CPAY vs GPN: Correlation
Corpay (CPAY) and Global Payments (GPN) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPAY and GPN?
Across a 3-year window, the weekly returns of CPAY and GPN correlate at 0.56, moderate. The relationship has been stable: the 1-year correlation (0.53) sits close to the 3-year figure. Stretching to 5 years gives 0.61, with an annualized covariance of 642.8 %².
Within CPAY's tracked universe of 32 assets, GPN comes in at #19 by 3-year correlation. The last year tells two different stories: CPAY led by 17.1 percentage points, +24.1% for CPAY against +7.0% for GPN. The rolling one-year correlation moved between 0.44 and 0.71 over the past three years, a moderate range.
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.
CPAY vs GPN: side by side
| CPAY (Corpay) | GPN (Global Payments) | |
|---|---|---|
| 1-year return | +24.1% | +7.0% |
| 5-year return | +55.2% | -39.6% |
| Volatility (ann.) | 31.7% | 35.9% |
| Beta vs S&P 500 | 1.22 | 1.22 |
| Max drawdown (3Y) | -34.5% | -54.0% |
| Market cap | $26.5B | $24.5B |
| P/E (trailing) | 24.7 | 44.0 |
| Dividend yield | 0.00% | 1.08% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | CPAY | GPN |
|---|---|---|
| 2022 | -17.9% | -25.9% |
| 2023 | +53.9% | +29.0% |
| 2024 | +19.7% | -11.0% |
| 2025 | -11.1% | -30.1% |
| 2026 | +34.1% | +20.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPAY and GPN good diversifiers for each other?
To a limited degree. At 0.56 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 CPAY and GPN?
Using weekly returns as of 2026-08-27: 0.56 over 3 years, with 0.53 over the last year and 0.61 over 5 years.
Is GPN a good diversifier for CPAY?
To a limited degree. At 0.56 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 0.56 mean?
A reading of 0.56 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/cpay-vs-gpn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cpay-vs-gpn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CPAY correlations · GPN correlations
