IOT vs NET: Correlation
Samsara Inc. (IOT) and Cloudflare, Inc. (NET) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IOT and NET?
On 3 years of weekly data the IOT/NET correlation comes out at 0.57, moderate. The relationship has been stable: the 1-year correlation (0.58) sits close to the 3-year figure. The 5-year figure is 0.59, and annualized covariance runs at 1821.6 %².
Among the 18 assets we track against IOT, NET ranks #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with NET ahead by 32.8 points (+17.4% versus +50.2%).
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.
IOT vs NET: side by side
| IOT (Samsara Inc.) | NET (Cloudflare, Inc.) | |
|---|---|---|
| 1-year return | +17.4% | +50.2% |
| 5-year return | +69.5% | +149.7% |
| Volatility (ann.) | 59.7% | 53.7% |
| Beta vs S&P 500 | 1.74 | 1.68 |
| Max drawdown (3Y) | -60.2% | -45.0% |
| Market cap | – | $109.8B |
| P/E (trailing) | 418.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IOT | NET |
|---|---|---|
| 2022 | -55.8% | -65.6% |
| 2023 | +168.5% | +84.2% |
| 2024 | +30.9% | +29.3% |
| 2025 | -18.9% | +83.1% |
| 2026 | +18.1% | +56.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IOT and NET good diversifiers for each other?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between IOT and NET?
The IOT/NET correlation stands at 0.57 on a 3-year window (1 year: 0.58, 5 years: 0.59), computed from weekly returns as of 2026-08-27.
Is NET a good diversifier for IOT?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.57 mean?
On the −1 to +1 scale, 0.57 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/iot-vs-net.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/iot-vs-net/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IOT correlations · NET correlations
