FISV vs. ASX

Last updated Jun 4, 2026

FISV (Fiserv, Inc) and ASX (ASE Technology Holding Co., Ltd.) are both stocks. Both are in the Technology sector — FISV in Software - Application, ASX in Semiconductors. Over the past 10 years, FISV returned 0.38%/yr vs 27.14%/yr for ASX. At a 0.29 correlation, their price movements are largely independent.

Performance

FISV vs. ASX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fiserv, Inc (FISV) and ASE Technology Holding Co., Ltd. (ASX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FISV achieves a -18.00% return, which is significantly lower than ASX's 147.89% return. Over the past 10 years, FISV has underperformed ASX with an annualized return of 0.38%, while ASX has yielded a comparatively higher 27.14% annualized return.

FISV

• 1D: -2.44%
• 1M: -12.31%
• YTD: -18.00%
• 6M: -17.73%
• 1Y: -66.02%
• 3Y*: -21.51%
• 5Y*: -13.45%
• 10Y*: 0.38%

ASX

• 1D: 1.66%
• 1M: 23.64%
• YTD: 147.89%
• 6M: 159.16%
• 1Y: 336.26%
• 3Y*: 78.22%
• 5Y*: 44.06%
• 10Y*: 27.14%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FISV vs. ASX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FISV Fiserv, Inc	-18.00%	-67.30%	54.64%	31.43%	-2.62%	-8.84%	-1.53%	57.34%	12.09%	23.38%
ASX ASE Technology Holding Co., Ltd.	147.89%	65.68%	10.14%	60.87%	-12.75%	38.25%	8.13%	53.97%	-37.08%	31.93%

Correlation

The correlation between FISV and ASX is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.06
Correlation (3Y) Calculated over the trailing 3-year period	0.14
Correlation (5Y) Calculated over the trailing 5-year period	0.23
Correlation (10Y) Calculated over the trailing 10-year period	0.27
Correlation (All Time) Calculated using the full available price history since Oct 3, 2000	0.29

The correlation between FISV and ASX shifts across timeframes, from -0.06 (1 year) to 0.29 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap FISV : $29.49B ASX : $89.50B
EPS FISV : $5.91 ASX : $21.22
PE Ratio FISV : 9.32 ASX : 1.88
PS Ratio FISV : 1.41 ASX : 0.13
PB Ratio FISV : 1.12 ASX : 0.26
Total Revenue (TTM) FISV : $21.09B ASX : $666.14B
Gross Profit (TTM) FISV : $9.52B ASX : $122.03B
EBITDA (TTM) FISV : $7.75B ASX : $130.31B

Return for Risk

FISV vs. ASX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FISV

FISV Risk / Return Rank: 5
FISV Sharpe Ratio Rank: 2
FISV Sortino Ratio Rank: 4
FISV Omega Ratio Rank: 1
FISV Calmar Ratio Rank: 4
FISV Martin Ratio Rank: 12

ASX

ASX Risk / Return Rank: 99
ASX Sharpe Ratio Rank: 99
ASX Sortino Ratio Rank: 99
ASX Omega Ratio Rank: 98
ASX Calmar Ratio Rank: 99
ASX Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FISV vs. ASX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fiserv, Inc (FISV) and ASE Technology Holding Co., Ltd. (ASX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	FISV	ASX	Difference
Sharpe ratio Return per unit of total volatility	-1.19	7.76	-8.94
Sortino ratio Return per unit of downside risk	-1.69	6.42	-8.11
Omega ratio Gain probability vs. loss probability	0.65	1.87	-1.21
Calmar ratio Return relative to maximum drawdown	-0.94	20.16	-21.10
Martin ratio Return relative to average drawdown	-1.28	55.80	-57.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FISV vs. ASX - Sharpe Ratio Comparison

The current FISV Sharpe Ratio is -1.19, which is lower than the ASX Sharpe Ratio of 7.76. The chart below compares the historical Sharpe Ratios of FISV and ASX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FISV	ASX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.19	7.76	-8.94
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.38	1.12	-1.50
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.01	0.71	-0.70
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.39	+0.02

Drawdowns

FISV vs. ASX - Drawdown Comparison

The maximum FISV drawdown since its inception was -77.98%, roughly equal to the maximum ASX drawdown of -78.05%. Use the drawdown chart below to compare losses from any high point for FISV and ASX.

Drawdown Indicators

	FISV	ASX	Difference
Max Drawdown Largest peak-to-trough decline	-77.98%	-78.05%	+0.07%
Max Drawdown (1Y) Largest decline over 1 year	-70.17%	-16.81%	-53.36%
Max Drawdown (3Y) Largest decline over 3 years	-77.98%	-40.64%	-37.34%
Max Drawdown (5Y) Largest decline over 5 years	-77.98%	-45.99%	-31.99%
Max Drawdown (10Y) Largest decline over 10 years	-77.98%	-54.17%	-23.81%
Current Drawdown Current decline from peak	-76.84%	-1.70%	-75.14%
Average Drawdown Average peak-to-trough decline	-11.13%	-22.58%	+11.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	51.58%	6.06%	+45.52%

Volatility

FISV vs. ASX - Volatility Comparison

The current volatility for Fiserv, Inc (FISV) is 14.44%, while ASE Technology Holding Co., Ltd. (ASX) has a volatility of 19.08%. This indicates that FISV experiences smaller price fluctuations and is considered to be less risky than ASX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FISV	ASX	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.44%	19.08%	-4.64%
Volatility (6M) Calculated over the trailing 6-month period	26.56%	33.26%	-6.70%
Volatility (1Y) Calculated over the trailing 1-year period	55.75%	43.68%	+12.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.56%	39.70%	-4.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.57%	38.30%	-6.73%

Dividends

FISV vs. ASX - Dividend Comparison

FISV has not paid dividends to shareholders, while ASX's dividend yield for the trailing twelve months is around 0.90%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASX ASE Technology Holding Co., Ltd.	0.90%	2.23%	3.19%	6.07%	7.64%	3.86%	2.34%	2.88%	14.19%	2.51%	3.63%	4.00%
FISV Fiserv, Inc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

FISV vs. ASX - Profitability Comparison

The chart below illustrates the profitability comparison between Fiserv, Inc and ASE Technology Holding Co., Ltd. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

FISV - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Fiserv, Inc reported a gross profit of 0.00 and revenue of 5.03B. Therefore, the gross margin over that period was 0.0%.

ASX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, ASE Technology Holding Co., Ltd. reported a gross profit of 35.21B and revenue of 175.46B. Therefore, the gross margin over that period was 20.1%.

FISV - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Fiserv, Inc reported an operating income of 918.00M and revenue of 5.03B, resulting in an operating margin of 18.3%.

ASX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, ASE Technology Holding Co., Ltd. reported an operating income of 17.71B and revenue of 175.46B, resulting in an operating margin of 10.1%.

FISV - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Fiserv, Inc reported a net income of 571.00M and revenue of 5.03B, resulting in a net margin of 11.4%.

ASX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, ASE Technology Holding Co., Ltd. reported a net income of 14.29B and revenue of 175.46B, resulting in a net margin of 8.2%.

Frequently Asked Questions

Can I hold both FISV and ASX in my portfolio?

FISV and ASX have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FISV or ASX?

ASX has higher volatility (19.08%) compared to FISV (14.44%). In terms of maximum drawdown, FISV dropped -77.98% vs ASX's -78.05%.

Which has better risk-adjusted returns?

ASX currently has the higher Sharpe Ratio (7.76 vs -1.19), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.