AKAM vs FTNT: Correlation
How closely do Akamai Technologies (AKAM) and Fortinet (FTNT) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AKAM and FTNT?
Across a 3-year window, the weekly returns of AKAM and FTNT correlate at 0.41, moderate. The past 12 months show a tighter link (0.55) than the 3-year average (0.41). Stretching to 5 years gives 0.45, with an annualized covariance of 792.2 %².
By 3-year correlation, FTNT places #8 of the 30 assets tracked against AKAM. Their recent paths diverged sharply: over the last 12 months FTNT outperformed by 79.0 percentage points (+42.1% for AKAM against +121.1% for FTNT). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.11 to 0.63.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AKAM vs FTNT: side by side
| AKAM (Akamai Technologies) | FTNT (Fortinet) | |
|---|---|---|
| 1-year return | +42.1% | +121.1% |
| 5-year return | -1.6% | +170.5% |
| Volatility (ann.) | 45.7% | 42.1% |
| Beta vs S&P 500 | 0.58 | 1.02 |
| Max drawdown (3Y) | -46.8% | -35.1% |
| Market cap | $16.0B | $126.8B |
| P/E (trailing) | 40.3 | 60.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | AKAM | FTNT |
|---|---|---|
| 2022 | -28.0% | -32.0% |
| 2023 | +40.4% | +19.7% |
| 2024 | -19.2% | +61.4% |
| 2025 | -8.8% | -16.0% |
| 2026 | +27.5% | +117.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AKAM and FTNT good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AKAM and FTNT?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.55 over the last year and 0.45 over 5 years.
Is FTNT a good diversifier for AKAM?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: AKAM correlations · FTNT correlations
