AKAM vs PANW: Correlation
Akamai Technologies (AKAM) and Palo Alto Networks (PANW) show a moderate relationship: their 3-year correlation of weekly returns is 0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AKAM and PANW?
On 3 years of weekly data the AKAM/PANW correlation comes out at 0.32, moderate. The relationship has been stable: the 1-year correlation (0.28) sits close to the 3-year figure. The 5-year figure is 0.36, and annualized covariance runs at 619.6 %².
By 3-year correlation, PANW places #17 of the 30 assets tracked against AKAM. Their recent paths diverged sharply: over the last 12 months PANW outperformed by 62.0 percentage points (+42.1% for AKAM against +104.1% for PANW). Across three years, the rolling one-year figure varied moderately, from 0.14 to 0.46.
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 PANW: side by side
| AKAM (Akamai Technologies) | PANW (Palo Alto Networks) | |
|---|---|---|
| 1-year return | +42.1% | +104.1% |
| 5-year return | -1.6% | +400.7% |
| Volatility (ann.) | 45.7% | 42.0% |
| Beta vs S&P 500 | 0.58 | 1.32 |
| Max drawdown (3Y) | -46.8% | -36.0% |
| Market cap | $16.0B | $312.0B |
| P/E (trailing) | 40.3 | 294.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | AKAM | PANW |
|---|---|---|
| 2022 | -28.0% | -24.8% |
| 2023 | +40.4% | +111.3% |
| 2024 | -19.2% | +23.4% |
| 2025 | -8.8% | +1.2% |
| 2026 | +27.5% | +107.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AKAM and PANW good diversifiers for each other?
Reasonably. At 0.32, AKAM and PANW keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AKAM and PANW?
Using weekly returns as of 2026-08-27: 0.32 over 3 years, with 0.28 over the last year and 0.36 over 5 years.
Is PANW a good diversifier for AKAM?
Reasonably. At 0.32, AKAM and PANW keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.32 mean?
On the −1 to +1 scale, 0.32 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/akam-vs-panw.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/akam-vs-panw/)
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Related comparisons
Hubs: AKAM correlations · PANW correlations
