STZ vs. PANW

Last updated Jun 23, 2026

STZ (Constellation Brands, Inc.) and PANW (Palo Alto Networks, Inc.) are both stocks. STZ operates in Beverages - Wineries & Distilleries (Consumer Defensive), while PANW operates in Software - Infrastructure (Technology). Over the past 10 years, STZ returned 0.82%/yr vs 30.30%/yr for PANW. At a 0.19 correlation, their price movements are largely independent.

Performance

STZ vs. PANW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Constellation Brands, Inc. (STZ) and Palo Alto Networks, Inc. (PANW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, STZ achieves a 3.93% return, which is significantly lower than PANW's 55.48% return. Over the past 10 years, STZ has underperformed PANW with an annualized return of 0.82%, while PANW has yielded a comparatively higher 30.30% annualized return.

STZ

• 1D: 0.23%
• 1M: -5.34%
• YTD: 3.93%
• 6M: 1.16%
• 1Y: -10.50%
• 3Y*: -14.70%
• 5Y*: -7.16%
• 10Y*: 0.82%

PANW

• 1D: -0.48%
• 1M: 9.91%
• YTD: 55.48%
• 6M: 51.14%
• 1Y: 43.75%
• 3Y*: 32.91%
• 5Y*: 36.07%
• 10Y*: 30.30%

*Multi-year figures are annualized to reflect compound growth (CAGR)

STZ vs. PANW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
STZ Constellation Brands, Inc.	3.93%	-35.99%	-7.11%	5.83%	-6.43%	16.12%	17.41%	19.85%	-28.73%	50.69%
PANW Palo Alto Networks, Inc.	55.48%	1.23%	23.41%	111.32%	-24.81%	56.66%	53.68%	22.78%	29.95%	15.91%

Correlation

The correlation between STZ and PANW is -0.17, 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	-0.17
Correlation (3Y) Calculated over the trailing 3-year period	-0.03
Correlation (5Y) Calculated over the trailing 5-year period	0.08
Correlation (10Y) Calculated over the trailing 10-year period	0.16
Correlation (All Time) Calculated using the full available price history since Jul 20, 2012	0.19

The correlation between STZ and PANW shifts across timeframes, from -0.17 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap STZ : $24.58B PANW : $213.08B
EPS STZ : $11.23 PANW : $1.17
PE Ratio STZ : 12.60 PANW : 244.25
PEG Ratio STZ : 7.85 PANW : 0.02
PS Ratio STZ : 2.71 PANW : 19.41
PB Ratio STZ : 2.93 PANW : 7.70
Total Revenue (TTM) STZ : $9.14B PANW : $10.61B
Gross Profit (TTM) STZ : $4.71B PANW : $7.63B
EBITDA (TTM) STZ : $3.05B PANW : $1.33B

Return for Risk

STZ vs. PANW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

STZ

STZ Risk / Return Rank: 27
STZ Sharpe Ratio Rank: 27
STZ Sortino Ratio Rank: 24
STZ Omega Ratio Rank: 25
STZ Calmar Ratio Rank: 28
STZ Martin Ratio Rank: 29

PANW

PANW Risk / Return Rank: 69
PANW Sharpe Ratio Rank: 75
PANW Sortino Ratio Rank: 69
PANW Omega Ratio Rank: 70
PANW Calmar Ratio Rank: 66
PANW Martin Ratio Rank: 66

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

STZ vs. PANW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Constellation Brands, Inc. (STZ) and Palo Alto Networks, Inc. (PANW). 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.

	STZ	PANW	Difference
Sharpe ratio: Return per unit of total volatility	-0.35	1.13	-1.48
Sortino ratio: Return per unit of downside risk	-0.31	1.63	-1.94
Omega ratio: Gain probability vs. loss probability	0.96	1.21	-0.25
Calmar ratio: Return relative to maximum drawdown	-0.40	1.22	-1.62
Martin ratio: Return relative to average drawdown	-0.69	2.76	-3.45

STZ vs. PANW - Sharpe Ratio Comparison

The current STZ Sharpe Ratio is -0.35, which is lower than the PANW Sharpe Ratio of 1.13. The chart below compares the historical Sharpe Ratios of STZ and PANW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

STZ vs. PANW - Drawdown Comparison

The maximum STZ drawdown since its inception was -67.39%, which is greater than PANW's maximum drawdown of -47.98%. Use the drawdown chart below to compare losses from any high point for STZ and PANW.

Drawdown Indicators

	STZ	PANW	Difference
Max Drawdown Largest peak-to-trough decline	-67.39%	-47.98%	-19.41%
Max Drawdown (1Y) Largest decline over 1 year	-26.51%	-36.01%	+9.50%
Max Drawdown (3Y) Largest decline over 3 years	-51.28%	-36.01%	-15.27%
Max Drawdown (5Y) Largest decline over 5 years	-51.28%	-36.01%	-15.27%
Max Drawdown (10Y) Largest decline over 10 years	-53.53%	-47.98%	-5.55%
Current Drawdown Current decline from peak	-45.28%	-4.69%	-40.59%
Average Drawdown Average peak-to-trough decline	-16.61%	-14.67%	-1.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.17%	15.89%	-0.72%

Volatility

STZ vs. PANW - Volatility Comparison

The current volatility for Constellation Brands, Inc. (STZ) is 8.40%, while Palo Alto Networks, Inc. (PANW) has a volatility of 16.22%. This indicates that STZ experiences smaller price fluctuations and is considered to be less risky than PANW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	STZ	PANW	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.40%	16.22%	-7.82%
Volatility (6M) Calculated over the trailing 6-month period	23.55%	32.17%	-8.62%
Volatility (1Y) Calculated over the trailing 1-year period	30.36%	39.05%	-8.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.57%	41.75%	-17.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.99%	38.64%	-11.65%

Dividends

STZ vs. PANW - Dividend Comparison

STZ's dividend yield for the trailing twelve months is around 2.89%, while PANW has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PANW Palo Alto Networks, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
STZ Constellation Brands, Inc.	2.89%	2.95%	1.77%	1.44%	1.36%	1.21%	1.37%	1.58%	1.70%	0.86%	0.98%	0.65%

Financials

STZ vs. PANW - Profitability Comparison

The chart below illustrates the profitability comparison between Constellation Brands, Inc. and Palo Alto Networks, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

STZ - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Constellation Brands, Inc. reported a gross profit of 941.60M and revenue of 1.92B. Therefore, the gross margin over that period was 49.0%.

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%.

STZ - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Constellation Brands, Inc. reported an operating income of 357.10M and revenue of 1.92B, resulting in an operating margin of 18.6%.

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%.

STZ - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Constellation Brands, Inc. reported a net income of 477.70M and revenue of 1.92B, resulting in a net margin of 24.9%.

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%.

Frequently Asked Questions

Can I hold both STZ and PANW in my portfolio?

STZ and PANW have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, STZ or PANW?

PANW has higher volatility (16.22%) compared to STZ (8.40%). In terms of maximum drawdown, STZ dropped -67.39% vs PANW's -47.98%.

Which has better risk-adjusted returns?

PANW currently has the higher Sharpe Ratio (1.13 vs -0.35), 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.