HCKT vs QTWO: Correlation
The Hackett Group, Inc. (HCKT) and Q2 Holdings, Inc. (QTWO) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HCKT and QTWO?
Across a 3-year window, the weekly returns of HCKT and QTWO correlate at 0.56, moderate. Little has changed lately, as the 1-year reading of 0.58 lands near the 3-year figure. Stretching to 5 years gives 0.46, with an annualized covariance of 882.7 %².
Within HCKT's tracked universe of 20 assets, QTWO comes in at #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QTWO outperformed by 28.1 percentage points (-44.1% for HCKT 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.
HCKT vs QTWO: side by side
| HCKT (The Hackett Group, Inc.) | QTWO (Q2 Holdings, Inc.) | |
|---|---|---|
| 1-year return | -44.1% | -16.0% |
| 5-year return | -35.3% | -24.7% |
| Volatility (ann.) | 37.5% | 41.9% |
| Beta vs S&P 500 | 0.78 | 1.41 |
| Max drawdown (3Y) | -70.5% | -62.0% |
| Market cap | $0.3B | $4.1B |
| P/E (trailing) | 17.5 | 45.9 |
| Dividend yield | 4.37% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HCKT | QTWO |
|---|---|---|
| 2022 | +1.5% | -66.2% |
| 2023 | +14.1% | +61.6% |
| 2024 | +37.3% | +131.9% |
| 2025 | -34.7% | -28.3% |
| 2026 | -41.9% | -9.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HCKT and QTWO good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between HCKT and QTWO?
Using weekly returns as of 2026-08-27: 0.56 over 3 years, with 0.58 over the last year and 0.46 over 5 years.
Is QTWO a good diversifier for HCKT?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hckt-vs-qtwo.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hckt-vs-qtwo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HCKT correlations · QTWO correlations
