PANW vs S: Correlation
Measured on weekly returns over the past three years, Palo Alto Networks (PANW) and SentinelOne, Inc. (S) carry a correlation of 0.57, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PANW and S?
Over the past 3 years, PANW and S moved with a correlation of 0.57, which is moderate. The relationship has been stable: the 1-year correlation (0.66) sits close to the 3-year figure. Over 5 years the correlation is 0.54, and the annualized covariance of weekly returns is 1162.5 %².
Within PANW's tracked universe of 30 assets, S comes in at #5 by 3-year correlation. The last year tells two different stories: PANW led by 71.7 percentage points, +104.1% for PANW against +32.4% for S.
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 S: side by side
| PANW (Palo Alto Networks) | S (SentinelOne, Inc.) | |
|---|---|---|
| 1-year return | +104.1% | +32.4% |
| 5-year return | +400.7% | -65.2% |
| Volatility (ann.) | 42.0% | 48.4% |
| Beta vs S&P 500 | 1.32 | 1.43 |
| Max drawdown (3Y) | -36.0% | -60.2% |
| Market cap | $312.0B | $7.8B |
| P/E (trailing) | 294.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | PANW | S |
|---|---|---|
| 2022 | -24.8% | -71.1% |
| 2023 | +111.3% | +88.1% |
| 2024 | +23.4% | -19.1% |
| 2025 | +1.2% | -32.4% |
| 2026 | +107.8% | +51.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PANW and S good diversifiers for each other?
Only partially. A correlation of 0.57 means PANW and S share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between PANW and S?
As of 2026-08-27, the correlation of weekly returns between PANW and S is 0.57 over 3 years, 0.66 over 1 year and 0.54 over 5 years.
Is S a good diversifier for PANW?
Only partially. A correlation of 0.57 means PANW and S share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.57 mean?
A reading of 0.57 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/panw-vs-s.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/panw-vs-s/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PANW correlations · S correlations
