EPAM vs IIIV: Correlation
EPAM Systems, Inc. (EPAM) and i3 Verticals, Inc. (IIIV) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EPAM and IIIV?
Over the past 3 years, EPAM and IIIV moved with a correlation of 0.43, which is moderate. Recent behaviour matches the longer record: 0.36 over 1 year against 0.43 over 3. Over 5 years the correlation is 0.38, and the annualized covariance of weekly returns is 765.2 %².
Among the 16 assets we track against EPAM, IIIV ranks #11 by 3-year correlation. Over the last 12 months EPAM came out ahead by 12.2 percentage points (-35.0% against -47.2%).
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.
EPAM vs IIIV: side by side
| EPAM (EPAM Systems, Inc.) | IIIV (i3 Verticals, Inc.) | |
|---|---|---|
| 1-year return | -35.0% | -47.2% |
| 5-year return | -82.3% | -43.7% |
| Volatility (ann.) | 47.0% | 37.8% |
| Beta vs S&P 500 | 0.98 | 0.59 |
| Max drawdown (3Y) | -75.8% | -51.7% |
| Market cap | $5.8B | $0.4B |
| P/E (trailing) | 14.8 | 58.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EPAM | IIIV |
|---|---|---|
| 2022 | -51.0% | +6.8% |
| 2023 | -9.3% | -13.0% |
| 2024 | -21.4% | +8.8% |
| 2025 | -12.4% | +9.3% |
| 2026 | -45.0% | -35.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EPAM and IIIV good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between EPAM and IIIV?
The EPAM/IIIV correlation stands at 0.43 on a 3-year window (1 year: 0.36, 5 years: 0.38), computed from weekly returns as of 2026-08-27.
Is IIIV a good diversifier for EPAM?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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: EPAM correlations · IIIV correlations
