EBAY vs VRNS: Correlation
How closely do eBay Inc. (EBAY) and Varonis Systems, Inc. (VRNS) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EBAY and VRNS?
Over the past 3 years, EBAY and VRNS moved with a correlation of 0.38, which is moderate. Recent behaviour matches the longer record: 0.43 over 1 year against 0.38 over 3. Over 5 years the correlation is 0.38, and the annualized covariance of weekly returns is 543.1 %².
By 3-year correlation, VRNS places #6 of the 33 assets tracked against EBAY. Correlation aside, the last 12 months split them widely, with EBAY ahead by 34.0 points (+10.6% versus -23.4%). One caveat on sizing: VRNS is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
EBAY vs VRNS: side by side
| EBAY (eBay Inc.) | VRNS (Varonis Systems, Inc.) | |
|---|---|---|
| 1-year return | +10.6% | -23.4% |
| 5-year return | +43.9% | -35.2% |
| Volatility (ann.) | 28.9% | 50.1% |
| Beta vs S&P 500 | 0.58 | 1.01 |
| Max drawdown (3Y) | -20.7% | -68.1% |
| Market cap | $45.5B | $5.1B |
| P/E (trailing) | 21.9 | – |
| Dividend yield | 1.15% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | EBAY | VRNS |
|---|---|---|
| 2022 | -36.5% | -50.9% |
| 2023 | +7.7% | +89.1% |
| 2024 | +44.8% | -1.9% |
| 2025 | +42.7% | -26.2% |
| 2026 | +18.1% | +36.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EBAY and VRNS good diversifiers for each other?
Reasonably. At 0.38, EBAY and VRNS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EBAY and VRNS?
As of 2026-08-27, the correlation of weekly returns between EBAY and VRNS is 0.38 over 3 years, 0.43 over 1 year and 0.38 over 5 years.
Is VRNS a good diversifier for EBAY?
Reasonably. At 0.38, EBAY and VRNS keep a meaningful degree of independence, and combining them has historically reduced portfolio 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: EBAY correlations · VRNS correlations
