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Relative Intelligence · Cybersecurity

How CrowdStrike (CRWD) compares with the whole market and its popular alternatives

Built by QuantCommons' quantitative engine, this page is about relative opportunity, not data on CRWD alone. It places CRWD (CrowdStrike Holdings, Inc.) against 20+ popular alternatives, its neighboring categories and the entire market of over 10,000 U.S.-listed stocks and ETFs, and surfaces what has done better on consistent outperformance, return for the risk taken, behavior in real market crashes and diversification. The result is a clearer view of where CRWD stands in the market, and of the alternatives worth a closer look.

Period covered: CRWD's full trading record, from June 2019 through September 2026. The crash tests reach back to 2000 using older funds and the S&P 500. All returns include reinvested dividends. Data as of October 20, 2026.

Data as of October 20, 2026. Full tables and charts read best on a larger screen.

Rank the market against CRWD →Chart CRWD vs. 21 alternatives →
On this page12 sections

Key findings

How much would $10,000 in CRWD have grown?

This chart tracks a hypothetical $10,000 investment in CRWD over the past 7 years, with dividends reinvested, alongside the same amount in the S&P 500, investments that ended ahead of CRWD over the same span and CRWD's popular alternatives, among those that traded for the entire period. A second view covers the past 5 years, the period the better options further down the page are judged on. It shows not only where each investment ended up but also how smooth or uneven the path was.

Note: CRWD began trading on June 12, 2019, so the chart cannot reach back to the dot-com bust, the 2008 financial crisis or five other sell-offs. It covers the most recent 7 years of CRWD's record, starting at the end of September 2019.

Choose a period

From the end of September 2019 to the end of September 2026. The scale is logarithmic, so equal steps up the chart are equal percentage gains. Hover over a fund in the key to pick out its line. 27 of the 3,144 stocks and funds worth at least $500 million that traded the whole period ended ahead of CRWD; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.

$10,000$20,000$50,000$100,000$200,000$500,00020192020202120222023202420252026$10,000$100,0002019202120232025
  • NVDA$528,672+5,187% total · +76.3% a year
  • FIX$388,188+3,782% total · +68.7% a year
  • DELL$225,435+2,154% total · +56.1% a year
  • STX$215,849+2,058% total · +55.1% a year
  • NET$187,012+1,770% total · +51.9% a year
  • CRWD$181,581+1,716% total · +51.3% a year
  • PANW$116,957+1,070% total · +42.1% a year
  • FTNT$116,452+1,065% total · +42.0% a year
  • SPY (S&P 500)$28,402+184% total · +16.1% a year
  • OKTA$21,239+112% total · +11.4% a year
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From the end of September 2021 to the end of September 2026. The scale is logarithmic, so equal steps up the chart are equal percentage gains. Hover over a fund in the key to pick out its line. 173 of the 3,628 stocks and funds worth at least $500 million that traded the whole period ended ahead of CRWD; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.

$5,000$10,000$20,000$50,000$100,000202120222023202420252026$5,000$10,000$20,000$50,000$100,000202120222023202420252026
  • ANET$94,783+848% total · +56.8% a year
  • AVGO$79,117+691% total · +51.2% a year
  • ASX$70,798+608% total · +47.9% a year
  • KLAC$61,203+512% total · +43.7% a year
  • PANW$49,770+398% total · +37.8% a year
  • CRWD$43,090+331% total · +33.9% a year
  • FTNT$30,603+206% total · +25.1% a year
  • SPY (S&P 500)$19,000+90.0% total · +13.7% a year
  • QLYS$16,821+68.2% total · +11.0% a year
  • OKTA$8,811−11.9% total · −2.5% a year
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CRWD at a glance

This section summarizes the key facts about the stock, its returns over periods from one to ten years and the risk it has carried, with dividends reinvested throughout. These figures serve as the baseline for every comparison that follows.

Note: CRWD began trading on June 12, 2019, so every figure here, including its worst decline, covers only the time since then. None of them reflect the dot-com bust, the 2008 financial crisis or five other sell-offs.

The company

Market value
$233B
Industry
Software - Infrastructure
Price history from
June 2019

Returns

Past 1 year
+80.6%total return
Past 3 years
+409%+72.0% a year
Past 5 years
+221%+26.3% a year
Best calendar year
+325%2020
Worst calendar year
−48.6%2022
Losing years
2 of 6full calendar years

Risk

Volatility
52.7%typical yearly swing, 5 years
Sharpe ratio
0.71return per unit of risk, 5 years
Worst decline ever
−67.7%Nov 2021 to Jan 2023
From its all-time high
−18.5%below the peak

CRWD against the whole market

Where CRWD ranks among every stock and fund, and what across the market has done better.

How does CRWD rank among all stocks?

This section ranks CRWD on return, volatility, risk-adjusted return and worst decline against every stock worth at least $300 million with enough history. Where the comparisons with its popular alternatives show how CRWD stacks up against its peers, these rankings show where it stands in the market as a whole.

Ranked against U.S.-listed stocks worth at least $300M that have enough history for each measure, so the count changes from row to row; smaller stocks are left out. Lower volatility and smaller declines rank higher.

MeasureCRWDRankStanding
1-year return+80.6%272 of 3,287top 8%
3-year return+409%142 of 3,017top 5%
5-year return+221%277 of 2,893top 10%
Volatility, 5 years52.7%2,022 of 2,893bottom 31%
Sharpe ratio, 5 years0.71446 of 2,893top 15%

What has beaten CRWD on both return and risk?

Each dot is an investment, placed by how much it earned a year over the past 5 years (higher is better) and how much its price swung, its volatility (further left is calmer). CRWD sits where the dashed lines cross. Anything in the green box above and to the left earned more than CRWD with smaller swings, a better trade-off over this period on both counts. Past results are no promise, but a name in the box is worth a closer look.

Annual return is the annualized total return with dividends reinvested, and volatility the annualized swing in daily prices, both over 5 years. Labeled dots are the strongest picks from the table below and the names called out above, colored by how close they sit to CRWD; faint dots are 90 more of the 138 in the green region (the strongest, one per fund family). 3,633 stocks and funds worth at least $500 million were screened. Hover over a dot for its figures.

