ALKT vs QTWO: Correlation
How closely do Alkami Technology, Inc. (ALKT) and Q2 Holdings, Inc. (QTWO) trade together? Their weekly returns over three years give a correlation of 0.62, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALKT and QTWO?
On 3 years of weekly data the ALKT/QTWO correlation comes out at 0.62, strong. Recent behaviour matches the longer record: 0.54 over 1 year against 0.62 over 3. The 5-year figure is 0.64, and annualized covariance runs at 1172.7 %².
QTWO is one of the assets that tracks ALKT most closely: it ranks #1 out of the 11 assets we track against ALKT. Their 12-month results are close: -19.5% for ALKT against -16.0% for QTWO.
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.
ALKT vs QTWO: side by side
| ALKT (Alkami Technology, Inc.) | QTWO (Q2 Holdings, Inc.) | |
|---|---|---|
| 1-year return | -19.5% | -16.0% |
| 5-year return | -28.5% | -24.7% |
| Volatility (ann.) | 45.4% | 41.9% |
| Beta vs S&P 500 | 1.31 | 1.41 |
| Max drawdown (3Y) | -65.4% | -62.0% |
| Market cap | $2.2B | $4.1B |
| P/E (trailing) | – | 45.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALKT | QTWO |
|---|---|---|
| 2022 | -27.3% | -66.2% |
| 2023 | +66.2% | +61.6% |
| 2024 | +51.3% | +131.9% |
| 2025 | -37.1% | -28.3% |
| 2026 | -11.8% | -9.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALKT and QTWO good diversifiers for each other?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ALKT and QTWO?
The ALKT/QTWO correlation stands at 0.62 on a 3-year window (1 year: 0.54, 5 years: 0.64), computed from weekly returns as of 2026-08-27.
Is QTWO a good diversifier for ALKT?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.62 mean?
On the −1 to +1 scale, 0.62 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/alkt-vs-qtwo.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/alkt-vs-qtwo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ALKT correlations · QTWO correlations
