PPLI vs. FTNT

Last updated Jun 26, 2026

PPLI (People Incorporated) and FTNT (Fortinet, Inc.) are both stocks. PPLI operates in Internet Content & Information (Communication Services), while FTNT operates in Software - Infrastructure (Technology). Over the past 10 years, PPLI returned 18.64%/yr vs 37.98%/yr for FTNT. At a 0.39 correlation, their price movements are largely independent.

Performance

PPLI vs. FTNT - Performance Comparison

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

Returns By Period

In the year-to-date period, PPLI achieves a 8.26% return, which is significantly lower than FTNT's 88.80% return. Over the past 10 years, PPLI has underperformed FTNT with an annualized return of 18.64%, while FTNT has yielded a comparatively higher 37.98% annualized return.

PPLI

• 1D: -0.59%
• 1M: -0.31%
• YTD: 8.26%
• 6M: 6.44%
• 1Y: 16.32%
• 3Y*: 1.04%
• 5Y*: -16.22%
• 10Y*: 18.64%

FTNT

• 1D: 3.20%
• 1M: 11.92%
• YTD: 88.80%
• 6M: 84.69%
• 1Y: 44.59%
• 3Y*: 28.26%
• 5Y*: 25.37%
• 10Y*: 37.98%

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

PPLI vs. FTNT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PPLI People Incorporated	8.26%	34.76%	-17.64%	17.97%	-66.03%	3.75%	132.14%	36.10%	49.69%	88.73%
FTNT Fortinet, Inc.	88.80%	-15.95%	61.42%	19.72%	-31.98%	141.97%	39.13%	51.58%	61.20%	45.05%

Correlation

The correlation between PPLI and FTNT is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (5Y) Calculated over the trailing 5-year period	0.36
Correlation (10Y) Calculated over the trailing 10-year period	0.40
Correlation (All Time) Calculated using the full available price history since Nov 18, 2009	0.39

The correlation between PPLI and FTNT shifts across timeframes, from 0.21 (1 year) to 0.40 (10 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap PPLI : $3.25B FTNT : $111.37B
EPS PPLI : $0.52 FTNT : $2.58
PE Ratio PPLI : 82.19 FTNT : 58.22
PS Ratio PPLI : 1.50 FTNT : 16.01
PB Ratio PPLI : 0.71 FTNT : 112.53
Total Revenue (TTM) PPLI : $2.25B FTNT : $7.11B
Gross Profit (TTM) PPLI : $1.48B FTNT : $5.74B
EBITDA (TTM) PPLI : $450.27M FTNT : $2.47B

Return for Risk

PPLI vs. FTNT — Risk / Return Rank

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

PPLI

PPLI Risk / Return Rank: 57
PPLI Sharpe Ratio Rank: 61
PPLI Sortino Ratio Rank: 53
PPLI Omega Ratio Rank: 54
PPLI Calmar Ratio Rank: 59
PPLI Martin Ratio Rank: 58

FTNT

FTNT Risk / Return Rank: 70
FTNT Sharpe Ratio Rank: 74
FTNT Sortino Ratio Rank: 68
FTNT Omega Ratio Rank: 74
FTNT Calmar Ratio Rank: 70
FTNT Martin Ratio Rank: 64

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.

PPLI vs. FTNT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for People Incorporated (PPLI) 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.

	PPLI	FTNT	Difference
Sharpe ratio: Return per unit of total volatility	0.50	0.99	-0.49
Sortino ratio: Return per unit of downside risk	0.82	1.49	-0.66
Omega ratio: Gain probability vs. loss probability	1.12	1.23	-0.12
Calmar ratio: Return relative to maximum drawdown	0.67	1.45	-0.78
Martin ratio: Return relative to average drawdown	1.38	2.12	-0.74

PPLI vs. FTNT - Sharpe Ratio Comparison

The current PPLI Sharpe Ratio is 0.50, which is lower than the FTNT Sharpe Ratio of 0.99. The chart below compares the historical Sharpe Ratios of PPLI and FTNT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PPLI vs. FTNT - Drawdown Comparison

The maximum PPLI drawdown since its inception was -76.60%, which is greater than FTNT's maximum drawdown of -51.20%. Use the drawdown chart below to compare losses from any high point for PPLI and FTNT.

Drawdown Indicators

	PPLI	FTNT	Difference
Max Drawdown Largest peak-to-trough decline	-76.60%	-51.20%	-25.40%
Max Drawdown (1Y) Largest decline over 1 year	-24.36%	-30.90%	+6.54%
Max Drawdown (3Y) Largest decline over 3 years	-41.11%	-38.32%	-2.79%
Max Drawdown (5Y) Largest decline over 5 years	-73.88%	-38.32%	-35.56%
Max Drawdown (10Y) Largest decline over 10 years	-76.60%	-38.32%	-38.28%
Current Drawdown Current decline from peak	-64.07%	0.00%	-64.07%
Average Drawdown Average peak-to-trough decline	-27.56%	-16.19%	-11.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.85%	21.07%	-9.22%

Volatility

PPLI vs. FTNT - Volatility Comparison

The current volatility for People Incorporated (PPLI) is 10.28%, while Fortinet, Inc. (FTNT) has a volatility of 13.63%. This indicates that PPLI 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.

Volatility by Period

	PPLI	FTNT	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.28%	13.63%	-3.35%
Volatility (6M) Calculated over the trailing 6-month period	23.18%	31.86%	-8.68%
Volatility (1Y) Calculated over the trailing 1-year period	32.57%	45.27%	-12.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.30%	44.00%	-2.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.85%	40.84%	-0.99%

Dividends

PPLI vs. FTNT - Dividend Comparison

Neither PPLI nor FTNT has 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%
PPLI People Incorporated	0.00%	21.17%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.26%

Financials

PPLI vs. FTNT - Profitability Comparison

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

PPLI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, People Incorporated reported a gross profit of 263.12M and revenue of 422.89M. Therefore, the gross margin over that period was 62.2%.

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%.

PPLI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, People Incorporated reported an operating income of -40.07M and revenue of 422.89M, resulting in an operating margin of -9.5%.

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%.

PPLI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, People Incorporated reported a net income of -71.88M and revenue of 422.89M, resulting in a net margin of -17.0%.

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 PPLI and FTNT in my portfolio?

PPLI and FTNT have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PPLI or FTNT?

FTNT has higher volatility (13.63%) compared to PPLI (10.28%). In terms of maximum drawdown, PPLI dropped -76.60% vs FTNT's -51.20%.

Which has better risk-adjusted returns?

FTNT currently has the higher Sharpe Ratio (0.99 vs 0.50), 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.