IOT vs PANW: Correlation
Measured on weekly returns over the past three years, Samsara Inc. (IOT) and Palo Alto Networks (PANW) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IOT and PANW?
On 3 years of weekly data the IOT/PANW correlation comes out at 0.52, moderate. Little has changed lately, as the 1-year reading of 0.56 lands near the 3-year figure. The 5-year figure is 0.49, and annualized covariance runs at 1306.1 %².
Among the 18 assets we track against IOT, PANW ranks #11 by 3-year correlation. The last year tells two different stories: PANW led by 86.7 percentage points, +17.4% for IOT against +104.1% for PANW.
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.
IOT vs PANW: side by side
| IOT (Samsara Inc.) | PANW (Palo Alto Networks) | |
|---|---|---|
| 1-year return | +17.4% | +104.1% |
| 5-year return | +69.5% | +400.7% |
| Volatility (ann.) | 59.7% | 42.0% |
| Beta vs S&P 500 | 1.74 | 1.32 |
| Max drawdown (3Y) | -60.2% | -36.0% |
| Market cap | – | $312.0B |
| P/E (trailing) | 418.7 | 294.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | IOT | PANW |
|---|---|---|
| 2022 | -55.8% | -24.8% |
| 2023 | +168.5% | +111.3% |
| 2024 | +30.9% | +23.4% |
| 2025 | -18.9% | +1.2% |
| 2026 | +18.1% | +107.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IOT and PANW good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between IOT and PANW?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.56 over the last year and 0.49 over 5 years.
Is PANW a good diversifier for IOT?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 mean?
A reading of 0.52 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/iot-vs-panw.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/iot-vs-panw/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: IOT correlations · PANW correlations
