PANW vs. TMUS
PANW (Palo Alto Networks, Inc.) and TMUS (T-Mobile US, Inc.) are both stocks. PANW operates in Software - Infrastructure (Technology), while TMUS operates in Telecom Services (Communication Services). Over the past 10 years, PANW returned 29.12%/yr vs 16.66%/yr for TMUS. At a 0.23 correlation, their price movements are largely independent.
Performance
PANW vs. TMUS - 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 TMUS's -5.91% return. Over the past 10 years, PANW has outperformed TMUS with an annualized return of 29.12%, while TMUS has yielded a comparatively lower 16.66% annualized return.
PANW
- 1D
- 0.03%
- 1M
- 15.15%
- YTD
- 51.80%
- 6M
- 45.87%
- 1Y
- 42.47%
- 3Y*
- 33.77%
- 5Y*
- 35.61%
- 10Y*
- 29.12%
TMUS
- 1D
- 1.77%
- 1M
- 2.65%
- YTD
- -5.91%
- 6M
- -2.11%
- 1Y
- -15.50%
- 3Y*
- 15.04%
- 5Y*
- 6.35%
- 10Y*
- 16.66%
PANW vs. TMUS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PANW Palo Alto Networks, Inc. | 51.80% | 1.23% | 23.41% | 111.32% | -24.81% | 56.66% | 53.68% | 22.78% | 29.95% | 15.91% |
TMUS T-Mobile US, Inc. | -5.91% | -6.58% | 39.70% | 15.02% | 20.71% | -13.99% | 71.96% | 23.28% | 0.16% | 10.43% |
Correlation
The correlation between PANW and TMUS is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jul 20, 2012 | 0.23 |
The correlation between PANW and TMUS shifts across timeframes, from -0.10 (1 year) to 0.23 (all time), reflecting how their relationship changes across market environments.
Fundamentals
PANW:
$208.04B
TMUS:
$208.40B
PANW:
$1.17
TMUS:
$9.41
PANW:
238.46
TMUS:
20.09
PANW:
0.02
TMUS:
0.31
PANW:
18.95
TMUS:
2.34
PANW:
7.52
TMUS:
3.73
PANW:
$10.61B
TMUS:
$90.53B
PANW:
$7.63B
TMUS:
$34.92B
PANW:
$1.33B
TMUS:
$28.22B
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Return for Risk
PANW vs. TMUS — Risk / Return Rank
PANW
TMUS
PANW vs. TMUS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Palo Alto Networks, Inc. (PANW) and T-Mobile US, Inc. (TMUS). 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 | TMUS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.70 | ||
| Sortino ratioReturn per unit of downside risk | +2.36 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 0.91 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.16 | -0.52 | +1.68 |
| Martin ratioReturn relative to average drawdown | 2.62 | -0.88 | +3.50 |
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Drawdowns
PANW vs. TMUS - Drawdown Comparison
The maximum PANW drawdown since its inception was -47.98%, smaller than the maximum TMUS drawdown of -86.29%. Use the drawdown chart below to compare losses from any high point for PANW and TMUS.
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Drawdown Indicators
| PANW | TMUS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.98% | -86.29% | +38.31% |
Max Drawdown (1Y)Largest decline over 1 year | -36.01% | -30.37% | -5.64% |
Max Drawdown (3Y)Largest decline over 3 years | -36.01% | -33.65% | -2.36% |
Max Drawdown (5Y)Largest decline over 5 years | -36.01% | -33.65% | -2.36% |
Max Drawdown (10Y)Largest decline over 10 years | -47.98% | -33.65% | -14.33% |
Current DrawdownCurrent decline from peak | -6.94% | -29.12% | +22.18% |
Average DrawdownAverage peak-to-trough decline | -14.68% | -25.96% | +11.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.87% | 17.87% | -2.00% |
Volatility
PANW vs. TMUS - Volatility Comparison
Palo Alto Networks, Inc. (PANW) has a higher volatility of 16.97% compared to T-Mobile US, Inc. (TMUS) at 7.72%. This indicates that PANW's price experiences larger fluctuations and is considered to be riskier than TMUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PANW | TMUS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.97% | 7.72% | +9.25% |
Volatility (6M)Calculated over the trailing 6-month period | 32.33% | 19.08% | +13.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.96% | 24.99% | +13.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.72% | 23.90% | +17.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.62% | 26.08% | +12.54% |
Dividends
PANW vs. TMUS - Dividend Comparison
PANW has not paid dividends to shareholders, while TMUS's dividend yield for the trailing twelve months is around 2.08%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
PANW Palo Alto Networks, Inc. | 0.00% | 0.00% | 0.00% | 0.00% |
TMUS T-Mobile US, Inc. | 2.08% | 1.80% | 1.28% | 0.41% |
Financials
PANW vs. TMUS - Financials Comparison
This section allows you to compare key financial metrics between Palo Alto Networks, Inc. and T-Mobile US, 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. TMUS - Profitability Comparison
PANW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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%.
TMUS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, T-Mobile US, Inc. reported a gross profit of 0.00 and revenue of 23.11B. Therefore, the gross margin over that period was 0.0%.
PANW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 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%.
TMUS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, T-Mobile US, Inc. reported an operating income of 4.50B and revenue of 23.11B, resulting in an operating margin of 19.5%.
PANW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 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%.
TMUS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, T-Mobile US, Inc. reported a net income of 2.50B and revenue of 23.11B, resulting in a net margin of 10.8%.
Frequently Asked Questions
PANW and TMUS have a correlation of -0.10, 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 TMUS (7.72%). In terms of maximum drawdown, PANW dropped -47.98% vs TMUS's -86.29%.
PANW currently has the higher Sharpe Ratio (1.07 vs -0.63), 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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