PANW vs RBRK: Correlation
How closely do Palo Alto Networks (PANW) and Rubrik, Inc. (RBRK) trade together? Their weekly returns over three years give a correlation of 0.56, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PANW and RBRK?
On 3 years of weekly data the PANW/RBRK correlation comes out at 0.56, moderate. The relationship has been stable: the 1-year correlation (0.64) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 1453.8 %².
Among the 30 assets we track against PANW, RBRK ranks #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months PANW outperformed by 81.8 percentage points (+104.1% for PANW against +22.3% for RBRK). Risk is not evenly split, since RBRK carries 1.5 times the volatility of the other side.
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.
PANW vs RBRK: side by side
| PANW (Palo Alto Networks) | RBRK (Rubrik, Inc.) | |
|---|---|---|
| 1-year return | +104.1% | +22.3% |
| 5-year return | +400.7% | n/a |
| Volatility (ann.) | 42.0% | 63.9% |
| Beta vs S&P 500 | 1.32 | 1.92 |
| Max drawdown (3Y) | -36.0% | -56.1% |
| Market cap | $312.0B | $22.0B |
| P/E (trailing) | 294.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | PANW | RBRK |
|---|---|---|
| 2022 | -24.8% | – |
| 2023 | +111.3% | – |
| 2024 | +23.4% | – |
| 2025 | +1.2% | +17.0% |
| 2026 | +107.8% | +39.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PANW and RBRK good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between PANW and RBRK?
The PANW/RBRK correlation stands at 0.56 on a 3-year window (1 year: 0.64, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is RBRK a good diversifier for PANW?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 mean?
On the −1 to +1 scale, 0.56 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/panw-vs-rbrk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/panw-vs-rbrk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PANW correlations · RBRK correlations
