MSI vs. FTNT
MSI (Motorola Solutions, Inc.) and FTNT (Fortinet, Inc.) are both stocks. Both are in the Technology sector — MSI in Communication Equipment, FTNT in Software - Infrastructure. Over the past 10 years, MSI returned 21.53%/yr vs 35.73%/yr for FTNT. At a 0.37 correlation, their price movements are largely independent.
Performance
MSI vs. FTNT - Performance Comparison
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Returns By Period
In the year-to-date period, MSI achieves a 6.41% return, which is significantly lower than FTNT's 80.13% return. Over the past 10 years, MSI has underperformed FTNT with an annualized return of 21.53%, while FTNT has yielded a comparatively higher 35.73% annualized return.
MSI
- 1D
- -0.86%
- 1M
- 5.94%
- YTD
- 6.41%
- 6M
- 10.18%
- 1Y
- -1.60%
- 3Y*
- 14.78%
- 5Y*
- 15.60%
- 10Y*
- 21.53%
FTNT
- 1D
- -1.13%
- 1M
- 25.40%
- YTD
- 80.13%
- 6M
- 71.24%
- 1Y
- 36.31%
- 3Y*
- 28.12%
- 5Y*
- 25.96%
- 10Y*
- 35.73%
MSI vs. FTNT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MSI Motorola Solutions, Inc. | 6.41% | -16.17% | 49.12% | 23.04% | -3.81% | 61.90% | 7.35% | 42.19% | 29.64% | 11.44% |
FTNT Fortinet, Inc. | 80.13% | -15.95% | 61.42% | 19.72% | -31.98% | 141.97% | 39.13% | 51.58% | 61.20% | 45.05% |
Correlation
The correlation between MSI and FTNT is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Nov 19, 2009 | 0.37 |
Over the past year, the correlation between MSI and FTNT has dropped to 0.10 - well below their long-term average of 0.37, suggesting their price drivers have been diverging.
Fundamentals
MSI:
$68.34B
FTNT:
$106.25B
MSI:
$12.42
FTNT:
$2.58
MSI:
32.76
FTNT:
55.54
MSI:
2.00
FTNT:
1.54
MSI:
5.77
FTNT:
15.27
MSI:
26.86
FTNT:
107.36
MSI:
$11.87B
FTNT:
$7.11B
MSI:
$5.92B
FTNT:
$5.74B
MSI:
$3.35B
FTNT:
$2.47B
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Return for Risk
MSI vs. FTNT — Risk / Return Rank
MSI
FTNT
MSI vs. FTNT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Motorola Solutions, Inc. (MSI) 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.
| MSI | FTNT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.20 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.06 | 1.18 | -1.24 |
| Martin ratioReturn relative to average drawdown | -0.12 | 1.73 | -1.85 |
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
| MSI | FTNT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.07 | 0.81 | -0.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.59 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | 0.88 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.75 | -0.50 |
Drawdowns
MSI vs. FTNT - Drawdown Comparison
The maximum MSI drawdown since its inception was -93.60%, which is greater than FTNT's maximum drawdown of -51.20%. Use the drawdown chart below to compare losses from any high point for MSI and FTNT.
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Drawdown Indicators
| MSI | FTNT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.60% | -51.20% | -42.40% |
Max Drawdown (1Y)Largest decline over 1 year | -25.45% | -30.90% | +5.45% |
Max Drawdown (3Y)Largest decline over 3 years | -27.01% | -38.32% | +11.31% |
Max Drawdown (5Y)Largest decline over 5 years | -27.23% | -38.32% | +11.09% |
Max Drawdown (10Y)Largest decline over 10 years | -32.81% | -38.32% | +5.51% |
Current DrawdownCurrent decline from peak | -18.10% | -4.43% | -13.67% |
Average DrawdownAverage peak-to-trough decline | -40.71% | -16.24% | -24.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.09% | 21.06% | -7.97% |
Volatility
MSI vs. FTNT - Volatility Comparison
Motorola Solutions, Inc. (MSI) has a higher volatility of 14.42% compared to Fortinet, Inc. (FTNT) at 13.29%. This indicates that MSI's price experiences larger fluctuations and is considered to be riskier 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
| MSI | FTNT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.42% | 13.29% | +1.13% |
Volatility (6M)Calculated over the trailing 6-month period | 19.64% | 31.80% | -12.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.77% | 45.03% | -21.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.07% | 43.89% | -20.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.16% | 40.86% | -15.70% |
Dividends
MSI vs. FTNT - Dividend Comparison
MSI's dividend yield for the trailing twelve months is around 1.13%, while FTNT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTNT Fortinet, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MSI Motorola Solutions, Inc. | 1.13% | 1.17% | 0.87% | 1.16% | 1.26% | 1.07% | 1.55% | 1.46% | 1.85% | 2.14% | 2.05% | 2.09% |
Financials
MSI vs. FTNT - Financials Comparison
This section allows you to compare key financial metrics between Motorola Solutions, 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
MSI vs. FTNT - Profitability Comparison
MSI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Motorola Solutions, Inc. reported a gross profit of 1.36B and revenue of 2.71B. Therefore, the gross margin over that period was 50.2%.
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%.
MSI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Motorola Solutions, Inc. reported an operating income of 525.00M and revenue of 2.71B, resulting in an operating margin of 19.3%.
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%.
MSI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Motorola Solutions, Inc. reported a net income of 368.00M and revenue of 2.71B, resulting in a net margin of 13.6%.
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
MSI and FTNT have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSI has higher volatility (14.42%) compared to FTNT (13.29%). In terms of maximum drawdown, MSI dropped -93.60% vs FTNT's -51.20%.
FTNT currently has the higher Sharpe Ratio (0.81 vs -0.07), 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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