QTWO vs. LDOS
QTWO (Q2 Holdings, Inc.) and LDOS (Leidos Holdings, Inc.) are both stocks. Both are in the Technology sector — QTWO in Software - Application, LDOS in Information Technology Services. Over the past 10 years, QTWO returned 4.40%/yr vs 13.80%/yr for LDOS. At a 0.29 correlation, their price movements are largely independent.
Performance
QTWO vs. LDOS - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with QTWO having a -41.67% return and LDOS slightly higher at -41.53%. Over the past 10 years, QTWO has underperformed LDOS with an annualized return of 4.40%, while LDOS has yielded a comparatively higher 13.80% annualized return.
QTWO
- 1D
- -1.77%
- 1M
- -8.74%
- YTD
- -41.67%
- 6M
- -43.82%
- 1Y
- -52.44%
- 3Y*
- 12.49%
- 5Y*
- -17.08%
- 10Y*
- 4.40%
LDOS
- 1D
- -2.13%
- 1M
- -16.51%
- YTD
- -41.53%
- 6M
- -43.31%
- 1Y
- -28.64%
- 3Y*
- 8.59%
- 5Y*
- 1.55%
- 10Y*
- 13.80%
QTWO vs. LDOS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QTWO Q2 Holdings, Inc. | -41.67% | -28.31% | 131.86% | 61.56% | -66.18% | -37.22% | 56.06% | 63.63% | 34.46% | 27.73% |
LDOS Leidos Holdings, Inc. | -41.53% | 26.50% | 34.52% | 4.50% | 20.04% | -14.20% | 8.95% | 88.82% | -16.72% | 29.14% |
Correlation
The correlation between QTWO and LDOS is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Mar 20, 2014 | 0.29 |
Fundamentals
QTWO:
$2.85B
LDOS:
$13.42B
QTWO:
$1.07
LDOS:
$10.92
QTWO:
39.24
LDOS:
9.60
QTWO:
3.53
LDOS:
0.79
QTWO:
4.65
LDOS:
2.68
QTWO:
$821.58M
LDOS:
$17.33B
QTWO:
$456.61M
LDOS:
$3.04B
QTWO:
$105.55M
LDOS:
$2.34B
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Return for Risk
QTWO vs. LDOS — Risk / Return Rank
QTWO
LDOS
QTWO vs. LDOS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Q2 Holdings, Inc. (QTWO) and Leidos Holdings, Inc. (LDOS). 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 | LDOS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.74 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 0.83 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.94 | -0.61 | -0.33 |
| Martin ratioReturn relative to average drawdown | -1.48 | -1.73 | +0.25 |
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Drawdowns
QTWO vs. LDOS - Drawdown Comparison
The maximum QTWO drawdown since its inception was -85.77%, which is greater than LDOS's maximum drawdown of -54.72%. Use the drawdown chart below to compare losses from any high point for QTWO and LDOS.
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Drawdown Indicators
| QTWO | LDOS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.77% | -54.72% | -31.05% |
Max Drawdown (1Y)Largest decline over 1 year | -55.82% | -47.03% | -8.79% |
Max Drawdown (3Y)Largest decline over 3 years | -62.03% | -47.03% | -15.00% |
Max Drawdown (5Y)Largest decline over 5 years | -80.69% | -47.03% | -33.66% |
Max Drawdown (10Y)Largest decline over 10 years | -85.77% | -47.03% | -38.74% |
Current DrawdownCurrent decline from peak | -71.31% | -47.03% | -24.28% |
Average DrawdownAverage peak-to-trough decline | -30.31% | -19.71% | -10.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.34% | 16.57% | +18.77% |
Volatility
QTWO vs. LDOS - Volatility Comparison
Q2 Holdings, Inc. (QTWO) has a higher volatility of 17.09% compared to Leidos Holdings, Inc. (LDOS) at 9.24%. This indicates that QTWO's price experiences larger fluctuations and is considered to be riskier than LDOS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QTWO | LDOS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.09% | 9.24% | +7.85% |
Volatility (6M)Calculated over the trailing 6-month period | 33.08% | 25.90% | +7.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.12% | 30.25% | +13.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.12% | 26.93% | +23.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.32% | 27.60% | +16.72% |
Dividends
QTWO vs. LDOS - Dividend Comparison
QTWO has not paid dividends to shareholders, while LDOS's dividend yield for the trailing twelve months is around 1.61%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LDOS Leidos Holdings, Inc. | 1.61% | 0.90% | 1.07% | 1.35% | 1.37% | 1.57% | 1.29% | 1.35% | 2.43% | 1.98% | 29.17% | 3.41% |
QTWO Q2 Holdings, 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
QTWO vs. LDOS - Financials Comparison
This section allows you to compare key financial metrics between Q2 Holdings, Inc. and Leidos Holdings, Inc.. 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. LDOS - Profitability Comparison
QTWO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Q2 Holdings, Inc. reported a gross profit of 127.91M and revenue of 216.51M. Therefore, the gross margin over that period was 59.1%.
LDOS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Leidos Holdings, Inc. reported a gross profit of 761.00M and revenue of 4.40B. Therefore, the gross margin over that period was 17.3%.
QTWO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Q2 Holdings, Inc. reported an operating income of 27.69M and revenue of 216.51M, resulting in an operating margin of 12.8%.
LDOS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Leidos Holdings, Inc. reported an operating income of 508.00M and revenue of 4.40B, resulting in an operating margin of 11.6%.
QTWO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Q2 Holdings, Inc. reported a net income of 26.64M and revenue of 216.51M, resulting in a net margin of 12.3%.
LDOS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Leidos Holdings, Inc. reported a net income of 328.00M and revenue of 4.40B, resulting in a net margin of 7.5%.
Frequently Asked Questions
QTWO and LDOS have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QTWO has higher volatility (17.09%) compared to LDOS (9.24%). In terms of maximum drawdown, QTWO dropped -85.77% vs LDOS's -54.72%.
LDOS currently has the higher Sharpe Ratio (-0.95 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.
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