PANW vs SPY
Comparison between Palo Alto Networks Inc (PANW, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformancePANW has outperformed SPY, delivering a return of +29.5% compared to +13.3%
PANW vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap / Net Assets
PANW
$129B
Winner
SPY
$652B
Expense Ratio
PANW
N/A
SPY
0.09%
Max Drawdown
Winner
PANW
47.98%
SPY
56.47%
Sharpe Ratio
PANW
0.36
Winner
SPY
2.07
5Y Beta
PANW
1.17
Winner
SPY
1.00
Industry
PANW
Software - Infrastructure
SPY
N/A
P/E Ratio
PANW
98.19
Winner
SPY
28.24
Forward P/E
PANW
46.30
Winner
SPY
21.85
PEG Ratio
PANW
3.09
SPY
N/A
5Y Dividends CAGR
PANW
N/A
SPY
5.43%
5Y EPS CAGR
PANW
N/A
SPY
25.79%
Debt to Equity
Winner
PANW
0.00%
SPY
22.35%
Free Cash Flow Yield
PANW
3.08%
SPY
N/A
P/S Ratio
PANW
15.06
Winner
SPY
3.55
P/B Ratio
PANW
15.88
Winner
SPY
5.29
PANW vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
PANW
+19.62%
SPY
+9.11%
3M
Winner
PANW
+25.23%
SPY
+6.59%
6M
PANW
-2.08%
Winner
SPY
+10.56%
1Y
PANW
+10.26%
Winner
SPY
+32.04%
5Y(CAGR)
Winner
PANW
+29.50%
SPY
+13.35%
10Y(CAGR)
Winner
PANW
+24.52%
SPY
+15.49%
Max(CAGR)
Winner
PANW
+25.70%
SPY
+8.50%
PANW vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | PANW | SPY |
|---|---|---|
| 2026 | +15.89% | +8.27% |
| 2025 | +1.91% | +18.00% |
| 2024 | +25.96% | +25.59% |
| 2023 | +112.99% | +26.72% |
| 2022 | -23.08% | -18.64% |
| 2021 | +58.32% | +30.52% |
| 2020 | +50.97% | +17.28% |
| 2019 | +26.22% | +31.09% |
| 2018 | +26.79% | -5.24% |
| 2017 | +14.18% | +20.78% |
| 2016 | -27.09% | +13.59% |
| 2015 | +45.07% | +1.31% |
| 2014 | +120.21% | +14.56% |
| 2013 | +12.18% | +29.00% |
| 2012 | +0.73% | +14.17% |
| 2011 | N/A | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
PANW vs SPY Drawdown Comparison
The maximum drawdown for PANW was -47.98%, occurring on Mar 18, 2020. Recovery took 360 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current PANW drawdown is -6.10%.
| Rank | PANW | SPY |
|---|---|---|
| #1 | -47.98% Feb 27, 2019 - Jul 31, 2020 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -45.20% Jul 23, 2015 - May 7, 2018 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -44.86% Sep 10, 2012 - Feb 13, 2014 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -36.01% Oct 28, 2025 - Feb 24, 2026 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -36.00% Apr 13, 2022 - May 26, 2023 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -30.81% Sep 12, 2018 - Feb 27, 2019 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -30.49% Feb 9, 2024 - Oct 21, 2024 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -26.81% Feb 18, 2025 - Oct 2, 2025 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -26.70% Mar 18, 2014 - Jun 16, 2014 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -20.17% Feb 19, 2021 - Jul 20, 2021 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -19.51% Jul 5, 2023 - Oct 11, 2023 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -18.84% Aug 20, 2020 - Nov 16, 2020 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -17.31% Dec 6, 2024 - Feb 18, 2025 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -16.34% Dec 27, 2021 - Feb 25, 2022 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -14.60% Oct 3, 2014 - Oct 23, 2014 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between PANW and SPY is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.
0.96
-101
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