PANW vs. BTC-USD
PANW (Palo Alto Networks, Inc.) is a stock, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, PANW returned 28.39%/yr vs 59.68%/yr for BTC-USD. At a 0.09 correlation, their price movements are largely independent.
Performance
PANW vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, PANW achieves a 44.59% return, which is significantly higher than BTC-USD's -28.54% return. Over the past 10 years, PANW has underperformed BTC-USD with an annualized return of 28.39%, while BTC-USD has yielded a comparatively higher 59.68% annualized return.
PANW
- 1D
- -2.10%
- 1M
- 28.12%
- YTD
- 44.59%
- 6M
- 36.33%
- 1Y
- 33.43%
- 3Y*
- 34.26%
- 5Y*
- 35.30%
- 10Y*
- 28.39%
BTC-USD
- 1D
- -1.22%
- 1M
- -22.47%
- YTD
- -28.54%
- 6M
- -31.02%
- 1Y
- -40.89%
- 3Y*
- 33.16%
- 5Y*
- 10.82%
- 10Y*
- 59.68%
PANW vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PANW Palo Alto Networks, Inc. | 44.59% | 1.23% | 23.41% | 111.32% | -24.81% | 56.66% | 53.68% | 22.78% | 29.95% | 15.91% |
BTC-USD Bitcoin | -28.54% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
Correlation
The correlation between PANW and BTC-USD is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2012 | 0.09 |
The correlation between PANW and BTC-USD shifts across timeframes, from 0.09 (all time) to 0.22 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PANW vs. BTC-USD — Risk / Return Rank
PANW
BTC-USD
PANW vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Palo Alto Networks, Inc. (PANW) and Bitcoin (BTC-USD). 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.
| PANW | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.83 | ||
| Sortino ratioReturn per unit of downside risk | +2.70 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 0.86 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 0.93 | -0.80 | +1.73 |
| Martin ratioReturn relative to average drawdown | 2.12 | -1.42 | +3.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PANW | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | -0.95 | +1.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | 0.20 | +0.65 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.74 | 0.87 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 1.13 | -0.42 |
Drawdowns
PANW vs. BTC-USD - Drawdown Comparison
The maximum PANW drawdown since its inception was -47.98%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for PANW and BTC-USD.
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Drawdown Indicators
| PANW | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.98% | -85.30% | +37.32% |
Max Drawdown (1Y)Largest decline over 1 year | -36.01% | -51.21% | +15.20% |
Max Drawdown (3Y)Largest decline over 3 years | -36.01% | -51.21% | +15.20% |
Max Drawdown (5Y)Largest decline over 5 years | -36.01% | -76.67% | +40.66% |
Max Drawdown (10Y)Largest decline over 10 years | -47.98% | -83.80% | +35.82% |
Current DrawdownCurrent decline from peak | -11.37% | -49.86% | +38.49% |
Average DrawdownAverage peak-to-trough decline | -14.69% | -42.32% | +27.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.82% | 34.46% | -18.64% |
Volatility
PANW vs. BTC-USD - Volatility Comparison
Palo Alto Networks, Inc. (PANW) has a higher volatility of 17.10% compared to Bitcoin (BTC-USD) at 11.59%. This indicates that PANW's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PANW | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.10% | 11.59% | +5.51% |
Volatility (6M)Calculated over the trailing 6-month period | 31.83% | 34.53% | -2.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.54% | 35.67% | +2.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.65% | 44.95% | -3.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.59% | 56.71% | -18.12% |
Frequently Asked Questions
PANW and BTC-USD have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PANW has higher volatility (17.10%) compared to BTC-USD (11.59%). In terms of maximum drawdown, PANW dropped -47.98% vs BTC-USD's -85.30%.
PANW currently has the higher Sharpe Ratio (0.87 vs -0.95), 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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