QTWO vs TRU: Correlation
How closely do Q2 Holdings, Inc. (QTWO) and TransUnion (TRU) trade together? Their weekly returns over three years give a correlation of 0.62, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QTWO and TRU?
On 3 years of weekly data the QTWO/TRU correlation comes out at 0.62, strong. Little has changed lately, as the 1-year reading of 0.64 lands near the 3-year figure. The 5-year figure is 0.61, and annualized covariance runs at 1076.6 %².
Few assets follow QTWO as closely as TRU, which ranks #3 of 39 tracked partners. Over the last 12 months TRU came out ahead by 11.7 percentage points (-16.0% against -4.3%).
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 TRU: side by side
| QTWO (Q2 Holdings, Inc.) | TRU (TransUnion) | |
|---|---|---|
| 1-year return | -16.0% | -4.3% |
| 5-year return | -24.7% | -27.4% |
| Volatility (ann.) | 41.9% | 41.6% |
| Beta vs S&P 500 | 1.41 | 1.71 |
| Max drawdown (3Y) | -62.0% | -47.3% |
| Market cap | $4.1B | $16.2B |
| P/E (trailing) | 45.9 | 22.3 |
| Dividend yield | 0.00% | 0.28% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | QTWO | TRU |
|---|---|---|
| 2022 | -66.2% | -51.9% |
| 2023 | +61.6% | +21.8% |
| 2024 | +131.9% | +35.6% |
| 2025 | -28.3% | -7.0% |
| 2026 | -9.0% | -0.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QTWO and TRU good diversifiers for each other?
To a limited degree. At 0.62 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 TRU?
The QTWO/TRU correlation stands at 0.62 on a 3-year window (1 year: 0.64, 5 years: 0.61), computed from weekly returns as of 2026-08-27.
Is TRU a good diversifier for QTWO?
To a limited degree. At 0.62 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 0.62 mean?
A reading of 0.62 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-tru.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qtwo-vs-tru/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QTWO correlations · TRU correlations
