FISV vs TYL: Correlation
Measured on weekly returns over the past three years, Fiserv (FISV) and Tyler Technologies (TYL) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FISV and TYL?
Across a 3-year window, the weekly returns of FISV and TYL correlate at 0.44, moderate. The relationship has been stable: the 1-year correlation (0.44) sits close to the 3-year figure. Stretching to 5 years gives 0.46, with an annualized covariance of 509.7 %².
Within FISV's tracked universe of 39 assets, TYL comes in at #14 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TYL ahead by 27.9 points (-61.9% versus -34.0%). The rolling one-year correlation stayed in a tight band between 0.32 and 0.56 over the past three years, which points to a structural rather than episodic relationship.
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 TYL: side by side
| FISV (Fiserv) | TYL (Tyler Technologies) | |
|---|---|---|
| 1-year return | -61.9% | -34.0% |
| 5-year return | -55.0% | -22.5% |
| Volatility (ann.) | 39.2% | 29.6% |
| Beta vs S&P 500 | 0.58 | 0.61 |
| Max drawdown (3Y) | -80.2% | -57.4% |
| Market cap | $28.0B | $15.1B |
| P/E (trailing) | 10.1 | 46.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Financials | Information Technology |
Year-by-year returns
| Year | FISV | TYL |
|---|---|---|
| 2022 | -2.6% | -40.1% |
| 2023 | +31.4% | +29.7% |
| 2024 | +54.6% | +37.9% |
| 2025 | -67.3% | -21.3% |
| 2026 | -21.7% | -18.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FISV and TYL 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 TYL?
The FISV/TYL correlation stands at 0.44 on a 3-year window (1 year: 0.44, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is TYL 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?
A reading of 0.44 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-tyl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fisv-vs-tyl/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FISV correlations · TYL correlations
