PANW vs. FFIV
PANW (Palo Alto Networks, Inc.) and FFIV (F5 Networks, Inc.) are both stocks. Both operate in the Software - Infrastructure industry within the Technology sector. Over the past 10 years, PANW returned 30.57%/yr vs 12.11%/yr for FFIV. Their 0.43 correlation means their historical movements had little consistent relationship.
Performance
PANW vs. FFIV - Performance Comparison
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Returns By Period
In the year-to-date period, PANW achieves a 70.55% return, which is significantly higher than FFIV's 51.59% return. Over the past 10 years, PANW has outperformed FFIV with an annualized return of 30.57%, while FFIV has yielded a comparatively lower 12.11% annualized return.
PANW
- 1D
- -1.52%
- 1M
- -5.38%
- 6M
- 70.98%
- YTD
- 70.55%
- 1Y
- 62.07%
- 3Y*
- 36.24%
- 5Y*
- 36.41%
- 10Y*
- 30.57%
- ALL TIME*
- 28.64%
FFIV
- 1D
- -4.09%
- 1M
- -5.75%
- 6M
- 32.38%
- YTD
- 51.59%
- 1Y
- 29.31%
- 3Y*
- 35.36%
- 5Y*
- 13.38%
- 10Y*
- 12.11%
- ALL TIME*
- 17.26%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $309.45M | $269.13M | $262.06M | |
| $2.05B | $2.33B | $2.29B |
PANW vs. FFIV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PANW Palo Alto Networks, Inc. | 70.55% | 1.23% | 23.41% | 111.32% | -24.81% | 56.66% | 53.68% | 22.78% | 29.95% | 15.91% |
FFIV F5 Networks, Inc. | 51.59% | 1.51% | 40.50% | 24.72% | -41.36% | 39.09% | 25.99% | -13.81% | 23.48% | -9.33% |
Correlation
The correlation between PANW and FFIV is 0.33, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.33 |
Correlation (3Y) Balances recent behavior with more history. | 0.38 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.44 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.43 |
Correlation (All Time) Calculated using the full available price history since Jul 20, 2012 | 0.43 |
The correlation between PANW and FFIV shifts across timeframes, from 0.33 (1 year) to 0.44 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
PANW:
$256.03B
FFIV:
$21.83B
PANW:
$1.17
FFIV:
$12.55
PANW:
267.91
FFIV:
30.83
PANW:
0.02
FFIV:
1.35
PANW:
21.29
FFIV:
27.65
PANW:
8.45
FFIV:
5.79
PANW:
$10.61B
FFIV:
$810.09M
PANW:
$7.63B
FFIV:
$2.71B
PANW:
$1.33B
FFIV:
$882.95M
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Return for Risk
PANW vs. FFIV — Risk / Return Rank
PANW
FFIV
PANW vs. FFIV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Palo Alto Networks, Inc. (PANW) and F5 Networks, Inc. (FFIV). 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 | FFIV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.67 | ||
| Sortino ratioReturn per unit of downside risk | +0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.17 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.73 | 0.85 | +0.88 |
| Martin ratioReturn relative to average drawdown | 4.04 | 1.85 | +2.18 |
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Drawdowns
PANW vs. FFIV - Drawdown Comparison
The maximum PANW drawdown since its inception was -47.98%, smaller than the maximum FFIV drawdown of -97.59%. Use the drawdown chart below to compare losses from any high point for PANW and FFIV.
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Drawdown Indicators
| PANW | FFIV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.98% | -97.59% | +49.61% |
Max Drawdown (1Y)Largest decline over 1 year | -36.01% | -34.73% | -1.28% |
Max Drawdown (3Y)Largest decline over 3 years | -36.01% | -34.73% | -1.28% |
Max Drawdown (5Y)Largest decline over 5 years | -36.01% | -47.42% | +11.41% |
Max Drawdown (10Y)Largest decline over 10 years | -47.98% | -54.59% | +6.61% |
Current DrawdownCurrent decline from peak | -12.41% | -10.27% | -2.14% |
Average DrawdownAverage peak-to-trough decline | -14.60% | -40.00% | +25.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.59% | 15.86% | -0.27% |
Volatility
PANW vs. FFIV - Volatility Comparison
Palo Alto Networks, Inc. (PANW) has a higher volatility of 14.70% compared to F5 Networks, Inc. (FFIV) at 11.26%. This indicates that PANW's price experiences larger fluctuations and is considered to be riskier than FFIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PANW | FFIV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.70% | 11.26% | +3.44% |
Volatility (6M)Calculated over the trailing 6-month period | 35.80% | 26.04% | +9.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.63% | 35.04% | +6.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.38% | 30.20% | +12.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.90% | 29.64% | +9.26% |
Dividends
PANW vs. FFIV - Dividend Comparison
Neither PANW nor FFIV has paid dividends to shareholders.
Financials
PANW vs. FFIV - Financials Comparison
This section allows you to compare key financial metrics between Palo Alto Networks, Inc. and F5 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
PANW vs. FFIV - Profitability Comparison
PANW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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%.
FFIV - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, F5 Networks, Inc. reported a gross profit of 700.06M and revenue of -1.63B. Therefore, the gross margin over that period was -42.8%.
PANW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 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%.
FFIV - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, F5 Networks, Inc. reported an operating income of 213.63M and revenue of -1.63B, resulting in an operating margin of -13.1%.
PANW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 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%.
FFIV - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, F5 Networks, Inc. reported a net income of 208.21M and revenue of -1.63B, resulting in a net margin of -12.7%.
Frequently Asked Questions
PANW and FFIV have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PANW has higher volatility (14.70%) compared to FFIV (11.26%). In terms of maximum drawdown, PANW dropped -47.98% vs FFIV's -97.59%.
PANW currently has the higher Sharpe Ratio (1.51 vs 0.84), 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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