TVK.TO vs. FTNT
TVK.TO (TerraVest Industries Inc.) and FTNT (Fortinet, Inc.) are both stocks. TVK.TO operates in Oil & Gas Equipment & Services (Energy), while FTNT operates in Software - Infrastructure (Technology). Over the past 10 years, TVK.TO returned 37.31%/yr vs 37.20%/yr for FTNT. At a 0.10 correlation, their price movements are largely independent.
Performance
TVK.TO vs. FTNT - Performance Comparison
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Different Trading Currencies
TVK.TO is traded in CAD, while FTNT is traded in USD. To make them comparable, the FTNT values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, TVK.TO achieves a -27.97% return, which is significantly lower than FTNT's 88.17% return. Both investments have delivered pretty close results over the past 10 years, with TVK.TO having a 37.31% annualized return and FTNT not far behind at 37.20%.
TVK.TO
- 1D
- -0.67%
- 1M
- -5.28%
- YTD
- -27.97%
- 6M
- -22.66%
- 1Y
- -29.19%
- 3Y*
- 64.84%
- 5Y*
- 47.55%
- 10Y*
- 37.31%
FTNT
- 1D
- 1.15%
- 1M
- 26.94%
- YTD
- 88.17%
- 6M
- 80.67%
- 1Y
- 47.29%
- 3Y*
- 29.51%
- 5Y*
- 29.88%
- 10Y*
- 37.20%
TVK.TO vs. FTNT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TVK.TO TerraVest Industries Inc. | -27.97% | 47.85% | 154.61% | 62.88% | 2.14% | 75.27% | 26.32% | 31.99% | 13.03% | 9.55% |
FTNT Fortinet, Inc. | 88.17% | -19.79% | 75.09% | 16.87% | -27.67% | 141.85% | 35.82% | 45.34% | 74.76% | 35.23% |
Correlation
The correlation between TVK.TO 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 | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2012 | 0.10 |
The correlation between TVK.TO and FTNT shifts across timeframes, from 0.10 (all time) to 0.21 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
TVK.TO:
CA$2.62B
FTNT:
$108.67B
TVK.TO:
CA$3.35
FTNT:
$2.58
TVK.TO:
35.33
FTNT:
56.81
TVK.TO:
1.60
FTNT:
1.58
TVK.TO:
1.54
FTNT:
15.62
TVK.TO:
3.46
FTNT:
109.80
TVK.TO:
CA$1.68B
FTNT:
$7.11B
TVK.TO:
CA$381.90M
FTNT:
$5.74B
TVK.TO:
CA$331.92M
FTNT:
$2.47B
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Return for Risk
TVK.TO vs. FTNT — Risk / Return Rank
TVK.TO
FTNT
TVK.TO vs. FTNT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TerraVest Industries Inc. (TVK.TO) 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.
| TVK.TO | FTNT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.56 | ||
| Sortino ratioReturn per unit of downside risk | -1.95 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.24 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.77 | 1.55 | -2.33 |
| Martin ratioReturn relative to average drawdown | -1.56 | 2.33 | -3.89 |
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Drawdowns
TVK.TO vs. FTNT - Drawdown Comparison
The maximum TVK.TO drawdown since its inception was -41.58%, smaller than the maximum FTNT drawdown of -48.49%. Use the drawdown chart below to compare losses from any high point for TVK.TO and FTNT.
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Drawdown Indicators
| TVK.TO | FTNT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.58% | -48.49% | +6.91% |
Max Drawdown (1Y)Largest decline over 1 year | -37.79% | -30.57% | -7.22% |
Max Drawdown (3Y)Largest decline over 3 years | -37.79% | -37.19% | -0.60% |
Max Drawdown (5Y)Largest decline over 5 years | -37.79% | -37.19% | -0.60% |
Max Drawdown (10Y)Largest decline over 10 years | -41.58% | -37.19% | -4.39% |
Current DrawdownCurrent decline from peak | -32.10% | -1.59% | -30.51% |
Average DrawdownAverage peak-to-trough decline | -6.79% | -15.44% | +8.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.76% | 20.37% | -1.61% |
Volatility
TVK.TO vs. FTNT - Volatility Comparison
TerraVest Industries Inc. (TVK.TO) has a higher volatility of 42.59% compared to Fortinet, Inc. (FTNT) at 13.21%. This indicates that TVK.TO's price experiences larger fluctuations and is considered to be riskier than FTNT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TVK.TO | FTNT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 42.59% | 13.21% | +29.38% |
Volatility (6M)Calculated over the trailing 6-month period | 54.66% | 31.93% | +22.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.96% | 45.69% | +10.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.50% | 44.39% | -3.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.86% | 41.46% | -5.60% |
Dividends
TVK.TO vs. FTNT - Dividend Comparison
TVK.TO's dividend yield for the trailing twelve months is around 0.63%, while FTNT has not 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% |
TVK.TO TerraVest Industries Inc. | 0.63% | 0.44% | 0.56% | 1.19% | 1.54% | 1.46% | 2.50% | 3.08% | 3.94% | 4.28% | 4.49% | 7.04% |
Financials
TVK.TO vs. FTNT - Financials Comparison
This section allows you to compare key financial metrics between TerraVest Industries Inc. 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
TVK.TO vs. FTNT - Profitability Comparison
TVK.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, TerraVest Industries Inc. reported a gross profit of 90.64M and revenue of 442.57M. Therefore, the gross margin over that period was 20.5%.
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%.
TVK.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, TerraVest Industries Inc. reported an operating income of 34.19M and revenue of 442.57M, resulting in an operating margin of 7.7%.
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%.
TVK.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, TerraVest Industries Inc. reported a net income of 10.04M and revenue of 442.57M, resulting in a net margin of 2.3%.
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
TVK.TO 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.
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