FISV vs TGS: Correlation
Fiserv (FISV) and Transportadora de Gas del Sur SA TGS (TGS) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FISV and TGS?
Across a 3-year window, the weekly returns of FISV and TGS correlate at -0.26, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.59) runs below the 3-year figure (-0.26). Stretching to 5 years gives -0.09, with an annualized covariance of -566.6 %².
By 3-year correlation, TGS places #31 of the 39 assets tracked against FISV. Their recent paths diverged sharply: over the last 12 months TGS outperformed by 68.5 percentage points (-61.9% for FISV against +6.6% for TGS).
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 TGS: side by side
| FISV (Fiserv) | TGS (Transportadora de Gas del Sur SA TGS) | |
|---|---|---|
| 1-year return | -61.9% | +6.6% |
| 5-year return | -55.0% | +412.6% |
| Volatility (ann.) | 39.2% | 55.6% |
| Beta vs S&P 500 | 0.58 | 0.33 |
| Max drawdown (3Y) | -80.2% | -39.5% |
| Market cap | $28.0B | $4.3B |
| P/E (trailing) | 10.1 | 12.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | FISV | TGS |
|---|---|---|
| 2022 | -2.6% | +165.8% |
| 2023 | +31.4% | +27.9% |
| 2024 | +54.6% | +94.0% |
| 2025 | -67.3% | +6.2% |
| 2026 | -21.7% | -8.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FISV and TGS good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between FISV and TGS?
The FISV/TGS correlation stands at -0.26 on a 3-year window (1 year: -0.59, 5 years: -0.09), computed from weekly returns as of 2026-08-27.
Is TGS a good diversifier for FISV?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 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.
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Related comparisons
Hubs: FISV correlations · TGS correlations
