FIVE vs W: Correlation
Measured on weekly returns over the past three years, Five Below, Inc. (FIVE) and Wayfair Inc. (W) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FIVE and W?
Over the past 3 years, FIVE and W moved with a correlation of 0.45, which is moderate. Recent behaviour matches the longer record: 0.38 over 1 year against 0.45 over 3. Over 5 years the correlation is 0.46, and the annualized covariance of weekly returns is 1523.6 %².
Among the 13 assets we track against FIVE, W ranks #5 by 3-year correlation. The last year tells two different stories: FIVE led by 30.0 percentage points, +71.0% for FIVE against +41.0% for W.
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.
FIVE vs W: side by side
| FIVE (Five Below, Inc.) | W (Wayfair Inc.) | |
|---|---|---|
| 1-year return | +71.0% | +41.0% |
| 5-year return | +15.1% | -64.0% |
| Volatility (ann.) | 50.8% | 67.1% |
| Beta vs S&P 500 | 1.42 | 2.50 |
| Max drawdown (3Y) | -74.1% | -67.7% |
| Market cap | $13.7B | $14.4B |
| P/E (trailing) | 31.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FIVE | W |
|---|---|---|
| 2022 | -14.5% | -82.7% |
| 2023 | +20.5% | +87.6% |
| 2024 | -50.8% | -28.2% |
| 2025 | +79.5% | +126.6% |
| 2026 | +31.1% | +4.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FIVE and W good diversifiers for each other?
Reasonably. At 0.45, FIVE and W keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FIVE and W?
As of 2026-08-27, the correlation of weekly returns between FIVE and W is 0.45 over 3 years, 0.38 over 1 year and 0.46 over 5 years.
Is W a good diversifier for FIVE?
Reasonably. At 0.45, FIVE and W keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 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/five-vs-w.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/five-vs-w/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FIVE correlations · W correlations
