ZS vs. CYBR

Last updated Jun 9, 2026

ZS (Zscaler, Inc.) and CYBR (CyberArk Software Ltd.) are both stocks. Both operate in the Software - Infrastructure industry within the Technology sector. A 0.59 correlation means they provide meaningful diversification when combined.

Performance

ZS vs. CYBR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Zscaler, Inc. (ZS) and CyberArk Software Ltd. (CYBR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ZS

• 1D: -1.17%
• 1M: -15.04%
• YTD: -42.54%
• 6M: -47.22%
• 1Y: -57.35%
• 3Y*: -5.02%
• 5Y*: -7.99%
• 10Y*: —

CYBR

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ZS vs. CYBR - 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%	42.58%
CYBR CyberArk Software Ltd.	-8.34%	33.89%	52.09%	68.95%	-25.18%	7.23%	38.61%	57.24%	43.16%

Correlation

The correlation between ZS and CYBR is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.64
Correlation (All Time) Calculated using the full available price history since Mar 16, 2018	0.59

The correlation between ZS and CYBR shifts across timeframes, from 0.44 (1 year) to 0.64 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap ZS : $20.78B CYBR : $20.69B
EPS ZS : -$0.49 CYBR : -$2.92
PS Ratio ZS : 6.47 CYBR : 15.13
PB Ratio ZS : 8.78 CYBR : 8.61
Total Revenue (TTM) ZS : $3.17B CYBR : $1.36B
Gross Profit (TTM) ZS : $2.43B CYBR : $1.01B
EBITDA (TTM) ZS : $69.08M CYBR : $59.13M

Return for Risk

ZS vs. CYBR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ZS

ZS Risk / Return Rank: 6
ZS Sharpe Ratio Rank: 5
ZS Sortino Ratio Rank: 7
ZS Omega Ratio Rank: 5
ZS Calmar Ratio Rank: 7
ZS Martin Ratio Rank: 4

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ZS vs. CYBR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Zscaler, Inc. (ZS) and CyberArk Software Ltd. (CYBR). 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	CYBR	Difference
Sharpe ratio: Return per unit of total volatility	-0.98	—	—
Sortino ratio: Return per unit of downside risk	-1.36	—	—
Omega ratio: Gain probability vs. loss probability	0.79	—	—
Calmar ratio: Return relative to maximum drawdown	-0.89	—	—
Martin ratio: Return relative to average drawdown	-1.59	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	ZS	CYBR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.98	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.14	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	—	—

Drawdowns

Drawdown Indicators

	ZS	CYBR	Difference
Max Drawdown Largest peak-to-trough decline	-76.41%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-64.89%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-64.89%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-76.41%	—	—
Current Drawdown Current decline from peak	-64.95%	—	—
Average Drawdown Average peak-to-trough decline	-32.63%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	36.05%	—	—

Volatility

Volatility by Period

	ZS	CYBR	Difference
Volatility (1M) Calculated over the trailing 1-month period	44.44%	—	—
Volatility (6M) Calculated over the trailing 6-month period	57.30%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	58.72%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	56.10%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	58.42%	—	—

Dividends

ZS vs. CYBR - Dividend Comparison

Neither ZS nor CYBR has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

ZS vs. CYBR - Profitability Comparison

The chart below illustrates the profitability comparison between Zscaler, Inc. and CyberArk Software Ltd. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

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%.

CYBR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, CyberArk Software Ltd. reported a gross profit of 267.25M and revenue of 372.65M. Therefore, the gross margin over that period was 71.7%.

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%.

CYBR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, CyberArk Software Ltd. reported an operating income of 1.75M and revenue of 372.65M, resulting in an operating margin of 0.5%.

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%.

CYBR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, CyberArk Software Ltd. reported a net income of -17.11M and revenue of 372.65M, resulting in a net margin of -4.6%.

Frequently Asked Questions

Can I hold both ZS and CYBR in my portfolio?

ZS and CYBR have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.