PCTY vs. FTNT
PCTY (Paylocity Holding Corporation) and FTNT (Fortinet, Inc.) are both stocks. Both are in the Technology sector — PCTY in Software - Application, FTNT in Software - Infrastructure. Over the past 10 years, PCTY returned 10.51%/yr vs 36.02%/yr for FTNT. At a 0.47 correlation, their price movements are largely independent.
Performance
PCTY vs. FTNT - Performance Comparison
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Returns By Period
In the year-to-date period, PCTY achieves a -28.63% return, which is significantly lower than FTNT's 84.23% return. Over the past 10 years, PCTY has underperformed FTNT with an annualized return of 10.51%, while FTNT has yielded a comparatively higher 36.02% annualized return.
PCTY
- 1D
- 0.56%
- 1M
- 4.42%
- YTD
- -28.63%
- 6M
- -27.87%
- 1Y
- -40.19%
- 3Y*
- -17.24%
- 5Y*
- -9.20%
- 10Y*
- 10.51%
FTNT
- 1D
- 0.85%
- 1M
- 24.31%
- YTD
- 84.23%
- 6M
- 77.94%
- 1Y
- 43.91%
- 3Y*
- 27.56%
- 5Y*
- 26.15%
- 10Y*
- 36.02%
PCTY vs. FTNT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PCTY Paylocity Holding Corporation | -28.63% | -23.55% | 21.00% | -15.14% | -17.74% | 14.69% | 70.43% | 100.66% | 27.67% | 57.15% |
FTNT Fortinet, Inc. | 84.23% | -15.95% | 61.42% | 19.72% | -31.98% | 141.97% | 39.13% | 51.58% | 61.20% | 45.05% |
Correlation
The correlation between PCTY and FTNT is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 2014 | 0.47 |
The correlation between PCTY and FTNT shifts across timeframes, from 0.34 (3 years) to 0.50 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
PCTY:
$5.99B
FTNT:
$108.67B
PCTY:
$4.64
FTNT:
$2.58
PCTY:
23.46
FTNT:
56.81
PCTY:
0.69
FTNT:
1.58
PCTY:
3.50
FTNT:
15.62
PCTY:
5.07
FTNT:
109.80
PCTY:
$1.73B
FTNT:
$7.11B
PCTY:
$1.20B
FTNT:
$5.74B
PCTY:
$394.81M
FTNT:
$2.47B
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Return for Risk
PCTY vs. FTNT — Risk / Return Rank
PCTY
FTNT
PCTY vs. FTNT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Paylocity Holding Corporation (PCTY) 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.
| PCTY | FTNT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.06 | ||
| Sortino ratioReturn per unit of downside risk | -3.07 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.23 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.81 | 1.43 | -2.23 |
| Martin ratioReturn relative to average drawdown | -1.38 | 2.09 | -3.47 |
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Drawdowns
PCTY vs. FTNT - Drawdown Comparison
The maximum PCTY drawdown since its inception was -68.90%, which is greater than FTNT's maximum drawdown of -51.20%. Use the drawdown chart below to compare losses from any high point for PCTY and FTNT.
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Drawdown Indicators
| PCTY | FTNT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.90% | -51.20% | -17.70% |
Max Drawdown (1Y)Largest decline over 1 year | -50.04% | -30.90% | -19.14% |
Max Drawdown (3Y)Largest decline over 3 years | -58.08% | -38.32% | -19.76% |
Max Drawdown (5Y)Largest decline over 5 years | -68.90% | -38.32% | -30.58% |
Max Drawdown (10Y)Largest decline over 10 years | -68.90% | -38.32% | -30.58% |
Current DrawdownCurrent decline from peak | -64.40% | -2.25% | -62.15% |
Average DrawdownAverage peak-to-trough decline | -23.48% | -16.22% | -7.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.16% | 21.07% | +8.09% |
Volatility
PCTY vs. FTNT - Volatility Comparison
Paylocity Holding Corporation (PCTY) and Fortinet, Inc. (FTNT) have volatilities of 12.71% and 13.35%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PCTY | FTNT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.71% | 13.35% | -0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 31.99% | 31.79% | +0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.29% | 45.18% | -7.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.69% | 43.94% | -3.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.76% | 40.88% | +0.88% |
Dividends
PCTY vs. FTNT - Dividend Comparison
Neither PCTY nor FTNT has paid dividends to shareholders.
Financials
PCTY vs. FTNT - Financials Comparison
This section allows you to compare key financial metrics between Paylocity Holding Corporation 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
PCTY vs. FTNT - Profitability Comparison
PCTY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Paylocity Holding Corporation reported a gross profit of 363.19M and revenue of 502.29M. Therefore, the gross margin over that period was 72.3%.
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%.
PCTY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Paylocity Holding Corporation reported an operating income of 156.76M and revenue of 502.29M, resulting in an operating margin of 31.2%.
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%.
PCTY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Paylocity Holding Corporation reported a net income of 111.25M and revenue of 502.29M, resulting in a net margin of 22.2%.
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
PCTY and FTNT have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FTNT has higher volatility (13.35%) compared to PCTY (12.71%). In terms of maximum drawdown, PCTY dropped -68.90% vs FTNT's -51.20%.
FTNT currently has the higher Sharpe Ratio (0.98 vs -1.08), 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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