BJ vs PYPL: Correlation
How closely do BJ's Wholesale Club Holdings, Inc. (BJ) and PayPal (PYPL) trade together? Their weekly returns over three years give a correlation of -0.17, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BJ and PYPL?
Across a 3-year window, the weekly returns of BJ and PYPL correlate at -0.17, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.14 over 1 year against -0.17 over 3. Stretching to 5 years gives 0.01, with an annualized covariance of -162.1 %².
Among the 43 assets we track against BJ, PYPL ranks #13 by 3-year correlation. Neither side won the trailing year by much: -6.9% against -11.0%.
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 PYPL: side by side
| BJ (BJ's Wholesale Club Holdings, Inc.) | PYPL (PayPal) | |
|---|---|---|
| 1-year return | -6.9% | -11.0% |
| 5-year return | +59.5% | -78.5% |
| Volatility (ann.) | 26.4% | 37.1% |
| Beta vs S&P 500 | -0.14 | 1.15 |
| Max drawdown (3Y) | -30.1% | -57.3% |
| Market cap | $11.4B | $52.6B |
| P/E (trailing) | 20.4 | 11.7 |
| Dividend yield | 0.00% | 0.91% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | BJ | PYPL |
|---|---|---|
| 2022 | -1.2% | -62.2% |
| 2023 | +0.8% | -13.8% |
| 2024 | +34.0% | +39.0% |
| 2025 | +0.8% | -31.4% |
| 2026 | +0.5% | +6.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BJ and PYPL good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between BJ and PYPL?
As of 2026-08-27, the correlation of weekly returns between BJ and PYPL is -0.17 over 3 years, -0.14 over 1 year and 0.01 over 5 years.
Is PYPL a good diversifier for BJ?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
What does a correlation of -0.17 mean?
A reading of -0.17 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-pypl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bj-vs-pypl/)
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Related comparisons
Hubs: BJ correlations · PYPL correlations
