FCNCA vs. PANW
FCNCA (First Citizens BancShares, Inc.) and PANW (Palo Alto Networks, Inc.) are both stocks. FCNCA operates in Banks - Regional (Financial Services), while PANW operates in Software - Infrastructure (Technology). Over the past 10 years, FCNCA returned 24.29%/yr vs 29.12%/yr for PANW. At a 0.23 correlation, their price movements are largely independent.
Performance
FCNCA vs. PANW - Performance Comparison
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Returns By Period
In the year-to-date period, FCNCA achieves a -1.54% return, which is significantly lower than PANW's 51.80% return. Over the past 10 years, FCNCA has underperformed PANW with an annualized return of 24.29%, while PANW has yielded a comparatively higher 29.12% annualized return.
FCNCA
- 1D
- -0.40%
- 1M
- 9.46%
- YTD
- -1.54%
- 6M
- 2.80%
- 1Y
- 16.43%
- 3Y*
- 17.80%
- 5Y*
- 20.13%
- 10Y*
- 24.29%
PANW
- 1D
- 0.03%
- 1M
- 15.15%
- YTD
- 51.80%
- 6M
- 45.87%
- 1Y
- 42.47%
- 3Y*
- 33.77%
- 5Y*
- 35.61%
- 10Y*
- 29.12%
FCNCA vs. PANW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCNCA First Citizens BancShares, Inc. | -1.54% | 1.99% | 49.46% | 87.73% | -8.35% | 44.83% | 8.35% | 41.64% | -6.12% | 13.92% |
PANW Palo Alto Networks, Inc. | 51.80% | 1.23% | 23.41% | 111.32% | -24.81% | 56.66% | 53.68% | 22.78% | 29.95% | 15.91% |
Correlation
The correlation between FCNCA and PANW is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jul 20, 2012 | 0.23 |
Over the past year, the correlation between FCNCA and PANW has dropped to 0.03 - well below their long-term average of 0.23, suggesting their price drivers have been diverging.
Fundamentals
FCNCA:
$25.14B
PANW:
$208.04B
FCNCA:
$179.22
PANW:
$1.17
FCNCA:
11.77
PANW:
238.46
FCNCA:
0.05
PANW:
0.02
FCNCA:
1.84
PANW:
18.95
FCNCA:
1.24
PANW:
7.52
FCNCA:
$14.45B
PANW:
$10.61B
FCNCA:
$9.08B
PANW:
$7.63B
FCNCA:
$3.47B
PANW:
$1.33B
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Return for Risk
FCNCA vs. PANW — Risk / Return Rank
FCNCA
PANW
FCNCA vs. PANW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Citizens BancShares, Inc. (FCNCA) and Palo Alto Networks, Inc. (PANW). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FCNCA | PANW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.21 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.63 | 1.16 | -0.53 |
| Martin ratioReturn relative to average drawdown | 1.35 | 2.62 | -1.27 |
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Drawdowns
FCNCA vs. PANW - Drawdown Comparison
The maximum FCNCA drawdown since its inception was -63.51%, which is greater than PANW's maximum drawdown of -47.98%. Use the drawdown chart below to compare losses from any high point for FCNCA and PANW.
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Drawdown Indicators
| FCNCA | PANW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.51% | -47.98% | -15.53% |
Max Drawdown (1Y)Largest decline over 1 year | -24.00% | -36.01% | +12.01% |
Max Drawdown (3Y)Largest decline over 3 years | -33.51% | -36.01% | +2.50% |
Max Drawdown (5Y)Largest decline over 5 years | -43.63% | -36.01% | -7.62% |
Max Drawdown (10Y)Largest decline over 10 years | -47.48% | -47.98% | +0.50% |
Current DrawdownCurrent decline from peak | -9.76% | -6.94% | -2.82% |
Average DrawdownAverage peak-to-trough decline | -13.96% | -14.68% | +0.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.14% | 15.87% | -4.73% |
Volatility
FCNCA vs. PANW - Volatility Comparison
The current volatility for First Citizens BancShares, Inc. (FCNCA) is 7.32%, while Palo Alto Networks, Inc. (PANW) has a volatility of 16.97%. This indicates that FCNCA experiences smaller price fluctuations and is considered to be less risky than PANW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCNCA | PANW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.32% | 16.97% | -9.65% |
Volatility (6M)Calculated over the trailing 6-month period | 20.04% | 32.33% | -12.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.65% | 38.96% | -11.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.70% | 41.72% | -0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.09% | 38.62% | -0.53% |
Dividends
FCNCA vs. PANW - Dividend Comparison
FCNCA's dividend yield for the trailing twelve months is around 0.39%, while PANW has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCNCA First Citizens BancShares, Inc. | 0.39% | 0.37% | 0.33% | 0.27% | 0.28% | 0.23% | 0.29% | 0.30% | 0.38% | 0.31% | 0.34% | 0.46% |
PANW Palo Alto Networks, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
FCNCA vs. PANW - Financials Comparison
This section allows you to compare key financial metrics between First Citizens BancShares, Inc. and Palo Alto Networks, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
FCNCA vs. PANW - Profitability Comparison
FCNCA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, First Citizens BancShares, Inc. reported a gross profit of 2.31B and revenue of 3.48B. Therefore, the gross margin over that period was 66.5%.
PANW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Palo Alto Networks, Inc. reported a gross profit of 2.03B and revenue of 3.00B. Therefore, the gross margin over that period was 67.6%.
FCNCA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, First Citizens BancShares, Inc. reported an operating income of 705.00M and revenue of 3.48B, resulting in an operating margin of 20.3%.
PANW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Palo Alto Networks, Inc. reported an operating income of -186.00M and revenue of 3.00B, resulting in an operating margin of -6.2%.
FCNCA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, First Citizens BancShares, Inc. reported a net income of 534.00M and revenue of 3.48B, resulting in a net margin of 15.4%.
PANW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Palo Alto Networks, Inc. reported a net income of -177.00M and revenue of 3.00B, resulting in a net margin of -5.9%.
Frequently Asked Questions
FCNCA and PANW have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PANW has higher volatility (16.97%) compared to FCNCA (7.32%). In terms of maximum drawdown, FCNCA dropped -63.51% vs PANW's -47.98%.
PANW currently has the higher Sharpe Ratio (1.07 vs 0.55), 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.
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