FFIV vs OSPN: Correlation
Measured on weekly returns over the past three years, F5, Inc. (FFIV) and OneSpan Inc. (OSPN) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FFIV and OSPN?
On 3 years of weekly data the FFIV/OSPN correlation comes out at 0.44, moderate. The link has tightened recently: the 1-year correlation (0.56) runs above the 3-year figure (0.44). The 5-year figure is 0.42, and annualized covariance runs at 514.8 %².
By 3-year correlation, OSPN places #7 of the 34 assets tracked against FFIV. Over the last 12 months FFIV came out ahead by 13.5 percentage points (+29.1% against +15.6%). One caveat on sizing: OSPN is 1.6 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.
FFIV vs OSPN: side by side
| FFIV (F5, Inc.) | OSPN (OneSpan Inc.) | |
|---|---|---|
| 1-year return | +29.1% | +15.6% |
| 5-year return | +99.3% | -8.3% |
| Volatility (ann.) | 26.6% | 43.6% |
| Beta vs S&P 500 | 0.77 | 1.28 |
| Max drawdown (3Y) | -34.7% | -47.9% |
| Market cap | $23.2B | $0.6B |
| P/E (trailing) | 31.8 | 9.3 |
| Dividend yield | 0.00% | 3.32% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | FFIV | OSPN |
|---|---|---|
| 2022 | -41.4% | -33.9% |
| 2023 | +24.7% | -4.2% |
| 2024 | +40.5% | +72.9% |
| 2025 | +1.5% | -28.5% |
| 2026 | +60.7% | +32.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FFIV and OSPN good diversifiers for each other?
Reasonably. At 0.44, FFIV and OSPN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FFIV and OSPN?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.56 over the last year and 0.42 over 5 years.
Is OSPN a good diversifier for FFIV?
Reasonably. At 0.44, FFIV and OSPN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
A reading of 0.44 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ffiv-vs-ospn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ffiv-vs-ospn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FFIV correlations · OSPN correlations
