FIS vs FISV: Correlation
Measured on weekly returns over the past three years, Fidelity National Information Services (FIS) and Fiserv (FISV) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FIS and FISV?
Across a 3-year window, the weekly returns of FIS and FISV correlate at 0.41, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.57 versus 0.41 over 3 years. Stretching to 5 years gives 0.47, with an annualized covariance of 439.2 %².
By 3-year correlation, FISV places #19 of the 33 assets tracked against FIS. Correlation aside, the last 12 months split them widely, with FIS ahead by 21.9 points (-40.0% versus -61.9%). This link changes with the market regime, having swung between 0.07 and 0.64 on a rolling one-year basis.
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.
FIS vs FISV: side by side
| FIS (Fidelity National Information Services) | FISV (Fiserv) | |
|---|---|---|
| 1-year return | -40.0% | -61.9% |
| 5-year return | -63.9% | -55.0% |
| Volatility (ann.) | 27.2% | 39.2% |
| Beta vs S&P 500 | 0.57 | 0.58 |
| Max drawdown (3Y) | -56.5% | -80.2% |
| Market cap | $20.9B | $28.0B |
| P/E (trailing) | 6.2 | 10.1 |
| Dividend yield | 4.13% | 0.00% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | FIS | FISV |
|---|---|---|
| 2022 | -36.5% | -2.6% |
| 2023 | -8.2% | +31.4% |
| 2024 | +37.0% | +54.6% |
| 2025 | -15.8% | -67.3% |
| 2026 | -37.8% | -21.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FIS and FISV good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FIS and FISV?
The FIS/FISV correlation stands at 0.41 on a 3-year window (1 year: 0.57, 5 years: 0.47), computed from weekly returns as of 2026-08-27.
Is FISV a good diversifier for FIS?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 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/fis-vs-fisv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fis-vs-fisv/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FIS correlations · FISV correlations
