PAR vs QTWO: Correlation
PAR Technology Corporation (PAR) and Q2 Holdings, Inc. (QTWO) show a strong relationship: their 3-year correlation of weekly returns is 0.65.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PAR and QTWO?
Over the past 3 years, PAR and QTWO moved with a correlation of 0.65, which is strong. Little has changed lately, as the 1-year reading of 0.63 lands near the 3-year figure. Over 5 years the correlation is 0.62, and the annualized covariance of weekly returns is 1532.2 %².
Few assets follow PAR as closely as QTWO, which ranks #1 of 21 tracked partners. Their recent paths diverged sharply: over the last 12 months QTWO outperformed by 47.2 percentage points (-63.2% for PAR 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.
PAR vs QTWO: side by side
| PAR (PAR Technology Corporation) | QTWO (Q2 Holdings, Inc.) | |
|---|---|---|
| 1-year return | -63.2% | -16.0% |
| 5-year return | -71.7% | -24.7% |
| Volatility (ann.) | 56.2% | 41.9% |
| Beta vs S&P 500 | 1.72 | 1.41 |
| Max drawdown (3Y) | -85.4% | -62.0% |
| Market cap | $0.8B | $4.1B |
| P/E (trailing) | – | 45.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PAR | QTWO |
|---|---|---|
| 2022 | -50.6% | -66.2% |
| 2023 | +67.0% | +61.6% |
| 2024 | +66.9% | +131.9% |
| 2025 | -50.1% | -28.3% |
| 2026 | -47.0% | -9.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PAR and QTWO good diversifiers for each other?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between PAR and QTWO?
Using weekly returns as of 2026-08-27: 0.65 over 3 years, with 0.63 over the last year and 0.62 over 5 years.
Is QTWO a good diversifier for PAR?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.65 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/par-vs-qtwo.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: PAR correlations · QTWO correlations
