ADP vs FISV: Correlation
How closely do Automatic Data Processing (ADP) and Fiserv (FISV) 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 ADP and FISV?
On 3 years of weekly data the ADP/FISV correlation comes out at 0.47, moderate. Little has changed lately, as the 1-year reading of 0.56 lands near the 3-year figure. The 5-year figure is 0.46, and annualized covariance runs at 397.3 %².
Within ADP's tracked universe of 43 assets, FISV comes in at #23 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ADP outperformed by 58.4 percentage points (-3.5% for ADP against -61.9% for FISV). Across three years, the rolling one-year figure varied moderately, from 0.21 to 0.64. Note the risk asymmetry: FISV runs 1.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ADP vs FISV: side by side
| ADP (Automatic Data Processing) | FISV (Fiserv) | |
|---|---|---|
| 1-year return | -3.5% | -61.9% |
| 5-year return | +52.0% | -55.0% |
| Volatility (ann.) | 21.7% | 39.2% |
| Beta vs S&P 500 | 0.53 | 0.58 |
| Max drawdown (3Y) | -40.8% | -80.2% |
| Market cap | $113.1B | $28.0B |
| P/E (trailing) | 26.0 | 10.1 |
| Dividend yield | 2.36% | 0.00% |
| Sector / category | Industrials | Financials |
Year-by-year returns
| Year | ADP | FISV |
|---|---|---|
| 2022 | -1.3% | -2.6% |
| 2023 | -0.2% | +31.4% |
| 2024 | +28.4% | +54.6% |
| 2025 | -10.2% | -67.3% |
| 2026 | +12.4% | -21.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADP and FISV good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ADP and FISV?
As of 2026-08-27, the correlation of weekly returns between ADP and FISV is 0.47 over 3 years, 0.56 over 1 year and 0.46 over 5 years.
Is FISV a good diversifier for ADP?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 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/adp-vs-fisv.json
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[](https://www.pairbook.io/pair/adp-vs-fisv/)
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Related comparisons
Hubs: ADP correlations · FISV correlations
