QTWO vs RAMP: Correlation
Q2 Holdings, Inc. (QTWO) and LiveRamp Holdings, Inc. (RAMP) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QTWO and RAMP?
Over the past 3 years, QTWO and RAMP moved with a correlation of 0.48, which is moderate. Little has changed lately, as the 1-year reading of 0.43 lands near the 3-year figure. Over 5 years the correlation is 0.52, and the annualized covariance of weekly returns is 818.5 %².
Among the 39 assets we track against QTWO, RAMP ranks #29 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months RAMP outperformed by 54.1 percentage points (-16.0% for QTWO against +38.1% for RAMP).
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.
QTWO vs RAMP: side by side
| QTWO (Q2 Holdings, Inc.) | RAMP (LiveRamp Holdings, Inc.) | |
|---|---|---|
| 1-year return | -16.0% | +38.1% |
| 5-year return | -24.7% | -22.9% |
| Volatility (ann.) | 41.9% | 40.4% |
| Beta vs S&P 500 | 1.41 | 1.07 |
| Max drawdown (3Y) | -62.0% | -48.2% |
| Market cap | $4.1B | $2.3B |
| P/E (trailing) | 45.9 | 15.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | QTWO | RAMP |
|---|---|---|
| 2022 | -66.2% | -51.1% |
| 2023 | +61.6% | +61.6% |
| 2024 | +131.9% | -19.8% |
| 2025 | -28.3% | -3.3% |
| 2026 | -9.0% | +28.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QTWO and RAMP good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QTWO and RAMP?
The QTWO/RAMP correlation stands at 0.48 on a 3-year window (1 year: 0.43, 5 years: 0.52), computed from weekly returns as of 2026-08-27.
Is RAMP a good diversifier for QTWO?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 mean?
A reading of 0.48 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: QTWO correlations · RAMP correlations
