VRNS vs. S
VRNS (Varonis Systems, Inc.) and S (SentinelOne, Inc.) are both stocks. Both operate in the Software - Infrastructure industry within the Technology sector. Over the past 3 years, VRNS returned 9.02%/yr vs 2.68%/yr for S. A 0.63 correlation means they provide meaningful diversification when combined.
Performance
VRNS vs. S - Performance Comparison
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Returns By Period
In the year-to-date period, VRNS achieves a 0.73% return, which is significantly lower than S's 5.00% 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%
S
- 1D
- -1.25%
- 1M
- -5.06%
- YTD
- 5.00%
- 6M
- 5.85%
- 1Y
- -14.22%
- 3Y*
- 2.68%
- 5Y*
- —
- 10Y*
- —
VRNS vs. S - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VRNS Varonis Systems, Inc. | 0.73% | -26.18% | -1.88% | 89.14% | -50.92% | -15.34% |
S SentinelOne, Inc. | 5.00% | -32.43% | -19.10% | 88.07% | -71.10% | 18.80% |
Correlation
The correlation between VRNS and S is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2021 | 0.63 |
The correlation between VRNS and S has been stable across timeframes, ranging from 0.56 to 0.63 - a consistent structural relationship.
Fundamentals
VRNS:
$3.83B
S:
$5.31B
VRNS:
-$1.16
S:
-$0.95
VRNS:
5.89
S:
5.01
VRNS:
8.44
S:
3.69
VRNS:
$660.24M
S:
$1.05B
VRNS:
$515.71M
S:
$776.52M
VRNS:
-$119.10M
S:
-$279.24M
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Return for Risk
VRNS vs. S — Risk / Return Rank
VRNS
S
VRNS vs. S - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Varonis Systems, Inc. (VRNS) and SentinelOne, Inc. (S). 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 | S | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 0.99 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.51 | -0.36 | -0.15 |
| Martin ratioReturn relative to average drawdown | -0.82 | -0.69 | -0.13 |
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
| VRNS | S | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.51 | -0.30 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.15 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.13 | -0.29 | +0.42 |
Drawdowns
VRNS vs. S - Drawdown Comparison
The maximum VRNS drawdown since its inception was -78.19%, smaller than the maximum S drawdown of -84.35%. Use the drawdown chart below to compare losses from any high point for VRNS and S.
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Drawdown Indicators
| VRNS | S | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.19% | -84.35% | +6.16% |
Max Drawdown (1Y)Largest decline over 1 year | -68.11% | -39.64% | -28.47% |
Max Drawdown (3Y)Largest decline over 3 years | -68.11% | -60.20% | -7.91% |
Max Drawdown (5Y)Largest decline over 5 years | -78.19% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -78.19% | — | — |
Current DrawdownCurrent decline from peak | -54.99% | -79.36% | +24.37% |
Average DrawdownAverage peak-to-trough decline | -37.33% | -66.27% | +28.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.60% | 20.77% | +21.83% |
Volatility
VRNS vs. S - Volatility Comparison
The current volatility for Varonis Systems, Inc. (VRNS) is 15.22%, while SentinelOne, Inc. (S) has a volatility of 17.13%. This indicates that VRNS experiences smaller price fluctuations and is considered to be less risky than S based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VRNS | S | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.22% | 17.13% | -1.91% |
Volatility (6M)Calculated over the trailing 6-month period | 41.38% | 38.52% | +2.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.92% | 47.56% | +20.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.72% | 63.79% | -11.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.44% | 63.79% | -16.35% |
Dividends
VRNS vs. S - Dividend Comparison
Neither VRNS nor S has paid dividends to shareholders.
Financials
VRNS vs. S - Financials Comparison
This section allows you to compare key financial metrics between Varonis Systems, Inc. and SentinelOne, 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. S - 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%.
S - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, SentinelOne, Inc. reported a gross profit of 198.69M and revenue of 276.66M. Therefore, the gross margin over that period was 71.8%.
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%.
S - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, SentinelOne, Inc. reported an operating income of -79.72M and revenue of 276.66M, resulting in an operating 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%.
S - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, SentinelOne, Inc. reported a net income of -76.16M and revenue of 276.66M, resulting in a net margin of -27.5%.
Frequently Asked Questions
VRNS and S have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
S has higher volatility (17.13%) compared to VRNS (15.22%). In terms of maximum drawdown, VRNS dropped -78.19% vs S's -84.35%.
S currently has the higher Sharpe Ratio (-0.30 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.
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