FISV vs REED: Correlation
How closely do Fiserv (FISV) and Reed's, Inc. (REED) trade together? Their weekly returns over three years give a correlation of -0.29, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FISV and REED?
Across a 3-year window, the weekly returns of FISV and REED correlate at -0.29, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.44 versus -0.29 over 3 years. Stretching to 5 years gives -0.22, with an annualized covariance of -1189.7 %².
By 3-year correlation, REED places #33 of the 39 assets tracked against FISV. The last year tells two different stories: FISV led by 22.2 percentage points, -61.9% for FISV against -84.1% for REED. One caveat on sizing: REED is 2.7 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 REED: side by side
| FISV (Fiserv) | REED (Reed's, Inc.) | |
|---|---|---|
| 1-year return | -61.9% | -84.1% |
| 5-year return | -55.0% | -99.5% |
| Volatility (ann.) | 39.2% | 104.6% |
| Beta vs S&P 500 | 0.58 | -0.39 |
| Max drawdown (3Y) | -80.2% | -96.4% |
| Market cap | $28.0B | – |
| P/E (trailing) | 10.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | FISV | REED |
|---|---|---|
| 2022 | -2.6% | -80.6% |
| 2023 | +31.4% | -54.3% |
| 2024 | +54.6% | -60.6% |
| 2025 | -67.3% | -44.4% |
| 2026 | -21.7% | -53.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FISV and REED good diversifiers for each other?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FISV and REED?
As of 2026-08-27, the correlation of weekly returns between FISV and REED is -0.29 over 3 years, -0.44 over 1 year and -0.22 over 5 years.
Is REED a good diversifier for FISV?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.29 mean?
A reading of -0.29 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-reed.json
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The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FISV correlations · REED correlations
