FFIV vs SNPS: Correlation
F5, Inc. (FFIV) and Synopsys (SNPS) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FFIV and SNPS?
On 3 years of weekly data the FFIV/SNPS correlation comes out at 0.38, moderate. The relationship has been stable: the 1-year correlation (0.30) sits close to the 3-year figure. The 5-year figure is 0.43, and annualized covariance runs at 423.9 %².
Among the 34 assets we track against FFIV, SNPS ranks #23 by 3-year correlation. Correlation aside, the last 12 months split them widely, with FFIV ahead by 52.0 points (+29.1% versus -22.9%). The rolling one-year correlation moved between 0.21 and 0.68 over the past three years, a moderate range. Risk is not evenly split, since SNPS carries 1.6 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 SNPS: side by side
| FFIV (F5, Inc.) | SNPS (Synopsys) | |
|---|---|---|
| 1-year return | +29.1% | -22.9% |
| 5-year return | +99.3% | +39.1% |
| Volatility (ann.) | 26.6% | 42.2% |
| Beta vs S&P 500 | 0.77 | 1.57 |
| Max drawdown (3Y) | -34.7% | -42.3% |
| Market cap | $23.2B | $89.1B |
| P/E (trailing) | 31.8 | 71.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | FFIV | SNPS |
|---|---|---|
| 2022 | -41.4% | -13.4% |
| 2023 | +24.7% | +61.3% |
| 2024 | +40.5% | -5.7% |
| 2025 | +1.5% | -3.2% |
| 2026 | +60.7% | -1.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FFIV and SNPS good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FFIV and SNPS?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.30 over the last year and 0.43 over 5 years.
Is SNPS a good diversifier for FFIV?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 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.
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Related comparisons
Hubs: FFIV correlations · SNPS correlations
