PRO vs. VRNS

Last updated Jun 3, 2026

PRO (PROS Holdings, Inc.) and VRNS (Varonis Systems, Inc.) are both stocks. Both are in the Technology sector — PRO in Software - Application, VRNS in Software - Infrastructure. At a 0.46 correlation, their price movements are largely independent.

Performance

PRO vs. VRNS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PROS Holdings, Inc. (PRO) and Varonis Systems, Inc. (VRNS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PRO

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

VRNS

• 1D: -6.61%
• 1M: 22.25%
• YTD: 2.16%
• 6M: 6.31%
• 1Y: -32.68%
• 3Y*: 8.16%
• 5Y*: -6.86%
• 10Y*: 14.64%

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

PRO vs. VRNS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PRO PROS Holdings, Inc.	0.00%	5.87%	-43.39%	59.89%	-29.66%	-32.07%	-15.27%	90.83%	18.71%	22.91%
VRNS Varonis Systems, Inc.	2.16%	-26.18%	-1.88%	89.14%	-50.92%	-10.56%	110.54%	46.90%	8.96%	81.16%

Correlation

The correlation between PRO and VRNS is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (5Y) Calculated over the trailing 5-year period	0.52
Correlation (10Y) Calculated over the trailing 10-year period	0.49
Correlation (All Time) Calculated using the full available price history since Mar 3, 2014	0.46

Over the past year, the correlation between PRO and VRNS has dropped to 0.25 - well below their long-term average of 0.46, suggesting their price drivers have been diverging.

Fundamentals

Market Cap PRO : $1.12B VRNS : $3.88B
EPS PRO : -$0.24 VRNS : -$1.16
PS Ratio PRO : 3.17 VRNS : 5.97
Total Revenue (TTM) PRO : $351.68M VRNS : $660.24M
Gross Profit (TTM) PRO : $238.64M VRNS : $515.71M
EBITDA (TTM) PRO : $3.16M VRNS : -$119.10M

Return for Risk

PRO vs. VRNS — Risk / Return Rank

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

VRNS

VRNS Risk / Return Rank: 24
VRNS Sharpe Ratio Rank: 20
VRNS Sortino Ratio Rank: 26
VRNS Omega Ratio Rank: 24
VRNS Calmar Ratio Rank: 24
VRNS Martin Ratio Rank: 26

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.

PRO vs. VRNS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PROS Holdings, Inc. (PRO) and Varonis Systems, Inc. (VRNS). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	PRO	VRNS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.48	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.13	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.31	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.14	—

Drawdowns

Drawdown Indicators

	PRO	VRNS	Difference
Max Drawdown Largest peak-to-trough decline	—	-78.19%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-68.11%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-68.11%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-78.19%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-78.19%	—
Current Drawdown Current decline from peak	—	-54.35%	—
Average Drawdown Average peak-to-trough decline	—	-37.32%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	42.27%	—

Volatility

Volatility by Period

	PRO	VRNS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	15.24%	—
Volatility (6M) Calculated over the trailing 6-month period	—	41.38%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	67.77%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	52.77%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	47.42%	—

Dividends

PRO vs. VRNS - Dividend Comparison

Neither PRO nor VRNS has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

PRO vs. VRNS - Profitability Comparison

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

PRO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, PROS Holdings, Inc. reported a gross profit of 63.14M and revenue of 91.68M. Therefore, the gross margin over that period was 68.9%.

VRNS - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Varonis Systems, Inc. reported a gross profit of 131.56M and revenue of 173.13M. Therefore, the gross margin over that period was 76.0%.

PRO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, PROS Holdings, Inc. reported an operating income of -2.87M and revenue of 91.68M, resulting in an operating margin of -3.1%.

VRNS - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Varonis Systems, Inc. reported an operating income of -44.48M and revenue of 173.13M, resulting in an operating margin of -25.7%.

PRO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, PROS Holdings, Inc. reported a net income of -4.25M and revenue of 91.68M, resulting in a net margin of -4.6%.

VRNS - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Varonis Systems, Inc. reported a net income of -43.22M and revenue of 173.13M, resulting in a net margin of -25.0%.

Frequently Asked Questions

Can I hold both PRO and VRNS in my portfolio?

PRO and VRNS have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.