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OSPN vs. FTNT
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

Correlation

The correlation between OSPN and FTNT is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


-0.50.00.51.0
Correlation: 0.5

Performance

OSPN vs. FTNT - Performance Comparison

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

0.00%1,000.00%2,000.00%3,000.00%4,000.00%5,000.00%6,000.00%7,000.00%December2025FebruaryMarchAprilMay
125.20%
6,170.16%
OSPN
FTNT

Key characteristics

Sharpe Ratio

OSPN:

0.83

FTNT:

1.47

Sortino Ratio

OSPN:

1.52

FTNT:

2.50

Omega Ratio

OSPN:

1.18

FTNT:

1.35

Calmar Ratio

OSPN:

0.47

FTNT:

2.00

Martin Ratio

OSPN:

3.11

FTNT:

7.64

Ulcer Index

OSPN:

11.37%

FTNT:

8.12%

Daily Std Dev

OSPN:

42.44%

FTNT:

42.30%

Max Drawdown

OSPN:

-98.36%

FTNT:

-51.20%

Current Drawdown

OSPN:

-65.66%

FTNT:

-9.04%

Fundamentals

Market Cap

OSPN:

$582.10M

FTNT:

$79.79B

EPS

OSPN:

$1.46

FTNT:

$2.26

PE Ratio

OSPN:

10.18

FTNT:

45.91

PS Ratio

OSPN:

2.38

FTNT:

13.40

PB Ratio

OSPN:

2.78

FTNT:

53.64

Total Revenue (TTM)

OSPN:

$178.34M

FTNT:

$4.60B

Gross Profit (TTM)

OSPN:

$126.60M

FTNT:

$3.75B

EBITDA (TTM)

OSPN:

$39.13M

FTNT:

$1.70B

Returns By Period

In the year-to-date period, OSPN achieves a -20.44% return, which is significantly lower than FTNT's 10.30% return. Over the past 10 years, OSPN has underperformed FTNT with an annualized return of -5.56%, while FTNT has yielded a comparatively higher 29.76% annualized return.


OSPN

YTD

-20.44%

1M

-5.54%

6M

-11.57%

1Y

35.08%

5Y*

-1.52%

10Y*

-5.56%

FTNT

YTD

10.30%

1M

7.80%

6M

32.48%

1Y

64.03%

5Y*

38.08%

10Y*

29.76%

*Annualized

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Risk-Adjusted Performance

OSPN vs. FTNT — Risk-Adjusted Performance Rank

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

OSPN
The Risk-Adjusted Performance Rank of OSPN is 7676
Overall Rank
The Sharpe Ratio Rank of OSPN is 8080
Sharpe Ratio Rank
The Sortino Ratio Rank of OSPN is 7878
Sortino Ratio Rank
The Omega Ratio Rank of OSPN is 7373
Omega Ratio Rank
The Calmar Ratio Rank of OSPN is 7272
Calmar Ratio Rank
The Martin Ratio Rank of OSPN is 7979
Martin Ratio Rank

FTNT
The Risk-Adjusted Performance Rank of FTNT is 9292
Overall Rank
The Sharpe Ratio Rank of FTNT is 9191
Sharpe Ratio Rank
The Sortino Ratio Rank of FTNT is 9191
Sortino Ratio Rank
The Omega Ratio Rank of FTNT is 9191
Omega Ratio Rank
The Calmar Ratio Rank of FTNT is 9393
Calmar Ratio Rank
The Martin Ratio Rank of FTNT is 9292
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

OSPN vs. FTNT - Risk-Adjusted Performance Comparison

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


The chart of Sharpe ratio for OSPN, currently valued at 0.83, compared to the broader market-2.00-1.000.001.002.003.00
OSPN: 0.83
FTNT: 1.47
The chart of Sortino ratio for OSPN, currently valued at 1.52, compared to the broader market-6.00-4.00-2.000.002.004.00
OSPN: 1.52
FTNT: 2.50
The chart of Omega ratio for OSPN, currently valued at 1.18, compared to the broader market0.501.001.502.00
OSPN: 1.18
FTNT: 1.35
The chart of Calmar ratio for OSPN, currently valued at 0.51, compared to the broader market0.001.002.003.004.005.00
OSPN: 0.51
FTNT: 2.00
The chart of Martin ratio for OSPN, currently valued at 3.11, compared to the broader market-10.000.0010.0020.00
OSPN: 3.11
FTNT: 7.64

The current OSPN Sharpe Ratio is 0.83, which is lower than the FTNT Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of OSPN 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.


Rolling 12-month Sharpe Ratio0.501.001.502.002.50December2025FebruaryMarchAprilMay
0.83
1.47
OSPN
FTNT

Dividends

OSPN vs. FTNT - Dividend Comparison

OSPN's dividend yield for the trailing twelve months is around 0.82%, while FTNT has not paid dividends to shareholders.


TTM
OSPN
OneSpan Inc.
0.82%
FTNT
Fortinet, Inc.
0.00%

Drawdowns

OSPN vs. FTNT - Drawdown Comparison

The maximum OSPN drawdown since its inception was -98.36%, which is greater than FTNT's maximum drawdown of -51.20%. Use the drawdown chart below to compare losses from any high point for OSPN and FTNT. For additional features, visit the drawdowns tool.


-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%0.00%December2025FebruaryMarchAprilMay
-57.41%
-9.04%
OSPN
FTNT

Volatility

OSPN vs. FTNT - Volatility Comparison

The current volatility for OneSpan Inc. (OSPN) is 15.13%, while Fortinet, Inc. (FTNT) has a volatility of 19.46%. This indicates that OSPN 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.


5.00%10.00%15.00%20.00%December2025FebruaryMarchAprilMay
15.13%
19.46%
OSPN
FTNT

Financials

OSPN vs. FTNT - Financials Comparison

This section allows you to compare key financial metrics between OneSpan 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.


Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities


0.00500.00M1.00B1.50BAprilJulyOctober2021AprilJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober
61.17M
1.66B
(OSPN) Total Revenue
(FTNT) Total Revenue
Values in USD except per share items

OSPN vs. FTNT - Profitability Comparison

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

Gross Margin
Operating Margin
Net Margin
Quarterly
Annual

60.0%65.0%70.0%75.0%80.0%AprilJulyOctober2021AprilJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober
74.0%
81.1%
(OSPN) Gross Margin
(FTNT) Gross Margin
OSPN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, OneSpan Inc. reported a gross profit of 45.29M and revenue of 61.17M. Therefore, the gross margin over that period was 74.0%.
FTNT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Fortinet, Inc. reported a gross profit of 1.35B and revenue of 1.66B. Therefore, the gross margin over that period was 81.1%.
OSPN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, OneSpan Inc. reported an operating income of 11.81M and revenue of 61.17M, 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 May 2025, Fortinet, Inc. reported an operating income of 574.10M and revenue of 1.66B, resulting in an operating margin of 34.6%.
OSPN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, OneSpan Inc. reported a net income of 28.79M and revenue of 61.17M, resulting in a net margin of 47.1%.
FTNT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Fortinet, Inc. reported a net income of 526.20M and revenue of 1.66B, resulting in a net margin of 31.7%.