QLYS vs. VRNS
QLYS (Qualys, Inc.) and VRNS (Varonis Systems, Inc.) are both stocks. Both operate in the Software - Infrastructure industry within the Technology sector. Over the past 10 years, QLYS returned 13.24%/yr vs 14.64%/yr for VRNS. A 0.52 correlation means they provide meaningful diversification when combined.
Performance
QLYS vs. VRNS - Performance Comparison
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Returns By Period
In the year-to-date period, QLYS achieves a -16.30% return, which is significantly lower than VRNS's 1.65% return. Over the past 10 years, QLYS has underperformed VRNS with an annualized return of 13.24%, while VRNS has yielded a comparatively higher 14.64% annualized return.
QLYS
- 1D
- 0.37%
- 1M
- 23.57%
- YTD
- -16.30%
- 6M
- -27.07%
- 1Y
- -19.84%
- 3Y*
- -5.28%
- 5Y*
- 1.58%
- 10Y*
- 13.24%
VRNS
- 1D
- -0.36%
- 1M
- 18.31%
- YTD
- 1.65%
- 6M
- -1.33%
- 1Y
- -31.99%
- 3Y*
- 7.86%
- 5Y*
- -8.83%
- 10Y*
- 14.64%
QLYS vs. VRNS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QLYS Qualys, Inc. | -16.30% | -5.22% | -28.56% | 74.89% | -18.21% | 12.60% | 46.18% | 11.55% | 25.93% | 87.52% |
VRNS Varonis Systems, Inc. | 1.65% | -26.18% | -1.88% | 89.14% | -50.92% | -10.56% | 110.54% | 46.90% | 8.96% | 81.16% |
Correlation
The correlation between QLYS and VRNS is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2014 | 0.52 |
The correlation between QLYS and VRNS has been stable across timeframes, ranging from 0.52 to 0.61 - a consistent structural relationship.
Fundamentals
QLYS:
$3.97B
VRNS:
$3.86B
QLYS:
$5.57
VRNS:
-$1.16
QLYS:
5.87
VRNS:
5.94
QLYS:
6.96
VRNS:
8.51
QLYS:
$684.86M
VRNS:
$660.24M
QLYS:
$569.03M
VRNS:
$515.71M
QLYS:
$252.31M
VRNS:
-$119.10M
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Return for Risk
QLYS vs. VRNS — Risk / Return Rank
QLYS
VRNS
QLYS vs. VRNS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Qualys, Inc. (QLYS) 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.
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.
| QLYS | VRNS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 0.97 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | -0.48 | +0.06 |
| Martin ratioReturn relative to average drawdown | -0.86 | -0.75 | -0.11 |
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Drawdowns
QLYS vs. VRNS - Drawdown Comparison
The maximum QLYS drawdown since its inception was -68.48%, smaller than the maximum VRNS drawdown of -78.19%. Use the drawdown chart below to compare losses from any high point for QLYS and VRNS.
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Drawdown Indicators
| QLYS | VRNS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.48% | -78.19% | +9.71% |
Max Drawdown (1Y)Largest decline over 1 year | -50.46% | -68.11% | +17.65% |
Max Drawdown (3Y)Largest decline over 3 years | -62.99% | -68.11% | +5.12% |
Max Drawdown (5Y)Largest decline over 5 years | -62.99% | -78.19% | +15.20% |
Max Drawdown (10Y)Largest decline over 10 years | -62.99% | -78.19% | +15.20% |
Current DrawdownCurrent decline from peak | -45.97% | -54.58% | +8.61% |
Average DrawdownAverage peak-to-trough decline | -20.89% | -37.34% | +16.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.33% | 43.02% | -18.69% |
Volatility
QLYS vs. VRNS - Volatility Comparison
The current volatility for Qualys, Inc. (QLYS) is 13.72%, while Varonis Systems, Inc. (VRNS) has a volatility of 14.61%. This indicates that QLYS experiences smaller price fluctuations and is considered to be less risky than VRNS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QLYS | VRNS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.72% | 14.61% | -0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 36.46% | 40.98% | -4.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.36% | 67.84% | -22.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.90% | 52.67% | -12.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.08% | 47.42% | -8.34% |
Dividends
QLYS vs. VRNS - Dividend Comparison
Neither QLYS nor VRNS has paid dividends to shareholders.
Financials
QLYS vs. VRNS - Financials Comparison
This section allows you to compare key financial metrics between Qualys, Inc. and Varonis Systems, 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
QLYS vs. VRNS - Profitability Comparison
QLYS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Qualys, Inc. reported a gross profit of 145.65M and revenue of 175.64M. Therefore, the gross margin over that period was 82.9%.
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%.
QLYS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Qualys, Inc. reported an operating income of 60.89M and revenue of 175.64M, resulting in an operating margin of 34.7%.
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%.
QLYS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Qualys, Inc. reported a net income of 50.64M and revenue of 175.64M, resulting in a net margin of 28.8%.
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
QLYS and VRNS have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VRNS has higher volatility (14.61%) compared to QLYS (13.72%). In terms of maximum drawdown, QLYS dropped -68.48% vs VRNS's -78.19%.
QLYS currently has the higher Sharpe Ratio (-0.46 vs -0.48), 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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