FIVN vs ZM: Correlation
Measured on weekly returns over the past three years, Five9, Inc. (FIVN) and Zoom Communications, Inc. (ZM) carry a correlation of 0.61, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FIVN and ZM?
Over the past 3 years, FIVN and ZM moved with a correlation of 0.61, which is strong. Little has changed lately, as the 1-year reading of 0.67 lands near the 3-year figure. Over 5 years the correlation is 0.62, and the annualized covariance of weekly returns is 1199.8 %².
Within FIVN's tracked universe of 23 assets, ZM comes in at #4 by 3-year correlation. Their 12-month results are close: +28.0% for FIVN against +23.9% for ZM. One caveat on sizing: FIVN is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 ZM: side by side
| FIVN (Five9, Inc.) | ZM (Zoom Communications, Inc.) | |
|---|---|---|
| 1-year return | +28.0% | +23.9% |
| 5-year return | -81.3% | -71.1% |
| Volatility (ann.) | 55.7% | 35.5% |
| Beta vs S&P 500 | 1.84 | 0.96 |
| Max drawdown (3Y) | -84.1% | -25.9% |
| Market cap | $2.6B | $29.3B |
| P/E (trailing) | 46.7 | 9.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FIVN | ZM |
|---|---|---|
| 2022 | -50.6% | -63.2% |
| 2023 | +16.0% | +6.2% |
| 2024 | -48.4% | +13.5% |
| 2025 | -50.7% | +5.7% |
| 2026 | +72.4% | +16.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FIVN and ZM good diversifiers for each other?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between FIVN and ZM?
As of 2026-08-27, the correlation of weekly returns between FIVN and ZM is 0.61 over 3 years, 0.67 over 1 year and 0.62 over 5 years.
Is ZM a good diversifier for FIVN?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.61 mean?
On the −1 to +1 scale, 0.61 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-zm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fivn-vs-zm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FIVN correlations · ZM correlations
