MDB vs. ZS
MDB (MongoDB, Inc.) and ZS (Zscaler, Inc.) are both stocks. Both operate in the Software - Infrastructure industry within the Technology sector. Over the past 5 years, MDB returned 1.31%/yr vs -7.99%/yr for ZS. A 0.67 correlation means they provide meaningful diversification when combined.
Performance
MDB vs. ZS - Performance Comparison
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Returns By Period
In the year-to-date period, MDB achieves a -16.00% return, which is significantly higher than ZS's -42.54% return.
MDB
- 1D
- 0.52%
- 1M
- 17.73%
- YTD
- -16.00%
- 6M
- -15.80%
- 1Y
- 60.15%
- 3Y*
- -1.99%
- 5Y*
- 1.31%
- 10Y*
- —
ZS
- 1D
- -1.17%
- 1M
- -15.04%
- YTD
- -42.54%
- 6M
- -47.22%
- 1Y
- -57.35%
- 3Y*
- -5.02%
- 5Y*
- -7.99%
- 10Y*
- —
MDB vs. ZS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
MDB MongoDB, Inc. | -16.00% | 80.27% | -43.06% | 107.71% | -62.81% | 47.43% | 172.81% | 57.17% | 113.19% |
ZS Zscaler, Inc. | -42.54% | 24.67% | -18.57% | 98.00% | -65.18% | 60.90% | 329.48% | 18.59% | 18.82% |
Correlation
The correlation between MDB and ZS is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 2018 | 0.67 |
The correlation between MDB and ZS shifts across timeframes, from 0.60 (1 year) to 0.70 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
MDB:
$28.76B
ZS:
$20.78B
MDB:
-$0.35
ZS:
-$0.49
MDB:
11.19
ZS:
6.47
MDB:
9.80
ZS:
8.78
MDB:
$2.60B
ZS:
$3.17B
MDB:
$1.87B
ZS:
$2.43B
MDB:
-$19.89M
ZS:
$69.08M
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Return for Risk
MDB vs. ZS — Risk / Return Rank
MDB
ZS
MDB vs. ZS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MongoDB, Inc. (MDB) and Zscaler, Inc. (ZS). 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.
| MDB | ZS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.81 | ||
| Sortino ratioReturn per unit of downside risk | +3.10 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 0.79 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 1.24 | -0.89 | +2.13 |
| Martin ratioReturn relative to average drawdown | 2.85 | -1.59 | +4.44 |
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
| MDB | ZS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | -0.98 | +1.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | -0.14 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.31 | +0.18 |
Drawdowns
MDB vs. ZS - Drawdown Comparison
The maximum MDB drawdown since its inception was -76.52%, roughly equal to the maximum ZS drawdown of -76.41%. Use the drawdown chart below to compare losses from any high point for MDB and ZS.
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Drawdown Indicators
| MDB | ZS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.52% | -76.41% | -0.11% |
Max Drawdown (1Y)Largest decline over 1 year | -48.72% | -64.89% | +16.17% |
Max Drawdown (3Y)Largest decline over 3 years | -70.88% | -64.89% | -5.99% |
Max Drawdown (5Y)Largest decline over 5 years | -76.52% | -76.41% | -0.11% |
Current DrawdownCurrent decline from peak | -39.74% | -64.95% | +25.21% |
Average DrawdownAverage peak-to-trough decline | -30.74% | -32.63% | +1.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.18% | 36.05% | -14.87% |
Volatility
MDB vs. ZS - Volatility Comparison
The current volatility for MongoDB, Inc. (MDB) is 27.63%, while Zscaler, Inc. (ZS) has a volatility of 44.44%. This indicates that MDB experiences smaller price fluctuations and is considered to be less risky than ZS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MDB | ZS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.63% | 44.44% | -16.81% |
Volatility (6M)Calculated over the trailing 6-month period | 52.17% | 57.30% | -5.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 72.93% | 58.72% | +14.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.24% | 56.10% | +14.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 66.01% | 58.42% | +7.59% |
Dividends
MDB vs. ZS - Dividend Comparison
Neither MDB nor ZS has paid dividends to shareholders.
Financials
MDB vs. ZS - Financials Comparison
This section allows you to compare key financial metrics between MongoDB, Inc. and Zscaler, 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
MDB vs. ZS - Profitability Comparison
MDB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, MongoDB, Inc. reported a gross profit of 496.18M and revenue of 687.62M. Therefore, the gross margin over that period was 72.2%.
ZS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Zscaler, Inc. reported a gross profit of 657.82M and revenue of 850.48M. Therefore, the gross margin over that period was 77.4%.
MDB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, MongoDB, Inc. reported an operating income of -24.80M and revenue of 687.62M, resulting in an operating margin of -3.6%.
ZS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Zscaler, Inc. reported an operating income of -29.64M and revenue of 850.48M, resulting in an operating margin of -3.5%.
MDB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, MongoDB, Inc. reported a net income of 4.43M and revenue of 687.62M, resulting in a net margin of 0.6%.
ZS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Zscaler, Inc. reported a net income of -13.88M and revenue of 850.48M, resulting in a net margin of -1.6%.
Frequently Asked Questions
MDB and ZS have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ZS has higher volatility (44.44%) compared to MDB (27.63%). In terms of maximum drawdown, MDB dropped -76.52% vs ZS's -76.41%.
MDB currently has the higher Sharpe Ratio (0.83 vs -0.98), 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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