AIRS vs FIVN: Correlation
AirSculpt Technologies, Inc. (AIRS) and Five9, Inc. (FIVN) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIRS and FIVN?
Over the past 3 years, AIRS and FIVN moved with a correlation of 0.38, which is moderate. Recent behaviour matches the longer record: 0.36 over 1 year against 0.38 over 3. Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 2152.3 %².
In AIRS's tracked universe of 11 assets, FIVN sits right near the top at #3. The last year tells two different stories: FIVN led by 87.0 percentage points, -59.0% for AIRS against +28.0% for FIVN. Note the risk asymmetry: AIRS runs 1.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
AIRS vs FIVN: side by side
| AIRS (AirSculpt Technologies, Inc.) | FIVN (Five9, Inc.) | |
|---|---|---|
| 1-year return | -59.0% | +28.0% |
| 5-year return | -82.9% | -81.3% |
| Volatility (ann.) | 100.5% | 55.7% |
| Beta vs S&P 500 | 2.11 | 1.84 |
| Max drawdown (3Y) | -86.4% | -84.1% |
| Market cap | $0.2B | $2.6B |
| P/E (trailing) | – | 46.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AIRS | FIVN |
|---|---|---|
| 2022 | -77.5% | -50.6% |
| 2023 | +102.4% | +16.0% |
| 2024 | -30.7% | -48.4% |
| 2025 | -61.8% | -50.7% |
| 2026 | +31.8% | +72.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIRS and FIVN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AIRS and FIVN?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.36 over the last year and 0.37 over 5 years.
Is FIVN a good diversifier for AIRS?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: AIRS correlations · FIVN correlations
