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

> Source: EasyCompare research, https://easycompare.io/research/crwd
> Data as of October 20, 2026. Total returns include reinvested dividends. Past performance does not predict future results; nothing here is investment advice.

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.

## Key findings

- **Right now:** Over the past 6 months, CRWD rose 110% against 9.1% for the S&P 500 and 11.2% for the Nasdaq 100. Its cybersecurity peers were far apart over the past 6 months, from OKTA (up 156%) to MSFT (Microsoft, up 27.7%).
- **Stock or market?:** Not a move of its own: the cybersecurity ETF CIBR (First Trust Nasdaq Cybersecurity ETF) rose 9.4% over the past 3 months, with MSFT (Microsoft, up 32.5%) and ZS (Zscaler, up 43.2%), against 3.9% for the S&P 500. Its cybersecurity peers did not move as one over the past 3 months: ZS rose 43.2%, while PANW (Palo Alto Networks) fell 2.4%.
- **Past 1 to 3 years:** CRWD has run far ahead of the market, rising 80.6% over the past year against 15.8% for the S&P 500 and 17.9% for the Nasdaq 100. The same gap shows up over 3 years (409% against 89.3%). CRWD finished ahead of the S&P 500 in both 2024 and 2025.
- **Long term:** CRWD turned $10,000 into $32,100 over the past 5 years, against $18,200 in the S&P 500. CRWD's 5-year return of 221% puts it ahead of 90% of the stocks worth at least $300 million with that much history. The S&P 500 returned 81.7%.
- **In a crash:** The 2022 bear market took 42.7% off CRWD, against 24.5% for the S&P 500. That was more than MSFT (Microsoft, 31.0%) but less than NET (Cloudflare, 69.5%).
- **Diversification:** Against the S&P 500, CRWD has a correlation of 0.34 over 5 years, less closely than 63% of stocks worth at least $300 million. Next to an index fund it is some diversification, but not a hedge. Over 5 years, CRWD's beta versus the S&P 500 was 1.19: in the S&P 500's rising months it gained 1.2 times as much as the index, and in falling months it lost 38% as much.
- **Better options**
  - **Nearby categories and themes:** AVGO (Broadcom, semiconductors) and ANET (Arista Networks, 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%.
  - **Whole market:** 138 of the 3,633 stocks and funds worth at least $500 million earned more than CRWD with less volatility over the past 5 years, among them TSM (Taiwan Semiconductor Manufacturing), AVGO (Broadcom) and LLY (Eli Lilly and Company).

## 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.

- $10,000 invested in CRWD at the end of September 2019 would have grown to $181,581 by September 2026, more than the $28,402 it would have become in SPY, an S&P 500 fund.
- Five of the eight other investments on the chart ended ahead of CRWD, and NVDA finished highest, at $528,672.

## 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.

- 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.
- Over six full calendar years, CRWD's best was 2020, when it returned 325%, and its worst was 2022, when it lost 48.6%. It lost money in two of those years.
- CRWD is 18.5% below its all-time high.

- Type: Stock, Technology (Software - Infrastructure)
- Trading since: June 12, 2019
- Market value: $233B
- Volatility (5 years): 52.7%; Sharpe ratio: 0.71
- Worst decline ever: −67.7%, from November 9, 2021 to January 6, 2023; back at its high by January 22, 2024

| Period | CRWD total return |
| --- | --- |
| 1 month | −8.8% |
| 3 months | +14.5% |
| 6 months | +110% |
| year to date | +101% |
| 1 year | +80.6% |
| 3 years | +409% |
| 5 years | +221% |

## 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.

- CRWD's 3-year return ranks in the top 5% of the 3,017 stocks worth at least $300 million with 3 years of history.

| Measure | CRWD | Rank |
| --- | --- | --- |
| 1-year return | +80.6% | 272 of 3,287 (top 9%) |
| 3-year return | +409% | 142 of 3,017 (top 5%) |
| 5-year return | +221% | 277 of 2,893 (top 10%) |
| Volatility, 5 years | 52.7% | 2,022 of 2,893 (top 70%) |
| Sharpe ratio, 5 years | 0.71 | 446 of 2,893 (top 16%) |

### 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).

- 133 stocks and five ETFs worth at least $500 million sit in the green region: each earned more than CRWD over the past 5 years with smaller price swings. That is 4% of the 3,633 screened.
- Among those with at least half CRWD's swings, FIX has the best return for its risk: 77.0% a year at 46.7% volatility, 11% less than CRWD's 52.7%, and a Sharpe ratio (return above cash per unit of volatility) of 1.46 against 0.71 for CRWD.
- Among CRWD's popular alternatives, PANW is in the region. PANW earned 31.9% a year against 26.3% a year for CRWD, at 43.4% volatility, 18% less than CRWD's 52.7%.

