FIVN vs PUBM: Correlation
Measured on weekly returns over the past three years, Five9, Inc. (FIVN) and PubMatic, Inc. (PUBM) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FIVN and PUBM?
Over the past 3 years, FIVN and PUBM moved with a correlation of 0.53, which is moderate. The relationship has been stable: the 1-year correlation (0.50) sits close to the 3-year figure. Over 5 years the correlation is 0.49, and the annualized covariance of weekly returns is 1815.1 %².
By 3-year correlation, PUBM places #10 of the 23 assets tracked against FIVN. Their recent paths diverged sharply: over the last 12 months PUBM outperformed by 63.7 percentage points (+28.0% for FIVN against +91.7% for PUBM).
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 PUBM: side by side
| FIVN (Five9, Inc.) | PUBM (PubMatic, Inc.) | |
|---|---|---|
| 1-year return | +28.0% | +91.7% |
| 5-year return | -81.3% | -40.5% |
| Volatility (ann.) | 55.7% | 61.6% |
| Beta vs S&P 500 | 1.84 | 1.56 |
| Max drawdown (3Y) | -84.1% | -73.9% |
| Market cap | $2.6B | $0.7B |
| P/E (trailing) | 46.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FIVN | PUBM |
|---|---|---|
| 2022 | -50.6% | -62.4% |
| 2023 | +16.0% | +27.3% |
| 2024 | -48.4% | -9.9% |
| 2025 | -50.7% | -39.6% |
| 2026 | +72.4% | +84.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FIVN and PUBM good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between FIVN and PUBM?
The FIVN/PUBM correlation stands at 0.53 on a 3-year window (1 year: 0.50, 5 years: 0.49), computed from weekly returns as of 2026-08-27.
Is PUBM a good diversifier for FIVN?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 mean?
A reading of 0.53 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fivn-vs-pubm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fivn-vs-pubm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FIVN correlations · PUBM correlations
