PANW vs. IBIT
PANW (Palo Alto Networks, Inc.) is a stock, while IBIT (iShares Bitcoin Trust ETF) is Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Over the past year, PANW returned 41.46% vs -40.63% for IBIT. At a 0.22 correlation, their price movements are largely independent.
Performance
PANW vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, PANW achieves a 51.80% return, which is significantly higher than IBIT's -27.41% return.
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
- 1D
- -0.03%
- 1M
- -20.12%
- YTD
- -27.41%
- 6M
- -29.61%
- 1Y
- -40.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PANW vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PANW Palo Alto Networks, Inc. | 51.80% | 1.23% | 15.13% |
IBIT iShares Bitcoin Trust ETF | -27.41% | -6.41% | 89.87% |
Correlation
The correlation between PANW and IBIT 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
PANW vs. IBIT — Risk / Return Rank
PANW
IBIT
PANW vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Palo Alto Networks, Inc. (PANW) and iShares Bitcoin Trust ETF (IBIT). 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 | IBIT | 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 | 1.21 | 0.85 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 1.16 | -0.78 | +1.94 |
| Martin ratioReturn relative to average drawdown | 2.62 | -1.37 | +3.99 |
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Drawdowns
PANW vs. IBIT - Drawdown Comparison
The maximum PANW drawdown since its inception was -47.98%, smaller than the maximum IBIT drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for PANW and IBIT.
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Drawdown Indicators
| PANW | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.98% | -52.11% | +4.13% |
Max Drawdown (1Y)Largest decline over 1 year | -36.01% | -52.11% | +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 | -6.94% | -49.45% | +42.51% |
Average DrawdownAverage peak-to-trough decline | -14.68% | -16.53% | +1.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.87% | 29.64% | -13.77% |
Volatility
PANW vs. IBIT - Volatility Comparison
Palo Alto Networks, Inc. (PANW) has a higher volatility of 16.97% compared to iShares Bitcoin Trust ETF (IBIT) at 12.07%. This indicates that PANW's price experiences larger fluctuations and is considered to be riskier than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PANW | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.97% | 12.07% | +4.90% |
Volatility (6M)Calculated over the trailing 6-month period | 32.33% | 34.45% | -2.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.96% | 44.10% | -5.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.72% | 50.26% | -8.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.62% | 50.26% | -11.64% |
Dividends
PANW vs. IBIT - Dividend Comparison
Neither PANW nor IBIT has paid dividends to shareholders.
Frequently Asked Questions
PANW and IBIT 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, PANW dropped -47.98% vs IBIT's -52.11%.
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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