GDDY vs QTWO: Correlation
Measured on weekly returns over the past three years, GoDaddy (GDDY) and Q2 Holdings, Inc. (QTWO) carry a correlation of 0.59, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GDDY and QTWO?
Over the past 3 years, GDDY and QTWO moved with a correlation of 0.59, which is moderate. Recent behaviour matches the longer record: 0.52 over 1 year against 0.59 over 3. Over 5 years the correlation is 0.57, and the annualized covariance of weekly returns is 828.6 %².
QTWO is one of the assets that tracks GDDY most closely: it ranks #1 out of the 32 assets we track against GDDY. Their recent paths diverged sharply: over the last 12 months QTWO outperformed by 18.4 percentage points (-34.4% for GDDY against -16.0% for QTWO).
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.
GDDY vs QTWO: side by side
| GDDY (GoDaddy) | QTWO (Q2 Holdings, Inc.) | |
|---|---|---|
| 1-year return | -34.4% | -16.0% |
| 5-year return | +32.1% | -24.7% |
| Volatility (ann.) | 33.6% | 41.9% |
| Beta vs S&P 500 | 0.93 | 1.41 |
| Max drawdown (3Y) | -65.0% | -62.0% |
| Market cap | $12.3B | $4.1B |
| P/E (trailing) | 14.4 | 45.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | GDDY | QTWO |
|---|---|---|
| 2022 | -11.8% | -66.2% |
| 2023 | +41.9% | +61.6% |
| 2024 | +85.9% | +131.9% |
| 2025 | -37.1% | -28.3% |
| 2026 | -21.8% | -9.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GDDY and QTWO good diversifiers for each other?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between GDDY and QTWO?
The GDDY/QTWO correlation stands at 0.59 on a 3-year window (1 year: 0.52, 5 years: 0.57), computed from weekly returns as of 2026-08-27.
Is QTWO a good diversifier for GDDY?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.59 mean?
On the −1 to +1 scale, 0.59 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gddy-vs-qtwo.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gddy-vs-qtwo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GDDY correlations · QTWO correlations
