FTNT vs VITL: Correlation
Measured on weekly returns over the past three years, Fortinet (FTNT) and Vital Farms, Inc. (VITL) carry a correlation of -0.29, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FTNT and VITL?
Over the past 3 years, FTNT and VITL moved with a correlation of -0.29, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.30 over 1 year against -0.29 over 3. Over 5 years the correlation is -0.16, and the annualized covariance of weekly returns is -700.9 %².
Out of 32 assets tracked against FTNT, VITL lands near the bottom at #29. The last year tells two different stories: FTNT led by 201.2 percentage points, +121.1% for FTNT against -80.1% for VITL.
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.
FTNT vs VITL: side by side
| FTNT (Fortinet) | VITL (Vital Farms, Inc.) | |
|---|---|---|
| 1-year return | +121.1% | -80.1% |
| 5-year return | +170.5% | -39.5% |
| Volatility (ann.) | 42.1% | 57.5% |
| Beta vs S&P 500 | 1.02 | 0.55 |
| Max drawdown (3Y) | -35.1% | -84.2% |
| Market cap | $126.8B | $0.4B |
| P/E (trailing) | 60.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | FTNT | VITL |
|---|---|---|
| 2022 | -32.0% | -17.4% |
| 2023 | +19.7% | +5.2% |
| 2024 | +61.4% | +140.2% |
| 2025 | -16.0% | -15.3% |
| 2026 | +117.6% | -67.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FTNT and VITL good diversifiers for each other?
Yes. With a correlation of -0.29, FTNT and VITL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FTNT and VITL?
As of 2026-08-27, the correlation of weekly returns between FTNT and VITL is -0.29 over 3 years, -0.30 over 1 year and -0.16 over 5 years.
Is VITL a good diversifier for FTNT?
Yes. With a correlation of -0.29, FTNT and VITL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.29 mean?
On the −1 to +1 scale, -0.29 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ftnt-vs-vitl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ftnt-vs-vitl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FTNT correlations · VITL correlations
