PANW correlations (Palo Alto Networks)
PANW measured against 4756 US stocks and ETFs: closest co-movers on one side, the best offsets on the other, all from weekly returns.
Data as of 2026-08-27 · refreshed every trading day · Information Technology · Systems Software
Volatility (ann.)
42.0%
3y weekly
Beta vs S&P 500
1.32
3y weekly
1-year return
+104.1%
price, adjusted
5-year return
+400.7%
price, adjusted
Market cap
$312.0B
latest
P/E ratio
294.5
trailing
Max drawdown
-36.0%
3y, daily closes
PANW over the last 12 months, weekly closes indexed to 100 at the start.
Stocks and ETFs most correlated with PANW
| Asset | Correlation (3Y) | ||
|---|---|---|---|
| CRWD | CrowdStrike | 0.73 | |
| ZS | Zscaler, Inc. | 0.61 | |
| TENB | Tenable Holdings, Inc. | 0.61 | |
| S | SentinelOne, Inc. | 0.57 | |
| DT | Dynatrace, Inc. | 0.57 | |
| FTNT | Fortinet | 0.56 | |
| RBRK | Rubrik, Inc. | 0.56 | |
| DDOG | Datadog | 0.53 | |
| NOW | ServiceNow | 0.53 | |
| RPD | Rapid7, Inc. | 0.52 | |
| IOT | Samsara Inc. | 0.52 | |
| OKTA | Okta, Inc. | 0.52 | |
| CRM | Salesforce | 0.52 | |
| XLK | Technology Select Sector SPDR Fund | 0.51 | |
| VUG | Vanguard Growth ETF | 0.50 |
Best diversifiers for PANW
If the goal is offsetting PANW, these tracked assets have historically moved the most on their own terms.
| Asset | Correlation (3Y) | ||
|---|---|---|---|
| FNGD | MicroSectors FANG Index -3X Inverse Leveraged ETNs due | -0.50 | |
| VXZ | iPath Series B S&P 500 VIX Mid-Term Futures ETN | -0.37 | |
| VXX | iPath Series B S&P 500 VIX Short-Term Futures ETN | -0.36 | |
| DMC | Del Monte Corporation | -0.20 | |
| GRNQ | Greenpro Capital Corp. | -0.20 | |
| SEB | Seaboard Corporation | -0.20 | |
| D | Dominion Energy | -0.19 | |
| MNPR | Monopar Therapeutics Inc. | -0.19 | |
| PBR | Petroleo Brasileiro S.A. Petrobras | -0.17 | |
| KO | Coca-Cola Company (The) | -0.17 |
PANW vs benchmarks
PANW vs its peers
Get PANW data as JSON
$ curl https://www.pairbook.io/api/v1/symbols/panw.jsonCorrelations, diversifiers, beta and volatility for PANW, plus one endpoint per pair. API documentation.
PANW inside major ETFs
| ETF | PANW weight | |
|---|---|---|
| XLK | Technology Select Sector SPDR Fund | 1.84% |
| QQQ | Invesco QQQ Trust | 1.23% |
| QQQM | Invesco Nasdaq 100 ETF | 1.23% |
| USMV | iShares MSCI USA Min Vol Factor ETF | 0.94% |
| VUG | Vanguard Growth ETF | 0.77% |
| SPYG | SPDR Portfolio S&P 500 Growth ETF | 0.43% |
| IVV | iShares Core S&P 500 ETF | 0.42% |
| SPY | SPDR S&P 500 ETF Trust | 0.42% |
| VOO | Vanguard S&P 500 ETF | 0.42% |
| SPYV | SPDR Portfolio S&P 500 Value ETF | 0.4% |