### Is there a better investment than CRWD?

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.

- 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%.
- Across the whole market, 138 of the 3,633 stocks and funds worth at least $500 million earned more than CRWD with less volatility over the past 5 years, among them TSM, AVGO and LLY.

The 15 strongest of 138 investments that beat CRWD over the past 5 years, out of 3,633 stocks and funds worth at least $500 million.

| Investment | Group | Annual return (5 years) | Volatility | Sharpe | Worst decline (10 years) | 5Y return | Correlation with CRWD | Better on |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| CRWD: CrowdStrike Holdings, Inc. (this page) |  | +26.3% | 52.7% | 0.71 | −67.7% | +221% |  |  |
| [CAH](https://easycompare.io/research/cah): Cardinal Health, Inc. | Health Care Distribution | +42.1% | 24.7% | 1.55 | −46.1% | +479% | 0.10 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Smaller losses in recent crashes |
| [FIX](https://easycompare.io/research/fix): Comfort Systems USA, Inc. | Engineering & Construction | +77.0% | 46.7% | 1.46 | −49.7% | +1,636% | 0.11 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Smaller losses in recent crashes |
| [LLY](https://easycompare.io/research/lly): Eli Lilly and Company | Pharmaceuticals | +40.7% | 32.8% | 1.21 | −34.5% | +451% | 0.30 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Smaller losses in recent crashes |
| [HSBC](https://easycompare.io/research/hsbc): HSBC Holdings plc | Banks | +33.1% | 25.9% | 1.24 | −62.3% | +318% | -0.13 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Smaller losses in recent crashes |
| [CAT](https://easycompare.io/research/cat): Caterpillar Inc. | Industrial Machinery | +31.1% | 31.9% | 1.01 | −43.4% | +288% | 0.04 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Smaller losses in recent crashes |
| [MUFG](https://easycompare.io/research/mufg): Mitsubishi UFJ Financial Group, Inc. | Banks | +33.2% | 29.4% | 1.13 | −54.9% | +319% | -0.11 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Smaller losses in recent crashes |
| [MCK](https://easycompare.io/research/mck): McKesson Corporation | Health Care Distribution | +38.7% | 25.0% | 1.44 | −38.1% | +413% | -0.09 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Smaller losses in recent crashes |
| INSW: International Seaways, Inc. | Oil & Gas | +56.5% | 40.5% | 1.31 | −57.4% | +839% | -0.12 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Smaller losses in recent crashes |
| [APH](https://easycompare.io/research/aph): Amphenol Corporation | Electronic Components | +33.8% | 32.2% | 1.07 | −37.5% | +329% | 0.26 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Smaller losses in recent crashes |
| [IBKR](https://easycompare.io/research/ibkr): Interactive Brokers Group, Inc. | Investment Banking & Brokerage | +35.4% | 35.4% | 1.04 | −55.1% | +355% | 0.26 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Smaller losses in recent crashes |
| [MFG](https://easycompare.io/research/mfg): Mizuho Financial Group, Inc. | Banks | +33.6% | 30.6% | 1.10 | −45.7% | +326% | -0.12 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Smaller losses in recent crashes |
| [SMFG](https://easycompare.io/research/smfg): Sumitomo Mitsui Financial Group, Inc. | Banks | +33.7% | 29.4% | 1.14 | −47.6% | +327% | -0.25 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Smaller losses in recent crashes |
| [PWR](https://easycompare.io/research/pwr): Quanta Services, Inc. | Engineering & Construction | +39.3% | 37.2% | 1.08 | −45.5% | +425% | 0.18 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Smaller losses in recent crashes |
| [GLW](https://easycompare.io/research/glw): Corning Inc | Electronic Components | +31.4% | 42.1% | 0.86 | −51.5% | +292% | 0.02 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Smaller losses in recent crashes |
| [VST](https://easycompare.io/research/vst): Vistra Corp. | Independent Power Producers | +53.4% | 48.6% | 1.13 | −53.3% | +748% | 0.16 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Smaller losses in recent crashes |

## 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.

- Only PANW was both more rewarding and calmer than CRWD over the past 5 years, earning a higher annual return with lower volatility.
- Over the past 5 years, CRWD returned 26.3% a year, more than the S&P 500's 12.7%, with higher volatility (52.7% against 17.1%).

