QTWO vs TASK: Correlation
Q2 Holdings, Inc. (QTWO) and TaskUs, Inc. (TASK) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QTWO and TASK?
On 3 years of weekly data the QTWO/TASK correlation comes out at 0.49, moderate. Recent behaviour matches the longer record: 0.51 over 1 year against 0.49 over 3. The 5-year figure is 0.50, and annualized covariance runs at 1184.6 %².
Within QTWO's tracked universe of 39 assets, TASK comes in at #26 by 3-year correlation. On 12-month performance QTWO holds a 11.6-point edge, -16.0% against -27.6%.
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 TASK: side by side
| QTWO (Q2 Holdings, Inc.) | TASK (TaskUs, Inc.) | |
|---|---|---|
| 1-year return | -16.0% | -27.6% |
| 5-year return | -24.7% | -78.6% |
| Volatility (ann.) | 41.9% | 58.0% |
| Beta vs S&P 500 | 1.41 | 1.30 |
| Max drawdown (3Y) | -62.0% | -63.0% |
| Market cap | $4.1B | $0.8B |
| P/E (trailing) | 45.9 | 6.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | QTWO | TASK |
|---|---|---|
| 2022 | -66.2% | -68.7% |
| 2023 | +61.6% | -22.7% |
| 2024 | +131.9% | +29.6% |
| 2025 | -28.3% | -30.4% |
| 2026 | -9.0% | +6.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QTWO and TASK good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QTWO and TASK?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.51 over the last year and 0.50 over 5 years.
Is TASK a good diversifier for QTWO?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 mean?
A reading of 0.49 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/qtwo-vs-task.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qtwo-vs-task/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QTWO correlations · TASK correlations
