FTNT vs SPY
Comparison between Fortinet Inc (FTNT, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceFTNT has outperformed SPY, delivering a return of +21.9% compared to +13.3%
FTNT vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap / Net Assets
FTNT
$67B
Winner
SPY
$652B
Expense Ratio
FTNT
N/A
SPY
0.09%
Max Drawdown
Winner
FTNT
51.20%
SPY
56.47%
Sharpe Ratio
FTNT
0.30
Winner
SPY
2.07
5Y Beta
FTNT
1.02
Winner
SPY
1.00
Industry
FTNT
Software - Infrastructure
SPY
N/A
P/E Ratio
FTNT
36.61
Winner
SPY
28.24
Forward P/E
FTNT
38.46
Winner
SPY
21.85
PEG Ratio
FTNT
4.72
SPY
N/A
5Y Dividends CAGR
FTNT
N/A
SPY
5.43%
5Y EPS CAGR
Winner
FTNT
32.49%
SPY
25.79%
Debt to Equity
FTNT
80.51%
Winner
SPY
22.35%
Free Cash Flow Yield
FTNT
2.91%
SPY
N/A
P/S Ratio
FTNT
9.68
Winner
SPY
3.55
P/B Ratio
FTNT
52.79
Winner
SPY
5.29
FTNT vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
FTNT
+36.59%
SPY
+9.11%
3M
Winner
FTNT
+32.75%
SPY
+6.59%
6M
Winner
FTNT
+39.47%
SPY
+10.56%
1Y
FTNT
+16.71%
Winner
SPY
+32.04%
5Y(CAGR)
Winner
FTNT
+21.90%
SPY
+13.35%
10Y(CAGR)
Winner
FTNT
+33.37%
SPY
+15.49%
Max(CAGR)
Winner
FTNT
+29.28%
SPY
+8.50%
FTNT vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | FTNT | SPY |
|---|---|---|
| 2026 | +46.47% | +8.27% |
| 2025 | -16.19% | +18.00% |
| 2024 | +63.52% | +25.59% |
| 2023 | +20.63% | +26.72% |
| 2022 | -26.62% | -18.64% |
| 2021 | +146.91% | +30.52% |
| 2020 | +35.42% | +17.28% |
| 2019 | +53.21% | +31.09% |
| 2018 | +58.80% | -5.24% |
| 2017 | +45.05% | +20.78% |
| 2016 | -0.36% | +13.59% |
| 2015 | +1.23% | +1.31% |
| 2014 | +61.20% | +14.56% |
| 2013 | -9.72% | +29.00% |
| 2012 | +1.20% | +14.17% |
| 2011 | +31.78% | +0.85% |
| 2010 | +79.72% | +13.14% |
| 2009 | +5.72% | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
FTNT vs SPY Drawdown Comparison
The maximum drawdown for FTNT was -51.20%, occurring on Feb 11, 2016. Recovery took 638 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current FTNT drawdown is -0.44%.
| Rank | FTNT | SPY |
|---|---|---|
| #1 | -51.20% Aug 5, 2015 - Feb 15, 2018 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -42.31% Jul 6, 2011 - Apr 2, 2012 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -41.88% Apr 5, 2012 - Dec 17, 2014 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -38.32% Jul 17, 2023 - Oct 9, 2024 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -37.61% Feb 6, 2020 - May 7, 2020 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -37.54% Dec 27, 2021 - Jun 15, 2023 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -35.07% Feb 19, 2025 - Aug 8, 2025 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -29.02% Oct 1, 2018 - Apr 12, 2019 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -26.85% Apr 15, 2019 - Nov 8, 2019 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -26.22% Jul 9, 2020 - Dec 22, 2020 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -25.41% Jan 8, 2010 - Aug 31, 2010 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -16.84% Nov 8, 2021 - Dec 27, 2021 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -14.86% Apr 5, 2011 - Apr 28, 2011 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -10.83% Mar 15, 2021 - Apr 6, 2021 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -10.49% May 20, 2020 - Jul 8, 2020 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between FTNT and SPY is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.
0.95
-101
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