### 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.

- None of the 21 popular alternatives outperformed CRWD in at least 3 of 5 short-term and 2 of 2 long-term timeframes. The closest was PANW.
- PANW and CSCO earned more for the risk they took than CRWD (a higher Sharpe ratio) and fell less in their worst decline of the past 10 years.

| Investment | 1Y return | 3Y return | 5Y return | Periods ahead of CRWD | Verdict | Sharpe |
| --- | --- | --- | --- | --- | --- | --- |
| CRWD: CrowdStrike Holdings, Inc. (this page) | +80.6% | +409% | +221% |  |  | 0.71 |
| [PANW](https://easycompare.io/research/panw): Palo Alto Networks, Inc. | +60.6% | +180% | +299% | 0/5 short-term, 1/2 long-term |  | 0.86 |
| OKTA: Okta, Inc. | +120% | +157% | −24.3% | 5/5 short-term, 0/2 long-term |  | 0.21 |
| [FTNT](https://easycompare.io/research/ftnt): Fortinet, Inc. | +101% | +203% | +156% | 3/5 short-term, 0/2 long-term |  | 0.65 |
| QLYS: Qualys, Inc. | +49.2% | +22.3% | +65.9% | 3/5 short-term, 0/2 long-term |  | 0.45 |
| [MSFT](https://easycompare.io/research/msft): Microsoft Corporation | +3.8% | +66.6% | +80.3% | 2/5 short-term, 0/2 long-term |  | 0.56 |
| [NOW](https://easycompare.io/research/now): ServiceNow, Inc. | −18.5% | +37.8% | +9.8% | 2/5 short-term, 0/2 long-term |  | 0.27 |
| [SNOW](https://easycompare.io/research/snow): Snowflake Inc. | +30.1% | +116% | −4.3% | 2/5 short-term, 0/2 long-term |  | 0.29 |
| ZS: Zscaler, Inc. | −29.9% | +32.3% | −27.9% | 2/5 short-term, 0/2 long-term |  | 0.18 |
| RPD: Rapid7, Inc. | −29.6% | −73.4% | −89.4% | 2/5 short-term, 0/2 long-term |  | -0.48 |
| FFIV: F5, Inc. | +54.0% | +208% | +120% | 1/5 short-term, 0/2 long-term |  | 0.67 |
| [CSCO](https://easycompare.io/research/csco): Cisco Systems, Inc. | +53.8% | +118% | +118% | 1/5 short-term, 0/2 long-term |  | 0.73 |
| [DDOG](https://easycompare.io/research/ddog): Datadog, Inc. | +64.1% | +198% | +61.4% | 1/5 short-term, 0/2 long-term |  | 0.45 |
| [AMZN](https://easycompare.io/research/amzn): Amazon.com, Inc. | +21.3% | +110% | +53.8% | 1/5 short-term, 0/2 long-term |  | 0.42 |
| CHKP: Check Point Software Technologies Ltd. | −27.1% | +4.6% | +14.8% | 1/5 short-term, 0/2 long-term |  | 0.24 |
| RDWR: Radware Ltd. | +14.4% | +84.0% | −16.3% | 1/5 short-term, 0/2 long-term |  | 0.10 |
| VRNS: Varonis Systems, Inc. | −21.8% | +51.1% | −23.3% | 1/5 short-term, 0/2 long-term |  | 0.20 |
| TENB: Tenable Holdings, Inc. | +31.0% | −8.7% | −24.0% | 1/5 short-term, 0/2 long-term |  | 0.12 |
| S: SentinelOne, Inc. | +28.4% | +37.7% | −64.8% | 1/5 short-term, 0/2 long-term |  | -0.01 |
| [NET](https://easycompare.io/research/net): Cloudflare, Inc. | +36.8% | +391% | +66.1% | 0/5 short-term, 0/2 long-term |  | 0.49 |
| GEN: Gen Digital Inc. | −8.1% | +48.7% | +2.2% | 0/5 short-term, 0/2 long-term |  | 0.18 |
| AKAM: Akamai Technologies, Inc. | +20.7% | −13.8% | −17.1% | 0/5 short-term, 0/2 long-term |  | 0.10 |

