FIVN vs XRX: Correlation
Measured on weekly returns over the past three years, Five9, Inc. (FIVN) and Xerox Holdings Corporation (XRX) 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 XRX?
Across a 3-year window, the weekly returns of FIVN and XRX correlate at 0.53, moderate. Little has changed lately, as the 1-year reading of 0.61 lands near the 3-year figure. Stretching to 5 years gives 0.46, with an annualized covariance of 2287.8 %².
By 3-year correlation, XRX places #11 of the 23 assets tracked against FIVN. The last year tells two different stories: FIVN led by 48.0 percentage points, +28.0% for FIVN against -20.0% for XRX.
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 XRX: side by side
| FIVN (Five9, Inc.) | XRX (Xerox Holdings Corporation) | |
|---|---|---|
| 1-year return | +28.0% | -20.0% |
| 5-year return | -81.3% | -81.9% |
| Volatility (ann.) | 55.7% | 77.4% |
| Beta vs S&P 500 | 1.84 | 2.12 |
| Max drawdown (3Y) | -84.1% | -92.7% |
| Market cap | $2.6B | $0.4B |
| P/E (trailing) | 46.7 | – |
| Dividend yield | 0.00% | 3.36% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FIVN | XRX |
|---|---|---|
| 2022 | -50.6% | -31.3% |
| 2023 | +16.0% | +33.8% |
| 2024 | -48.4% | -49.8% |
| 2025 | -50.7% | -70.6% |
| 2026 | +72.4% | +28.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FIVN and XRX 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 XRX?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.61 over the last year and 0.46 over 5 years.
Is XRX 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.
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Related comparisons
Hubs: FIVN correlations · XRX correlations
