PANW vs. CRM
PANW (Palo Alto Networks, Inc.) and CRM (Salesforce, Inc.) are both stocks. Both are in the Technology sector — PANW in Software - Infrastructure, CRM in Software - Application. Over the past 10 years, PANW returned 31.54%/yr vs 8.81%/yr for CRM. Their 0.50 correlation means their historical movements had little consistent relationship.
Performance
PANW vs. CRM - Performance Comparison
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Returns By Period
In the year-to-date period, PANW achieves a 80.15% return, which is significantly higher than CRM's -30.18% return. Over the past 10 years, PANW has outperformed CRM with an annualized return of 31.54%, while CRM has yielded a comparatively lower 8.81% annualized return.
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%
CRM
- 1D
- 1.83%
- 1M
- 12.74%
- 6M
- -12.88%
- YTD
- -30.18%
- 1Y
- -28.16%
- 3Y*
- -5.84%
- 5Y*
- -5.00%
- 10Y*
- 8.81%
- ALL TIME*
- 19.35%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.36B | $2.15B | $2.56B | |
| $1.96B | $2.24B | $2.30B |
PANW vs. CRM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
CRM Salesforce, Inc. | -30.18% | -20.25% | 27.76% | 98.46% | -47.83% | 14.20% | 36.82% | 18.74% | 33.98% | 49.33% |
Correlation
The correlation between PANW and CRM is 0.42, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.42 |
Correlation (3Y) Balances recent behavior with more history. | 0.47 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.52 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jul 20, 2012 | 0.50 |
The correlation between PANW and CRM has been stable across timeframes, ranging from 0.42 to 0.52 - a consistent structural relationship.
Fundamentals
PANW:
$270.44B
CRM:
$150.71B
PANW:
$1.17
CRM:
$8.68
PANW:
284.27
CRM:
21.20
PANW:
0.02
CRM:
0.04
PANW:
22.59
CRM:
3.97
PANW:
8.92
CRM:
4.68
PANW:
$10.61B
CRM:
$42.83B
PANW:
$7.63B
CRM:
$33.25B
PANW:
$1.33B
CRM:
$12.32B
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Return for Risk
PANW vs. CRM — Risk / Return Rank
PANW
CRM
PANW vs. CRM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Palo Alto Networks, Inc. (PANW) and Salesforce, Inc. (CRM). 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.
| PANW | CRM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.94 | ||
| Sortino ratioReturn per unit of downside risk | +3.64 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 0.90 | +0.46 |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | -0.65 | +3.20 |
| Martin ratioReturn relative to average drawdown | 5.95 | -1.20 | +7.15 |
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Drawdowns
PANW vs. CRM - Drawdown Comparison
The maximum PANW drawdown since its inception was -47.98%, smaller than the maximum CRM drawdown of -70.50%. Use the drawdown chart below to compare losses from any high point for PANW and CRM.
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Drawdown Indicators
| PANW | CRM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.98% | -70.50% | +22.52% |
Max Drawdown (1Y)Largest decline over 1 year | -36.01% | -43.33% | +7.32% |
Max Drawdown (3Y)Largest decline over 3 years | -36.01% | -58.67% | +22.66% |
Max Drawdown (5Y)Largest decline over 5 years | -36.01% | -58.67% | +22.66% |
Max Drawdown (10Y)Largest decline over 10 years | -47.98% | -58.67% | +10.69% |
Current DrawdownCurrent decline from peak | -7.49% | -49.34% | +41.85% |
Average DrawdownAverage peak-to-trough decline | -14.59% | -16.37% | +1.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.38% | 23.55% | -8.17% |
Volatility
PANW vs. CRM - Volatility Comparison
Palo Alto Networks, Inc. (PANW) and Salesforce, Inc. (CRM) have volatilities of 14.66% and 14.40%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PANW | CRM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.66% | 14.40% | +0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 35.66% | 33.51% | +2.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.04% | 41.11% | -0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.40% | 37.77% | +4.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.91% | 35.70% | +3.21% |
Dividends
PANW vs. CRM - Dividend Comparison
PANW has not paid dividends to shareholders, while CRM's dividend yield for the trailing twelve months is around 0.93%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CRM Salesforce, Inc. | 0.93% | 0.63% | 0.48% |
PANW Palo Alto Networks, Inc. | 0.00% | 0.00% | 0.00% |
Financials
PANW vs. CRM - Financials Comparison
This section allows you to compare key financial metrics between Palo Alto Networks, Inc. and Salesforce, 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
PANW vs. CRM - Profitability Comparison
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%.
CRM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Salesforce, Inc. reported a gross profit of 8.56B and revenue of 11.13B. Therefore, the gross margin over that period was 76.9%.
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%.
CRM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Salesforce, Inc. reported an operating income of 2.35B and revenue of 11.13B, resulting in an operating margin of 21.1%.
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%.
CRM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Salesforce, Inc. reported a net income of 2.11B and revenue of 11.13B, resulting in a net margin of 18.9%.
Frequently Asked Questions
PANW and CRM have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PANW has higher volatility (14.66%) compared to CRM (14.40%). In terms of maximum drawdown, PANW dropped -47.98% vs CRM's -70.50%.
PANW currently has the higher Sharpe Ratio (2.25 vs -0.69), 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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