10.0%20.0%30.0%40.0%50.0%60.0%10.0%20.0%30.0%40.0%50.0%60.0%70.0%80.0%Volatility over 5 years (annualized)Annual return over 5 yearsMore return, less volatility than CRWDHSBC: +33.1% a year, volatility 25.9%CAT: +31.1% a year, volatility 31.9%MUFG: +33.2% a year, volatility 29.4%MCK: +38.7% a year, volatility 25.0%INSW: +56.5% a year, volatility 40.5%APH: +33.8% a year, volatility 32.2%IBKR: +35.4% a year, volatility 35.4%MFG: +33.6% a year, volatility 30.6%SMFG: +33.7% a year, volatility 29.4%PWR: +39.3% a year, volatility 37.2%GLW: +31.4% a year, volatility 42.1%VST: +53.4% a year, volatility 48.6%HPE: +32.9% a year, volatility 42.2%ESLT: +39.8% a year, volatility 34.6%EME: +43.0% a year, volatility 35.3%BAP: +30.8% a year, volatility 30.3%CASY: +29.9% a year, volatility 29.3%CW: +30.8% a year, volatility 28.7%RL: +28.6% a year, volatility 36.9%COKE: +41.2% a year, volatility 38.0%MLI: +38.9% a year, volatility 33.4%FRO: +52.6% a year, volatility 49.7%SANM: +34.7% a year, volatility 47.8%SNEX: +33.0% a year, volatility 37.3%VCTR: +28.1% a year, volatility 35.0%TRMD: +54.3% a year, volatility 45.9%NHC: +32.0% a year, volatility 28.5%DHT: +38.7% a year, volatility 39.0%USLM: +35.6% a year, volatility 36.1%HWKN: +29.1% a year, volatility 36.5%HURN: +29.7% a year, volatility 40.7%UFPT: +35.8% a year, volatility 46.0%PLPC: +40.5% a year, volatility 48.3%ESQ: +31.7% a year, volatility 31.7%STX: +57.4% a year, volatility 48.7%IGIC: +30.8% a year, volatility 30.9%SCCO: +32.0% a year, volatility 40.7%ODC: +35.9% a year, volatility 36.9%NWPX: +32.5% a year, volatility 36.2%PH: +27.4% a year, volatility 28.8%AEM: +29.5% a year, volatility 38.4%CLMB: +37.8% a year, volatility 45.5%WPM: +27.5% a year, volatility 36.9%SAN: +31.7% a year, volatility 33.9%BBVA: +38.7% a year, volatility 33.3%JBL: +35.8% a year, volatility 39.6%SBS: +39.1% a year, volatility 37.1%NVT: +35.4% a year, volatility 38.0%CHEF: +27.5% a year, volatility 39.8%LRCX: +37.4% a year, volatility 49.9%AIT: +28.5% a year, volatility 30.3%MPC: +51.2% a year, volatility 33.4%PBR-A: +51.8% a year, volatility 37.5%JXN: +41.7% a year, volatility 43.3%SMH: +33.4% a year, volatility 36.9%STLD: +32.2% a year, volatility 38.0%HWM: +47.3% a year, volatility 32.5%TFPM: +29.3% a year, volatility 37.7%GFF: +36.4% a year, volatility 41.7%SOXQ: +28.3% a year, volatility 38.9%AGI: +32.6% a year, volatility 42.4%ATI: +61.8% a year, volatility 42.9%CRS: +63.9% a year, volatility 46.5%NPO: +28.1% a year, volatility 36.0%TNK: +50.5% a year, volatility 45.1%STNG: +37.9% a year, volatility 43.6%GLNG: +29.4% a year, volatility 37.8%MTRN: +27.9% a year, volatility 46.1%LPG: +54.6% a year, volatility 43.6%CVSA: +28.9% a year, volatility 43.3%HCC: +29.5% a year, volatility 48.5%PAM: +30.2% a year, volatility 45.1%GE: +36.0% a year, volatility 31.0%BLX: +31.4% a year, volatility 25.9%EZPW: +33.2% a year, volatility 35.4%PBR: +50.3% a year, volatility 37.5%TEN: +46.9% a year, volatility 46.3%TK: +47.1% a year, volatility 41.7%PBT: +37.8% a year, volatility 47.2%AKO-A: +28.4% a year, volatility 42.8%VLO: +44.2% a year, volatility 36.9%PSX: +33.2% a year, volatility 32.9%IRS: +34.5% a year, volatility 48.9%ASC: +41.7% a year, volatility 44.8%SU: +33.1% a year, volatility 32.5%TRGP: +41.8% a year, volatility 31.7%IMO: +34.3% a year, volatility 32.0%RCL: +28.8% a year, volatility 48.4%FTI: +54.1% a year, volatility 41.3%AU: +40.4% a year, volatility 49.9%CRWD: +26.3% a year, volatility 52.7%SPY (S&P 500): +12.7% a year, volatility 17.1%PANW: +31.9% a year, volatility 43.4%AVGO: +48.3% a year, volatility 44.5%ANET: +49.0% a year, volatility 49.0%KLAC: +38.7% a year, volatility 46.7%ASX: +48.8% a year, volatility 43.0%TSM: +31.5% a year, volatility 38.5%TSEM: +42.5% a year, volatility 52.2%CAH: +42.1% a year, volatility 24.7%FIX: +77.0% a year, volatility 46.7%LLY: +40.7% a year, volatility 32.8%DELL: +55.2% a year, volatility 54.4%XOM: +27.1% a year, volatility 26.5%DXJ: +26.6% a year, volatility 19.1%EPU: +29.5% a year, volatility 24.9%KNSA: +50.2% a year, volatility 53.7%CRWDSPY (S&P 500)PANWAVGOANETKLACASXTSMTSEMCAHFIXLLYDELLXOMDXJEPUKNSA10.0%20.0%30.0%40.0%50.0%60.0%0.0%20.0%40.0%60.0%80.0%Volatility over 5 years (annualized)Annual return over 5 yearsMore return, less volatility than CRWDHSBC: +33.1% a year, volatility 25.9%CAT: +31.1% a year, volatility 31.9%MUFG: +33.2% a year, volatility 29.4%MCK: +38.7% a year, volatility 25.0%INSW: +56.5% a year, volatility 40.5%APH: +33.8% a year, volatility 32.2%IBKR: +35.4% a year, volatility 35.4%MFG: +33.6% a year, volatility 30.6%SMFG: +33.7% a year, volatility 29.4%PWR: +39.3% a year, volatility 37.2%GLW: +31.4% a year, volatility 42.1%VST: +53.4% a year, volatility 48.6%HPE: +32.9% a year, volatility 42.2%ESLT: +39.8% a year, volatility 34.6%EME: +43.0% a year, volatility 35.3%BAP: +30.8% a year, volatility 30.3%CASY: +29.9% a year, volatility 29.3%CW: +30.8% a year, volatility 28.7%RL: +28.6% a year, volatility 36.9%COKE: +41.2% a year, volatility 38.0%MLI: +38.9% a year, volatility 33.4%FRO: +52.6% a year, volatility 49.7%SANM: +34.7% a year, volatility 47.8%SNEX: +33.0% a year, volatility 37.3%VCTR: +28.1% a year, volatility 35.0%TRMD: +54.3% a year, volatility 45.9%NHC: +32.0% a year, volatility 28.5%DHT: +38.7% a year, volatility 39.0%USLM: +35.6% a year, volatility 36.1%HWKN: +29.1% a year, volatility 36.5%HURN: +29.7% a year, volatility 40.7%UFPT: +35.8% a year, volatility 46.0%PLPC: +40.5% a year, volatility 48.3%ESQ: +31.7% a year, volatility 31.7%STX: +57.4% a year, volatility 48.7%IGIC: +30.8% a year, volatility 30.9%SCCO: +32.0% a year, volatility 40.7%ODC: +35.9% a year, volatility 36.9%NWPX: +32.5% a year, volatility 36.2%PH: +27.4% a year, volatility 28.8%AEM: +29.5% a year, volatility 38.4%CLMB: +37.8% a year, volatility 45.5%WPM: +27.5% a year, volatility 36.9%SAN: +31.7% a year, volatility 33.9%BBVA: +38.7% a year, volatility 33.3%JBL: +35.8% a year, volatility 39.6%SBS: +39.1% a year, volatility 37.1%NVT: +35.4% a year, volatility 38.0%CHEF: +27.5% a year, volatility 39.8%LRCX: +37.4% a year, volatility 49.9%AIT: +28.5% a year, volatility 30.3%MPC: +51.2% a year, volatility 33.4%PBR-A: +51.8% a year, volatility 37.5%JXN: +41.7% a year, volatility 43.3%SMH: +33.4% a year, volatility 36.9%STLD: +32.2% a year, volatility 38.0%HWM: +47.3% a year, volatility 32.5%TFPM: +29.3% a year, volatility 37.7%GFF: +36.4% a year, volatility 41.7%SOXQ: +28.3% a year, volatility 38.9%AGI: +32.6% a year, volatility 42.4%ATI: +61.8% a year, volatility 42.9%CRS: +63.9% a year, volatility 46.5%NPO: +28.1% a year, volatility 36.0%TNK: +50.5% a year, volatility 45.1%STNG: +37.9% a year, volatility 43.6%GLNG: +29.4% a year, volatility 37.8%MTRN: +27.9% a year, volatility 46.1%LPG: +54.6% a year, volatility 43.6%CVSA: +28.9% a year, volatility 43.3%HCC: +29.5% a year, volatility 48.5%PAM: +30.2% a year, volatility 45.1%GE: +36.0% a year, volatility 31.0%BLX: +31.4% a year, volatility 25.9%EZPW: +33.2% a year, volatility 35.4%PBR: +50.3% a year, volatility 37.5%TEN: +46.9% a year, volatility 46.3%TK: +47.1% a year, volatility 41.7%PBT: +37.8% a year, volatility 47.2%AKO-A: +28.4% a year, volatility 42.8%VLO: +44.2% a year, volatility 36.9%PSX: +33.2% a year, volatility 32.9%IRS: +34.5% a year, volatility 48.9%ASC: +41.7% a year, volatility 44.8%SU: +33.1% a year, volatility 32.5%TRGP: +41.8% a year, volatility 31.7%IMO: +34.3% a year, volatility 32.0%RCL: +28.8% a year, volatility 48.4%FTI: +54.1% a year, volatility 41.3%AU: +40.4% a year, volatility 49.9%CRWD: +26.3% a year, volatility 52.7%SPY (S&P 500): +12.7% a year, volatility 17.1%PANW: +31.9% a year, volatility 43.4%AVGO: +48.3% a year, volatility 44.5%ANET: +49.0% a year, volatility 49.0%KLAC: +38.7% a year, volatility 46.7%ASX: +48.8% a year, volatility 43.0%TSM: +31.5% a year, volatility 38.5%TSEM: +42.5% a year, volatility 52.2%CAH: +42.1% a year, volatility 24.7%FIX: +77.0% a year, volatility 46.7%LLY: +40.7% a year, volatility 32.8%DELL: +55.2% a year, volatility 54.4%XOM: +27.1% a year, volatility 26.5%DXJ: +26.6% a year, volatility 19.1%EPU: +29.5% a year, volatility 24.9%KNSA: +50.2% a year, volatility 53.7%CRWDSPY (S&P 500)PANWAVGOKLACASXTSMTSEMCAHFIXLLYDELLXOMDXJKNSA
  • Popular alternatives
  • Same and neighboring categories, and shared themes
  • The whole market
  • Others in the green region

