Compare/Updated Oct 26, 2026, refreshed every trading day
PANW vs CRWD
Palo Alto Networks, Inc. against CrowdStrike Holdings, Inc.: 4 years of returns, risk and today’s technical read, from Kavout’s own data.
CRWD did better over the period, turning $1,000 invested on October 28, 2022 into $6,296, versus $4,449 for PANW. Its total return was 529.6%, compared with PANW’s 344.9%, and CRWD also led over the 1-month, 3-month, 6-month, YTD, 1-year, and 3-year periods. The performance advantage came with higher risk: CRWD’s 12-month volatility was 56.2%, versus 49.6% for PANW, and its worst drawdown was -44.4%, compared with PANW’s -36.0%. CRWD won 34 of the last 48 months, while PANW won 14, with a typical monthly performance gap of 6.94 points. Their daily moves were positively correlated, at 0.674 overall and 0.857 over the last 12 months, so CRWD’s stronger performance came with meaningful shared exposure to the cybersecurity sector rather than independent diversification.
- Price is above its 200-day average ($265); 50-day at $370.
- RSI 52, neutral. Supertrend says sell. ADX 17, so the trend is weak.
- Price is above its 200-day average ($164); 50-day at $235.
- RSI 56, neutral. Supertrend says sell. ADX 20, so the trend is developing.
Head to head
Which has returned more, PANW or CRWD?
PANW beat CRWD in 14 of the last 48 months; CRWD won the other 34. The typical monthly gap was 6.94 points.
Total return by period
Which is riskier?
PANW: Oct 28, 2025 to Feb 24, 2026; CRWD: Jul 1, 2024 to Aug 2, 2024
- 0.674
- correlation of daily moves, 4 years
- 0.58
- PANW move per 1% in CRWD
- 0.857
- correlation, last 12 months
Month by month
Of the last 48 months. The typical gap was 6.94 points.
When did they diverge?
| Month | PANW | CRWD | Gap |
|---|---|---|---|
| July 2024 | -4.2% | -39.5% | +35.26 pts |
| June 2023 | +19.7% | -8.3% | +28.01 pts |
| November 2022 | -1.0% | -27.0% | +26.03 pts |
| February 2024 | -8.3% | +10.8% | -19.08 pts |
Where the numbers come from. 1000 daily adjusted closes per fund from the Kavout market-data API, dividends included. Signals and indicators are Kavout’s own, refreshed nightly. Every figure is calculated from those adjusted closes.
Holdings and fees
What do you actually own with PANW and CRWD?
- Price
- $380.55
- Price
- $257.57
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