 1M
- 66.45%
- YTD
- 88.48%
- 6M
- 75.71%
- 1Y
- 47.28%
- 3Y*
- 28.06%
- 5Y*
- 27.54%
- 10Y*
- 35.99%
JOYY vs. FTNT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
JOYY JOYY Inc | 9.13% | 63.93% | 5.42% | 30.70% | -25.95% | -41.43% | 52.97% | -1.84% |
FTNT Fortinet, Inc. | 88.48% | -15.95% | 61.42% | 19.72% | -31.98% | 141.97% | 39.13% | -0.18% |
Correlation
The correlation between JOYY and FTNT is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 2019 | 0.22 |
The correlation between JOYY and FTNT shifts across timeframes, from 0.11 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.
Fundamentals
JOYY:
$3.44B
FTNT:
$111.17B
JOYY:
$4.34
FTNT:
$2.58
JOYY:
15.67
FTNT:
58.12
JOYY:
0.23
FTNT:
1.61
JOYY:
1.63
FTNT:
15.98
JOYY:
0.53
FTNT:
112.33
JOYY:
$2.19B
FTNT:
$7.11B
JOYY:
$773.31M
FTNT:
$5.74B
JOYY:
$190.18M
FTNT:
$2.47B
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Return for Risk
JOYY vs. FTNT — Risk / Return Rank
JOYY
FTNT
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 ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.25 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.63 | 1.54 | +1.09 |
| Martin ratioReturn relative to average drawdown | 6.15 | 2.25 | +3.90 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JOYY | FTNT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.62 | 1.06 | +0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | 0.63 | -0.57 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.88 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.76 | -0.63 |
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.
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Drawdown Indicators
| JOYY | FTNT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.52% | -51.20% | -32.32% |
Max Drawdown (1Y)Largest decline over 1 year | -20.97% | -30.90% | +9.93% |
Max Drawdown (3Y)Largest decline over 3 years | -33.72% | -38.32% | +4.60% |
Max Drawdown (5Y)Largest decline over 5 years | -67.31% | -38.32% | -28.99% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.32% | — |
Current DrawdownCurrent decline from peak | -42.15% | 0.00% | -42.15% |
Average DrawdownAverage peak-to-trough decline | -56.13% | -16.24% | -39.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.95% | 21.06% | -12.11% |
Volatility
JOYY vs. FTNT - Volatility Comparison
The current volatility for JOYY Inc (JOYY) is 18.58%, while Fortinet, Inc. (FTNT) has a volatility of 20.57%. 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.
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Volatility by Period
| JOYY | FTNT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.58% | 20.57% | -1.99% |
Volatility (6M)Calculated over the trailing 6-month period | 25.95% | 31.63% | -5.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.09% | 44.85% | -10.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.61% | 43.87% | +15.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.39% | 40.83% | +20.56% |
Dividends
JOYY vs. FTNT - Dividend Comparison
JOYY's dividend yield for the trailing twelve months is around 6.23%, while FTNT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
FTNT Fortinet, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JOYY JOYY Inc | 6.23% | 4.35% | 0.00% | 3.07% | 6.46% | 4.48% | 1.02% |
Financials
JOYY vs. FTNT - Financials Comparison
This section allows you to compare key financial metrics between JOYY 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
JOYY vs. FTNT - Profitability Comparison
JOYY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, JOYY Inc reported a gross profit of 189.30M and revenue of 555.70M. Therefore, the gross margin over that period was 34.1%.
FTNT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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%.
JOYY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, JOYY Inc reported an operating income of 7.08M and revenue of 555.70M, resulting in an operating margin of 1.3%.
FTNT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Fortinet, Inc. reported an operating income of 580.00M and revenue of 1.85B, resulting in an operating margin of 31.4%.
JOYY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, JOYY Inc reported a net income of 50.67M and revenue of 555.70M, resulting in a net margin of 9.1%.
FTNT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 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
JOYY and FTNT have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FTNT has higher volatility (20.57%) compared to JOYY (18.58%). In terms of maximum drawdown, JOYY dropped -83.52% vs FTNT's -51.20%.
JOYY currently has the higher Sharpe Ratio (1.62 vs 1.06), 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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