FIS vs MA: Correlation
Fidelity National Information Services (FIS) and Mastercard (MA) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FIS and MA?
Across a 3-year window, the weekly returns of FIS and MA correlate at 0.45, moderate. The link has tightened recently: the 1-year correlation (0.58) runs above the 3-year figure (0.45). Stretching to 5 years gives 0.53, with an annualized covariance of 235.1 %².
Within FIS's tracked universe of 33 assets, MA comes in at #17 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MA outperformed by 40.8 percentage points (-40.0% for FIS against +0.8% for MA). On a rolling one-year basis the correlation drifted between 0.14 and 0.60, a moderate band.
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 MA: side by side
| FIS (Fidelity National Information Services) | MA (Mastercard) | |
|---|---|---|
| 1-year return | -40.0% | +0.8% |
| 5-year return | -63.9% | +72.6% |
| Volatility (ann.) | 27.2% | 19.3% |
| Beta vs S&P 500 | 0.57 | 0.77 |
| Max drawdown (3Y) | -56.5% | -20.9% |
| Market cap | $20.9B | $518.4B |
| P/E (trailing) | 6.2 | 32.9 |
| Dividend yield | 4.13% | 0.56% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | FIS | MA |
|---|---|---|
| 2022 | -36.5% | -2.7% |
| 2023 | -8.2% | +23.4% |
| 2024 | +37.0% | +24.2% |
| 2025 | -15.8% | +9.0% |
| 2026 | -37.8% | +4.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FIS and MA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FIS and MA?
The FIS/MA correlation stands at 0.45 on a 3-year window (1 year: 0.58, 5 years: 0.53), computed from weekly returns as of 2026-08-27.
Is MA a good diversifier for FIS?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 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/fis-vs-ma.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fis-vs-ma/)
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Related comparisons
Hubs: FIS correlations · MA correlations
