QTWO vs. ^GSPC
QTWO (Q2 Holdings, Inc.) is a stock, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, QTWO returned 5.35%/yr vs 13.91%/yr for ^GSPC. At a 0.49 correlation, their price movements are largely independent.
Performance
QTWO vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, QTWO achieves a -38.97% return, which is significantly lower than ^GSPC's 7.48% return. Over the past 10 years, QTWO has underperformed ^GSPC with an annualized return of 5.35%, while ^GSPC has yielded a comparatively higher 13.91% annualized return.
QTWO
- 1D
- -2.20%
- 1M
- -3.04%
- YTD
- -38.97%
- 6M
- -40.71%
- 1Y
- -52.65%
- 3Y*
- 14.56%
- 5Y*
- -16.07%
- 10Y*
- 5.35%
^GSPC
- 1D
- -0.01%
- 1M
- -2.15%
- YTD
- 7.48%
- 6M
- 6.14%
- 1Y
- 20.77%
- 3Y*
- 19.34%
- 5Y*
- 11.44%
- 10Y*
- 13.91%
QTWO vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QTWO Q2 Holdings, Inc. | -38.97% | -28.31% | 131.86% | 61.56% | -66.18% | -37.22% | 56.06% | 63.63% | 34.46% | 27.73% |
^GSPC S&P 500 Index | 7.48% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 16.26% | 28.88% | -6.24% | 19.42% |
Correlation
The correlation between QTWO and ^GSPC is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Mar 20, 2014 | 0.49 |
Over the past year, the correlation between QTWO and ^GSPC has dropped to 0.22 - well below their long-term average of 0.49, suggesting their price drivers have been diverging.
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Return for Risk
QTWO vs. ^GSPC — Risk / Return Rank
QTWO
^GSPC
QTWO vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Q2 Holdings, Inc. (QTWO) and S&P 500 Index (^GSPC). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| QTWO | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.87 | ||
| Sortino ratioReturn per unit of downside risk | -4.28 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 1.30 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.95 | 2.29 | -3.24 |
| Martin ratioReturn relative to average drawdown | -1.48 | 10.09 | -11.57 |
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Drawdowns
QTWO vs. ^GSPC - Drawdown Comparison
The maximum QTWO drawdown since its inception was -85.77%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for QTWO and ^GSPC.
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Drawdown Indicators
| QTWO | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.77% | -56.78% | -28.99% |
Max Drawdown (1Y)Largest decline over 1 year | -55.68% | -9.10% | -46.58% |
Max Drawdown (3Y)Largest decline over 3 years | -62.03% | -18.90% | -43.13% |
Max Drawdown (5Y)Largest decline over 5 years | -80.41% | -25.43% | -54.98% |
Max Drawdown (10Y)Largest decline over 10 years | -85.77% | -33.92% | -51.85% |
Current DrawdownCurrent decline from peak | -69.98% | -3.32% | -66.66% |
Average DrawdownAverage peak-to-trough decline | -30.34% | -10.71% | -19.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.65% | 2.06% | +33.59% |
Volatility
QTWO vs. ^GSPC - Volatility Comparison
Q2 Holdings, Inc. (QTWO) has a higher volatility of 17.95% compared to S&P 500 Index (^GSPC) at 4.82%. This indicates that QTWO's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QTWO | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.95% | 4.82% | +13.13% |
Volatility (6M)Calculated over the trailing 6-month period | 33.43% | 9.88% | +23.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.00% | 12.50% | +31.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.17% | 17.00% | +33.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.31% | 18.07% | +26.24% |
Frequently Asked Questions
QTWO and ^GSPC have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QTWO has higher volatility (17.95%) compared to ^GSPC (4.82%). In terms of maximum drawdown, QTWO dropped -85.77% vs ^GSPC's -56.78%.
^GSPC currently has the higher Sharpe Ratio (1.67 vs -1.20), 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.
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