TWLO vs. PANW
TWLO (Twilio Inc.) and PANW (Palo Alto Networks, Inc.) are both stocks. TWLO operates in Internet Content & Information (Communication Services), while PANW operates in Software - Infrastructure (Technology). Over the past 5 years, TWLO returned -7.54%/yr vs 35.30%/yr for PANW. At a 0.48 correlation, their price movements are largely independent.
Performance
TWLO vs. PANW - Performance Comparison
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Returns By Period
In the year-to-date period, TWLO achieves a 49.42% return, which is significantly higher than PANW's 44.59% return.
TWLO
- 1D
- -5.95%
- 1M
- 5.37%
- YTD
- 49.42%
- 6M
- 63.33%
- 1Y
- 74.60%
- 3Y*
- 49.28%
- 5Y*
- -7.54%
- 10Y*
- —
PANW
- 1D
- -2.10%
- 1M
- 28.12%
- YTD
- 44.59%
- 6M
- 36.33%
- 1Y
- 33.43%
- 3Y*
- 34.26%
- 5Y*
- 35.30%
- 10Y*
- 28.39%
TWLO vs. PANW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TWLO Twilio Inc. | 49.42% | 31.61% | 42.45% | 54.96% | -81.41% | -22.20% | 244.42% | 10.06% | 278.39% | -18.20% |
PANW Palo Alto Networks, Inc. | 44.59% | 1.23% | 23.41% | 111.32% | -24.81% | 56.66% | 53.68% | 22.78% | 29.95% | 15.91% |
Correlation
The correlation between TWLO and PANW is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 2016 | 0.48 |
The correlation between TWLO and PANW has been stable across timeframes, ranging from 0.46 to 0.50 - a consistent structural relationship.
Fundamentals
TWLO:
$33.53B
PANW:
$198.15B
TWLO:
$0.66
PANW:
$1.17
TWLO:
321.50
PANW:
227.13
TWLO:
6.30
PANW:
18.05
TWLO:
4.31
PANW:
7.16
TWLO:
$5.30B
PANW:
$10.61B
TWLO:
$2.59B
PANW:
$7.63B
TWLO:
$304.06M
PANW:
$1.33B
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Return for Risk
TWLO vs. PANW — Risk / Return Rank
TWLO
PANW
TWLO vs. PANW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Twilio Inc. (TWLO) 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.
| TWLO | PANW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.18 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.47 | 0.93 | +1.54 |
| Martin ratioReturn relative to average drawdown | 5.64 | 2.12 | +3.52 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TWLO | PANW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 0.87 | +0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.13 | 0.85 | -0.98 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.74 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.71 | -0.34 |
Drawdowns
TWLO vs. PANW - Drawdown Comparison
The maximum TWLO drawdown since its inception was -90.36%, which is greater than PANW's maximum drawdown of -47.98%. Use the drawdown chart below to compare losses from any high point for TWLO and PANW.
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Drawdown Indicators
| TWLO | PANW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.36% | -47.98% | -42.38% |
Max Drawdown (1Y)Largest decline over 1 year | -30.34% | -36.01% | +5.67% |
Max Drawdown (3Y)Largest decline over 3 years | -45.17% | -36.01% | -9.16% |
Max Drawdown (5Y)Largest decline over 5 years | -89.57% | -36.01% | -53.56% |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.98% | — |
Current DrawdownCurrent decline from peak | -52.08% | -11.37% | -40.71% |
Average DrawdownAverage peak-to-trough decline | -49.52% | -14.69% | -34.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.27% | 15.82% | -2.55% |
Volatility
TWLO vs. PANW - Volatility Comparison
Twilio Inc. (TWLO) has a higher volatility of 22.30% compared to Palo Alto Networks, Inc. (PANW) at 17.10%. This indicates that TWLO's price experiences larger fluctuations and is considered to be riskier than PANW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TWLO | PANW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.30% | 17.10% | +5.20% |
Volatility (6M)Calculated over the trailing 6-month period | 43.19% | 31.83% | +11.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.55% | 38.54% | +22.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.36% | 41.65% | +17.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.77% | 38.59% | +22.18% |
Dividends
TWLO vs. PANW - Dividend Comparison
Neither TWLO nor PANW has paid dividends to shareholders.
Financials
TWLO vs. PANW - Financials Comparison
This section allows you to compare key financial metrics between Twilio Inc. and Palo Alto 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
TWLO vs. PANW - Profitability Comparison
TWLO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Twilio Inc. reported a gross profit of 684.24M and revenue of 1.41B. Therefore, the gross margin over that period was 48.6%.
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%.
TWLO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Twilio Inc. reported an operating income of 107.67M and revenue of 1.41B, resulting in an operating margin of 7.7%.
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%.
TWLO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Twilio Inc. reported a net income of 90.14M and revenue of 1.41B, resulting in a net margin of 6.4%.
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
TWLO and PANW have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TWLO has higher volatility (22.30%) compared to PANW (17.10%). In terms of maximum drawdown, TWLO dropped -90.36% vs PANW's -47.98%.
TWLO currently has the higher Sharpe Ratio (1.24 vs 0.87), 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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