KLAR vs. FTNT

Last updated Jun 24, 2026

KLAR (Klarna Group PLC) and FTNT (Fortinet, Inc.) are both stocks. Both operate in the Software - Infrastructure industry within the Technology sector. At a 0.30 correlation, their price movements are largely independent.

Performance

KLAR vs. FTNT - Performance Comparison

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

Returns By Period

In the year-to-date period, KLAR achieves a -38.60% return, which is significantly lower than FTNT's 86.37% return.

KLAR

• 1D: -1.22%
• 1M: 7.12%
• YTD: -38.60%
• 6M: -42.07%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FTNT

• 1D: 1.80%
• 1M: 10.51%
• YTD: 86.37%
• 6M: 83.49%
• 1Y: 43.48%
• 3Y*: 27.39%
• 5Y*: 25.26%
• 10Y*: 36.94%

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

KLAR vs. FTNT - Yearly Performance Comparison

	2026 (YTD)	2025
KLAR Klarna Group PLC	-38.60%	-44.40%
FTNT Fortinet, Inc.	86.37%	-0.54%

Correlation

The correlation between KLAR and FTNT is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 10, 2025	0.30

Fundamentals

Market Cap KLAR : $6.71B FTNT : $109.93B
EPS KLAR : -$0.53 FTNT : $2.58
PS Ratio KLAR : 1.76 FTNT : 15.80
PB Ratio KLAR : 2.73 FTNT : 111.08
Total Revenue (TTM) KLAR : $3.82B FTNT : $7.11B
Gross Profit (TTM) KLAR : $2.11B FTNT : $5.74B
EBITDA (TTM) KLAR : $123.00M FTNT : $2.47B

Return for Risk

KLAR vs. FTNT — Risk / Return Rank

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

KLAR

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

FTNT

FTNT Risk / Return Rank: 68
FTNT Sharpe Ratio Rank: 72
FTNT Sortino Ratio Rank: 65
FTNT Omega Ratio Rank: 72
FTNT Calmar Ratio Rank: 69
FTNT Martin Ratio Rank: 62

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.

KLAR vs. FTNT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Klarna Group PLC (KLAR) 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.

	KLAR	FTNT	Difference
Sharpe ratio: Return per unit of total volatility	—	0.97	—
Sortino ratio: Return per unit of downside risk	—	1.46	—
Omega ratio: Gain probability vs. loss probability	—	1.23	—
Calmar ratio: Return relative to maximum drawdown	—	1.41	—
Martin ratio: Return relative to average drawdown	—	2.07	—

Drawdowns

KLAR vs. FTNT - Drawdown Comparison

The maximum KLAR drawdown since its inception was -76.40%, which is greater than FTNT's maximum drawdown of -51.20%. Use the drawdown chart below to compare losses from any high point for KLAR and FTNT.

Drawdown Indicators

	KLAR	FTNT	Difference
Max Drawdown Largest peak-to-trough decline	-76.40%	-51.20%	-25.20%
Max Drawdown (1Y) Largest decline over 1 year	—	-30.90%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-38.32%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-38.32%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-38.32%	—
Current Drawdown Current decline from peak	-65.87%	-1.12%	-64.75%
Average Drawdown Average peak-to-trough decline	-51.92%	-16.20%	-35.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	21.07%	—

Volatility

Volatility by Period

	KLAR	FTNT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	13.47%	—
Volatility (6M) Calculated over the trailing 6-month period	—	31.69%	—
Volatility (1Y) Calculated over the trailing 1-year period	72.82%	45.25%	+27.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	72.82%	43.97%	+28.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.82%	40.84%	+31.98%

Dividends

KLAR vs. FTNT - Dividend Comparison

Neither KLAR nor FTNT has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

KLAR vs. FTNT - Profitability Comparison

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

KLAR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Klarna Group PLC reported a gross profit of 573.00M and revenue of 1.01B. Therefore, the gross margin over that period was 56.6%.

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%.

KLAR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Klarna Group PLC reported an operating income of 17.00M and revenue of 1.01B, resulting in an operating margin of 1.7%.

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%.

KLAR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Klarna Group PLC reported a net income of -5.00M and revenue of 1.01B, resulting in a net margin of -0.5%.

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

Can I hold both KLAR and FTNT in my portfolio?

KLAR and FTNT have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.