Is there a better investment than CRWD?

Investments that beat CRWD over the past 5 years on return, volatility, drawdowns, consistency, crash losses or fees, from its popular alternatives out to the whole market.

How this works

The table below lists investments that beat CRWD over the past 5 years on at least one of these measures: a higher annual return with lower volatility, a higher annual return at similar volatility, a similar return with lower volatility, a higher Sharpe ratio with a smaller worst decline, a higher total return in most periods from 3 months to 10 years, or smaller losses in recent market crashes. It checks CRWD's popular alternatives first, then the rest of its own and neighboring categories, then every stock and fund worth at least $500 million, and shows the strongest few in each group. The full list of those with a higher return and lower volatility than CRWD follows the table.

Annual return is the annualized total return with dividends reinvested. Annual return, volatility and the Sharpe ratio cover 5 years; the worst decline covers the past 10 years. Green marks a better figure than CRWD's. "On the frontier" means no other option shown or tested earned more with less volatility. Funds that hold the same thing are shown once. Beyond the popular alternatives, nothing with more than 1.5× CRWD's volatility counts as better.

These figures cover the past 5 years. Green marks a better figure than CRWD's.

Screen the whole market against CRWD for any period in BetterThanSPYOpen these 16 in EasyCompare
InvestmentWhy it is betterPast 5 yearsDownsideLong runFit
Annual return?higher is betterVolatility?lower is calmerSharpe?return per unit of riskWorst decline?past 10 years5Y returntotalCorr. with CRWD?lower diversifies moreExpenseper year
CRWDCrowdStrike Holdings, Inc. · this page
+26.3%52.7%0.71−67.7%+221%1.00—
SPYState Street SPDR S&P 500 ETF · S&P 500
+12.7%17.1%0.79−33.7%+81.7%0.340.09%
Popular alternativesbest 1 shownThe investments people most often weigh against CRWD. 1 of 21 passed at least one test.
PANWPalo Alto Networks, Inc. · Cybersecurity
Higher return, lower volatilityHigher Sharpe, smaller worst declineSmaller losses in recent crashes+31.9%43.4%0.86−48.0%+299%0.71—
Same and neighboring categories, and shared themesbest 6 shownEverything else in Cybersecurity and Software and the categories next to it (Cloud Computing, Application Software, Communications Equipment, Enterprise Software, Payment Processing, Semiconductors), plus CRWD's specific themes. 17 of 130 passed at least one test.
AVGOBroadcom Inc. · Semiconductors
Higher return, lower volatilityHigher Sharpe, smaller worst declineSmaller losses in recent crashes+48.3%44.5%1.11−48.3%+617%0.26—
ANETArista Networks, Inc. · Communications Equipment
Higher return, lower volatilityHigher Sharpe, smaller worst declineSmaller losses in recent crashes+49.0%49.0%1.06−52.2%+634%0.22—
KLACKLA Corporation · Semiconductor Equipment
Higher return, lower volatilityHigher Sharpe, smaller worst declineSmaller losses in recent crashes+38.7%46.7%0.94−46.3%+413%0.18—
ASXASE Technology Holding Co., Ltd. · Semiconductors
Higher return, lower volatilityHigher Sharpe, smaller worst declineSmaller losses in recent crashes+48.8%43.0%1.15−52.5%+631%0.23—
TSMTaiwan Semiconductor Manufacturing Company Limited · Semiconductors
Higher return, lower volatilityHigher Sharpe, smaller worst decline+31.5%38.5%0.91−56.6%+293%0.20—
TSEMTower Semiconductor Ltd. · Semiconductors
Higher return, similar volatilityHigher Sharpe, smaller worst declineSmaller losses in recent crashes+42.5%52.2%0.93−62.3%+487%0.16—
The whole marketbest 8 shownEvery other stock and fund worth at least $500 million. 201 of 3,482 passed at least one test.
CAHCardinal Health, Inc. · Health Care Distribution
On the frontierHigher return, lower volatilityHigher Sharpe, smaller worst declineSmaller losses in recent crashes+42.1%24.7%1.55−46.1%+479%0.10—
FIXComfort Systems USA, Inc. · Engineering & Construction
On the frontierHigher return, lower volatilityHigher Sharpe, smaller worst declineSmaller losses in recent crashes+77.0%46.7%1.46−49.7%+1,636%0.11—
LLYEli Lilly and Company · Pharmaceuticals
Higher return, lower volatilityHigher Sharpe, smaller worst declineSmaller losses in recent crashes+40.7%32.8%1.21−34.5%+451%0.30—
DELLDell Technologies Inc. · Computer Hardware
Higher return, similar volatilityHigher Sharpe, smaller worst declineHigher return in most periods+55.2%54.4%1.08−59.6%+800%0.48—
XOMExxonmobil Holdings Corporation · Integrated Oil & Gas
Similar return, lower volatilityHigher Sharpe, smaller worst declineSmaller losses in recent crashes+27.1%26.5%1.04−61.0%+232%-0.34—
DXJWisdomTree Japan Hedged Equity Fund · International Equity
On the frontierSimilar return, lower volatilityHigher Sharpe, smaller worst declineSmaller losses in recent crashes+26.6%19.1%1.34−39.1%+225%0.110.48%
EPUiShares MSCI Peru and Global Exposure ETF · International
Higher return, lower volatilityHigher Sharpe, smaller worst declineSmaller losses in recent crashes+29.5%24.9%1.17−51.0%+264%-0.020.59%
KNSAKiniksa Pharmaceuticals International, plc · Biotechnology
Higher return, similar volatilityHigher return in most periodsSmaller losses in recent crashes+50.2%53.7%1.02−83.1%+665%-0.18—
What these numbers mean for CRWD
Annual return
CRWD returned 26.3% a year over the past 5 years with dividends reinvested, against 12.7% a year for the S&P 500. At that pace, $10,000 became about $32,100. Annual return is the steady yearly rate that would produce the same total result, so investments held over the same span compare fairly. Guide: What is performance and return? →
Volatility
CRWD's volatility over the past 5 years was 52.7%, 3.1 times the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, CRWD's return lands within 52.7% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump. Guide: Understanding and measuring risk (volatility) →
Sharpe ratio
CRWD's Sharpe ratio over the past 5 years was 0.71, against 0.79 for the S&P 500, so CRWD earned less for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings. Guide: Balancing reward with risk (Sharpe ratio) →
Worst decline
CRWD's worst fall from a peak to a low over the past 10 years was 67.7%, against 33.7% for the S&P 500. Losses and gains are not symmetric: climbing back from a 67.7% fall takes a 210% gain. Guide: Market crash risk and tail risk →
Correlation
Over the past 5 years, CRWD's monthly returns had a correlation of 0.34 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They are only loosely linked, which makes it a real diversifier next to an index fund. In the table, the correlation column measures each option against CRWD instead: the lower it is, the more that option would diversify a CRWD holding. Guide: Correlation and diversification →
Show all 138 stocks and funds worth at least $500 million that earned more than CRWD with less volatility

Out of 3,633 tested over 5 years. The strongest 100 are listed, best first, with funds that hold the same thing listed once.

