QTWO vs RDVT: Correlation
Measured on weekly returns over the past three years, Q2 Holdings, Inc. (QTWO) and Red Violet, Inc. (RDVT) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QTWO and RDVT?
Across a 3-year window, the weekly returns of QTWO and RDVT correlate at 0.48, moderate. Little has changed lately, as the 1-year reading of 0.50 lands near the 3-year figure. Stretching to 5 years gives 0.44, with an annualized covariance of 910.7 %².
Among the 39 assets we track against QTWO, RDVT ranks #30 by 3-year correlation. Correlation aside, the last 12 months split them widely, with RDVT ahead by 62.1 points (-16.0% versus +46.1%).
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 RDVT: side by side
| QTWO (Q2 Holdings, Inc.) | RDVT (Red Violet, Inc.) | |
|---|---|---|
| 1-year return | -16.0% | +46.1% |
| 5-year return | -24.7% | +153.0% |
| Volatility (ann.) | 41.9% | 45.1% |
| Beta vs S&P 500 | 1.41 | 1.12 |
| Max drawdown (3Y) | -62.0% | -42.1% |
| Market cap | $4.1B | $1.2B |
| P/E (trailing) | 45.9 | 63.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | QTWO | RDVT |
|---|---|---|
| 2022 | -66.2% | -42.0% |
| 2023 | +61.6% | -13.2% |
| 2024 | +131.9% | +81.3% |
| 2025 | -28.3% | +58.6% |
| 2026 | -9.0% | +26.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QTWO and RDVT good diversifiers for each other?
Reasonably. At 0.48, QTWO and RDVT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QTWO and RDVT?
The QTWO/RDVT correlation stands at 0.48 on a 3-year window (1 year: 0.50, 5 years: 0.44), computed from weekly returns as of 2026-08-27.
Is RDVT a good diversifier for QTWO?
Reasonably. At 0.48, QTWO and RDVT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 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/qtwo-vs-rdvt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qtwo-vs-rdvt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QTWO correlations · RDVT correlations
