S vs VRNS: Correlation
How closely do SentinelOne, Inc. (S) and Varonis Systems, Inc. (VRNS) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are S and VRNS?
Over the past 3 years, S and VRNS moved with a correlation of 0.47, which is moderate. The relationship has been stable: the 1-year correlation (0.52) sits close to the 3-year figure. Over 5 years the correlation is 0.54, and the annualized covariance of weekly returns is 1148.1 %².
By 3-year correlation, VRNS places #9 of the 18 assets tracked against S. Correlation aside, the last 12 months split them widely, with S ahead by 55.8 points (+32.4% versus -23.4%).
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.
S vs VRNS: side by side
| S (SentinelOne, Inc.) | VRNS (Varonis Systems, Inc.) | |
|---|---|---|
| 1-year return | +32.4% | -23.4% |
| 5-year return | -65.2% | -35.2% |
| Volatility (ann.) | 48.4% | 50.1% |
| Beta vs S&P 500 | 1.43 | 1.01 |
| Max drawdown (3Y) | -60.2% | -68.1% |
| Market cap | $7.8B | $5.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | S | VRNS |
|---|---|---|
| 2022 | -71.1% | -50.9% |
| 2023 | +88.1% | +89.1% |
| 2024 | -19.1% | -1.9% |
| 2025 | -32.4% | -26.2% |
| 2026 | +51.4% | +36.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are S and VRNS good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between S and VRNS?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.52 over the last year and 0.54 over 5 years.
Is VRNS a good diversifier for S?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 mean?
A reading of 0.47 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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$ curl https://www.pairbook.io/api/v1/pairs/s-vs-vrns.json
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Related comparisons
Hubs: S correlations · VRNS correlations
