ACVA vs PAYO: Correlation
How closely do ACV Auctions Inc. (ACVA) and Payoneer Global Inc. (PAYO) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACVA and PAYO?
Across a 3-year window, the weekly returns of ACVA and PAYO correlate at 0.47, moderate. The relationship has been stable: the 1-year correlation (0.47) sits close to the 3-year figure. Stretching to 5 years gives 0.37, with an annualized covariance of 1291.5 %².
Among the 14 assets we track against ACVA, PAYO ranks #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months PAYO outperformed by 42.3 percentage points (-37.3% for ACVA against +5.0% for PAYO).
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.
ACVA vs PAYO: side by side
| ACVA (ACV Auctions Inc.) | PAYO (Payoneer Global Inc.) | |
|---|---|---|
| 1-year return | -37.3% | +5.0% |
| 5-year return | -64.2% | -27.7% |
| Volatility (ann.) | 57.0% | 48.1% |
| Beta vs S&P 500 | 1.76 | 1.27 |
| Max drawdown (3Y) | -82.1% | -61.4% |
| Market cap | $1.2B | $2.4B |
| P/E (trailing) | – | 50.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACVA | PAYO |
|---|---|---|
| 2022 | -56.4% | -25.6% |
| 2023 | +84.5% | -4.8% |
| 2024 | +42.6% | +92.7% |
| 2025 | -62.9% | -44.0% |
| 2026 | -10.0% | +26.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACVA and PAYO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ACVA and PAYO?
The ACVA/PAYO correlation stands at 0.47 on a 3-year window (1 year: 0.47, 5 years: 0.37), computed from weekly returns as of 2026-08-27.
Is PAYO a good diversifier for ACVA?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/acva-vs-payo.json
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[](https://www.pairbook.io/pair/acva-vs-payo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ACVA correlations · PAYO correlations
