ADP vs FFIV: Correlation
Automatic Data Processing (ADP) and F5, Inc. (FFIV) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADP and FFIV?
Across a 3-year window, the weekly returns of ADP and FFIV correlate at 0.44, moderate. Little has changed lately, as the 1-year reading of 0.49 lands near the 3-year figure. Stretching to 5 years gives 0.52, with an annualized covariance of 255.8 %².
By 3-year correlation, FFIV places #26 of the 43 assets tracked against ADP. Their recent paths diverged sharply: over the last 12 months FFIV outperformed by 32.6 percentage points (-3.5% for ADP against +29.1% for FFIV). This link changes with the market regime, having swung between 0.15 and 0.69 on a rolling one-year basis.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ADP vs FFIV: side by side
| ADP (Automatic Data Processing) | FFIV (F5, Inc.) | |
|---|---|---|
| 1-year return | -3.5% | +29.1% |
| 5-year return | +52.0% | +99.3% |
| Volatility (ann.) | 21.7% | 26.6% |
| Beta vs S&P 500 | 0.53 | 0.77 |
| Max drawdown (3Y) | -40.8% | -34.7% |
| Market cap | $113.1B | $23.2B |
| P/E (trailing) | 26.0 | 31.8 |
| Dividend yield | 2.36% | 0.00% |
| Sector / category | Industrials | Information Technology |
Year-by-year returns
| Year | ADP | FFIV |
|---|---|---|
| 2022 | -1.3% | -41.4% |
| 2023 | -0.2% | +24.7% |
| 2024 | +28.4% | +40.5% |
| 2025 | -10.2% | +1.5% |
| 2026 | +12.4% | +60.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADP and FFIV good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ADP and FFIV?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.49 over the last year and 0.52 over 5 years.
Is FFIV a good diversifier for ADP?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/adp-vs-ffiv.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/adp-vs-ffiv/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ADP correlations · FFIV correlations