#InvestmentFound inAnnual returnVolatilitySharpeWorst decline5Y returnCorr. with CRWDExpense
1
CAHCardinal Health, Inc. · Health Care Distribution
Whole market+42.1%24.7%1.55−46.1%+479%0.10—
2
FIXComfort Systems USA, Inc. · Engineering & Construction
Whole market+77.0%46.7%1.46−49.7%+1,636%0.11—
3
LLYEli Lilly and Company · Pharmaceuticals
Whole market+40.7%32.8%1.21−34.5%+451%0.30—
4
HSBCHSBC Holdings plc · Banks
Whole market+33.1%25.9%1.24−62.3%+318%-0.13—
5
CATCaterpillar Inc. · Industrial Machinery
Whole market+31.1%31.9%1.01−43.4%+288%0.04—
6
MUFGMitsubishi UFJ Financial Group, Inc. · Banks
Whole market+33.2%29.4%1.13−54.9%+319%-0.11—
7
MCKMcKesson Corporation · Health Care Distribution
Whole market+38.7%25.0%1.44−38.1%+413%-0.09—
8
INSWInternational Seaways, Inc. · Oil & Gas
Whole market+56.5%40.5%1.31−57.4%+839%-0.12—
9
APHAmphenol Corporation · Electronic Components
Whole market+33.8%32.2%1.07−37.5%+329%0.26—
10
IBKRInteractive Brokers Group, Inc. · Investment Banking & Brokerage
Whole market+35.4%35.4%1.04−55.1%+355%0.26—
11
MFGMizuho Financial Group, Inc. · Banks
Whole market+33.6%30.6%1.10−45.7%+326%-0.12—
12
SMFGSumitomo Mitsui Financial Group, Inc. · Banks
Whole market+33.7%29.4%1.14−47.6%+327%-0.25—
13
PWRQuanta Services, Inc. · Engineering & Construction
Whole market+39.3%37.2%1.08−45.5%+425%0.18—
14
GLWCorning Inc · Electronic Components
Whole market+31.4%42.1%0.86−51.5%+292%0.02—
15
VSTVistra Corp. · Independent Power Producers
Whole market+53.4%48.6%1.13−53.3%+748%0.16—
16
HPEHewlett Packard Enterprise Company · Computer Hardware
Whole market+32.9%42.2%0.89−56.9%+315%0.44—
17
AVGOBroadcom Inc. · Semiconductors
Same or nearby category+48.3%44.5%1.11−48.3%+617%0.26—
18
ESLTElbit Systems Ltd. · Aerospace & Defense
Whole market+39.8%34.6%1.15−35.4%+435%0.14—
19
EMEEMCOR Group, Inc. · Engineering & Construction
Whole market+43.0%35.3%1.20−48.0%+499%0.02—
20
BAPCredicorp Ltd. · Banks
Whole market+30.8%30.3%1.04−59.2%+283%0.09—
21
CASYCasey's General Stores, Inc. · Convenience Stores
Whole market+29.9%29.3%1.04−36.1%+270%-0.12—
22
CWCurtiss-Wright Corporation · Aerospace & Defense
Whole market+30.8%28.7%1.08−48.7%+283%0.03—
23
RLRalph Lauren Corporation · Apparel & Footwear
Whole market+28.6%36.9%0.87−55.1%+251%0.09—
24
COKECoca-Cola Consolidated, Inc. · Food & Beverages
Whole market+41.2%38.0%1.10−51.7%+461%-0.17—
25
ANETArista Networks, Inc. · Communications Equipment
Same or nearby category+49.0%49.0%1.06−52.2%+634%0.22—
26
MLIMueller Industries, Inc. · Metal Fabrication
Whole market+38.9%33.4%1.16−53.0%+417%-0.07—
27
FROFrontline Plc · Oil & Gas
Whole market+52.6%49.7%1.10−52.0%+726%-0.01—
28
KLACKLA Corporation · Semiconductor Equipment
Same or nearby category+38.7%46.7%0.94−46.3%+413%0.18—
29
ASXASE Technology Holding Co., Ltd. · Semiconductors
Same or nearby category+48.8%43.0%1.15−52.5%+631%0.23—
30
SANMSanmina Corporation · Electronics Manufacturing
Whole market+34.7%47.8%0.86−55.9%+343%0.12—
31
SNEXStoneX Group Inc. · Capital Markets
Whole market+33.0%37.3%0.96−48.7%+316%-0.01—
32
PANWPalo Alto Networks, Inc. · Cybersecurity
Popular alternative+31.9%43.4%0.86−48.0%+299%0.71—
33
VCTRVictory Capital Holdings, Inc. · Asset Management
Whole market+28.1%35.0%0.89−45.2%+245%0.10—
34
TRMDTORM plc · Marine Shipping
Whole market+54.3%45.9%1.18−60.6%+776%-0.18—
35
NHCNational HealthCare Corporation · Medical - Care Facilities
Whole market+32.0%28.5%1.12−35.3%+301%0.05—
36
DHTDHT Holdings, Inc. · Marine Shipping
Whole market+38.7%39.0%1.04−39.7%+413%-0.09—
37
USLMUnited States Lime & Minerals, Inc. · Construction Materials
Whole market+35.6%36.1%1.03−45.9%+359%-0.03—
38
HWKNHawkins, Inc. · Chemicals - Specialty
Whole market+29.1%36.5%0.89−44.8%+259%0.12—
39
HURNHuron Consulting Group Inc. · Consulting Services
Whole market+29.7%40.7%0.84−51.4%+268%-0.12—
40
UFPTUFP Technologies, Inc. · Medical - Devices
Whole market+35.8%46.0%0.90−48.3%+362%0.06—
41
PLPCPreformed Line Products Company · Electrical Equipment & Parts
Whole market+40.5%48.3%0.94−59.5%+447%0.15—
42
ESQEsquire Financial Holdings, Inc. · Banks - Regional
Whole market+31.7%31.7%1.03−56.5%+296%-0.09—
43
STXSeagate Technology Holdings plc · Computer Hardware
Whole market+57.4%48.7%1.18−57.0%+866%0.27—
44
IGICInternational General Insurance Holdings Ltd. · Insurance - Diversified
Whole market+30.8%30.9%1.03−50.6%+283%-0.09—
45
SCCOSouthern Copper Corporation · Metals & Mining
Whole market+32.0%40.7%0.89−55.3%+301%-0.04—
46
ODCOil-Dri Corporation of America · Chemicals - Specialty
Whole market+35.9%36.9%1.02−48.9%+364%-0.11—
47
NWPXNWPX Infrastructure, Inc. · Construction Materials
Whole market+32.5%36.2%0.96−46.5%+309%-0.06—
48
PHParker-Hannifin Corporation · Industrial Machinery
Whole market+27.4%28.8%0.99−54.7%+235%-0.04—
49
EPUiShares MSCI Peru and Global Exposure ETF · International
Whole market+29.5%24.9%1.17−51.0%+264%-0.020.59%
50
