HSY vs. FFIV

Last updated Jun 13, 2026

HSY (The Hershey Company) and FFIV (F5 Networks, Inc.) are both stocks. HSY operates in Confectioners (Consumer Defensive), while FFIV operates in Software - Infrastructure (Technology). Over the past 10 years, HSY returned 9.11%/yr vs 12.87%/yr for FFIV. At a 0.14 correlation, their price movements are largely independent.

Performance

HSY vs. FFIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The Hershey Company (HSY) and F5 Networks, Inc. (FFIV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HSY achieves a 1.25% return, which is significantly lower than FFIV's 55.20% return. Over the past 10 years, HSY has underperformed FFIV with an annualized return of 9.11%, while FFIV has yielded a comparatively higher 12.87% annualized return.

HSY

• 1D: 0.45%
• 1M: -6.45%
• YTD: 1.25%
• 6M: 1.34%
• 1Y: 8.70%
• 3Y*: -8.39%
• 5Y*: 3.29%
• 10Y*: 9.11%

FFIV

• 1D: 0.59%
• 1M: 10.84%
• YTD: 55.20%
• 6M: 50.82%
• 1Y: 35.83%
• 3Y*: 38.11%
• 5Y*: 15.50%
• 10Y*: 12.87%

*Multi-year figures are annualized to reflect compound growth (CAGR)

HSY vs. FFIV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HSY The Hershey Company	1.25%	10.98%	-6.51%	-17.88%	21.86%	29.58%	5.90%	40.20%	-2.92%	12.33%
FFIV F5 Networks, Inc.	55.20%	1.51%	40.50%	24.72%	-41.36%	39.09%	25.99%	-13.81%	23.48%	-9.33%

Correlation

The correlation between HSY and FFIV is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.00
Correlation (3Y) Calculated over the trailing 3-year period	0.02
Correlation (5Y) Calculated over the trailing 5-year period	0.09
Correlation (10Y) Calculated over the trailing 10-year period	0.12
Correlation (All Time) Calculated using the full available price history since Jun 4, 1999	0.14

The correlation between HSY and FFIV shifts across timeframes, from -0.00 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap HSY : $37.11B FFIV : $22.70B
EPS HSY : $5.38 FFIV : $12.19
PE Ratio HSY : 33.80 FFIV : 32.50
PS Ratio HSY : 3.08 FFIV : 9.54
PB Ratio HSY : 7.84 FFIV : 6.22
Total Revenue (TTM) HSY : $11.99B FFIV : $2.41B
Gross Profit (TTM) HSY : $4.17B FFIV : $2.63B
EBITDA (TTM) HSY : $2.04B FFIV : $889.95M

Return for Risk

HSY vs. FFIV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HSY

HSY Risk / Return Rank: 50
HSY Sharpe Ratio Rank: 54
HSY Sortino Ratio Rank: 48
HSY Omega Ratio Rank: 46
HSY Calmar Ratio Rank: 51
HSY Martin Ratio Rank: 52

FFIV

FFIV Risk / Return Rank: 69
FFIV Sharpe Ratio Rank: 75
FFIV Sortino Ratio Rank: 69
FFIV Omega Ratio Rank: 70
FFIV Calmar Ratio Rank: 65
FFIV Martin Ratio Rank: 64

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HSY vs. FFIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Hershey Company (HSY) and F5 Networks, Inc. (FFIV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	HSY	FFIV	Difference
Sharpe ratio: Return per unit of total volatility	0.32	1.08	-0.76
Sortino ratio: Return per unit of downside risk	0.66	1.58	-0.92
Omega ratio: Gain probability vs. loss probability	1.08	1.21	-0.13
Calmar ratio: Return relative to maximum drawdown	0.35	1.04	-0.69
Martin ratio: Return relative to average drawdown	0.87	2.28	-1.41

HSY vs. FFIV - Sharpe Ratio Comparison

The current HSY Sharpe Ratio is 0.32, which is lower than the FFIV Sharpe Ratio of 1.08. The chart below compares the historical Sharpe Ratios of HSY and FFIV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HSY vs. FFIV - Drawdown Comparison

The maximum HSY drawdown since its inception was -49.15%, smaller than the maximum FFIV drawdown of -97.59%. Use the drawdown chart below to compare losses from any high point for HSY and FFIV.

Drawdown Indicators

	HSY	FFIV	Difference
Max Drawdown Largest peak-to-trough decline	-49.15%	-97.59%	+48.44%
Max Drawdown (1Y) Largest decline over 1 year	-25.01%	-34.73%	+9.72%
Max Drawdown (3Y) Largest decline over 3 years	-42.23%	-34.73%	-7.50%
Max Drawdown (5Y) Largest decline over 5 years	-45.25%	-47.42%	+2.17%
Max Drawdown (10Y) Largest decline over 10 years	-45.25%	-54.59%	+9.34%
Current Drawdown Current decline from peak	-28.02%	-3.17%	-24.85%
Average Drawdown Average peak-to-trough decline	-13.10%	-40.16%	+27.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.00%	15.77%	-5.77%

Volatility

HSY vs. FFIV - Volatility Comparison

The Hershey Company (HSY) has a higher volatility of 9.48% compared to F5 Networks, Inc. (FFIV) at 8.89%. This indicates that HSY's price experiences larger fluctuations and is considered to be riskier than FFIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HSY	FFIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.48%	8.89%	+0.59%
Volatility (6M) Calculated over the trailing 6-month period	20.08%	24.72%	-4.64%
Volatility (1Y) Calculated over the trailing 1-year period	27.49%	33.48%	-5.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.77%	29.97%	-7.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.44%	29.56%	-6.12%

Dividends

HSY vs. FFIV - Dividend Comparison

HSY's dividend yield for the trailing twelve months is around 3.11%, while FFIV has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFIV F5 Networks, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HSY The Hershey Company	3.11%	3.01%	3.24%	2.39%	1.67%	1.76%	2.07%	2.03%	2.57%	2.24%	2.32%	2.50%

Financials

Frequently Asked Questions

Can I hold both HSY and FFIV in my portfolio?

HSY and FFIV have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HSY or FFIV?

HSY has higher volatility (9.48%) compared to FFIV (8.89%). In terms of maximum drawdown, HSY dropped -49.15% vs FFIV's -97.59%.

Which has better risk-adjusted returns?

FFIV currently has the higher Sharpe Ratio (1.08 vs 0.32), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.