SNAP vs. ZS
SNAP (Snap Inc.) and ZS (Zscaler, Inc.) are both stocks. SNAP operates in Internet Content & Information (Communication Services), while ZS operates in Software - Infrastructure (Technology). Over the past 5 years, SNAP returned -38.02%/yr vs -7.99%/yr for ZS. At a 0.42 correlation, their price movements are largely independent.
Performance
SNAP vs. ZS - Performance Comparison
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Returns By Period
In the year-to-date period, SNAP achieves a -29.99% return, which is significantly higher than ZS's -42.54% return.
SNAP
- 1D
- -1.91%
- 1M
- -7.07%
- YTD
- -29.99%
- 6M
- -29.64%
- 1Y
- -31.68%
- 3Y*
- -17.58%
- 5Y*
- -38.02%
- 10Y*
- —
ZS
- 1D
- -1.17%
- 1M
- -15.04%
- YTD
- -42.54%
- 6M
- -47.22%
- 1Y
- -57.35%
- 3Y*
- -5.02%
- 5Y*
- -7.99%
- 10Y*
- —
SNAP vs. ZS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SNAP Snap Inc. | -29.99% | -25.07% | -36.39% | 89.16% | -80.97% | -6.07% | 206.61% | 196.37% | -67.61% |
ZS Zscaler, Inc. | -42.54% | 24.67% | -18.57% | 98.00% | -65.18% | 60.90% | 329.48% | 18.59% | 18.82% |
Correlation
The correlation between SNAP and ZS is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 2018 | 0.42 |
The correlation between SNAP and ZS shifts across timeframes, from 0.27 (1 year) to 0.46 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
SNAP:
$9.54B
ZS:
$20.78B
SNAP:
-$0.24
ZS:
-$0.49
SNAP:
1.57
ZS:
6.47
SNAP:
4.57
ZS:
8.78
SNAP:
$6.10B
ZS:
$3.17B
SNAP:
$3.40B
ZS:
$2.43B
SNAP:
-$173.71M
ZS:
$69.08M
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Return for Risk
SNAP vs. ZS — Risk / Return Rank
SNAP
ZS
SNAP vs. ZS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Snap Inc. (SNAP) and Zscaler, Inc. (ZS). 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.
| SNAP | ZS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.79 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 0.79 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.51 | -0.89 | +0.37 |
| Martin ratioReturn relative to average drawdown | -0.93 | -1.59 | +0.66 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SNAP | ZS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.57 | -0.98 | +0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.50 | -0.14 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.20 | 0.31 | -0.51 |
Drawdowns
SNAP vs. ZS - Drawdown Comparison
The maximum SNAP drawdown since its inception was -95.27%, which is greater than ZS's maximum drawdown of -76.41%. Use the drawdown chart below to compare losses from any high point for SNAP and ZS.
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Drawdown Indicators
| SNAP | ZS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.27% | -76.41% | -18.86% |
Max Drawdown (1Y)Largest decline over 1 year | -62.03% | -64.89% | +2.86% |
Max Drawdown (3Y)Largest decline over 3 years | -77.48% | -64.89% | -12.59% |
Max Drawdown (5Y)Largest decline over 5 years | -95.27% | -76.41% | -18.86% |
Current DrawdownCurrent decline from peak | -93.20% | -64.95% | -28.25% |
Average DrawdownAverage peak-to-trough decline | -60.01% | -32.63% | -27.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.93% | 36.05% | -2.12% |
Volatility
SNAP vs. ZS - Volatility Comparison
The current volatility for Snap Inc. (SNAP) is 13.84%, while Zscaler, Inc. (ZS) has a volatility of 44.44%. This indicates that SNAP experiences smaller price fluctuations and is considered to be less risky than ZS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SNAP | ZS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.84% | 44.44% | -30.60% |
Volatility (6M)Calculated over the trailing 6-month period | 41.11% | 57.30% | -16.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.46% | 58.72% | -3.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 75.99% | 56.10% | +19.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.79% | 58.42% | +13.37% |
Dividends
SNAP vs. ZS - Dividend Comparison
Neither SNAP nor ZS has paid dividends to shareholders.
Financials
SNAP vs. ZS - Financials Comparison
This section allows you to compare key financial metrics between Snap Inc. and Zscaler, 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
SNAP vs. ZS - Profitability Comparison
SNAP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Snap Inc. reported a gross profit of 863.55M and revenue of 1.53B. Therefore, the gross margin over that period was 56.5%.
ZS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Zscaler, Inc. reported a gross profit of 657.82M and revenue of 850.48M. Therefore, the gross margin over that period was 77.4%.
SNAP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Snap Inc. reported an operating income of -74.45M and revenue of 1.53B, resulting in an operating margin of -4.9%.
ZS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Zscaler, Inc. reported an operating income of -29.64M and revenue of 850.48M, resulting in an operating margin of -3.5%.
SNAP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Snap Inc. reported a net income of -88.95M and revenue of 1.53B, resulting in a net margin of -5.8%.
ZS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Zscaler, Inc. reported a net income of -13.88M and revenue of 850.48M, resulting in a net margin of -1.6%.
Frequently Asked Questions
SNAP and ZS have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ZS has higher volatility (44.44%) compared to SNAP (13.84%). In terms of maximum drawdown, SNAP dropped -95.27% vs ZS's -76.41%.
SNAP currently has the higher Sharpe Ratio (-0.57 vs -0.98), 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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