AEMAgnico Eagle Mines Limited · Gold Mining
Whole market+29.5%38.4%0.87−54.2%+264%-0.10—
51
CLMBClimb Global Solutions, Inc. · Technology Distributors
Whole market+37.8%45.5%0.94−53.4%+397%0.26—
52
WPMWheaton Precious Metals Corp. · Metals & Mining
Whole market+27.5%36.9%0.85−46.7%+236%-0.09—
53
TSMTaiwan Semiconductor Manufacturing Company Limited · Semiconductors
Same or nearby category+31.5%38.5%0.91−56.6%+293%0.20—
54
SANBanco Santander, S.A. · Banks
Whole market+31.7%33.9%0.99−73.8%+295%-0.05—
55
BBVABanco Bilbao Vizcaya Argentaria, S.A. · Banks
Whole market+38.7%33.3%1.16−69.6%+413%-0.04—
56
JBLJabil Inc. · Electronics Manufacturing
Whole market+35.8%39.6%0.97−57.3%+361%0.14—
57
SBSCompanhia de Saneamento Básico do Estado de São Paulo - SABESP · Water Utilities
Whole market+39.1%37.1%1.08−62.0%+420%-0.06—
58
NVTnVent Electric plc · Electrical Equipment
Whole market+35.4%38.0%0.99−56.2%+356%0.26—
59
CHEFThe Chefs' Warehouse, Inc. · Food Distribution
Whole market+27.5%39.8%0.81−91.3%+237%0.13—
60
LRCXLam Research Corporation · Semiconductor Equipment
Same or nearby category+37.4%49.9%0.89−56.4%+390%0.30—
61
AITApplied Industrial Technologies, Inc. · Industrial Distribution
Whole market+28.5%30.3%0.98−59.3%+250%-0.08—
62
MPCMarathon Petroleum Corporation · Oil & Gas
Whole market+51.2%33.4%1.41−79.7%+690%-0.03—
63
PBR-APetróleo Brasileiro S.A. - Petrobras · Integrated Oil & Gas
Whole market+51.8%37.5%1.31−71.7%+705%-0.19—
64
JXNJackson Financial Inc. · Life Insurance
Whole market+41.7%43.3%1.03−48.4%+472%-0.11—
65
SMHVanEck Semiconductor ETF · Semiconductors
Same or nearby category+33.4%36.9%0.97−45.3%+323%0.370.35%
66
STLDSteel Dynamics, Inc. · Metals & Mining
Whole market+32.2%38.0%0.93−68.5%+304%0.14—
67
HWMHowmet Aerospace Inc. · Aerospace & Defense
Whole market+47.3%32.5%1.36−68.9%+594%0.00—
68
TFPMTriple Flag Precious Metals Corp. · Metals & Mining
Whole market+29.3%37.7%0.87−36.2%+262%-0.20—
69
GFFGriffon Corporation · Building Products
Whole market+36.4%41.7%0.95−61.3%+371%-0.06—
70
SOXQInvesco PHLX Semiconductor ETF · Technology
Whole market+28.3%38.9%0.84−46.0%+248%0.380.19%
71
AGIAlamos Gold Inc. · Gold Mining
Whole market+32.6%42.4%0.88−66.1%+310%-0.08—
72
ATIATI Inc. · Metals & Mining
Whole market+61.8%42.9%1.34−82.4%+1,008%-0.02—
73
CRSCarpenter Technology Corporation · Metals & Mining
Whole market+63.9%46.5%1.30−74.7%+1,082%-0.04—
74
NPOEnPro Industries, Inc. · Industrial Machinery
Whole market+28.1%36.0%0.87−65.8%+245%-0.03—
75
TNKTeekay Tankers Ltd. · Marine Shipping
Whole market+50.5%45.1%1.14−63.4%+673%-0.06—
76
STNGScorpio Tankers Inc. · Marine Shipping
Whole market+37.9%43.6%0.96−80.6%+398%-0.14—
77
GLNGGolar LNG Limited · Oil & Gas
Whole market+29.4%37.8%0.87−86.3%+262%-0.06—
78
MTRNMaterion Corporation · Specialty Materials
Whole market+27.9%46.1%0.76−62.0%+242%0.13—
79
LPGDorian LPG Ltd. · Oil & Gas Midstream
Whole market+54.6%43.6%1.22−62.9%+783%-0.10—
80
CVSACovista Inc. · Education Services
Whole market+28.9%43.3%0.81−66.1%+257%0.15—
81
HCCWarrior Met Coal, Inc. · Metals & Mining
Whole market+29.5%48.5%0.78−64.8%+264%0.04—
82
PAMPampa Energía S.A. · Electric Utilities
Whole market+30.2%45.1%0.81−87.4%+274%0.09—
83
GEGE Aerospace · Aerospace & Defense
Whole market+36.0%31.0%1.15−80.9%+366%0.13—
84
BLXBladex, Inc. · Banks - Regional
Whole market+31.4%25.9%1.19−68.5%+292%0.07—
85
EZPWEZCORP, Inc. · Financial - Credit Services
Whole market+33.2%35.4%0.99−76.6%+320%-0.01—
86
PBRPetróleo Brasileiro S.A. - Petrobras · Integrated Oil & Gas
Whole market+50.3%37.5%1.28−75.3%+667%-0.23—
87
TENTsakos Energy Navigation Limited · Oil & Gas Midstream
Whole market+46.9%46.3%1.07−68.7%+585%-0.05—
88
TKTeekay Corporation · Oil & Gas Midstream
Whole market+47.1%41.7%1.13−83.8%+589%-0.05—
89
PBTPermian Basin Royalty Trust · Oil & Gas Midstream
Whole market+37.8%47.2%0.92−74.0%+397%-0.01—
90
AKO-AEmbotelladora Andina S.A. · Beverages - Non-Alcoholic
Whole market+28.4%42.8%0.80−63.5%+249%0.09—
91
VLOValero Energy Corporation · Oil & Gas
Whole market+44.2%36.9%1.18−71.9%+524%-0.05—
92
PSXPhillips 66 · Oil & Gas
Whole market+33.2%32.9%1.04−64.2%+319%-0.04—
93
IRSIRSA Inversiones y Representaciones Sociedad Anónima · Real Estate - Diversified
Whole market+34.5%48.9%0.85−91.6%+339%0.13—
94
ASCArdmore Shipping Corporation · Marine Shipping
Whole market+41.7%44.8%1.01−71.2%+472%-0.17—
95
SUSuncor Energy Inc. · Integrated Oil & Gas
Whole market+33.1%32.5%1.05−73.5%+318%-0.21—
96
TRGPTarga Resources Corp. · Oil & Gas Midstream
Whole market+41.8%31.7%1.27−90.8%+473%-0.04—
97
IMOImperial Oil Limited · Integrated Oil & Gas
Whole market+34.3%32.0%1.09−77.1%+337%-0.28—
98
RCLRoyal Caribbean Cruises Ltd. · Cruise Lines
Whole market+28.8%48.4%0.77−83.3%+255%0.22—
99
FTITechnipFMC plc · Oilfield Services
Whole market+54.1%41.3%1.26−85.8%+769%-0.26—
100
AUAngloGold Ashanti Plc · Gold Mining
Whole market+40.4%49.9%0.93−66.3%+445%-0.05—

