FISV vs QQQ: Correlation
Measured on weekly returns over the past three years, Fiserv (FISV) and Invesco QQQ Trust (QQQ) carry a correlation of 0.12, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FISV and QQQ?
On 3 years of weekly data the FISV/QQQ correlation comes out at 0.12, weak. Little has changed lately, as the 1-year reading of 0.05 lands near the 3-year figure. The 5-year figure is 0.25, and annualized covariance runs at 92.4 %².
By 3-year correlation, QQQ places #25 of the 39 assets tracked against FISV. Correlation aside, the last 12 months split them widely, with QQQ ahead by 88.2 points (-61.9% versus +26.3%). The rolling one-year correlation moved between 0.02 and 0.51 over the past three years, a moderate range. One caveat on sizing: FISV is 2.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 QQQ: side by side
| FISV (Fiserv) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -61.9% | +26.3% |
| 5-year return | -55.0% | +95.4% |
| Volatility (ann.) | 39.2% | 19.6% |
| Beta vs S&P 500 | 0.58 | 1.28 |
| Max drawdown (3Y) | -80.2% | -22.8% |
| Market cap | $28.0B | – |
| P/E (trailing) | 10.1 | – |
| Dividend yield | 0.00% | 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 | FISV | QQQ |
|---|---|---|
| 2022 | -2.6% | -32.6% |
| 2023 | +31.4% | +54.9% |
| 2024 | +54.6% | +25.6% |
| 2025 | -67.3% | +20.8% |
| 2026 | -21.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FISV and QQQ good diversifiers for each other?
Yes: at 0.12, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FISV and QQQ?
Using weekly returns as of 2026-08-27: 0.12 over 3 years, with 0.05 over the last year and 0.25 over 5 years.
Is QQQ a good diversifier for FISV?
Yes: at 0.12, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.12 mean?
A reading of 0.12 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/fisv-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fisv-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FISV correlations · QQQ correlations
