FIS vs QQQ: Correlation
How closely do Fidelity National Information Services (FIS) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.19, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FIS and QQQ?
Across a 3-year window, the weekly returns of FIS and QQQ correlate at 0.19, weak. Recent behaviour matches the longer record: 0.12 over 1 year against 0.19 over 3. Stretching to 5 years gives 0.33, with an annualized covariance of 102.9 %².
Among the 33 assets we track against FIS, QQQ ranks #23 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 66.3 points (-40.0% versus +26.3%). Across three years, the rolling one-year figure varied moderately, from 0.05 to 0.50.
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 QQQ: side by side
| FIS (Fidelity National Information Services) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -40.0% | +26.3% |
| 5-year return | -63.9% | +95.4% |
| Volatility (ann.) | 27.2% | 19.6% |
| Beta vs S&P 500 | 0.57 | 1.28 |
| Max drawdown (3Y) | -56.5% | -22.8% |
| Market cap | $20.9B | – |
| P/E (trailing) | 6.2 | – |
| Dividend yield | 4.13% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Financials | ETF · US Growth & Tech |
QQQ is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | FIS | QQQ |
|---|---|---|
| 2022 | -36.5% | -32.6% |
| 2023 | -8.2% | +54.9% |
| 2024 | +37.0% | +25.6% |
| 2025 | -15.8% | +20.8% |
| 2026 | -37.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FIS and QQQ good diversifiers for each other?
Yes. With a correlation of 0.19, FIS and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FIS and QQQ?
Using weekly returns as of 2026-08-27: 0.19 over 3 years, with 0.12 over the last year and 0.33 over 5 years.
Is QQQ a good diversifier for FIS?
Yes. With a correlation of 0.19, FIS and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.19 mean?
A reading of 0.19 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-qqq.json
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[](https://www.pairbook.io/pair/fis-vs-qqq/)
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Related comparisons
Hubs: FIS correlations · QQQ correlations
