BAND vs FIVN: Correlation
Measured on weekly returns over the past three years, Bandwidth Inc. (BAND) and Five9, Inc. (FIVN) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BAND and FIVN?
Over the past 3 years, BAND and FIVN moved with a correlation of 0.52, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.67 versus 0.52 over 3 years. Over 5 years the correlation is 0.50, and the annualized covariance of weekly returns is 2714.2 %².
Few assets follow BAND as closely as FIVN, which ranks #3 of 15 tracked partners. The last year tells two different stories: BAND led by 221.2 percentage points, +249.2% for BAND against +28.0% for FIVN. Risk is not evenly split, since BAND carries 1.7 times the volatility of the other side.
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.
BAND vs FIVN: side by side
| BAND (Bandwidth Inc.) | FIVN (Five9, Inc.) | |
|---|---|---|
| 1-year return | +249.2% | +28.0% |
| 5-year return | -50.5% | -81.3% |
| Volatility (ann.) | 93.1% | 55.7% |
| Beta vs S&P 500 | 1.91 | 1.84 |
| Max drawdown (3Y) | -52.9% | -84.1% |
| Market cap | $1.7B | $2.6B |
| P/E (trailing) | – | 46.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BAND | FIVN |
|---|---|---|
| 2022 | -68.0% | -50.6% |
| 2023 | -36.9% | +16.0% |
| 2024 | +17.6% | -48.4% |
| 2025 | -9.2% | -50.7% |
| 2026 | +235.6% | +72.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BAND and FIVN good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BAND and FIVN?
The BAND/FIVN correlation stands at 0.52 on a 3-year window (1 year: 0.67, 5 years: 0.50), computed from weekly returns as of 2026-08-27.
Is FIVN a good diversifier for BAND?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 mean?
On the −1 to +1 scale, 0.52 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.
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Related comparisons
Hubs: BAND correlations · FIVN correlations
