ZS vs. S
ZS (Zscaler, Inc.) and S (SentinelOne, Inc.) are both stocks. Both operate in the Software - Infrastructure industry within the Technology sector. Over the past 5 years, ZS returned -8.30%/yr vs -16.20%/yr for S. A 0.70 correlation means they provide meaningful diversification when combined.
Performance
ZS vs. S - 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 S's 29.73% 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%
S
- 1D
- -0.56%
- 1M
- 29.56%
- 6M
- 40.00%
- YTD
- 29.73%
- 1Y
- 8.05%
- 3Y*
- 9.21%
- 5Y*
- -16.20%
- 10Y*
- —
- ALL TIME*
- -15.65%
ZS vs. S - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ZS Zscaler, Inc. | -33.39% | 24.67% | -18.57% | 98.00% | -65.18% | 45.11% |
S SentinelOne, Inc. | 29.73% | -32.43% | -19.10% | 88.07% | -71.10% | 9.76% |
Correlation
The correlation between ZS and S is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2021 | 0.70 |
The correlation between ZS and S has been stable across timeframes, ranging from 0.64 to 0.70 - a consistent structural relationship.
Fundamentals
ZS:
$24.23B
S:
$6.55B
ZS:
-$0.49
S:
-$0.95
ZS:
7.50
S:
6.19
ZS:
10.18
S:
4.56
ZS:
$3.17B
S:
$1.05B
ZS:
$2.43B
S:
$776.52M
ZS:
$69.08M
S:
-$229.16M
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Return for Risk
ZS vs. S — Risk / Return Rank
ZS
S
ZS vs. S - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Zscaler, Inc. (ZS) 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.
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 | S | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.97 | ||
| Sortino ratioReturn per unit of downside risk | -1.50 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.07 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.74 | 0.20 | -0.95 |
| Martin ratioReturn relative to average drawdown | -1.18 | 0.37 | -1.55 |
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Drawdowns
ZS vs. S - Drawdown Comparison
The maximum ZS drawdown since its inception was -76.41%, smaller than the maximum S drawdown of -84.35%. Use the drawdown chart below to compare losses from any high point for ZS and S.
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Drawdown Indicators
| ZS | S | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.41% | -84.35% | +7.94% |
Max Drawdown (1Y)Largest decline over 1 year | -64.89% | -39.64% | -25.25% |
Max Drawdown (3Y)Largest decline over 3 years | -64.89% | -60.20% | -4.69% |
Max Drawdown (5Y)Largest decline over 5 years | -76.41% | -84.35% | +7.94% |
Current DrawdownCurrent decline from peak | -59.37% | -74.50% | +15.13% |
Average DrawdownAverage peak-to-trough decline | -33.02% | -66.49% | +33.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.81% | 21.55% | +19.26% |
Volatility
ZS vs. S - Volatility Comparison
Zscaler, Inc. (ZS) and SentinelOne, Inc. (S) have volatilities of 14.43% and 14.56%, 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.
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Volatility by Period
| ZS | S | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.43% | 14.56% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 58.88% | 37.74% | +21.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.29% | 49.57% | +10.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.40% | 63.14% | -6.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.68% | 63.58% | -4.90% |
Dividends
ZS vs. S - Dividend Comparison
Neither ZS nor S has paid dividends to shareholders.
Financials
ZS vs. S - Financials Comparison
This section allows you to compare key financial metrics between Zscaler, 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
ZS vs. S - 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%.
S - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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%.
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%.
S - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, SentinelOne, Inc. reported an operating income of -77.79M and revenue of 276.66M, resulting in an operating margin of -28.1%.
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%.
S - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 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
ZS and S have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
S has higher volatility (14.56%) compared to ZS (14.43%). In terms of maximum drawdown, ZS dropped -76.41% vs S's -84.35%.
S currently has the higher Sharpe Ratio (0.16 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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