CRWD against its popular alternatives

The investments people most often weigh against CRWD, compared period by period and year by year.

How do CRWD's risk and return compare with its alternatives?

This map plots each investment's annual return over the past 5 years against its volatility, the size of its typical price swings. Investments toward the upper left earned more for a smoother ride, and those toward the lower right earned less for a rougher one. The dashed lines cross at CRWD, which divides the map into what did better or worse on each measure.

Green points earned more than CRWD with less volatility; red points earned less with more. Hover over a point for its figures. Total returns with dividends reinvested, annualized.

10.0%20.0%30.0%40.0%50.0%60.0%70.0%−40.0%−30.0%−20.0%−10.0%0.0%10.0%20.0%30.0%40.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilityCRWD: 26.3% a year, volatility 52.7%SPY (S&P 500): 12.7% a year, volatility 17.1%PANW: 31.9% a year, volatility 43.4%OKTA: −5.4% a year, volatility 60.1%SNOW: −0.9% a year, volatility 62.6%ZS: −6.3% a year, volatility 57.9%RPD: −36.2% a year, volatility 58.4%DDOG: 10.1% a year, volatility 59.7%VRNS: −5.2% a year, volatility 53.7%S: −18.9% a year, volatility 62.9%NET: 10.7% a year, volatility 69.1%FTNT: 20.7% a year, volatility 44.8%QLYS: 10.7% a year, volatility 42.8%MSFT: 12.5% a year, volatility 28.2%NOW: 1.9% a year, volatility 45.5%FFIV: 17.1% a year, volatility 30.8%CSCO: 16.8% a year, volatility 26.1%AMZN: 9.0% a year, volatility 36.6%CHKP: 2.8% a year, volatility 29.0%RDWR: −3.5% a year, volatility 38.8%TENB: −5.3% a year, volatility 47.7%GEN: 0.4% a year, volatility 32.9%AKAM: −3.7% a year, volatility 39.2%CRWDSPY (S&P 500)PANWOKTASNOWZSRPDDDOGVRNSSNETFTNTQLYSMSFTNOWFFIVCSCOAMZNCHKPRDWRTENBGENAKAM0.0%20.0%40.0%60.0%80.0%−40.0%−20.0%0.0%20.0%40.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilityCRWD: 26.3% a year, volatility 52.7%SPY (S&P 500): 12.7% a year, volatility 17.1%PANW: 31.9% a year, volatility 43.4%OKTA: −5.4% a year, volatility 60.1%SNOW: −0.9% a year, volatility 62.6%ZS: −6.3% a year, volatility 57.9%RPD: −36.2% a year, volatility 58.4%DDOG: 10.1% a year, volatility 59.7%VRNS: −5.2% a year, volatility 53.7%S: −18.9% a year, volatility 62.9%NET: 10.7% a year, volatility 69.1%FTNT: 20.7% a year, volatility 44.8%QLYS: 10.7% a year, volatility 42.8%MSFT: 12.5% a year, volatility 28.2%NOW: 1.9% a year, volatility 45.5%FFIV: 17.1% a year, volatility 30.8%CSCO: 16.8% a year, volatility 26.1%AMZN: 9.0% a year, volatility 36.6%CHKP: 2.8% a year, volatility 29.0%RDWR: −3.5% a year, volatility 38.8%TENB: −5.3% a year, volatility 47.7%GEN: 0.4% a year, volatility 32.9%AKAM: −3.7% a year, volatility 39.2%CRWDSPY (S&P 500)PANWOKTASNOWZSRPDDDOGSNETFTNTQLYSNOWFFIVCSCOAMZNCHKPRDWRGENAKAM
All figures
InvestmentAnnual returnVolatility
PANW Palo Alto Networks, Inc.+31.9%43.4%
CRWD This pageCrowdStrike Holdings, Inc.+26.3%52.7%
FTNT Fortinet, Inc.+20.7%44.8%
FFIV F5, Inc.+17.1%30.8%
CSCO Cisco Systems, Inc.+16.8%26.1%
SPY S&P 500State Street SPDR S&P 500 ETF+12.7%17.1%
MSFT Microsoft Corporation+12.5%28.2%
NET Cloudflare, Inc.+10.7%69.1%
QLYS Qualys, Inc.+10.7%42.8%
DDOG Datadog, Inc.+10.1%59.7%
AMZN Amazon.com, Inc.+9.0%36.6%
CHKP Check Point Software Technologies Ltd.+2.8%29.0%
NOW ServiceNow, Inc.+1.9%45.5%
GEN Gen Digital Inc.+0.4%32.9%
SNOW Snowflake Inc.−0.9%62.6%
RDWR Radware Ltd.−3.5%38.8%
AKAM Akamai Technologies, Inc.−3.7%39.2%
VRNS Varonis Systems, Inc.−5.2%53.7%
TENB Tenable Holdings, Inc.−5.3%47.7%
OKTA Okta, Inc.−5.4%60.1%
ZS Zscaler, Inc.−6.3%57.9%
S SentinelOne, Inc.−18.9%62.9%
RPD Rapid7, Inc.−36.2%58.4%
Open these 23 in EasyCompare

Has CRWD consistently beaten its popular alternatives?

This section compares CRWD with the investments people most often weigh against it, checking each one over seven periods from one month to five years. Counting how often an alternative earned more than CRWD helps separate lasting outperformance from a single strong stretch.

A green cell means the alternative earned more than CRWD over that period. "Qualified" marks those that did so in at least 3 of 5 short-term periods and 2 of 2 long-term periods.

InvestmentPeriods outperformed Short termLong termRisk · 5 yearsFund
1M3M6MYTD1Y3Y5YVolatilitylower is calmerSharpehigher is betterWorst declinepast 10 yearsExpenseAssetsOverlapsame sectors
CRWD CrowdStrike Holdings, Inc. (this page)—−8.8%+14.5%+110%+101%+80.6%+409%+221%52.7%0.71−67.7%—$233B—
PANW Software - InfrastructurePalo Alto Networks, Inc.0/5 short1/2 long−8.5%−2.4%+101%+89.7%+60.6%+180%+299%43.4%0.86−48.0%—$278B—
OKTA Software - InfrastructureOkta, Inc.5/5 short0/2 long+1.4%+30.7%+156%+132%+120%+157%−24.3%60.1%0.21−84.6%—$32B—
FTNT Software - InfrastructureFortinet, Inc.3/5 short0/2 long−2.5%+6.6%+107%+119%+101%+203%+156%44.8%0.65−38.3%—$125B—
QLYS Software - InfrastructureQualys, Inc.3/5 short0/2 long+5.2%+21.8%+132%+45.4%+49.2%+22.3%+65.9%42.8%0.45−63.0%—$6.6B—
MSFT Software - InfrastructureMicrosoft Corporation2/5 short0/2 long+6.0%+32.5%+27.7%+13.2%+3.8%+66.6%+80.3%28.2%0.56−37.1%—$3.9T—
NOW Software - ApplicationServiceNow, Inc.2/5 short0/2 long+8.6%+42.8%+50.0%+1.4%−18.5%+37.8%+9.8%45.5%0.27−64.5%—$155B—
SNOW Software - ApplicationSnowflake Inc.2/5 short0/2 long−5.8%+16.5%+112%+47.5%+30.1%+116%−4.3%62.6%0.29−73.0%—$113B—
ZS Software - InfrastructureZscaler, Inc.2/5 short0/2 long+3.6%+43.2%+59.1%−2.7%−29.9%+32.3%−27.9%57.9%0.18−76.4%—$35B—
RPD Software - InfrastructureRapid7, Inc.2/5 short0/2 long+6.0%+10.6%+127%−7.4%−29.6%−73.4%−89.4%58.4%-0.48−96.4%—$891M—
FFIV Software - InfrastructureF5, Inc.1/5 short0/2 long+1.5%+10.9%+45.4%+78.0%+54.0%+208%+120%30.8%0.67−54.6%—$26B—
CSCO Communication EquipmentCisco Systems, Inc.1/5 short0/2 long−3.9%−3.2%+22.6%+42.2%+53.8%+118%+118%26.1%0.73−42.0%—$421B—
DDOG Software - ApplicationDatadog, Inc.1/5 short0/2 long+4.6%−2.6%+97.6%+91.7%+64.1%+198%+61.4%59.7%0.45−68.1%—$92B—
AMZN Specialty RetailAmazon.com, Inc.1/5 short0/2 long+1.6%+5.1%+5.8%+16.0%+21.3%+110%+53.8%36.6%0.42−56.1%—$2.8T—
CHKP Software - InfrastructureCheck Point Software Technologies Ltd.1/5 short0/2 long+4.9%+3.8%+2.0%−22.2%−27.1%+4.6%+14.8%29.0%0.24−51.8%—$14B—
RDWR Software - InfrastructureRadware Ltd.1/5 short0/2 long−0.6%−3.6%+14.6%+23.3%+14.4%+84.0%−16.3%38.8%0.10−65.5%—$1.2B—
VRNS Software - InfrastructureVaronis Systems, Inc.1/5 short0/2 long+0.5%+2.6%+99.4%+51.9%−21.8%+51.1%−23.3%53.7%0.20−78.2%—$5.6B—
TENB Software - InfrastructureTenable Holdings, Inc.1/5 short0/2 long+7.7%+3.2%+99.7%+71.5%+31.0%−8.7%−24.0%47.7%0.12−74.4%—$4.3B—
S Software - InfrastructureSentinelOne, Inc.1/5 short0/2 long−7.6%+13.1%+53.6%+50.3%+28.4%+37.7%−64.8%62.9%-0.01−84.4%—$7.5B—
NET Software - InfrastructureCloudflare, Inc.0/5 short0/2 long−17.1%+7.0%+42.3%+48.7%+36.8%+391%+66.1%69.1%0.49−82.6%—$104B—
GEN Software - InfrastructureGen Digital Inc.0/5 short0/2 long−17.4%−9.3%+19.0%−6.3%−8.1%+48.7%+2.2%32.9%0.18−48.4%—$14B—
AKAM Software - InfrastructureAkamai Technologies, Inc.0/5 short0/2 long−23.7%−27.2%−8.2%+5.3%+20.7%−13.8%−17.1%39.2%0.10−46.8%—$13B—
Open these 22 in EasyCompare

How did CRWD do year by year?

This table shows each investment's total return in every full calendar year since 2020, along with where CRWD ranked among its popular alternatives each year. Annual results reveal how consistently each one kept pace with CRWD and how far its good and bad years diverged, detail that multiyear averages tend to smooth over.

