FTNT vs SPY: Fortinet Inc. vs SPDR S&P 500 ETF Trust Historical Returns & Investment Comparison
This FTNT vs SPY comparison analyzes the historical stock performance of Fortinet Inc. and SPDR S&P 500 ETF Trust side-by-side. Using real, adjusted market data, this tool shows how identical investments in both stocks would have performed over time—highlighting differences in returns, volatility, and consistency across market cycles.
Use the interactive calculator below to adjust the investment amount and time period, visualizing how Fortinet Inc. and SPDR S&P 500 ETF Trust have historically performed against each other.
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Performance Summary
$10,000 invested from 2009 to 2025 (17 years)
Head-to-Head Record
Over the 17-year comparison period, Fortinet Inc. outperformed SPDR S&P 500 ETF Trust in 9 years, while SPDR S&P 500 ETF Trust outperformed Fortinet Inc. in 8 years.
FTNT - Fortinet Inc.
SPY - SPDR S&P 500 ETF Trust
Overall Winner: FTNT with an average annual return of 32.44% (vs 11.71% for SPY)
Understanding FTNT vs SPY Performance
When comparing Fortinet Inc. and SPDR S&P 500 ETF Trust, investors should consider multiple factors beyond just total returns. Volatility, consistency of growth, dividend payments, and sector-specific risks all play crucial roles in determining which stock might be better suited for your investment strategy and risk tolerance.
Historical performance data shows how each stock responded to market downturns, economic expansions, and company-specific events. While past performance doesn't guarantee future results, understanding these patterns can help inform investment decisions and portfolio allocation strategies.
Cumulative Growth Comparison
A $10,000 investment in Fortinet Inc. grew to $532,483, compared to $250,597 for SPDR S&P 500 ETF Trust over the same period.
Year-by-Year Comparison
| Year | FTNT Return | FTNT Cumulative | SPY Return | SPY Cumulative | Difference | Winner |
|---|---|---|---|---|---|---|
| 2009 (Start) | - | $10,000.00 | - | $10,000.00 | - | Initial Investment |
| 2010 | +5.72% | $10,571.60 | +22.65% | $32,359.23 | -16.94% (SPY) | SPY |
| 2011 | +79.72% | $18,999.52 | +13.14% | $36,610.39 | +66.58% (FTNT) | FTNT |
| 2012 | +31.78% | $25,038.03 | +0.85% | $36,922.44 | +30.93% (FTNT) | FTNT |
| 2013 | +1.20% | $25,339.41 | +14.17% | $42,154.69 | -12.97% (SPY) | SPY |
| 2014 | -9.72% | $22,876.02 | +29.00% | $54,380.19 | -38.72% (SPY) | SPY |
| 2015 | +61.20% | $36,875.86 | +14.56% | $62,298.86 | +46.64% (FTNT) | FTNT |
| 2016 | +1.23% | $37,330.97 | +1.29% | $63,101.60 | -0.05% (SPY) | SPY |
| 2017 | -0.36% | $37,195.13 | +13.59% | $71,674.43 | -13.95% (SPY) | SPY |
| 2018 | +45.05% | $53,952.69 | +20.78% | $86,569.38 | +24.27% (FTNT) | FTNT |
| 2019 | +58.80% | $85,679.56 | -5.25% | $82,026.91 | +64.05% (FTNT) | FTNT |
| 2020 | +53.21% | $131,273.67 | +31.09% | $107,527.02 | +22.13% (FTNT) | FTNT |
| 2021 | +35.42% | $177,772.40 | +17.24% | $126,059.55 | +18.19% (FTNT) | FTNT |
| 2022 | +146.91% | $438,935.14 | +30.51% | $164,514.60 | +116.40% (FTNT) | FTNT |
| 2023 | -26.62% | $322,099.22 | -18.65% | $133,838.54 | -7.97% (SPY) | SPY |
| 2024 | +20.63% | $388,550.43 | +26.71% | $169,585.78 | -6.08% (SPY) | SPY |
| 2025 | +63.52% | $635,345.22 | +25.59% | $212,981.61 | +37.93% (FTNT) | FTNT |
| 2026 | -16.19% | $532,482.99 | +17.66% | $250,597.02 | -33.85% (SPY) | SPY |
Annual returns include dividends and stock splits. Cumulative values show growth of $10,000 invested from the first year. Positive difference means FTNT outperformed SPY that year.
Company Profiles
Fortinet Inc.
FTNT
Fortinet Inc. is a global leader in broad, integrated, and automated cybersecurity solutions. The company provides a comprehensive portfolio of security products and services, including firewalls, intrusion prevention systems, endpoint security, and security management solutions. Fortinet's security fabric approach enables organizations to achieve seamless protection across their entire digital attack surface, from the network core to the cloud and endpoints. It serves enterprises, service providers, and government organizations worldwide.
Key Innovations
- ✓Pioneered the concept of a Security Fabric, integrating various security technologies into a unified platform for comprehensive protection.
- ✓Continuously develops advanced threat intelligence and artificial intelligence capabilities to detect and mitigate evolving cyber threats in real-time.
Business Segments
- ProductIncludes sales of network security appliances (FortiGate firewalls), access points, and other hardware products.
- ServiceComprises subscriptions for security services (threat intelligence, advanced malware protection), technical support, and professional services.
SPDR S&P 500 ETF Trust
SPY
SPY is the first exchange-traded fund (ETF) listed in the US. It is designed to track the S&P 500 Index, which measures the performance of the large-cap segment of the US equity market.
Key Innovations
- ✓First US-listed ETF
Business Segments
- ETFPassive investment vehicle tracking the S&P 500.
How This Comparison Works
Our stock comparison tool uses adjusted closing prices to calculate year-by-year returns for both stocks. This ensures an apples-to-apples comparison that accounts for:
- ✓Dividends: All dividend payments are reinvested
- ✓Stock splits: Historical prices are adjusted for all splits
- ✓Head-to-head record: Shows which stock outperformed each year
- ✓Statistical analysis: Average returns, best/worst years, and win rates
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Important Disclaimer
This comparison tool is for educational and informational purposes only and does not constitute financial, investment, or trading advice. Past performance is not indicative of future results. Historical returns include dividends and stock splits but do not account for taxes, fees, inflation, or individual circumstances. Stock market investments carry risk, including the potential loss of principal. Always consult with a qualified financial advisor before making investment decisions. The data presented is based on historical market data and may contain inaccuracies or delays.