FFIV vs MA: Correlation
How closely do F5, Inc. (FFIV) and Mastercard (MA) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FFIV and MA?
Across a 3-year window, the weekly returns of FFIV and MA correlate at 0.47, moderate. The past 12 months show a weaker link (0.33) than the 3-year average (0.47). Stretching to 5 years gives 0.39, with an annualized covariance of 242.6 %².
MA is one of the assets that tracks FFIV most closely: it ranks #1 out of the 34 assets we track against FFIV. The last year tells two different stories: FFIV led by 28.3 percentage points, +29.1% for FFIV against +0.8% for MA. The relationship is regime-dependent: the rolling one-year correlation swung between 0.20 and 0.71 over the past three years, so this pair behaves very differently depending on the market environment.
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 MA: side by side
| FFIV (F5, Inc.) | MA (Mastercard) | |
|---|---|---|
| 1-year return | +29.1% | +0.8% |
| 5-year return | +99.3% | +72.6% |
| Volatility (ann.) | 26.6% | 19.3% |
| Beta vs S&P 500 | 0.77 | 0.77 |
| Max drawdown (3Y) | -34.7% | -20.9% |
| Market cap | $23.2B | $518.4B |
| P/E (trailing) | 31.8 | 32.9 |
| Dividend yield | 0.00% | 0.56% |
| Sector / category | Information Technology | Financials |
Year-by-year returns
| Year | FFIV | MA |
|---|---|---|
| 2022 | -41.4% | -2.7% |
| 2023 | +24.7% | +23.4% |
| 2024 | +40.5% | +24.2% |
| 2025 | +1.5% | +9.0% |
| 2026 | +60.7% | +4.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FFIV and MA good diversifiers for each other?
Reasonably. At 0.47, FFIV and MA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FFIV and MA?
As of 2026-08-27, the correlation of weekly returns between FFIV and MA is 0.47 over 3 years, 0.33 over 1 year and 0.39 over 5 years.
Is MA a good diversifier for FFIV?
Reasonably. At 0.47, FFIV and MA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ffiv-vs-ma.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ffiv-vs-ma/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FFIV correlations · MA correlations