Note: CRWD began trading on June 12, 2019, so the table starts with 2020, its first full calendar year, and cannot show how it fared during the dot-com bust, the 2008 financial crisis or five other sell-offs.

Newest year first. Green marks a year in which the fund came out ahead of CRWD; gray means the two finished within a fraction of a point. The rank row places CRWD among the alternatives that traded the full year; dark green is the top quarter and red the bottom quarter.

InvestmentYears ahead of CRWD202520242023202220212020
CRWD This pageCrowdStrike Holdings, Inc.—+37.0%+34.0%+143%−48.6%−3.3%+325%
Rank among alternativesTop quarter in 4 of 63 of 226 of 221 of 2212 of 2218 of 213 of 20
SPY S&P 500State Street SPDR S&P 500 ETF2 of 6+17.7%+24.9%+26.2%−18.2%+28.7%+18.3%
PANW Palo Alto Networks, Inc.2 of 6+1.2%+23.4%+111%−24.8%+56.7%+53.7%
OKTA Okta, Inc.0 of 6+9.7%−13.0%+32.5%−69.5%−11.8%+120%
FTNT Fortinet, Inc.3 of 6−16.0%+61.4%+19.7%−32.0%+142%+39.2%
QLYS Qualys, Inc.2 of 6−5.2%−28.6%+74.9%−18.2%+12.6%+46.2%
MSFT Microsoft Corporation2 of 6+15.6%+12.9%+58.2%−28.0%+52.5%+42.5%
NOW ServiceNow, Inc.3 of 6−27.8%+50.0%+82.0%−40.2%+17.9%+95.0%
SNOW Snowflake Inc.2 of 5+42.1%−22.4%+38.6%−57.6%+20.4%—
ZS Zscaler, Inc.1 of 6+24.7%−18.6%+98.0%−65.2%+60.9%+329%
RPD Rapid7, Inc.1 of 6−62.2%−29.5%+68.0%−71.1%+30.5%+60.9%
FFIV F5, Inc.3 of 6+1.5%+40.5%+24.7%−41.3%+39.1%+26.0%
CSCO Cisco Systems, Inc.2 of 6+33.5%+21.0%+9.3%−22.5%+45.8%−3.5%
DDOG Datadog, Inc.1 of 6−4.8%+17.7%+65.1%−58.7%+80.9%+161%
AMZN Amazon.com, Inc.2 of 6+5.2%+44.4%+80.9%−49.6%+2.4%+76.3%
CHKP Check Point Software Technologies Ltd.1 of 6−0.6%+22.2%+21.1%+8.2%−12.3%+19.8%
RDWR Radware Ltd.2 of 6+6.9%+35.1%−15.5%−52.6%+50.0%+7.6%
VRNS Varonis Systems, Inc.0 of 6−26.2%−1.9%+89.1%−50.9%−10.6%+111%
TENB Tenable Holdings, Inc.2 of 6−40.3%−14.5%+20.7%−30.7%+5.4%+118%
S SentinelOne, Inc.0 of 4−32.4%−19.1%+88.1%−71.1%——
NET Cloudflare, Inc.3 of 6+83.1%+29.3%+84.2%−65.6%+73.0%+345%
GEN Gen Digital Inc.2 of 6+1.1%+22.4%+9.2%−15.8%+27.6%+44.4%
AKAM Akamai Technologies, Inc.2 of 6−8.8%−19.2%+40.4%−28.0%+11.5%+21.6%
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Risk and diversification

How CRWD has fallen, how it held up in crashes beside the S&P 500 and its popular alternatives, and what moves independently of it.

What were CRWD's worst declines?

A drawdown is the decline from a peak to the lowest point before a new high. This section presents CRWD's five deepest drawdowns since it began trading in 2019, alongside the S&P 500's return over the same dates, and how long each took to recover. Together, these figures show how much an investor could have lost and how long it took to get back to even.

Note: CRWD began trading on June 12, 2019, so this list cannot include the dot-com bust, the 2008 financial crisis or five other sell-offs. The crash tests on this page show how older funds and the S&P 500 fared through those years.

Green means CRWD fell less than the S&P 500 over the same dates. Based on daily closing prices with dividends reinvested.

DuringCRWD fellS&P 500, same datesPeakLowTime to the lowBack at the peakTime to recover
2022 bear market−67.7%−15.3%Nov 2021Jan 202314 monthsJan 202412 months
Covid crash−66.9%−17.2%Aug 2019Mar 20207 monthsJun 20203 months
No named crash−44.4%−2.3%Jul 2024Aug 20241 monthJan 20255 months
No named crash−37.2%+1.2%Nov 2025Feb 20263 monthsMay 20263 months
No named crash−32.2%−8.3%Feb 2025Mar 20251 monthMay 20252 months

How did CRWD do in stock market crashes?

This section measures how far CRWD, the S&P 500 and each alternative fell from peak to trough during every major market crash since 2000. A smaller decline means an investment held up better, and comparing results across crashes shows whether that resilience was consistent or a one-off.

Note: CRWD began trading on June 12, 2019, so its row reads "Not yet trading" for the dot-com bust, the 2008 financial crisis or five other sell-offs. The older alternatives and the S&P 500 show how those crashes played out.

Newest crash first. Each figure is the fund's deepest fall within the crash window; green means a smaller fall than CRWD.

InvestmentHeld up better2023 regional bank crisisMar 20232022 bear marketJan 2022Covid crashFeb 2020Late-2018 sell-offSep 2018February 2018 volatility shockFeb 20182015 China and oil sell-offAug 20152011 euro debt crisisJul 20112010 flash crashMay 20102008 financial crisisOct 2007Dot-com bustMar 2000
CRWD This pageCrowdStrike Holdings, Inc.—−7.1%−42.7%−50.0%Not yet tradingNot yet tradingNot yet tradingNot yet tradingNot yet tradingNot yet tradingNot yet trading
SPY S&P 500State Street SPDR S&P 500 ETF3 of 3−3.4%−24.5%−33.7%−19.3%−6.5%−12.8%−17.9%−1.5%−55.2%−47.5%
PANW Palo Alto Networks, Inc.3 of 3−2.1%−30.6%−46.8%−29.1%−3.3%−40.2%————
OKTA Okta, Inc.1 of 3−7.0%−76.4%−31.1%−33.4%−2.9%—————
FTNT Fortinet, Inc.3 of 3−4.9%−30.6%−36.5%−29.0%−4.4%−50.2%−23.0%−4.1%——
QLYS Qualys, Inc.3 of 3−4.2%−24.9%−27.9%−24.4%−6.2%−55.8%————
MSFT Microsoft Corporation3 of 3−2.0%−31.0%−27.7%−18.2%−7.4%−14.4%−14.1%−2.6%−57.9%−62.9%
NOW ServiceNow, Inc.2 of 3−7.2%−39.9%−28.8%−20.6%−8.5%−47.6%————
SNOW Snowflake Inc.0 of 2−7.8%−64.1%————————
ZS Zscaler, Inc.1 of 3−8.3%−55.3%−39.4%−24.4%——————
RPD Rapid7, Inc.1 of 3−19.3%−65.8%−39.5%−28.2%−3.3%−62.2%————
FFIV F5, Inc.2 of 3−5.6%−42.7%−32.1%−24.7%−5.5%−35.0%−31.6%−3.7%−59.2%−96.8%
CSCO Cisco Systems, Inc.3 of 3−1.4%−35.4%−29.1%−17.5%−5.3%−22.8%−16.6%−3.1%−60.0%−89.3%
DDOG Datadog, Inc.1 of 3−9.5%−53.0%−38.8%———————
AMZN Amazon.com, Inc.3 of 3−3.4%−39.6%−22.7%−33.2%−7.1%−30.6%−20.7%−2.9%−65.3%−91.8%
CHKP Check Point Software Technologies Ltd.3 of 3−1.9%−26.6%−30.2%−15.9%−3.5%−16.7%−18.5%−1.3%−34.4%−89.3%
RDWR Radware Ltd.1 of 3−7.0%−45.4%−29.8%−18.9%−3.5%−49.2%−42.6%−2.9%−70.5%−88.9%
VRNS Varonis Systems, Inc.1 of 3−12.4%−54.6%−44.3%−31.5%−4.4%−43.4%————
TENB Tenable Holdings, Inc.2 of 3−5.2%−51.8%−40.9%−47.0%——————
S SentinelOne, Inc.0 of 2−10.4%−59.8%————————
NET Cloudflare, Inc.1 of 3−11.1%−69.5%−31.8%———————
GEN Gen Digital Inc.2 of 3−10.5%−33.6%−19.8%−22.7%−5.5%−17.1%−20.8%−5.5%−55.7%−63.1%
AKAM Akamai Technologies, Inc.3 of 3−4.9%−36.0%−21.9%−20.6%−4.9%−47.6%−39.2%−4.5%−77.0%−99.8%
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How closely does CRWD move with the S&P 500?

