QTWO vs WIX: Correlation
Measured on weekly returns over the past three years, Q2 Holdings, Inc. (QTWO) and Wix.com Ltd. (WIX) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QTWO and WIX?
Across a 3-year window, the weekly returns of QTWO and WIX correlate at 0.52, moderate. The relationship has been stable: the 1-year correlation (0.52) sits close to the 3-year figure. Stretching to 5 years gives 0.49, with an annualized covariance of 1261.3 %².
Within QTWO's tracked universe of 39 assets, WIX comes in at #19 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QTWO outperformed by 21.1 percentage points (-16.0% for QTWO against -37.1% for WIX).
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 WIX: side by side
| QTWO (Q2 Holdings, Inc.) | WIX (Wix.com Ltd.) | |
|---|---|---|
| 1-year return | -16.0% | -37.1% |
| 5-year return | -24.7% | -61.8% |
| Volatility (ann.) | 41.9% | 58.2% |
| Beta vs S&P 500 | 1.41 | 1.22 |
| Max drawdown (3Y) | -62.0% | -83.6% |
| Market cap | $4.1B | $3.6B |
| P/E (trailing) | 45.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | QTWO | WIX |
|---|---|---|
| 2022 | -66.2% | -51.3% |
| 2023 | +61.6% | +60.1% |
| 2024 | +131.9% | +74.4% |
| 2025 | -28.3% | -51.6% |
| 2026 | -9.0% | -17.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QTWO and WIX good diversifiers for each other?
Only partially. A correlation of 0.52 means QTWO and WIX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between QTWO and WIX?
As of 2026-08-27, the correlation of weekly returns between QTWO and WIX is 0.52 over 3 years, 0.52 over 1 year and 0.49 over 5 years.
Is WIX a good diversifier for QTWO?
Only partially. A correlation of 0.52 means QTWO and WIX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 mean?
On the −1 to +1 scale, 0.52 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qtwo-vs-wix.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qtwo-vs-wix/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QTWO correlations · WIX correlations
