FIS vs QTWO: Correlation
How closely do Fidelity National Information Services (FIS) and Q2 Holdings, Inc. (QTWO) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FIS and QTWO?
On 3 years of weekly data the FIS/QTWO correlation comes out at 0.46, moderate. The link has tightened recently: the 1-year correlation (0.57) runs above the 3-year figure (0.46). The 5-year figure is 0.52, and annualized covariance runs at 526.4 %².
By 3-year correlation, QTWO places #16 of the 33 assets tracked against FIS. The last year tells two different stories: QTWO led by 24.0 percentage points, -40.0% for FIS against -16.0% for QTWO. Risk is not evenly split, since QTWO carries 1.5 times the volatility of the other side.
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 QTWO: side by side
| FIS (Fidelity National Information Services) | QTWO (Q2 Holdings, Inc.) | |
|---|---|---|
| 1-year return | -40.0% | -16.0% |
| 5-year return | -63.9% | -24.7% |
| Volatility (ann.) | 27.2% | 41.9% |
| Beta vs S&P 500 | 0.57 | 1.41 |
| Max drawdown (3Y) | -56.5% | -62.0% |
| Market cap | $20.9B | $4.1B |
| P/E (trailing) | 6.2 | 45.9 |
| Dividend yield | 4.13% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | FIS | QTWO |
|---|---|---|
| 2022 | -36.5% | -66.2% |
| 2023 | -8.2% | +61.6% |
| 2024 | +37.0% | +131.9% |
| 2025 | -15.8% | -28.3% |
| 2026 | -37.8% | -9.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FIS and QTWO good diversifiers for each other?
Reasonably. At 0.46, FIS and QTWO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FIS and QTWO?
The FIS/QTWO correlation stands at 0.46 on a 3-year window (1 year: 0.57, 5 years: 0.52), computed from weekly returns as of 2026-08-27.
Is QTWO a good diversifier for FIS?
Reasonably. At 0.46, FIS and QTWO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 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-qtwo.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fis-vs-qtwo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FIS correlations · QTWO correlations
