VRNS vs. QLYS
VRNS (Varonis Systems, Inc.) and QLYS (Qualys, Inc.) are both stocks. Both operate in the Software - Infrastructure industry within the Technology sector. Over the past 10 years, VRNS returned 14.66%/yr vs 13.26%/yr for QLYS. A 0.52 correlation means they provide meaningful diversification when combined.
Performance
VRNS vs. QLYS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VRNS achieves a 0.73% return, which is significantly higher than QLYS's -17.00% return. Over the past 10 years, VRNS has outperformed QLYS with an annualized return of 14.66%, while QLYS has yielded a comparatively lower 13.26% annualized return.
VRNS
- 1D
- 1.07%
- 1M
- 15.81%
- YTD
- 0.73%
- 6M
- 4.79%
- 1Y
- -34.76%
- 3Y*
- 9.02%
- 5Y*
- -7.89%
- 10Y*
- 14.66%
QLYS
- 1D
- 0.37%
- 1M
- 17.00%
- YTD
- -17.00%
- 6M
- -26.34%
- 1Y
- -22.24%
- 3Y*
- -4.87%
- 5Y*
- 1.64%
- 10Y*
- 13.26%
VRNS vs. QLYS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VRNS Varonis Systems, Inc. | 0.73% | -26.18% | -1.88% | 89.14% | -50.92% | -10.56% | 110.54% | 46.90% | 8.96% | 81.16% |
QLYS Qualys, Inc. | -17.00% | -5.22% | -28.56% | 74.89% | -18.21% | 12.60% | 46.18% | 11.55% | 25.93% | 87.52% |
Correlation
The correlation between VRNS and QLYS 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 Mar 3, 2014 | 0.52 |
The correlation between VRNS and QLYS has been stable across timeframes, ranging from 0.52 to 0.61 - a consistent structural relationship.
Fundamentals
VRNS:
$3.83B
QLYS:
$3.94B
VRNS:
-$1.16
QLYS:
$5.57
VRNS:
5.89
QLYS:
5.82
VRNS:
8.44
QLYS:
6.91
VRNS:
$660.24M
QLYS:
$684.86M
VRNS:
$515.71M
QLYS:
$569.03M
VRNS:
-$119.10M
QLYS:
$252.31M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VRNS vs. QLYS — Risk / Return Rank
VRNS
QLYS
VRNS vs. QLYS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Varonis Systems, Inc. (VRNS) and Qualys, Inc. (QLYS). 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.
| VRNS | QLYS | 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 | 0.95 | 0.94 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.51 | -0.44 | -0.07 |
| Martin ratioReturn relative to average drawdown | -0.82 | -0.93 | +0.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| VRNS | QLYS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.51 | -0.49 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.15 | 0.04 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | 0.34 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.13 | 0.38 | -0.25 |
Drawdowns
VRNS vs. QLYS - Drawdown Comparison
The maximum VRNS drawdown since its inception was -78.19%, which is greater than QLYS's maximum drawdown of -68.48%. Use the drawdown chart below to compare losses from any high point for VRNS and QLYS.
Loading charts...
Drawdown Indicators
| VRNS | QLYS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.19% | -68.48% | -9.71% |
Max Drawdown (1Y)Largest decline over 1 year | -68.11% | -50.46% | -17.65% |
Max Drawdown (3Y)Largest decline over 3 years | -68.11% | -62.99% | -5.12% |
Max Drawdown (5Y)Largest decline over 5 years | -78.19% | -62.99% | -15.20% |
Max Drawdown (10Y)Largest decline over 10 years | -78.19% | -62.99% | -15.20% |
Current DrawdownCurrent decline from peak | -54.99% | -46.42% | -8.57% |
Average DrawdownAverage peak-to-trough decline | -37.33% | -20.86% | -16.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.60% | 24.07% | +18.53% |
Volatility
VRNS vs. QLYS - Volatility Comparison
Varonis Systems, Inc. (VRNS) and Qualys, Inc. (QLYS) have volatilities of 15.22% and 15.42%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VRNS | QLYS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.22% | 15.42% | -0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 41.38% | 36.63% | +4.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.92% | 45.46% | +22.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.72% | 39.91% | +12.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.44% | 39.09% | +8.35% |
Dividends
VRNS vs. QLYS - Dividend Comparison
Neither VRNS nor QLYS has paid dividends to shareholders.
Financials
VRNS vs. QLYS - Financials Comparison
This section allows you to compare key financial metrics between Varonis Systems, Inc. and Qualys, 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
VRNS vs. QLYS - Profitability Comparison
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 - 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 - 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 - 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 - 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%.
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%.
Frequently Asked Questions
VRNS and QLYS 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.
QLYS has higher volatility (15.42%) compared to VRNS (15.22%). In terms of maximum drawdown, VRNS dropped -78.19% vs QLYS's -68.48%.
QLYS currently has the higher Sharpe Ratio (-0.49 vs -0.51), 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.
Find the right allocation for VRNS and QLYS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer