DMC vs PANW: Correlation
How closely do Del Monte Corporation (DMC) and Palo Alto Networks (PANW) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DMC and PANW?
Across a 3-year window, the weekly returns of DMC and PANW correlate at -0.20, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.21) sits close to the 3-year figure. Stretching to 5 years gives -0.08, with an annualized covariance of -213.8 %².
Out of 17 assets tracked against DMC, PANW lands near the bottom at #13. Correlation aside, the last 12 months split them widely, with PANW ahead by 115.2 points (-11.1% versus +104.1%). One caveat on sizing: PANW is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
DMC vs PANW: side by side
| DMC (Del Monte Corporation) | PANW (Palo Alto Networks) | |
|---|---|---|
| 1-year return | -11.1% | +104.1% |
| 5-year return | +13.3% | +400.7% |
| Volatility (ann.) | 25.4% | 42.0% |
| Beta vs S&P 500 | -0.11 | 1.32 |
| Max drawdown (3Y) | -36.5% | -36.0% |
| Market cap | $1.5B | $312.0B |
| P/E (trailing) | 44.2 | 294.5 |
| Dividend yield | 3.80% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | DMC | PANW |
|---|---|---|
| 2022 | -3.0% | -24.8% |
| 2023 | +3.1% | +111.3% |
| 2024 | +31.3% | +23.4% |
| 2025 | +11.1% | +1.2% |
| 2026 | -9.6% | +107.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DMC and PANW good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DMC and PANW?
As of 2026-08-27, the correlation of weekly returns between DMC and PANW is -0.20 over 3 years, -0.21 over 1 year and -0.08 over 5 years.
Is PANW a good diversifier for DMC?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 mean?
On the −1 to +1 scale, -0.20 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/dmc-vs-panw.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dmc-vs-panw/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DMC correlations · PANW correlations