### 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.

- CRWD finished ahead of the S&P 500 in four of its six full calendar years, and ahead of it in each of the last three.
- Ranked against its popular alternatives each year, CRWD finished in the top quarter in four of six years and in the bottom quarter in one. In 2025, it ranked 3 of 22.
- None of the 20 popular alternatives came out ahead of CRWD in most of the years they have in common.

| Year | CRWD | SPY |
| --- | --- | --- |
| 2025 | +37.0% | +17.7% |
| 2024 | +34.0% | +24.9% |
| 2023 | +143% | +26.2% |
| 2022 | −48.6% | −18.2% |
| 2021 | −3.3% | +28.7% |
| 2020 | +325% | +18.3% |

## 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.

- In all five of CRWD's worst declines, the S&P 500 held up better over the same dates.
- Not every decline was the market's doing: CRWD fell 44.4% from July to August 2024, while the S&P 500 slipped only 2.3%.
- The longest climb back to a previous high took 12 months, after CRWD fell 67.7% from November 2021 to January 2023.

| Decline | Peak | Low | Back at the high | SPY over the same dates | Market event |
| --- | --- | --- | --- | --- | --- |
| −67.7% | November 9, 2021 | January 6, 2023 | January 22, 2024 | −15.3% | 2022 bear market |
| −66.9% | August 13, 2019 | March 16, 2020 | June 16, 2020 | −17.2% | Covid crash |
| −44.4% | July 1, 2024 | August 2, 2024 | January 28, 2025 | −2.3% |  |
| −37.2% | November 10, 2025 | February 24, 2026 | May 13, 2026 | +1.2% |  |
| −32.2% | February 18, 2025 | March 10, 2025 | May 23, 2025 | −8.3% |  |

### 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.

- CRWD fell further than the S&P 500 in all three crashes it has traded through. The clearest case was the 2022 bear market, when CRWD fell 42.7% and the S&P 500 fell 24.5%.
- Among its popular alternatives, PANW held up best, falling less than CRWD in all three crashes they both traded through.
- CRWD began trading after the 2008 financial crisis, but eight of its popular alternatives lived through it. The mildest fall among them was CHKP's 34.4%, against 55.2% for the S&P 500.

| Crash | Dates | CRWD fall | SPY fall |
| --- | --- | --- | --- |
| Dot-com bust | March 10, 2000 to October 9, 2002 | not trading | −47.5% |
| Global financial crisis | October 9, 2007 to March 9, 2009 | not trading | −55.2% |
| Flash crash | May 6, 2010 to May 7, 2010 | not trading | −1.5% |
| Euro debt crisis | July 22, 2011 to October 3, 2011 | not trading | −17.9% |
| China devaluation & oil rout | August 10, 2015 to February 11, 2016 | not trading | −12.8% |
| Volmageddon | February 2, 2018 to February 9, 2018 | not trading | −6.5% |
| Q4 2018 selloff | September 21, 2018 to December 24, 2018 | not trading | −19.3% |
| COVID crash | February 19, 2020 to March 23, 2020 | −50.0% | −33.7% |
| 2022 bear market | January 4, 2022 to October 12, 2022 | −42.7% | −24.5% |
| SVB / regional bank stress | March 8, 2023 to March 13, 2023 | −7.1% | −3.4% |

### 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.

- None of the 20 popular alternatives with the same record had a higher capture ratio (upside capture divided by downside capture) than CRWD's 3.21.
- Over the past 5 years, CRWD captured 122% of the S&P 500's gains in rising months and 38% of its losses in falling months, with a beta of 1.19. Its share of the market's gains was larger than its share of the losses.
- PANW took just -13% of the S&P 500's losses, against 38% for CRWD, while still keeping 104% of its gains.

