PODD vs QTWO: Correlation
How closely do Insulet Corporation (PODD) and Q2 Holdings, Inc. (QTWO) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PODD and QTWO?
Across a 3-year window, the weekly returns of PODD and QTWO correlate at 0.43, moderate. The past 12 months show a weaker link (0.30) than the 3-year average (0.43). Stretching to 5 years gives 0.34, with an annualized covariance of 695.9 %².
Within PODD's tracked universe of 31 assets, QTWO comes in at #6 by 3-year correlation. The last year tells two different stories: QTWO led by 41.1 percentage points, -57.1% for PODD 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.
PODD vs QTWO: side by side
| PODD (Insulet Corporation) | QTWO (Q2 Holdings, Inc.) | |
|---|---|---|
| 1-year return | -57.1% | -16.0% |
| 5-year return | -51.6% | -24.7% |
| Volatility (ann.) | 38.9% | 41.9% |
| Beta vs S&P 500 | 0.67 | 1.41 |
| Max drawdown (3Y) | -62.2% | -62.0% |
| Market cap | $9.9B | $4.1B |
| P/E (trailing) | 26.9 | 45.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | PODD | QTWO |
|---|---|---|
| 2022 | +10.6% | -66.2% |
| 2023 | -26.3% | +61.6% |
| 2024 | +20.3% | +131.9% |
| 2025 | +8.9% | -28.3% |
| 2026 | -49.5% | -9.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PODD and QTWO good diversifiers for each other?
Reasonably. At 0.43, PODD and QTWO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between PODD and QTWO?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.30 over the last year and 0.34 over 5 years.
Is QTWO a good diversifier for PODD?
Reasonably. At 0.43, PODD and QTWO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
A reading of 0.43 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/podd-vs-qtwo.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/podd-vs-qtwo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PODD correlations · QTWO correlations
