ZS vs. ASML
ZS (Zscaler, Inc.) and ASML (ASML Holding N.V.) are both stocks. Both are in the Technology sector — ZS in Software - Infrastructure, ASML in Semiconductor Equipment & Materials. Over the past 5 years, ZS returned -7.99%/yr vs 21.93%/yr for ASML. At a 0.38 correlation, their price movements are largely independent.
Performance
ZS vs. ASML - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ZS achieves a -42.54% return, which is significantly lower than ASML's 64.06% return.
ZS
- 1D
- -1.17%
- 1M
- -15.04%
- YTD
- -42.54%
- 6M
- -47.22%
- 1Y
- -57.35%
- 3Y*
- -5.02%
- 5Y*
- -7.99%
- 10Y*
- —
ASML
- 1D
- 6.54%
- 1M
- 9.86%
- YTD
- 64.06%
- 6M
- 56.76%
- 1Y
- 134.10%
- 3Y*
- 36.05%
- 5Y*
- 21.93%
- 10Y*
- 34.75%
ZS vs. ASML - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ZS Zscaler, Inc. | -42.54% | 24.67% | -18.57% | 98.00% | -65.18% | 60.90% | 329.48% | 18.59% | 18.82% |
ASML ASML Holding N.V. | 64.06% | 56.51% | -7.70% | 39.91% | -30.49% | 64.13% | 66.06% | 93.56% | -26.75% |
Correlation
The correlation between ZS and ASML is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 2018 | 0.38 |
Over the past year, the correlation between ZS and ASML has dropped to 0.03 - well below their long-term average of 0.38, suggesting their price drivers have been diverging.
Fundamentals
ZS:
$20.78B
ASML:
$674.60B
ZS:
-$0.49
ASML:
$25.86
ZS:
6.47
ASML:
20.10
ZS:
8.78
ASML:
32.39
ZS:
$3.17B
ASML:
$33.69B
ZS:
$2.43B
ASML:
$17.72B
ZS:
$69.08M
ASML:
$12.99B
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
ZS vs. ASML — Risk / Return Rank
ZS
ASML
ZS vs. ASML - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Zscaler, Inc. (ZS) and ASML Holding N.V. (ASML). 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.
| ZS | ASML | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.22 | ||
| Sortino ratioReturn per unit of downside risk | -4.98 | ||
| Omega ratioGain probability vs. loss probability | 0.79 | 1.45 | -0.66 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | 7.56 | -8.44 |
| Martin ratioReturn relative to average drawdown | -1.59 | 20.33 | -21.92 |
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
| ZS | ASML | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.98 | 3.24 | -4.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.14 | 0.52 | -0.67 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.90 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.56 | -0.25 |
Drawdowns
ZS vs. ASML - Drawdown Comparison
The maximum ZS drawdown since its inception was -76.41%, smaller than the maximum ASML drawdown of -90.00%. Use the drawdown chart below to compare losses from any high point for ZS and ASML.
Loading charts...
Drawdown Indicators
| ZS | ASML | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.41% | -90.00% | +13.59% |
Max Drawdown (1Y)Largest decline over 1 year | -64.89% | -17.85% | -47.04% |
Max Drawdown (3Y)Largest decline over 3 years | -64.89% | -45.38% | -19.51% |
Max Drawdown (5Y)Largest decline over 5 years | -76.41% | -56.84% | -19.57% |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.84% | — |
Current DrawdownCurrent decline from peak | -64.95% | -0.48% | -64.47% |
Average DrawdownAverage peak-to-trough decline | -32.63% | -28.14% | -4.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.05% | 6.62% | +29.43% |
Volatility
ZS vs. ASML - Volatility Comparison
Zscaler, Inc. (ZS) has a higher volatility of 44.44% compared to ASML Holding N.V. (ASML) at 15.94%. This indicates that ZS's price experiences larger fluctuations and is considered to be riskier than ASML based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ZS | ASML | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 44.44% | 15.94% | +28.50% |
Volatility (6M)Calculated over the trailing 6-month period | 57.30% | 33.30% | +24.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.72% | 41.73% | +16.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.10% | 42.23% | +13.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.42% | 38.62% | +19.80% |
Dividends
ZS vs. ASML - Dividend Comparison
ZS has not paid dividends to shareholders, while ASML's dividend yield for the trailing twelve months is around 0.50%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASML ASML Holding N.V. | 0.50% | 0.97% | 0.97% | 0.86% | 1.27% | 0.50% | 0.50% | 1.40% | 0.94% | 0.64% | 0.92% | 0.73% |
ZS Zscaler, 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% |
Financials
ZS vs. ASML - Financials Comparison
This section allows you to compare key financial metrics between Zscaler, Inc. and ASML Holding N.V.. 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
ZS vs. ASML - Profitability Comparison
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%.
ASML - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, ASML Holding N.V. reported a gross profit of 4.65B and revenue of 8.77B. Therefore, the gross margin over that period was 53.0%.
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%.
ASML - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, ASML Holding N.V. reported an operating income of 3.16B and revenue of 8.77B, resulting in an operating margin of 36.0%.
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%.
ASML - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, ASML Holding N.V. reported a net income of 2.76B and revenue of 8.77B, resulting in a net margin of 31.4%.
Frequently Asked Questions
ZS and ASML have a correlation of 0.03, 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 ASML (15.94%). In terms of maximum drawdown, ZS dropped -76.41% vs ASML's -90.00%.
ASML currently has the higher Sharpe Ratio (3.24 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.
Find the right allocation for ZS and ASML
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