QTWO vs ZETA: Correlation
Measured on weekly returns over the past three years, Q2 Holdings, Inc. (QTWO) and Zeta Global Holdings Corp. (ZETA) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QTWO and ZETA?
Across a 3-year window, the weekly returns of QTWO and ZETA correlate at 0.54, moderate. The relationship has been stable: the 1-year correlation (0.64) sits close to the 3-year figure. Stretching to 5 years gives 0.47, with an annualized covariance of 1621.0 %².
Within QTWO's tracked universe of 39 assets, ZETA comes in at #15 by 3-year correlation. The last year tells two different stories: ZETA led by 67.7 percentage points, -16.0% for QTWO against +51.7% for ZETA. Risk is not evenly split, since ZETA carries 1.7 times the volatility of the other side.
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 ZETA: side by side
| QTWO (Q2 Holdings, Inc.) | ZETA (Zeta Global Holdings Corp.) | |
|---|---|---|
| 1-year return | -16.0% | +51.7% |
| 5-year return | -24.7% | +373.7% |
| Volatility (ann.) | 41.9% | 71.9% |
| Beta vs S&P 500 | 1.41 | 2.30 |
| Max drawdown (3Y) | -62.0% | -70.0% |
| Market cap | $4.1B | $7.5B |
| P/E (trailing) | 45.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | QTWO | ZETA |
|---|---|---|
| 2022 | -66.2% | -3.0% |
| 2023 | +61.6% | +8.0% |
| 2024 | +131.9% | +104.0% |
| 2025 | -28.3% | +13.1% |
| 2026 | -9.0% | +48.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QTWO and ZETA good diversifiers for each other?
Only partially. A correlation of 0.54 means QTWO and ZETA 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 ZETA?
As of 2026-08-27, the correlation of weekly returns between QTWO and ZETA is 0.54 over 3 years, 0.64 over 1 year and 0.47 over 5 years.
Is ZETA a good diversifier for QTWO?
Only partially. A correlation of 0.54 means QTWO and ZETA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.54 mean?
On the −1 to +1 scale, 0.54 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-zeta.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qtwo-vs-zeta/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QTWO correlations · ZETA correlations
