ZS vs. MRVL
ZS (Zscaler, Inc.) and MRVL (Marvell Technology, Inc.) are both stocks. Both are in the Technology sector — ZS in Software - Infrastructure, MRVL in Semiconductors. Over the past 5 years, ZS returned -8.30%/yr vs 27.77%/yr for MRVL. At a 0.40 correlation, their price movements are largely independent.
Performance
ZS vs. MRVL - Performance Comparison
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Returns By Period
In the year-to-date period, ZS achieves a -33.39% return, which is significantly lower than MRVL's 129.73% return.
ZS
- 1D
- -0.08%
- 1M
- 20.00%
- 6M
- -29.98%
- YTD
- -33.39%
- 1Y
- -48.11%
- 3Y*
- 0.18%
- 5Y*
- -8.30%
- 10Y*
- —
- ALL TIME*
- 22.53%
MRVL
- 1D
- 3.32%
- 1M
- -37.22%
- 6M
- 142.46%
- YTD
- 129.73%
- 1Y
- 161.70%
- 3Y*
- 45.86%
- 5Y*
- 27.77%
- 10Y*
- 33.45%
- ALL TIME*
- 11.38%
ZS vs. MRVL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ZS Zscaler, Inc. | -33.39% | 24.67% | -18.57% | 98.00% | -65.18% | 60.90% | 329.48% | 18.59% | 42.58% |
MRVL Marvell Technology, Inc. | 129.73% | -22.82% | 83.79% | 63.68% | -57.48% | 84.62% | 80.25% | 65.74% | -29.29% |
Correlation
The correlation between ZS and MRVL is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Mar 16, 2018 | 0.40 |
Over the past year, the correlation between ZS and MRVL has dropped to 0.10 - well below their long-term average of 0.40, suggesting their price drivers have been diverging.
Fundamentals
ZS:
$24.23B
MRVL:
$170.72B
ZS:
-$0.49
MRVL:
$2.90
ZS:
7.50
MRVL:
19.51
ZS:
10.18
MRVL:
9.56
ZS:
$3.17B
MRVL:
$8.72B
ZS:
$2.43B
MRVL:
$4.41B
ZS:
$69.08M
MRVL:
$4.27B
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Return for Risk
ZS vs. MRVL — Risk / Return Rank
ZS
MRVL
ZS vs. MRVL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Zscaler, Inc. (ZS) and Marvell Technology, Inc. (MRVL). 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.
| ZS | MRVL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.94 | ||
| Sortino ratioReturn per unit of downside risk | -3.60 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.36 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | -0.74 | 4.02 | -4.76 |
| Martin ratioReturn relative to average drawdown | -1.18 | 12.20 | -13.37 |
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Drawdowns
ZS vs. MRVL - Drawdown Comparison
The maximum ZS drawdown since its inception was -76.41%, smaller than the maximum MRVL drawdown of -91.60%. Use the drawdown chart below to compare losses from any high point for ZS and MRVL.
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Drawdown Indicators
| ZS | MRVL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.41% | -91.60% | +15.19% |
Max Drawdown (1Y)Largest decline over 1 year | -64.89% | -40.48% | -24.41% |
Max Drawdown (3Y)Largest decline over 3 years | -64.89% | -60.79% | -4.10% |
Max Drawdown (5Y)Largest decline over 5 years | -76.41% | -61.88% | -14.53% |
Max Drawdown (10Y)Largest decline over 10 years | — | -61.88% | — |
Current DrawdownCurrent decline from peak | -59.37% | -38.38% | -20.99% |
Average DrawdownAverage peak-to-trough decline | -33.02% | -46.64% | +13.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.81% | 13.32% | +27.49% |
Volatility
ZS vs. MRVL - Volatility Comparison
The current volatility for Zscaler, Inc. (ZS) is 14.43%, while Marvell Technology, Inc. (MRVL) has a volatility of 26.62%. This indicates that ZS experiences smaller price fluctuations and is considered to be less risky than MRVL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZS | MRVL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.43% | 26.62% | -12.19% |
Volatility (6M)Calculated over the trailing 6-month period | 58.88% | 62.78% | -3.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.29% | 76.08% | -15.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.40% | 63.26% | -6.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.68% | 52.55% | +6.13% |
Dividends
ZS vs. MRVL - Dividend Comparison
ZS has not paid dividends to shareholders, while MRVL's dividend yield for the trailing twelve months is around 0.12%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MRVL Marvell Technology, Inc. | 0.12% | 0.28% | 0.22% | 0.40% | 0.65% | 0.21% | 0.50% | 0.90% | 1.48% | 1.12% | 1.73% | 2.72% |
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. MRVL - Financials Comparison
This section allows you to compare key financial metrics between Zscaler, Inc. and Marvell Technology, 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
ZS vs. MRVL - Profitability Comparison
ZS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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%.
MRVL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Marvell Technology, Inc. reported a gross profit of 1.26B and revenue of 2.42B. Therefore, the gross margin over that period was 52.2%.
ZS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Zscaler, Inc. reported an operating income of -29.64M and revenue of 850.48M, resulting in an operating margin of -3.5%.
MRVL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Marvell Technology, Inc. reported an operating income of 339.40M and revenue of 2.42B, resulting in an operating margin of 14.0%.
ZS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Zscaler, Inc. reported a net income of -13.88M and revenue of 850.48M, resulting in a net margin of -1.6%.
MRVL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Marvell Technology, Inc. reported a net income of 34.50M and revenue of 2.42B, resulting in a net margin of 1.4%.
Frequently Asked Questions
ZS and MRVL have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MRVL has higher volatility (26.62%) compared to ZS (14.43%). In terms of maximum drawdown, ZS dropped -76.41% vs MRVL's -91.60%.
MRVL currently has the higher Sharpe Ratio (2.14 vs -0.80), 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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