MANH vs. PANW
MANH (Manhattan Associates, Inc.) and PANW (Palo Alto Networks, Inc.) are both stocks. Both are in the Technology sector — MANH in Software - Application, PANW in Software - Infrastructure. Over the past 10 years, MANH returned 12.74%/yr vs 31.54%/yr for PANW. Their 0.45 correlation means their historical movements had little consistent relationship.
Performance
MANH vs. PANW - Performance Comparison
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Returns By Period
In the year-to-date period, MANH achieves a 10.41% return, which is significantly lower than PANW's 80.15% return. Over the past 10 years, MANH has underperformed PANW with an annualized return of 12.74%, while PANW has yielded a comparatively higher 31.54% annualized return.
MANH
- 1D
- 0.20%
- 1M
- 30.70%
- 6M
- 26.72%
- YTD
- 10.41%
- 1Y
- -12.88%
- 3Y*
- -0.04%
- 5Y*
- 3.69%
- 10Y*
- 12.74%
- ALL TIME*
- 12.71%
PANW
- 1D
- 1.89%
- 1M
- -5.74%
- 6M
- 87.51%
- YTD
- 80.15%
- 1Y
- 91.15%
- 3Y*
- 37.88%
- 5Y*
- 37.91%
- 10Y*
- 31.54%
- ALL TIME*
- 29.13%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $192.14M | $150.10M | $107.01M | |
| $1.96B | $2.24B | $2.30B |
MANH vs. PANW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MANH Manhattan Associates, Inc. | 10.41% | -35.87% | 25.51% | 77.36% | -21.92% | 47.83% | 31.89% | 88.22% | -14.47% | -6.58% |
PANW Palo Alto Networks, Inc. | 80.15% | 1.23% | 23.41% | 111.32% | -24.81% | 56.66% | 53.68% | 22.78% | 29.95% | 15.91% |
Correlation
The correlation between MANH and PANW is 0.40, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.40 |
Correlation (3Y) Balances recent behavior with more history. | 0.45 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.51 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.47 |
Correlation (All Time) Calculated using the full available price history since Jul 20, 2012 | 0.45 |
The correlation between MANH and PANW shifts across timeframes, from 0.40 (1 year) to 0.51 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
MANH:
$11.32B
PANW:
$270.44B
MANH:
$3.49
PANW:
$1.17
MANH:
54.88
PANW:
284.27
MANH:
2.61
PANW:
0.02
MANH:
10.24
PANW:
22.59
MANH:
72.31
PANW:
8.92
MANH:
$1.13B
PANW:
$10.61B
MANH:
$301.44M
PANW:
$7.63B
MANH:
$290.03M
PANW:
$1.33B
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Return for Risk
MANH vs. PANW — Risk / Return Rank
MANH
PANW
MANH vs. PANW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manhattan Associates, Inc. (MANH) 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.
| MANH | PANW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.53 | ||
| Sortino ratioReturn per unit of downside risk | -2.91 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.36 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.29 | 2.55 | -2.83 |
| Martin ratioReturn relative to average drawdown | -0.47 | 5.95 | -6.42 |
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Drawdowns
MANH vs. PANW - Drawdown Comparison
The maximum MANH drawdown since its inception was -87.04%, which is greater than PANW's maximum drawdown of -47.98%. Use the drawdown chart below to compare losses from any high point for MANH and PANW.
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Drawdown Indicators
| MANH | PANW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.04% | -47.98% | -39.06% |
Max Drawdown (1Y)Largest decline over 1 year | -45.10% | -36.01% | -9.09% |
Max Drawdown (3Y)Largest decline over 3 years | -60.98% | -36.01% | -24.97% |
Max Drawdown (5Y)Largest decline over 5 years | -60.98% | -36.01% | -24.97% |
Max Drawdown (10Y)Largest decline over 10 years | -60.98% | -47.98% | -13.00% |
Current DrawdownCurrent decline from peak | -38.23% | -7.49% | -30.74% |
Average DrawdownAverage peak-to-trough decline | -39.54% | -14.59% | -24.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.44% | 15.38% | +12.06% |
Volatility
MANH vs. PANW - Volatility Comparison
Manhattan Associates, Inc. (MANH) has a higher volatility of 24.18% compared to Palo Alto Networks, Inc. (PANW) at 14.66%. This indicates that MANH's price experiences larger fluctuations and is considered to be riskier 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
| MANH | PANW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.18% | 14.66% | +9.52% |
Volatility (6M)Calculated over the trailing 6-month period | 40.82% | 35.66% | +5.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.73% | 41.04% | +5.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.92% | 42.40% | -2.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.28% | 38.91% | +1.37% |
Dividends
MANH vs. PANW - Dividend Comparison
Neither MANH nor PANW has paid dividends to shareholders.
Financials
MANH vs. PANW - Financials Comparison
This section allows you to compare key financial metrics between Manhattan Associates, 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
MANH vs. PANW - Profitability Comparison
MANH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Manhattan Associates, Inc. reported a gross profit of -155.57M and revenue of 297.79M. Therefore, the gross margin over that period was -52.2%.
PANW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 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%.
MANH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Manhattan Associates, Inc. reported an operating income of 66.23M and revenue of 297.79M, resulting in an operating margin of 22.2%.
PANW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 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%.
MANH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Manhattan Associates, Inc. reported a net income of 50.35M and revenue of 297.79M, resulting in a net margin of 16.9%.
PANW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 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
MANH and PANW have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MANH has higher volatility (24.18%) compared to PANW (14.66%). In terms of maximum drawdown, MANH dropped -87.04% vs PANW's -47.98%.
PANW currently has the higher Sharpe Ratio (2.25 vs -0.28), 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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