OSPN vs QTWO: Correlation
OneSpan Inc. (OSPN) and Q2 Holdings, Inc. (QTWO) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OSPN and QTWO?
Across a 3-year window, the weekly returns of OSPN and QTWO correlate at 0.51, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.41 versus 0.51 over 3 years. Stretching to 5 years gives 0.44, with an annualized covariance of 938.1 %².
Among the 19 assets we track against OSPN, QTWO ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with OSPN ahead by 31.6 points (+15.6% versus -16.0%).
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.
OSPN vs QTWO: side by side
| OSPN (OneSpan Inc.) | QTWO (Q2 Holdings, Inc.) | |
|---|---|---|
| 1-year return | +15.6% | -16.0% |
| 5-year return | -8.3% | -24.7% |
| Volatility (ann.) | 43.6% | 41.9% |
| Beta vs S&P 500 | 1.28 | 1.41 |
| Max drawdown (3Y) | -47.9% | -62.0% |
| Market cap | $0.6B | $4.1B |
| P/E (trailing) | 9.3 | 45.9 |
| Dividend yield | 3.32% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OSPN | QTWO |
|---|---|---|
| 2022 | -33.9% | -66.2% |
| 2023 | -4.2% | +61.6% |
| 2024 | +72.9% | +131.9% |
| 2025 | -28.5% | -28.3% |
| 2026 | +32.2% | -9.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OSPN and QTWO good diversifiers for each other?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between OSPN and QTWO?
As of 2026-08-27, the correlation of weekly returns between OSPN and QTWO is 0.51 over 3 years, 0.41 over 1 year and 0.44 over 5 years.
Is QTWO a good diversifier for OSPN?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.51 mean?
On the −1 to +1 scale, 0.51 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/ospn-vs-qtwo.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ospn-vs-qtwo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: OSPN correlations · QTWO correlations
