BJ vs GPN: Correlation
BJ's Wholesale Club Holdings, Inc. (BJ) and Global Payments (GPN) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BJ and GPN?
Over the past 3 years, BJ and GPN moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.21) sits close to the 3-year figure. Over 5 years the correlation is 0.03, and the annualized covariance of weekly returns is -176.1 %².
Among the 43 assets we track against BJ, GPN ranks #16 by 3-year correlation. On 12-month performance GPN holds a 13.9-point edge, -6.9% against +7.0%.
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.
BJ vs GPN: side by side
| BJ (BJ's Wholesale Club Holdings, Inc.) | GPN (Global Payments) | |
|---|---|---|
| 1-year return | -6.9% | +7.0% |
| 5-year return | +59.5% | -39.6% |
| Volatility (ann.) | 26.4% | 35.9% |
| Beta vs S&P 500 | -0.14 | 1.22 |
| Max drawdown (3Y) | -30.1% | -54.0% |
| Market cap | $11.4B | $24.5B |
| P/E (trailing) | 20.4 | 44.0 |
| Dividend yield | 0.00% | 1.08% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | BJ | GPN |
|---|---|---|
| 2022 | -1.2% | -25.9% |
| 2023 | +0.8% | +29.0% |
| 2024 | +34.0% | -11.0% |
| 2025 | +0.8% | -30.1% |
| 2026 | +0.5% | +20.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BJ and GPN good diversifiers for each other?
Yes. With a correlation of -0.19, BJ and GPN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BJ and GPN?
As of 2026-08-27, the correlation of weekly returns between BJ and GPN is -0.19 over 3 years, -0.21 over 1 year and 0.03 over 5 years.
Is GPN a good diversifier for BJ?
Yes. With a correlation of -0.19, BJ and GPN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 mean?
A reading of -0.19 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/bj-vs-gpn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bj-vs-gpn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BJ correlations · GPN correlations
