QTWO vs TRAK: Correlation
Q2 Holdings, Inc. (QTWO) and ReposiTrak, Inc. (TRAK) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QTWO and TRAK?
Across a 3-year window, the weekly returns of QTWO and TRAK correlate at 0.52, moderate. Recent behaviour matches the longer record: 0.54 over 1 year against 0.52 over 3. Stretching to 5 years gives 0.38, with an annualized covariance of 918.8 %².
Among the 39 assets we track against QTWO, TRAK ranks #18 by 3-year correlation. The last year tells two different stories: QTWO led by 34.5 percentage points, -16.0% for QTWO against -50.5% for TRAK.
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 TRAK: side by side
| QTWO (Q2 Holdings, Inc.) | TRAK (ReposiTrak, Inc.) | |
|---|---|---|
| 1-year return | -16.0% | -50.5% |
| 5-year return | -24.7% | +52.8% |
| Volatility (ann.) | 41.9% | 42.1% |
| Beta vs S&P 500 | 1.41 | 1.30 |
| Max drawdown (3Y) | -62.0% | -71.0% |
| Market cap | $4.1B | $0.1B |
| P/E (trailing) | 45.9 | 21.5 |
| Dividend yield | 0.00% | 0.99% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | QTWO | TRAK |
|---|---|---|
| 2022 | -66.2% | -14.4% |
| 2023 | +61.6% | +104.2% |
| 2024 | +131.9% | +122.0% |
| 2025 | -28.3% | -43.8% |
| 2026 | -9.0% | -35.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QTWO and TRAK good diversifiers for each other?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between QTWO and TRAK?
As of 2026-08-27, the correlation of weekly returns between QTWO and TRAK is 0.52 over 3 years, 0.54 over 1 year and 0.38 over 5 years.
Is TRAK a good diversifier for QTWO?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.52 mean?
A reading of 0.52 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-trak.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qtwo-vs-trak/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QTWO correlations · TRAK correlations
