FFIV vs SHMD: Correlation
F5, Inc. (FFIV) and SCHMID Group N.V. - Class A (SHMD) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FFIV and SHMD?
Over the past 3 years, FFIV and SHMD moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.24 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -566.1 %².
Within FFIV's tracked universe of 34 assets, SHMD comes in at #28 by 3-year correlation. Twelve-month performance is nearly a tie, at +29.1% for FFIV and +28.8% for SHMD. Risk is not evenly split, since SHMD carries 3.6 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 SHMD: side by side
| FFIV (F5, Inc.) | SHMD (SCHMID Group N.V. - Class A) | |
|---|---|---|
| 1-year return | +29.1% | +28.8% |
| 5-year return | +99.3% | n/a |
| Volatility (ann.) | 26.6% | 96.9% |
| Beta vs S&P 500 | 0.77 | 0.77 |
| Max drawdown (3Y) | -34.7% | -69.6% |
| Market cap | $23.2B | $0.2B |
| P/E (trailing) | 31.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | FFIV | SHMD |
|---|---|---|
| 2022 | -41.4% | – |
| 2023 | +24.7% | – |
| 2024 | +40.5% | – |
| 2025 | +1.5% | +101.1% |
| 2026 | +60.7% | -45.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FFIV and SHMD good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FFIV and SHMD?
The FFIV/SHMD correlation stands at -0.21 on a 3-year window (1 year: -0.24, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SHMD a good diversifier for FFIV?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 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-shmd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ffiv-vs-shmd/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FFIV correlations · SHMD correlations
