Qaf · Retrieval · 22 Oct 2026

Cohere Rerank 5 vs our current reranker

280 real production searches, replayed through prod retrieval on our Azure Foundry resource and graded passage-by-passage by a 3-model judge panel.

Switch to Rerank 5 Pro. It ranks as well as v4 Pro (no measurable difference) at ~70% lower cost: about $2.6k/month instead of $8.6k at today's ~114k searches/day. It adds ~250 ms per search.

Don't use Rerank 5 Fast. It is cheaper still ($1.0k/month) but delivers measurably worse passages than v4 Pro, and it isn't faster than v4 Pro either.

Quality of the passages the model actually receives

Each search scored at the passage count prod delivered (5, 10 or 15 by chat tier). 245 searches from the current config.

RerankernDCGRelevant shareΔ vs v4 ProWins / losses
v4 Pro (today)0.84783.0%——
v5 Pro0.85182.4%+0.004 (±0.014, n.s.)100 / 92
v5 Fast0.83481.4%−0.01391 / 101
v4 Fast0.81780.0%−0.03069 / 118
No reranker0.71270.1%−0.13636 / 185

Relevant share = delivered passages graded ≥2 of 3 (clearly relevant). v5 Fast's lower average grade vs v4 Pro is significant (−0.037, p=0.009); v5 Pro vs v4 Pro is a tie on every metric. On the full 280-search sample, each of the three judges on its own also puts v5 Pro at or above v4 Pro.

Cost and latency

v4 Pro
$8,550
v5 Pro
$2,620
v5 Fast
$1,010

Monthly cost at ~114k reranks/day (Azure Monitor, Oct 14–21).

ModelBillingPer 1K searchesp50 latencyp95 latency
v4 Pro$2.50 / 1K searches$2.50~620 ms~1.1–1.7 s
v5 Pro$0.05 / 1M input tokens$0.77~850–950 ms~1.5 s
v5 Fast$0.02 / 1M input tokens$0.30~750–800 ms~1.4 s

Worth trying next

v5's scores are calibrated; v4's aren't. Passages v5 Pro scores ≥0.8 are 96% relevant, and those below 0.1 are 2% relevant. Dropping delivered passages below Cohere's 0.5 cutoff would cut ~12% of passages at k=10 while losing ~6% of the relevant ones. That trims tokens off the far larger LLM bill, and needs an answer-level test before shipping.

Method and caveats