FFIV vs REED: Correlation
How closely do F5, Inc. (FFIV) and Reed's, Inc. (REED) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FFIV and REED?
On 3 years of weekly data the FFIV/REED correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.35) than the 3-year average (-0.22). The 5-year figure is -0.09, and annualized covariance runs at -620.2 %².
Among the 34 assets we track against FFIV, REED sits near the bottom by co-movement, at rank #30. Their recent paths diverged sharply: over the last 12 months FFIV outperformed by 113.2 percentage points (+29.1% for FFIV against -84.1% for REED). Note the risk asymmetry: REED runs 3.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 REED: side by side
| FFIV (F5, Inc.) | REED (Reed's, Inc.) | |
|---|---|---|
| 1-year return | +29.1% | -84.1% |
| 5-year return | +99.3% | -99.5% |
| Volatility (ann.) | 26.6% | 104.6% |
| Beta vs S&P 500 | 0.77 | -0.39 |
| Max drawdown (3Y) | -34.7% | -96.4% |
| Market cap | $23.2B | – |
| P/E (trailing) | 31.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | FFIV | REED |
|---|---|---|
| 2022 | -41.4% | -80.6% |
| 2023 | +24.7% | -54.3% |
| 2024 | +40.5% | -60.6% |
| 2025 | +1.5% | -44.4% |
| 2026 | +60.7% | -53.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FFIV and REED good diversifiers for each other?
Yes. With a correlation of -0.22, FFIV and REED have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FFIV and REED?
As of 2026-08-27, the correlation of weekly returns between FFIV and REED is -0.22 over 3 years, -0.35 over 1 year and -0.09 over 5 years.
Is REED a good diversifier for FFIV?
Yes. With a correlation of -0.22, FFIV and REED have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ffiv-vs-reed.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ffiv-vs-reed/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FFIV correlations · REED correlations
