BILL vs PAYC: Correlation
How closely do BILL Holdings, Inc. (BILL) and Paycom Software, Inc. (PAYC) 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 BILL and PAYC?
Across a 3-year window, the weekly returns of BILL and PAYC correlate at 0.47, moderate. Little has changed lately, as the 1-year reading of 0.55 lands near the 3-year figure. Stretching to 5 years gives 0.52, with an annualized covariance of 1261.0 %².
PAYC is one of the assets that tracks BILL most closely: it ranks #3 out of the 13 assets we track against BILL. Over the last 12 months BILL came out ahead by 12.4 percentage points (+17.4% against +5.0%).
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.
BILL vs PAYC: side by side
| BILL (BILL Holdings, Inc.) | PAYC (Paycom Software, Inc.) | |
|---|---|---|
| 1-year return | +17.4% | +5.0% |
| 5-year return | -82.7% | -50.2% |
| Volatility (ann.) | 57.0% | 46.9% |
| Beta vs S&P 500 | 1.26 | 0.72 |
| Max drawdown (3Y) | -73.0% | -60.8% |
| Market cap | $4.9B | $10.7B |
| P/E (trailing) | – | 25.1 |
| Dividend yield | 0.00% | 0.65% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BILL | PAYC |
|---|---|---|
| 2022 | -56.3% | -25.3% |
| 2023 | -25.1% | -33.1% |
| 2024 | +3.8% | -0.0% |
| 2025 | -35.6% | -21.7% |
| 2026 | -10.4% | +49.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BILL and PAYC 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 BILL and PAYC?
The BILL/PAYC correlation stands at 0.47 on a 3-year window (1 year: 0.55, 5 years: 0.52), computed from weekly returns as of 2026-08-27.
Is PAYC a good diversifier for BILL?
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?
On the −1 to +1 scale, 0.47 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bill-vs-payc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bill-vs-payc/)
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Related comparisons
Hubs: BILL correlations · PAYC correlations
