VIAV vs VRNS: Correlation
How closely do Viavi Solutions Inc. (VIAV) and Varonis Systems, Inc. (VRNS) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VIAV and VRNS?
On 3 years of weekly data the VIAV/VRNS correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.43 versus -0.24 over 3 years. The 5-year figure is 0.04, and annualized covariance runs at -565.7 %².
Among the 11 assets we track against VIAV, VRNS sits near the bottom by co-movement, at rank #9. Correlation aside, the last 12 months split them widely, with VIAV ahead by 268.6 points (+245.2% 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.
VIAV vs VRNS: side by side
| VIAV (Viavi Solutions Inc.) | VRNS (Varonis Systems, Inc.) | |
|---|---|---|
| 1-year return | +245.2% | -23.4% |
| 5-year return | +132.5% | -35.2% |
| Volatility (ann.) | 47.3% | 50.1% |
| Beta vs S&P 500 | 1.14 | 1.01 |
| Max drawdown (3Y) | -41.7% | -68.1% |
| Market cap | $9.5B | $5.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VIAV | VRNS |
|---|---|---|
| 2022 | -40.4% | -50.9% |
| 2023 | -4.2% | +89.1% |
| 2024 | +0.3% | -1.9% |
| 2025 | +76.4% | -26.2% |
| 2026 | +115.8% | +36.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VIAV and VRNS good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between VIAV and VRNS?
As of 2026-08-27, the correlation of weekly returns between VIAV and VRNS is -0.24 over 3 years, -0.43 over 1 year and 0.04 over 5 years.
Is VRNS a good diversifier for VIAV?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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.
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Related comparisons
Hubs: VIAV correlations · VRNS correlations
