CRWD vs PLTR: Correlation
CrowdStrike (CRWD) and Palantir Technologies (PLTR) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRWD and PLTR?
Across a 3-year window, the weekly returns of CRWD and PLTR correlate at 0.50, moderate. The relationship has been stable: the 1-year correlation (0.52) sits close to the 3-year figure. Stretching to 5 years gives 0.54, with an annualized covariance of 1779.6 %².
Within CRWD's tracked universe of 31 assets, PLTR comes in at #18 by 3-year correlation. The last year tells two different stories: CRWD led by 97.2 percentage points, +115.8% for CRWD against +18.6% for PLTR. On a rolling one-year basis the correlation drifted between 0.32 and 0.68, a moderate band.
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.
CRWD vs PLTR: side by side
| CRWD (CrowdStrike) | PLTR (Palantir Technologies) | |
|---|---|---|
| 1-year return | +115.8% | +18.6% |
| 5-year return | +218.4% | +621.8% |
| Volatility (ann.) | 50.2% | 71.3% |
| Beta vs S&P 500 | 1.87 | 2.47 |
| Max drawdown (3Y) | -44.4% | -48.2% |
| Market cap | $233.4B | $446.8B |
| P/E (trailing) | 3256.6 | 151.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | CRWD | PLTR |
|---|---|---|
| 2022 | -48.6% | -64.7% |
| 2023 | +142.5% | +167.4% |
| 2024 | +34.0% | +340.5% |
| 2025 | +37.0% | +135.0% |
| 2026 | +94.5% | +4.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRWD and PLTR good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CRWD and PLTR?
The CRWD/PLTR correlation stands at 0.50 on a 3-year window (1 year: 0.52, 5 years: 0.54), computed from weekly returns as of 2026-08-27.
Is PLTR a good diversifier for CRWD?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
A reading of 0.50 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: CRWD correlations · PLTR correlations
