FIS vs PAR: Correlation
Measured on weekly returns over the past three years, Fidelity National Information Services (FIS) and PAR Technology Corporation (PAR) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FIS and PAR?
Across a 3-year window, the weekly returns of FIS and PAR correlate at 0.46, moderate. Little has changed lately, as the 1-year reading of 0.49 lands near the 3-year figure. Stretching to 5 years gives 0.41, with an annualized covariance of 709.0 %².
Within FIS's tracked universe of 33 assets, PAR comes in at #15 by 3-year correlation. Correlation aside, the last 12 months split them widely, with FIS ahead by 23.2 points (-40.0% versus -63.2%). Note the risk asymmetry: PAR runs 2.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 PAR: side by side
| FIS (Fidelity National Information Services) | PAR (PAR Technology Corporation) | |
|---|---|---|
| 1-year return | -40.0% | -63.2% |
| 5-year return | -63.9% | -71.7% |
| Volatility (ann.) | 27.2% | 56.2% |
| Beta vs S&P 500 | 0.57 | 1.72 |
| Max drawdown (3Y) | -56.5% | -85.4% |
| Market cap | $20.9B | $0.8B |
| P/E (trailing) | 6.2 | – |
| Dividend yield | 4.13% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | FIS | PAR |
|---|---|---|
| 2022 | -36.5% | -50.6% |
| 2023 | -8.2% | +67.0% |
| 2024 | +37.0% | +66.9% |
| 2025 | -15.8% | -50.1% |
| 2026 | -37.8% | -47.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FIS and PAR good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FIS and PAR?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.49 over the last year and 0.41 over 5 years.
Is PAR a good diversifier for FIS?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 mean?
A reading of 0.46 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-par.json
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Related comparisons
Hubs: FIS correlations · PAR correlations