Upside capture measures how much of the S&P 500's gains an investment kept in the months the market rose, and downside capture how much of its losses it took in the months the market fell. An investment that captures more of the gains than the losses has compounded ahead of the market over time. This section compares CRWD with its popular alternatives on both measures, and on beta (how strongly each has moved with the market), over the past 5 years.

Monthly total returns over the past 5 years, measured against SPY. 100% capture or a beta of 1.00 means moving in line with the S&P 500. Green marks a better figure than CRWD's: more upside, less downside or a higher capture ratio. Sorted by capture ratio.

InvestmentUpside captureDownside captureCapture ratioBeta
CRWD This pageCrowdStrike Holdings, Inc.122%38%3.211.19
NET Cloudflare, Inc.118%72%1.651.64
FTNT Fortinet, Inc.119%75%1.591.03
CSCO Cisco Systems, Inc.98%75%1.310.99
QLYS Qualys, Inc.65%53%1.220.61
FFIV F5, Inc.102%83%1.221.03
DDOG Datadog, Inc.112%119%0.941.51
MSFT Microsoft Corporation115%126%0.911.10
AMZN Amazon.com, Inc.125%170%0.741.45
CHKP Check Point Software Technologies Ltd.53%80%0.660.47
SNOW Snowflake Inc.83%134%0.621.35
NOW ServiceNow, Inc.85%142%0.600.99
AKAM Akamai Technologies, Inc.66%117%0.560.62
GEN Gen Digital Inc.97%177%0.551.26
RDWR Radware Ltd.55%114%0.480.87
OKTA Okta, Inc.39%87%0.450.74
TENB Tenable Holdings, Inc.48%116%0.411.00
ZS Zscaler, Inc.39%105%0.370.93
VRNS Varonis Systems, Inc.23%74%0.320.77
S SentinelOne, Inc.16%129%0.120.70
RPD Rapid7, Inc.-17%238%-0.071.02
PANW Palo Alto Networks, Inc.104%-13%—0.93
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What diversifies CRWD?

Correlation measures how closely two investments move together, on a scale from 1 (in lockstep) through 0 (unrelated) to -1 (in opposite directions). This section lists large ETFs and stocks whose returns have had a low correlation with CRWD's. Because such investments tend not to fall at the same time, pairing CRWD with them can reduce a portfolio's overall swings.

Only ETFs with at least $1.0B in assets and stocks worth at least $10B, with a correlation below 0.5 over the past 5 years and a positive return, are included, ranked by Sharpe ratio; funds that hold the same thing are shown once. The year columns are the years in which CRWD lost money. The last two columns show a portfolio that is 80% CRWD and 20% the other investment, rebalanced monthly.

ETFs

InvestmentCorrelation5Y returnSharpe2022202180/20 mix volatility80/20 mix annual return
CRWD CrowdStrike Holdings, Inc. (this page)1.00+221%0.71−48.6%−3.3%55.6%+33.9%
LVHI InternationalFranklin International Low Volatility High Dividend Index ETF-0.23+119%1.48+3.8%+17.8%44.1%+33.7%
DXJ InternationalWisdomTree Japan Hedged Equity Fund0.11+225%1.34+6.0%+18.0%44.8%+35.6%
EMLP Broad MarketFirst Trust North American Energy Infrastructure Fund-0.10+101%1.04+10.4%+23.1%44.3%+33.4%
HDV Dividend & IncomeiShares Core High Dividend ETF-0.17+83.3%1.00+7.1%+19.6%44.1%+32.8%
SMH TechnologyVanEck Semiconductor ETF0.37+323%0.97−33.5%+42.1%47.5%+37.7%
DBEF InternationalXtrackers MSCI EAFE Hedged Equity ETF0.10+85.0%0.96−5.1%+19.6%44.8%+32.7%
GLD CommoditiesSPDR Gold Shares-0.11+126%0.96−0.8%−4.2%44.2%+34.3%
SPMO Broad MarketInvesco S&P 500 Momentum ETF0.42+136%0.93−10.4%+22.7%46.4%+34.0%

Stocks

InvestmentCorrelation5Y returnSharpe2022202180/20 mix volatility80/20 mix annual return
CRWD CrowdStrike Holdings, Inc. (this page)1.00+221%0.71−48.6%−3.3%55.6%+33.9%
CAH Medical - DistributionCardinal Health, Inc.0.10+479%1.55+54.1%−0.4%45.3%+38.3%
CLS Hardware, Equipment & PartsCelestica Inc.0.28+3,143%1.47+1.3%+37.9%49.0%+51.4%
FIX Engineering & ConstructionComfort Systems USA, Inc.0.11+1,636%1.46+17.0%+89.0%46.3%+48.3%
MCK Medical - DistributionMcKesson Corporation-0.09+413%1.44+51.8%+44.2%44.3%+38.0%
MPC Oil & Gas Refining & MarketingMarathon Petroleum Corporation-0.03+690%1.41+86.6%+61.0%44.7%+41.1%
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Common questions

What was CRWD's worst drawdown?

CRWD's deepest decline since it began trading in 2019 was 67.7%, from November 2021 to January 2023. It took 12 months from the low to climb back to its old high. Because CRWD launched in June 2019, that record does not include the dot-com bust, the 2008 financial crisis or five other sell-offs.

What were CRWD's best and worst years?

Over six full calendar years, CRWD's best year was 2020, when it returned 325%. Its worst was 2022, with a return of -48.6%.

Is there a better investment than CRWD?

Among CRWD's popular alternatives, PANW earned more than CRWD with less volatility over the past 5 years: 31.9% a year at 43.4% volatility, against 26.3% a year at 52.7%. Looking beyond its popular alternatives, AVGO (semiconductors) and ANET (communications equipment) earned more than CRWD with less volatility over the past 5 years. AVGO returned 48.3% a year at 44.5% volatility, against 26.3% a year at 52.7%.

Is CRWD more volatile than the S&P 500?

Yes. CRWD's volatility over the past 5 years was 52.7%, 3.1 times the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, CRWD's return lands within 52.7% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump.

What is CRWD's Sharpe ratio?

CRWD's Sharpe ratio over the past 5 years was 0.71, against 0.79 for the S&P 500, so CRWD earned less for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings.

How correlated is CRWD with the S&P 500?

Over the past 5 years, CRWD's monthly returns had a correlation of 0.34 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They are only loosely linked, which makes it a real diversifier next to an index fund. In the table, the correlation column measures each option against CRWD instead: the lower it is, the more that option would diversify a CRWD holding.

What are the best alternatives to CRWD?

None of the 21 popular alternatives we compared outperformed CRWD in at least 3 of 5 short-term and 2 of 2 long-term timeframes, which says more about CRWD's strength than about its alternatives.

Did CRWD outperform the S&P 500?

CRWD finished ahead of the S&P 500 (SPY) in four of six full calendar years. In 2025, it returned +37.0%, against +17.7% for the index.

How did CRWD do in stock market crashes?

CRWD fell less than the S&P 500 (SPY) in none of the three major crashes it has traded through, and further in three. The clearest case was the 2022 bear market, when CRWD fell 42.7% and the S&P 500 fell 24.5%.

What diversifies CRWD?

These had a low correlation with CRWD over the past 5 years and still earned a positive 5-year return: among large ETFs, LVHI (correlation -0.23), DXJ (correlation 0.11) and EMLP (correlation -0.10); among large stocks, CAH (correlation 0.10), CLS (correlation 0.28) and FIX (correlation 0.11). A correlation near zero means the two have moved largely independently.

How we measure

More research

Popular alternatives to CRWD

Other stocks and ETFs