LYFT vs QTWO: Correlation
Measured on weekly returns over the past three years, Lyft, Inc. (LYFT) and Q2 Holdings, Inc. (QTWO) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LYFT and QTWO?
On 3 years of weekly data the LYFT/QTWO correlation comes out at 0.50, moderate. The relationship has been stable: the 1-year correlation (0.43) sits close to the 3-year figure. The 5-year figure is 0.45, and annualized covariance runs at 1285.1 %².
Among the 13 assets we track against LYFT, QTWO ranks #5 by 3-year correlation. The last year tells two different stories: LYFT led by 22.8 percentage points, +6.8% for LYFT 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.
LYFT vs QTWO: side by side
| LYFT (Lyft, Inc.) | QTWO (Q2 Holdings, Inc.) | |
|---|---|---|
| 1-year return | +6.8% | -16.0% |
| 5-year return | -63.2% | -24.7% |
| Volatility (ann.) | 61.8% | 41.9% |
| Beta vs S&P 500 | 1.77 | 1.41 |
| Max drawdown (3Y) | -55.2% | -62.0% |
| Market cap | $6.6B | $4.1B |
| P/E (trailing) | 2.5 | 45.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LYFT | QTWO |
|---|---|---|
| 2022 | -74.2% | -66.2% |
| 2023 | +36.0% | +61.6% |
| 2024 | -13.9% | +131.9% |
| 2025 | +50.2% | -28.3% |
| 2026 | -10.4% | -9.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LYFT and QTWO good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between LYFT and QTWO?
The LYFT/QTWO correlation stands at 0.50 on a 3-year window (1 year: 0.43, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is QTWO a good diversifier for LYFT?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 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/lyft-vs-qtwo.json
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Related comparisons
Hubs: LYFT correlations · QTWO correlations