Measured over the past 5 years of monthly returns against SPY.

| Investment | Upside capture | Downside capture | Beta |
| --- | --- | --- | --- |
| CRWD: CrowdStrike Holdings, Inc. (this page) | 122% | 38.0% | 1.19 |
| [PANW](https://easycompare.io/research/panw): Palo Alto Networks, Inc. | 104% | −13.0% | 0.93 |
| OKTA: Okta, Inc. | 39.0% | 87.0% | 0.74 |
| [FTNT](https://easycompare.io/research/ftnt): Fortinet, Inc. | 119% | 75.0% | 1.03 |
| QLYS: Qualys, Inc. | 65.0% | 53.0% | 0.61 |
| [MSFT](https://easycompare.io/research/msft): Microsoft Corporation | 115% | 126% | 1.10 |
| [NOW](https://easycompare.io/research/now): ServiceNow, Inc. | 85.0% | 142% | 0.99 |
| [SNOW](https://easycompare.io/research/snow): Snowflake Inc. | 83.0% | 134% | 1.35 |
| ZS: Zscaler, Inc. | 39.0% | 105% | 0.93 |
| RPD: Rapid7, Inc. | −17.0% | 238% | 1.02 |
| FFIV: F5, Inc. | 102% | 83.0% | 1.03 |
| [CSCO](https://easycompare.io/research/csco): Cisco Systems, Inc. | 98.0% | 75.0% | 0.99 |
| [DDOG](https://easycompare.io/research/ddog): Datadog, Inc. | 112% | 119% | 1.51 |
| [AMZN](https://easycompare.io/research/amzn): Amazon.com, Inc. | 125% | 170% | 1.45 |
| CHKP: Check Point Software Technologies Ltd. | 53.0% | 80.0% | 0.47 |
| RDWR: Radware Ltd. | 55.0% | 114% | 0.87 |
| VRNS: Varonis Systems, Inc. | 23.0% | 74.0% | 0.77 |
| TENB: Tenable Holdings, Inc. | 48.0% | 116% | 1.00 |
| S: SentinelOne, Inc. | 16.0% | 129% | 0.70 |
| [NET](https://easycompare.io/research/net): Cloudflare, Inc. | 118% | 72.0% | 1.64 |
| GEN: Gen Digital Inc. | 97.0% | 177% | 1.26 |
| AKAM: Akamai Technologies, Inc. | 66.0% | 117% | 0.62 |

### 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).

- Moving a fifth of the money in CRWD into LVHI would have cut the portfolio's volatility by 21% over the past 5 years for a small cut in its annual return (+33.9% for CRWD alone, +33.7% for the mix).
- LVHI made money in two of the two calendar years in which CRWD lost money.
- Among large ETFs, LVHI, DXJ and EMLP have moved largely independently of CRWD over the past 5 years, with correlations of 0.11 or lower, and each still earned a positive 5-year return.

| Investment | Correlation with CRWD | 5Y return | Volatility | Sharpe | Rose in CRWD's 2 down years |
| --- | --- | --- | --- | --- | --- |
| LVHI: Franklin International Low Volatility High Dividend Index ETF | -0.23 | +119% | 11.1% | 1.48 | 2 of 2 |
| DXJ: WisdomTree Japan Hedged Equity Fund | 0.11 | +225% | 19.1% | 1.34 | 2 of 2 |
| EMLP: First Trust North American Energy Infrastructure Fund | -0.10 | +101% | 14.5% | 1.04 | 2 of 2 |
| HDV: iShares Core High Dividend ETF | -0.17 | +83.3% | 13.0% | 1.00 | 2 of 2 |
| [SMH](https://easycompare.io/research/smh): VanEck Semiconductor ETF | 0.37 | +323% | 36.9% | 0.97 | 1 of 2 |
| DBEF: Xtrackers MSCI EAFE Hedged Equity ETF | 0.10 | +85.0% | 13.8% | 0.96 | 1 of 2 |
| [GLD](https://easycompare.io/research/gld): SPDR Gold Shares | -0.11 | +126% | 18.9% | 0.96 | 0 of 2 |
| SPMO: Invesco S&P 500 Momentum ETF | 0.42 | +136% | 20.8% | 0.93 | 1 of 2 |

## 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.

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## Explore further

- Full page with charts: https://easycompare.io/research/crwd
- All research pages: https://easycompare.io/llms.txt
- Compare the entire market against CRWD live: https://betterthanspy.com/?b=CRWD&utm_source=easycompare&utm_medium=research