FISV vs ITRI: Correlation
Fiserv (FISV) and Itron, Inc. (ITRI) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FISV and ITRI?
Over the past 3 years, FISV and ITRI moved with a correlation of 0.44, which is moderate. The link has tightened recently: the 1-year correlation (0.64) runs above the 3-year figure (0.44). Over 5 years the correlation is 0.43, and the annualized covariance of weekly returns is 669.3 %².
By 3-year correlation, ITRI places #10 of the 39 assets tracked against FISV. Their recent paths diverged sharply: over the last 12 months ITRI outperformed by 42.0 percentage points (-61.9% for FISV against -19.9% for ITRI).
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.
FISV vs ITRI: side by side
| FISV (Fiserv) | ITRI (Itron, Inc.) | |
|---|---|---|
| 1-year return | -61.9% | -19.9% |
| 5-year return | -55.0% | +17.0% |
| Volatility (ann.) | 39.2% | 38.9% |
| Beta vs S&P 500 | 0.58 | 1.14 |
| Max drawdown (3Y) | -80.2% | -43.6% |
| Market cap | $28.0B | $4.3B |
| P/E (trailing) | 10.1 | 16.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | FISV | ITRI |
|---|---|---|
| 2022 | -2.6% | -26.1% |
| 2023 | +31.4% | +49.1% |
| 2024 | +54.6% | +43.8% |
| 2025 | -67.3% | -14.5% |
| 2026 | -21.7% | +6.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FISV and ITRI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FISV and ITRI?
The FISV/ITRI correlation stands at 0.44 on a 3-year window (1 year: 0.64, 5 years: 0.43), computed from weekly returns as of 2026-08-27.
Is ITRI a good diversifier for FISV?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fisv-vs-itri.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fisv-vs-itri/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FISV correlations · ITRI correlations
