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FISV vs OSPN: Correlation

Measured on weekly returns over the past three years, Fiserv (FISV) and OneSpan Inc. (OSPN) carry a correlation of 0.44, a moderate link.

Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology

Correlation (3Y)
0.44
moderate
Correlation (1Y)
0.74
last 12 months
Correlation (5Y)
0.35
long-run
Ann. covariance
749.3
%² · weekly, annualized

How correlated are FISV and OSPN?

On 3 years of weekly data the FISV/OSPN correlation comes out at 0.44, moderate. The past 12 months show a tighter link (0.74) than the 3-year average (0.44). The 5-year figure is 0.35, and annualized covariance runs at 749.3 %².

Within FISV's tracked universe of 39 assets, OSPN comes in at #11 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months OSPN outperformed by 77.5 percentage points (-61.9% for FISV against +15.6% for OSPN).

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 OSPN: side by side

FISV (Fiserv)OSPN (OneSpan Inc.)
1-year return-61.9%+15.6%
5-year return-55.0%-8.3%
Volatility (ann.)39.2%43.6%
Beta vs S&P 5000.581.28
Max drawdown (3Y)-80.2%-47.9%
Market cap$28.0B$0.6B
P/E (trailing)10.19.3
Dividend yield0.00%3.32%
Sector / categoryFinancialsUS Listed
Lower P/E: OSPN 9.3 vs 10.1Higher yield: OSPN 3.32% vs 0.00%Smaller drawdown: OSPN -47.9% vs -80.2%Higher 5y return: OSPN -8.3% vs -55.0%
-65%0%+14%2025-09-052026-08-27
Price paths over the last 12 months, both indexed to 100 at the start (weekly closes). FISV · OSPN

Year-by-year returns

YearFISVOSPN
2022-2.6%-33.9%
2023+31.4%-4.2%
2024+54.6%+72.9%
2025-67.3%-28.5%
2026-21.7%+32.2%

Calendar-year price returns; the current year is year-to-date as of the data date above.

Are FISV and OSPN good diversifiers for each other?

A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.

FAQ

What is the correlation between FISV and OSPN?

The FISV/OSPN correlation stands at 0.44 on a 3-year window (1 year: 0.74, 5 years: 0.35), computed from weekly returns as of 2026-08-27.

Is OSPN a good diversifier for FISV?

A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.

What does a correlation of 0.44 mean?

On the −1 to +1 scale, 0.44 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

JSON API · no key required
$ curl https://www.pairbook.io/api/v1/pairs/fisv-vs-ospn.json

FISV vs OSPN: 3-year weekly correlation 0.44FISV vs OSPN0.44

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Related comparisons

Hubs: FISV correlations · OSPN correlations