FIVN vs SMTI: Correlation
Measured on weekly returns over the past three years, Five9, Inc. (FIVN) and Sanara MedTech Inc. (SMTI) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FIVN and SMTI?
Over the past 3 years, FIVN and SMTI moved with a correlation of 0.46, which is moderate. Recent behaviour matches the longer record: 0.42 over 1 year against 0.46 over 3. Over 5 years the correlation is 0.31, and the annualized covariance of weekly returns is 1316.2 %².
Among the 23 assets we track against FIVN, SMTI ranks #17 by 3-year correlation. The last year tells two different stories: FIVN led by 26.1 percentage points, +28.0% for FIVN against +1.9% for SMTI.
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 SMTI: side by side
| FIVN (Five9, Inc.) | SMTI (Sanara MedTech Inc.) | |
|---|---|---|
| 1-year return | +28.0% | +1.9% |
| 5-year return | -81.3% | -0.3% |
| Volatility (ann.) | 55.7% | 51.5% |
| Beta vs S&P 500 | 1.84 | 1.20 |
| Max drawdown (3Y) | -84.1% | -60.7% |
| Market cap | $2.6B | $0.3B |
| P/E (trailing) | 46.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FIVN | SMTI |
|---|---|---|
| 2022 | -50.6% | +54.0% |
| 2023 | +16.0% | -9.7% |
| 2024 | -48.4% | -19.2% |
| 2025 | -50.7% | -29.7% |
| 2026 | +72.4% | +48.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FIVN and SMTI good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FIVN and SMTI?
As of 2026-08-27, the correlation of weekly returns between FIVN and SMTI is 0.46 over 3 years, 0.42 over 1 year and 0.31 over 5 years.
Is SMTI a good diversifier for FIVN?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 mean?
A reading of 0.46 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-smti.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fivn-vs-smti/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FIVN correlations · SMTI correlations
