PANW vs VUG: Correlation
Measured on weekly returns over the past three years, Palo Alto Networks (PANW) and Vanguard Growth ETF (VUG) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PANW and VUG?
Across a 3-year window, the weekly returns of PANW and VUG correlate at 0.50, moderate. Recent behaviour matches the longer record: 0.46 over 1 year against 0.50 over 3. Stretching to 5 years gives 0.53, with an annualized covariance of 408.1 %².
Within PANW's tracked universe of 30 assets, VUG comes in at #15 by 3-year correlation. The last year tells two different stories: PANW led by 87.9 percentage points, +104.1% for PANW against +16.2% for VUG. Across three years, the rolling one-year figure varied moderately, from 0.37 to 0.76. Risk is not evenly split, since PANW carries 2.2 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 VUG: side by side
| PANW (Palo Alto Networks) | VUG (Vanguard Growth ETF) | |
|---|---|---|
| 1-year return | +104.1% | +16.2% |
| 5-year return | +400.7% | +78.4% |
| Volatility (ann.) | 42.0% | 19.4% |
| Beta vs S&P 500 | 1.32 | 1.28 |
| Max drawdown (3Y) | -36.0% | -22.8% |
| Market cap | $312.0B | – |
| P/E (trailing) | 294.5 | – |
| Dividend yield | 0.00% | 0.40% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $372.0B |
| Sector / category | Information Technology | ETF · US Style |
VUG, Vanguard's Large Growth fund, carries $372.0B under management, 146 holdings, a 0.03% expense ratio, a 0.40% trailing dividend yield.
Year-by-year returns
| Year | PANW | VUG |
|---|---|---|
| 2022 | -24.8% | -33.2% |
| 2023 | +111.3% | +46.8% |
| 2024 | +23.4% | +32.7% |
| 2025 | +1.2% | +19.4% |
| 2026 | +107.8% | +9.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that VUG holds PANW at a 0.77% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are PANW and VUG good diversifiers for each other?
Only partially. A correlation of 0.50 means PANW and VUG 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 VUG?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.46 over the last year and 0.53 over 5 years.
Is VUG a good diversifier for PANW?
Only partially. A correlation of 0.50 means PANW and VUG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 mean?
A reading of 0.50 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-vug.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/panw-vs-vug/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PANW correlations · VUG correlations
