FFIV vs INBX: Correlation
How closely do F5, Inc. (FFIV) and Inhibrx Biosciences, Inc. (INBX) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FFIV and INBX?
On 3 years of weekly data the FFIV/INBX correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.32) than the 3-year average (-0.21). The 5-year figure is n/a, and annualized covariance runs at -479.7 %².
Among the 34 assets we track against FFIV, INBX ranks #27 by 3-year correlation. Correlation aside, the last 12 months split them widely, with INBX ahead by 323.2 points (+29.1% versus +352.3%). Risk is not evenly split, since INBX carries 3.0 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.
FFIV vs INBX: side by side
| FFIV (F5, Inc.) | INBX (Inhibrx Biosciences, Inc.) | |
|---|---|---|
| 1-year return | +29.1% | +352.3% |
| 5-year return | +99.3% | n/a |
| Volatility (ann.) | 26.6% | 80.6% |
| Beta vs S&P 500 | 0.77 | 1.34 |
| Max drawdown (3Y) | -34.7% | -44.1% |
| Market cap | $23.2B | $1.8B |
| P/E (trailing) | 31.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | FFIV | INBX |
|---|---|---|
| 2022 | -41.4% | – |
| 2023 | +24.7% | – |
| 2024 | +40.5% | – |
| 2025 | +1.5% | +413.0% |
| 2026 | +60.7% | +56.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FFIV and INBX good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between FFIV and INBX?
As of 2026-08-27, the correlation of weekly returns between FFIV and INBX is -0.21 over 3 years, -0.32 over 1 year and n/a over 5 years.
Is INBX a good diversifier for FFIV?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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: FFIV correlations · INBX correlations
