FIVN vs GTLB: Correlation
Measured on weekly returns over the past three years, Five9, Inc. (FIVN) and GitLab Inc. (GTLB) carry a correlation of 0.59, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FIVN and GTLB?
Across a 3-year window, the weekly returns of FIVN and GTLB correlate at 0.59, moderate. Little has changed lately, as the 1-year reading of 0.61 lands near the 3-year figure. Stretching to 5 years gives 0.57, with an annualized covariance of 1706.7 %².
Among the 23 assets we track against FIVN, GTLB ranks #6 by 3-year correlation. The last year tells two different stories: FIVN led by 33.2 percentage points, +28.0% for FIVN against -5.2% for GTLB.
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.
FIVN vs GTLB: side by side
| FIVN (Five9, Inc.) | GTLB (GitLab Inc.) | |
|---|---|---|
| 1-year return | +28.0% | -5.2% |
| 5-year return | -81.3% | -56.9% |
| Volatility (ann.) | 55.7% | 52.0% |
| Beta vs S&P 500 | 1.84 | 1.49 |
| Max drawdown (3Y) | -84.1% | -75.0% |
| Market cap | $2.6B | $7.6B |
| P/E (trailing) | 46.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FIVN | GTLB |
|---|---|---|
| 2022 | -50.6% | -47.8% |
| 2023 | +16.0% | +38.6% |
| 2024 | -48.4% | -10.5% |
| 2025 | -50.7% | -33.4% |
| 2026 | +72.4% | +19.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FIVN and GTLB good diversifiers for each other?
Only partially. A correlation of 0.59 means FIVN and GTLB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between FIVN and GTLB?
Using weekly returns as of 2026-08-27: 0.59 over 3 years, with 0.61 over the last year and 0.57 over 5 years.
Is GTLB a good diversifier for FIVN?
Only partially. A correlation of 0.59 means FIVN and GTLB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.59 mean?
On the −1 to +1 scale, 0.59 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/fivn-vs-gtlb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fivn-vs-gtlb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FIVN correlations · GTLB correlations
