FTNT correlations (Fortinet)
FTNT measured against 4756 US stocks and ETFs: closest co-movers on one side, the best offsets on the other, all from weekly returns.
Data as of 2026-08-27 · refreshed every trading day · Information Technology · Systems Software
Volatility (ann.)
42.1%
3y weekly
Beta vs S&P 500
1.02
3y weekly
1-year return
+121.1%
price, adjusted
5-year return
+170.5%
price, adjusted
Market cap
$126.8B
latest
P/E ratio
60.8
trailing
Max drawdown
-35.1%
3y, daily closes
FTNT over the last 12 months, weekly closes indexed to 100 at the start.
Stocks and ETFs most correlated with FTNT
| Asset | Correlation (3Y) | ||
|---|---|---|---|
| CRWD | CrowdStrike | 0.57 | |
| PANW | Palo Alto Networks | 0.56 | |
| DT | Dynatrace, Inc. | 0.53 | |
| DDOG | Datadog | 0.51 | |
| AVPT | AvePoint, Inc. | 0.49 | |
| S | SentinelOne, Inc. | 0.47 | |
| OKTA | Okta, Inc. | 0.46 | |
| FLEX | Flex Ltd. | 0.46 | |
| TENB | Tenable Holdings, Inc. | 0.45 | |
| SMWB | Similarweb Ltd. | 0.45 | |
| INOD | Innodata Inc. | 0.44 | |
| ZS | Zscaler, Inc. | 0.44 | |
| CRM | Salesforce | 0.43 | |
| AKAM | Akamai Technologies | 0.41 | |
| CEVA | CEVA, Inc. | 0.41 |
Best diversifiers for FTNT
The least-correlated liquid assets in our universe, meaning the ones that historically moved most independently from FTNT.
| Asset | Correlation (3Y) | ||
|---|---|---|---|
| FNGD | MicroSectors FANG Index -3X Inverse Leveraged ETNs due | -0.38 | |
| AORT | Artivion, Inc. | -0.36 | |
| IBP | Installed Building Products, Inc. | -0.30 | |
| VITL | Vital Farms, Inc. | -0.29 | |
| EMBC | Embecta Corp. | -0.27 | |
| SEB | Seaboard Corporation | -0.26 | |
| BCE | BCE, Inc. | -0.24 | |
| BTAI | BioXcel Therapeutics, Inc. | -0.24 | |
| GTN | Gray Media, Inc. | -0.23 | |
| VXX | iPath Series B S&P 500 VIX Short-Term Futures ETN | -0.23 |
FTNT vs benchmarks
FTNT vs its peers
Get FTNT data as JSON
$ curl https://www.pairbook.io/api/v1/symbols/ftnt.jsonCorrelations, diversifiers, beta and volatility for FTNT, plus one endpoint per pair. API documentation.
FTNT inside major ETFs
| ETF | FTNT weight | |
|---|---|---|
| QUAL | iShares MSCI USA Quality Factor ETF | 1.1% |
| USMV | iShares MSCI USA Min Vol Factor ETF | 0.76% |
| XLK | Technology Select Sector SPDR Fund | 0.66% |
| QQQ | Invesco QQQ Trust | 0.51% |
| QQQM | Invesco Nasdaq 100 ETF | 0.51% |
| VUG | Vanguard Growth ETF | 0.3% |
| RSP | Invesco S&P 500 Equal Weight ETF | 0.21% |
| SPYG | SPDR Portfolio S&P 500 Growth ETF | 0.17% |
| VOO | Vanguard S&P 500 ETF | 0.16% |
| IVV | iShares Core S&P 500 ETF | 0.15% |
