IBIT vs. PANW
IBIT (iShares Bitcoin Trust ETF) is Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant, while PANW (Palo Alto Networks, Inc.) is a stock. Over the past year, IBIT returned -40.63% vs 41.46% for PANW. At a 0.22 correlation, their price movements are largely independent.
Performance
IBIT vs. PANW - Performance Comparison
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Returns By Period
In the year-to-date period, IBIT achieves a -27.41% return, which is significantly lower than PANW's 51.80% return.
IBIT
- 1D
- -0.03%
- 1M
- -20.12%
- YTD
- -27.41%
- 6M
- -29.61%
- 1Y
- -40.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PANW
- 1D
- 0.03%
- 1M
- 22.75%
- YTD
- 51.80%
- 6M
- 45.87%
- 1Y
- 41.46%
- 3Y*
- 33.77%
- 5Y*
- 35.61%
- 10Y*
- 29.12%
IBIT vs. PANW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | -27.41% | -6.41% | 89.87% |
PANW Palo Alto Networks, Inc. | 51.80% | 1.23% | 15.13% |
Correlation
The correlation between IBIT and PANW is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.22 |
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Return for Risk
IBIT vs. PANW — Risk / Return Rank
IBIT
PANW
IBIT vs. PANW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin Trust ETF (IBIT) 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.
| IBIT | PANW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.99 | ||
| Sortino ratioReturn per unit of downside risk | -2.87 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.21 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 1.16 | -1.94 |
| Martin ratioReturn relative to average drawdown | -1.37 | 2.62 | -3.99 |
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Drawdowns
IBIT vs. PANW - Drawdown Comparison
The maximum IBIT drawdown since its inception was -52.11%, which is greater than PANW's maximum drawdown of -47.98%. Use the drawdown chart below to compare losses from any high point for IBIT and PANW.
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Drawdown Indicators
| IBIT | PANW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.11% | -47.98% | -4.13% |
Max Drawdown (1Y)Largest decline over 1 year | -52.11% | -36.01% | -16.10% |
Max Drawdown (3Y)Largest decline over 3 years | — | -36.01% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -36.01% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.98% | — |
Current DrawdownCurrent decline from peak | -49.45% | -6.94% | -42.51% |
Average DrawdownAverage peak-to-trough decline | -16.53% | -14.68% | -1.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.64% | 15.87% | +13.77% |
Volatility
IBIT vs. PANW - Volatility Comparison
The current volatility for iShares Bitcoin Trust ETF (IBIT) is 12.07%, while Palo Alto Networks, Inc. (PANW) has a volatility of 16.97%. This indicates that IBIT 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
| IBIT | PANW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.07% | 16.97% | -4.90% |
Volatility (6M)Calculated over the trailing 6-month period | 34.45% | 32.33% | +2.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.10% | 38.96% | +5.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.26% | 41.72% | +8.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.26% | 38.62% | +11.64% |
Dividends
IBIT vs. PANW - Dividend Comparison
Neither IBIT nor PANW has paid dividends to shareholders.
Frequently Asked Questions
IBIT and PANW have a correlation of 0.24, 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 IBIT (12.07%). In terms of maximum drawdown, IBIT dropped -52.11% vs PANW's -47.98%.
PANW currently has the higher Sharpe Ratio (1.07 vs -0.92), 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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