FIS vs NDAQ: Correlation
Fidelity National Information Services (FIS) and Nasdaq, Inc. (NDAQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FIS and NDAQ?
Across a 3-year window, the weekly returns of FIS and NDAQ correlate at 0.50, moderate. The link has tightened recently: the 1-year correlation (0.62) runs above the 3-year figure (0.50). Stretching to 5 years gives 0.41, with an annualized covariance of 315.3 %².
Within FIS's tracked universe of 33 assets, NDAQ comes in at #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with NDAQ ahead by 46.1 points (-40.0% versus +6.1%). The rolling one-year correlation moved between 0.21 and 0.64 over the past three years, a moderate range.
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 NDAQ: side by side
| FIS (Fidelity National Information Services) | NDAQ (Nasdaq, Inc.) | |
|---|---|---|
| 1-year return | -40.0% | +6.1% |
| 5-year return | -63.9% | +64.4% |
| Volatility (ann.) | 27.2% | 23.2% |
| Beta vs S&P 500 | 0.57 | 0.80 |
| Max drawdown (3Y) | -56.5% | -23.4% |
| Market cap | $20.9B | $55.5B |
| P/E (trailing) | 6.2 | 29.0 |
| Dividend yield | 4.13% | 1.13% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | FIS | NDAQ |
|---|---|---|
| 2022 | -36.5% | -11.2% |
| 2023 | -8.2% | -3.7% |
| 2024 | +37.0% | +34.8% |
| 2025 | -15.8% | +27.2% |
| 2026 | -37.8% | +3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FIS and NDAQ good diversifiers for each other?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between FIS and NDAQ?
As of 2026-08-27, the correlation of weekly returns between FIS and NDAQ is 0.50 over 3 years, 0.62 over 1 year and 0.41 over 5 years.
Is NDAQ a good diversifier for FIS?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.50 mean?
On the −1 to +1 scale, 0.50 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-ndaq.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fis-vs-ndaq/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FIS correlations · NDAQ correlations
