CHGG vs PAYS: Correlation
Chegg, Inc. (CHGG) and Paysign, Inc. (PAYS) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHGG and PAYS?
Across a 3-year window, the weekly returns of CHGG and PAYS correlate at 0.44, moderate. The past 12 months show a tighter link (0.58) than the 3-year average (0.44). Stretching to 5 years gives 0.33, with an annualized covariance of 3444.4 %².
By 3-year correlation, PAYS places #4 of the 10 assets tracked against CHGG. The last year tells two different stories: PAYS led by 188.5 percentage points, -39.3% for CHGG against +149.2% for PAYS.
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.
CHGG vs PAYS: side by side
| CHGG (Chegg, Inc.) | PAYS (Paysign, Inc.) | |
|---|---|---|
| 1-year return | -39.3% | +149.2% |
| 5-year return | -99.0% | +430.6% |
| Volatility (ann.) | 97.4% | 81.0% |
| Beta vs S&P 500 | 1.77 | 1.60 |
| Max drawdown (3Y) | -96.1% | -64.6% |
| Market cap | $0.1B | $0.7B |
| P/E (trailing) | – | 50.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CHGG | PAYS |
|---|---|---|
| 2022 | -17.7% | +61.2% |
| 2023 | -55.0% | +8.5% |
| 2024 | -85.8% | +7.9% |
| 2025 | -42.2% | +70.5% |
| 2026 | -13.8% | +155.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHGG and PAYS good diversifiers for each other?
Reasonably. At 0.44, CHGG and PAYS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CHGG and PAYS?
As of 2026-08-27, the correlation of weekly returns between CHGG and PAYS is 0.44 over 3 years, 0.58 over 1 year and 0.33 over 5 years.
Is PAYS a good diversifier for CHGG?
Reasonably. At 0.44, CHGG and PAYS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 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/chgg-vs-pays.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/chgg-vs-pays/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CHGG correlations · PAYS correlations
