EXLS vs FIS: Correlation
ExlService Holdings, Inc. (EXLS) and Fidelity National Information Services (FIS) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXLS and FIS?
Across a 3-year window, the weekly returns of EXLS and FIS correlate at 0.47, moderate. The link has tightened recently: the 1-year correlation (0.62) runs above the 3-year figure (0.47). Stretching to 5 years gives 0.41, with an annualized covariance of 405.2 %².
By 3-year correlation, FIS places #37 of the 47 assets tracked against EXLS. Their recent paths diverged sharply: over the last 12 months EXLS outperformed by 26.6 percentage points (-13.4% for EXLS against -40.0% for FIS).
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.
EXLS vs FIS: side by side
| EXLS (ExlService Holdings, Inc.) | FIS (Fidelity National Information Services) | |
|---|---|---|
| 1-year return | -13.4% | -40.0% |
| 5-year return | +55.2% | -63.9% |
| Volatility (ann.) | 31.7% | 27.2% |
| Beta vs S&P 500 | 0.77 | 0.57 |
| Max drawdown (3Y) | -51.3% | -56.5% |
| Market cap | $5.8B | $20.9B |
| P/E (trailing) | 23.7 | 6.2 |
| Dividend yield | 0.00% | 4.13% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | EXLS | FIS |
|---|---|---|
| 2022 | +17.0% | -36.5% |
| 2023 | -9.0% | -8.2% |
| 2024 | +43.9% | +37.0% |
| 2025 | -4.4% | -15.8% |
| 2026 | -10.0% | -37.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXLS and FIS 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 EXLS and FIS?
The EXLS/FIS correlation stands at 0.47 on a 3-year window (1 year: 0.62, 5 years: 0.41), computed from weekly returns as of 2026-08-27.
Is FIS a good diversifier for EXLS?
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?
A reading of 0.47 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/exls-vs-fis.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/exls-vs-fis/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EXLS correlations · FIS correlations
