AXP vs GPN: Correlation
How closely do American Express (AXP) and Global Payments (GPN) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AXP and GPN?
On 3 years of weekly data the AXP/GPN correlation comes out at 0.54, moderate. Little has changed lately, as the 1-year reading of 0.46 lands near the 3-year figure. The 5-year figure is 0.55, and annualized covariance runs at 516.7 %².
Within AXP's tracked universe of 35 assets, GPN comes in at #18 by 3-year correlation. Twelve-month performance is nearly a tie, at +4.7% for AXP and +7.0% for GPN. The rolling one-year correlation stayed in a tight band between 0.40 and 0.64 over the past three years, which points to a structural rather than episodic relationship.
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.
AXP vs GPN: side by side
| AXP (American Express) | GPN (Global Payments) | |
|---|---|---|
| 1-year return | +4.7% | +7.0% |
| 5-year return | +116.2% | -39.6% |
| Volatility (ann.) | 26.6% | 35.9% |
| Beta vs S&P 500 | 1.20 | 1.22 |
| Max drawdown (3Y) | -28.8% | -54.0% |
| Market cap | $225.7B | $24.5B |
| P/E (trailing) | 20.4 | 44.0 |
| Dividend yield | 1.05% | 1.08% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | AXP | GPN |
|---|---|---|
| 2022 | -8.5% | -25.9% |
| 2023 | +28.7% | +29.0% |
| 2024 | +60.3% | -11.0% |
| 2025 | +26.0% | -30.1% |
| 2026 | -8.9% | +20.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AXP and GPN good diversifiers for each other?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AXP and GPN?
As of 2026-08-27, the correlation of weekly returns between AXP and GPN is 0.54 over 3 years, 0.46 over 1 year and 0.55 over 5 years.
Is GPN a good diversifier for AXP?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.54 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/axp-vs-gpn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/axp-vs-gpn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AXP correlations · GPN correlations
