QTWO vs. FLYW
QTWO (Q2 Holdings, Inc.) and FLYW (Flywire Corporation) are both stocks. Both are in the Technology sector — QTWO in Software - Application, FLYW in Information Technology Services. Over the past 5 years, QTWO returned -10.04%/yr vs -12.80%/yr for FLYW. Their 0.50 correlation means their historical movements had little consistent relationship.
Performance
QTWO vs. FLYW - Performance Comparison
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Returns By Period
In the year-to-date period, QTWO achieves a -15.65% return, which is significantly lower than FLYW's 13.06% return.
QTWO
- 1D
- 3.05%
- 1M
- 15.66%
- 6M
- -0.62%
- YTD
- -15.65%
- 1Y
- -20.46%
- 3Y*
- 19.34%
- 5Y*
- -10.04%
- 10Y*
- 7.22%
- ALL TIME*
- 11.27%
FLYW
- 1D
- -1.60%
- 1M
- -14.61%
- 6M
- 27.06%
- YTD
- 13.06%
- 1Y
- 54.39%
- 3Y*
- -22.99%
- 5Y*
- -12.80%
- 10Y*
- —
- ALL TIME*
- -13.53%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $32.35M | $34.14M | $39.86M | |
| $70.18M | $52.50M | $43.14M |
QTWO vs. FLYW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
QTWO Q2 Holdings, Inc. | -15.65% | -28.31% | 131.86% | 61.56% | -66.18% | -16.47% |
FLYW Flywire Corporation | 13.06% | -31.33% | -10.93% | -5.39% | -35.71% | 11.94% |
Correlation
The correlation between QTWO and FLYW is 0.47, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.47 |
Correlation (3Y) Balances recent behavior with more history. | 0.41 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.50 |
Correlation (All Time) Calculated using the full available price history since May 26, 2021 | 0.50 |
The correlation between QTWO and FLYW has been stable across timeframes, ranging from 0.41 to 0.50 - a consistent structural relationship.
Fundamentals
QTWO:
$3.80B
FLYW:
$1.95B
QTWO:
$1.35
FLYW:
$98.10
QTWO:
45.09
FLYW:
0.16
QTWO:
4.90
FLYW:
0.01
QTWO:
6.31
FLYW:
0.00
QTWO:
$846.20M
FLYW:
$188.60B
QTWO:
$482.24M
FLYW:
$299.78M
QTWO:
$104.70M
FLYW:
$11.02B
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Return for Risk
QTWO vs. FLYW — Risk / Return Rank
QTWO
FLYW
QTWO vs. FLYW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Q2 Holdings, Inc. (QTWO) and Flywire Corporation (FLYW). 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 | FLYW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.52 | ||
| Sortino ratioReturn per unit of downside risk | -2.33 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.21 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | 1.68 | -2.18 |
| Martin ratioReturn relative to average drawdown | -0.80 | 4.30 | -5.10 |
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Drawdowns
QTWO vs. FLYW - Drawdown Comparison
The maximum QTWO drawdown since its inception was -85.77%, roughly equal to the maximum FLYW drawdown of -84.40%. Use the drawdown chart below to compare losses from any high point for QTWO and FLYW.
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Drawdown Indicators
| QTWO | FLYW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.77% | -84.40% | -1.37% |
Max Drawdown (1Y)Largest decline over 1 year | -50.04% | -28.16% | -21.88% |
Max Drawdown (3Y)Largest decline over 3 years | -62.03% | -75.65% | +13.62% |
Max Drawdown (5Y)Largest decline over 5 years | -78.88% | -84.40% | +5.52% |
Max Drawdown (10Y)Largest decline over 10 years | -85.77% | — | — |
Current DrawdownCurrent decline from peak | -58.51% | -70.33% | +11.82% |
Average DrawdownAverage peak-to-trough decline | -30.61% | -56.37% | +25.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.23% | 10.98% | +20.25% |
Volatility
QTWO vs. FLYW - Volatility Comparison
Q2 Holdings, Inc. (QTWO) and Flywire Corporation (FLYW) have volatilities of 12.92% and 12.58%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QTWO | FLYW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.92% | 12.58% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 35.60% | 39.22% | -3.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.68% | 48.56% | -1.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.62% | 57.26% | -6.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.52% | 57.07% | -12.55% |
Dividends
QTWO vs. FLYW - Dividend Comparison
Neither QTWO nor FLYW has paid dividends to shareholders.
Financials
QTWO vs. FLYW - Financials Comparison
This section allows you to compare key financial metrics between Q2 Holdings, Inc. and Flywire Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
QTWO vs. FLYW - Profitability Comparison
QTWO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Q2 Holdings, Inc. reported a gross profit of 130.20M and revenue of 219.77M. Therefore, the gross margin over that period was 59.3%.
FLYW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Flywire Corporation reported a gross profit of 0.00 and revenue of 188.11B. Therefore, the gross margin over that period was 0.0%.
QTWO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Q2 Holdings, Inc. reported an operating income of 29.34M and revenue of 219.77M, resulting in an operating margin of 13.4%.
FLYW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Flywire Corporation reported an operating income of 10.78B and revenue of 188.11B, resulting in an operating margin of 5.7%.
QTWO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Q2 Holdings, Inc. reported a net income of 29.86M and revenue of 219.77M, resulting in a net margin of 13.6%.
FLYW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Flywire Corporation reported a net income of 12.52B and revenue of 188.11B, resulting in a net margin of 6.7%.
Frequently Asked Questions
QTWO and FLYW have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QTWO has higher volatility (12.92%) compared to FLYW (12.58%). In terms of maximum drawdown, QTWO dropped -85.77% vs FLYW's -84.40%.
FLYW currently has the higher Sharpe Ratio (0.97 vs -0.55), 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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