FIS vs ITRI: Correlation
Measured on weekly returns over the past three years, Fidelity National Information Services (FIS) and Itron, Inc. (ITRI) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FIS and ITRI?
Over the past 3 years, FIS and ITRI moved with a correlation of 0.48, which is moderate. Little has changed lately, as the 1-year reading of 0.52 lands near the 3-year figure. Over 5 years the correlation is 0.46, and the annualized covariance of weekly returns is 510.9 %².
By 3-year correlation, ITRI places #10 of the 33 assets tracked against FIS. Their recent paths diverged sharply: over the last 12 months ITRI outperformed by 20.1 percentage points (-40.0% for FIS against -19.9% for ITRI).
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 ITRI: side by side
| FIS (Fidelity National Information Services) | ITRI (Itron, Inc.) | |
|---|---|---|
| 1-year return | -40.0% | -19.9% |
| 5-year return | -63.9% | +17.0% |
| Volatility (ann.) | 27.2% | 38.9% |
| Beta vs S&P 500 | 0.57 | 1.14 |
| Max drawdown (3Y) | -56.5% | -43.6% |
| Market cap | $20.9B | $4.3B |
| P/E (trailing) | 6.2 | 16.5 |
| Dividend yield | 4.13% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | FIS | ITRI |
|---|---|---|
| 2022 | -36.5% | -26.1% |
| 2023 | -8.2% | +49.1% |
| 2024 | +37.0% | +43.8% |
| 2025 | -15.8% | -14.5% |
| 2026 | -37.8% | +6.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FIS and ITRI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FIS and ITRI?
The FIS/ITRI correlation stands at 0.48 on a 3-year window (1 year: 0.52, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is ITRI a good diversifier for FIS?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 mean?
A reading of 0.48 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/fis-vs-itri.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fis-vs-itri/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FIS correlations · ITRI correlations
