FISV vs SPSC: Correlation
Measured on weekly returns over the past three years, Fiserv (FISV) and SPS Commerce, Inc. (SPSC) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FISV and SPSC?
On 3 years of weekly data the FISV/SPSC correlation comes out at 0.47, moderate. The link has tightened recently: the 1-year correlation (0.65) runs above the 3-year figure (0.47). The 5-year figure is 0.47, and annualized covariance runs at 821.3 %².
By 3-year correlation, SPSC places #6 of the 39 assets tracked against FISV. Correlation aside, the last 12 months split them widely, with SPSC ahead by 36.5 points (-61.9% versus -25.4%).
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 SPSC: side by side
| FISV (Fiserv) | SPSC (SPS Commerce, Inc.) | |
|---|---|---|
| 1-year return | -61.9% | -25.4% |
| 5-year return | -55.0% | -38.6% |
| Volatility (ann.) | 39.2% | 44.2% |
| Beta vs S&P 500 | 0.58 | 1.10 |
| Max drawdown (3Y) | -80.2% | -76.8% |
| Market cap | $28.0B | $3.0B |
| P/E (trailing) | 10.1 | 40.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | FISV | SPSC |
|---|---|---|
| 2022 | -2.6% | -9.8% |
| 2023 | +31.4% | +50.9% |
| 2024 | +54.6% | -5.1% |
| 2025 | -67.3% | -51.6% |
| 2026 | -21.7% | -5.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FISV and SPSC good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FISV and SPSC?
The FISV/SPSC correlation stands at 0.47 on a 3-year window (1 year: 0.65, 5 years: 0.47), computed from weekly returns as of 2026-08-27.
Is SPSC a good diversifier for FISV?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 mean?
A reading of 0.47 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: FISV correlations · SPSC correlations
