EXPE vs QTWO: Correlation
Expedia Group (EXPE) and Q2 Holdings, Inc. (QTWO) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXPE and QTWO?
Across a 3-year window, the weekly returns of EXPE and QTWO correlate at 0.52, moderate. The past 12 months show a tighter link (0.72) than the 3-year average (0.52). Stretching to 5 years gives 0.55, with an annualized covariance of 923.2 %².
Within EXPE's tracked universe of 33 assets, QTWO comes in at #6 by 3-year correlation. The last year tells two different stories: EXPE led by 67.5 percentage points, +51.5% for EXPE 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.
EXPE vs QTWO: side by side
| EXPE (Expedia Group) | QTWO (Q2 Holdings, Inc.) | |
|---|---|---|
| 1-year return | +51.5% | -16.0% |
| 5-year return | +123.9% | -24.7% |
| Volatility (ann.) | 42.7% | 41.9% |
| Beta vs S&P 500 | 1.33 | 1.41 |
| Max drawdown (3Y) | -37.4% | -62.0% |
| Market cap | $38.3B | $4.1B |
| P/E (trailing) | 21.0 | 45.9 |
| Dividend yield | 0.53% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | EXPE | QTWO |
|---|---|---|
| 2022 | -51.5% | -66.2% |
| 2023 | +73.3% | +61.6% |
| 2024 | +22.8% | +131.9% |
| 2025 | +53.3% | -28.3% |
| 2026 | +13.1% | -9.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXPE and QTWO good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between EXPE and QTWO?
As of 2026-08-27, the correlation of weekly returns between EXPE and QTWO is 0.52 over 3 years, 0.72 over 1 year and 0.55 over 5 years.
Is QTWO a good diversifier for EXPE?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/expe-vs-qtwo.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/expe-vs-qtwo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EXPE correlations · QTWO correlations
