OKTA vs PANW: Correlation
Okta, Inc. (OKTA) and Palo Alto Networks (PANW) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OKTA and PANW?
On 3 years of weekly data the OKTA/PANW correlation comes out at 0.52, moderate. The past 12 months show a tighter link (0.65) than the 3-year average (0.52). The 5-year figure is 0.49, and annualized covariance runs at 1189.8 %².
Among the 12 assets we track against OKTA, PANW ranks #5 by 3-year correlation. The last year tells two different stories: PANW led by 18.2 percentage points, +85.9% for OKTA 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.
OKTA vs PANW: side by side
| OKTA (Okta, Inc.) | PANW (Palo Alto Networks) | |
|---|---|---|
| 1-year return | +85.9% | +104.1% |
| 5-year return | -34.7% | +400.7% |
| Volatility (ann.) | 54.5% | 42.0% |
| Beta vs S&P 500 | 1.24 | 1.32 |
| Max drawdown (3Y) | -50.6% | -36.0% |
| Market cap | $30.2B | $312.0B |
| P/E (trailing) | 97.1 | 294.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | OKTA | PANW |
|---|---|---|
| 2022 | -69.5% | -24.8% |
| 2023 | +32.5% | +111.3% |
| 2024 | -13.0% | +23.4% |
| 2025 | +9.7% | +1.2% |
| 2026 | +100.0% | +107.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OKTA and PANW good diversifiers for each other?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between OKTA and PANW?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.65 over the last year and 0.49 over 5 years.
Is PANW a good diversifier for OKTA?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.52 mean?
On the −1 to +1 scale, 0.52 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/okta-vs-panw.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/okta-vs-panw/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: OKTA correlations · PANW correlations
