FIS vs MCO: Correlation
How closely do Fidelity National Information Services (FIS) and Moody's Corporation (MCO) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FIS and MCO?
Across a 3-year window, the weekly returns of FIS and MCO correlate at 0.43, moderate. The past 12 months show a tighter link (0.61) than the 3-year average (0.43). Stretching to 5 years gives 0.44, with an annualized covariance of 303.6 %².
Among the 33 assets we track against FIS, MCO ranks #18 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MCO outperformed by 40.7 percentage points (-40.0% for FIS against +0.7% for MCO). The relationship is regime-dependent: the rolling one-year correlation swung between 0.13 and 0.63 over the past three years, so this pair behaves very differently depending on the market environment.
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 MCO: side by side
| FIS (Fidelity National Information Services) | MCO (Moody's Corporation) | |
|---|---|---|
| 1-year return | -40.0% | +0.7% |
| 5-year return | -63.9% | +39.4% |
| Volatility (ann.) | 27.2% | 25.8% |
| Beta vs S&P 500 | 0.57 | 1.08 |
| Max drawdown (3Y) | -56.5% | -24.7% |
| Market cap | $20.9B | $88.2B |
| P/E (trailing) | 6.2 | 32.7 |
| Dividend yield | 4.13% | 0.77% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | FIS | MCO |
|---|---|---|
| 2022 | -36.5% | -28.0% |
| 2023 | -8.2% | +41.5% |
| 2024 | +37.0% | +22.2% |
| 2025 | -15.8% | +8.7% |
| 2026 | -37.8% | +0.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FIS and MCO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FIS and MCO?
As of 2026-08-27, the correlation of weekly returns between FIS and MCO is 0.43 over 3 years, 0.61 over 1 year and 0.44 over 5 years.
Is MCO a good diversifier for FIS?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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-mco.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fis-vs-mco/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FIS correlations · MCO correlations
