CRWD vs. SNOW

Last updated Jun 3, 2026

CRWD (CrowdStrike Holdings, Inc.) and SNOW (Snowflake Inc.) are both stocks. Both are in the Technology sector — CRWD in Software - Infrastructure, SNOW in Software - Application. Over the past 5 years, CRWD returned 28.91%/yr vs 1.84%/yr for SNOW. A 0.60 correlation means they provide meaningful diversification when combined.

Performance

CRWD vs. SNOW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CrowdStrike Holdings, Inc. (CRWD) and Snowflake Inc. (SNOW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CRWD achieves a 64.04% return, which is significantly higher than SNOW's 19.05% return.

CRWD

• 1D: -1.69%
• 1M: 68.76%
• YTD: 64.04%
• 6M: 48.86%
• 1Y: 60.48%
• 3Y*: 71.92%
• 5Y*: 28.91%
• 10Y*: —

SNOW

• 1D: -6.79%
• 1M: 85.21%
• YTD: 19.05%
• 6M: 0.56%
• 1Y: 24.25%
• 3Y*: 14.23%
• 5Y*: 1.84%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CRWD vs. SNOW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
CRWD CrowdStrike Holdings, Inc.	64.04%	37.00%	34.01%	142.49%	-48.58%	-3.34%	61.51%
SNOW Snowflake Inc.	19.05%	42.06%	-22.41%	38.64%	-57.63%	20.38%	10.82%

Correlation

The correlation between CRWD and SNOW is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (All Time) Calculated using the full available price history since Sep 17, 2020	0.60

The correlation between CRWD and SNOW has been stable across timeframes, ranging from 0.58 to 0.63 - a consistent structural relationship.

Fundamentals

Market Cap CRWD : $198.49B SNOW : $90.20B
EPS CRWD : -$0.72 SNOW : -$3.53
PS Ratio CRWD : 40.45 SNOW : 17.61
PB Ratio CRWD : 44.82 SNOW : 43.77
Total Revenue (TTM) CRWD : $4.81B SNOW : $5.03B
Gross Profit (TTM) CRWD : $3.60B SNOW : $3.38B
EBITDA (TTM) CRWD : -$39.16M SNOW : -$1.21B

Return for Risk

CRWD vs. SNOW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CRWD

CRWD Risk / Return Rank: 73
CRWD Sharpe Ratio Rank: 79
CRWD Sortino Ratio Rank: 73
CRWD Omega Ratio Rank: 73
CRWD Calmar Ratio Rank: 71
CRWD Martin Ratio Rank: 70

SNOW

SNOW Risk / Return Rank: 54
SNOW Sharpe Ratio Rank: 53
SNOW Sortino Ratio Rank: 56
SNOW Omega Ratio Rank: 56
SNOW Calmar Ratio Rank: 51
SNOW Martin Ratio Rank: 51

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CRWD vs. SNOW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CrowdStrike Holdings, Inc. (CRWD) and Snowflake Inc. (SNOW). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	CRWD	SNOW	Difference
Sharpe ratio Return per unit of total volatility	1.36	0.38	+0.99
Sortino ratio Return per unit of downside risk	1.92	1.12	+0.80
Omega ratio Gain probability vs. loss probability	1.25	1.15	+0.10
Calmar ratio Return relative to maximum drawdown	1.70	0.48	+1.22
Martin ratio Return relative to average drawdown	3.91	1.05	+2.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CRWD vs. SNOW - Sharpe Ratio Comparison

The current CRWD Sharpe Ratio is 1.36, which is higher than the SNOW Sharpe Ratio of 0.38. The chart below compares the historical Sharpe Ratios of CRWD and SNOW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CRWD	SNOW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.36	0.38	+0.99
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.57	0.03	+0.54
Sharpe Ratio (All Time) Calculated using the full available price history	0.81	0.01	+0.80

Drawdowns

CRWD vs. SNOW - Drawdown Comparison

The maximum CRWD drawdown since its inception was -67.69%, smaller than the maximum SNOW drawdown of -72.99%. Use the drawdown chart below to compare losses from any high point for CRWD and SNOW.

Drawdown Indicators

	CRWD	SNOW	Difference
Max Drawdown Largest peak-to-trough decline	-67.69%	-72.99%	+5.30%
Max Drawdown (1Y) Largest decline over 1 year	-37.18%	-56.30%	+19.12%
Max Drawdown (3Y) Largest decline over 3 years	-44.44%	-56.30%	+11.86%
Max Drawdown (5Y) Largest decline over 5 years	-67.69%	-72.99%	+5.30%
Current Drawdown Current decline from peak	-1.69%	-35.02%	+33.33%
Average Drawdown Average peak-to-trough decline	-23.67%	-49.10%	+25.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.13%	25.80%	-9.67%

Volatility

CRWD vs. SNOW - Volatility Comparison

The current volatility for CrowdStrike Holdings, Inc. (CRWD) is 14.41%, while Snowflake Inc. (SNOW) has a volatility of 34.66%. This indicates that CRWD experiences smaller price fluctuations and is considered to be less risky than SNOW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CRWD	SNOW	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.41%	34.66%	-20.25%
Volatility (6M) Calculated over the trailing 6-month period	36.07%	53.56%	-17.49%
Volatility (1Y) Calculated over the trailing 1-year period	44.58%	64.78%	-20.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.72%	61.83%	-11.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.95%	62.75%	-6.80%

Dividends

CRWD vs. SNOW - Dividend Comparison

Neither CRWD nor SNOW has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

CRWD vs. SNOW - Profitability Comparison

The chart below illustrates the profitability comparison between CrowdStrike Holdings, Inc. and Snowflake Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

CRWD - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, CrowdStrike Holdings, Inc. reported a gross profit of 989.46M and revenue of 1.31B. Therefore, the gross margin over that period was 75.8%.

SNOW - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Snowflake Inc. reported a gross profit of 926.45M and revenue of 1.39B. Therefore, the gross margin over that period was 66.6%.

CRWD - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, CrowdStrike Holdings, Inc. reported an operating income of -6.90M and revenue of 1.31B, resulting in an operating margin of -0.5%.

SNOW - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Snowflake Inc. reported an operating income of -326.15M and revenue of 1.39B, resulting in an operating margin of -23.5%.

CRWD - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, CrowdStrike Holdings, Inc. reported a net income of 38.69M and revenue of 1.31B, resulting in a net margin of 3.0%.

SNOW - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Snowflake Inc. reported a net income of -295.57M and revenue of 1.39B, resulting in a net margin of -21.3%.

Frequently Asked Questions

Can I hold both CRWD and SNOW in my portfolio?

CRWD and SNOW have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CRWD or SNOW?

SNOW has higher volatility (34.66%) compared to CRWD (14.41%). In terms of maximum drawdown, CRWD dropped -67.69% vs SNOW's -72.99%.

Which has better risk-adjusted returns?

CRWD currently has the higher Sharpe Ratio (1.36 vs 0.38), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.