CPAY vs PNC: Correlation
How closely do Corpay (CPAY) and PNC Financial Services (PNC) trade together? Their weekly returns over three years give a correlation of 0.61, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPAY and PNC?
Over the past 3 years, CPAY and PNC moved with a correlation of 0.61, which is strong. The link has loosened recently: the 1-year correlation (0.50) runs below the 3-year figure (0.61). Over 5 years the correlation is 0.55, and the annualized covariance of weekly returns is 494.1 %².
By 3-year correlation, PNC places #18 of the 32 assets tracked against CPAY. Neither side won the trailing year by much: +24.1% against +22.1%. The relationship is regime-dependent: the rolling one-year correlation swung between 0.24 and 0.80 over the past three years, so this pair behaves very differently depending on the market environment.
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 PNC: side by side
| CPAY (Corpay) | PNC (PNC Financial Services) | |
|---|---|---|
| 1-year return | +24.1% | +22.1% |
| 5-year return | +55.2% | +53.5% |
| Volatility (ann.) | 31.7% | 25.6% |
| Beta vs S&P 500 | 1.22 | 0.92 |
| Max drawdown (3Y) | -34.5% | -29.8% |
| Market cap | $26.5B | $97.1B |
| P/E (trailing) | 24.7 | 13.5 |
| Dividend yield | 0.00% | 2.78% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | CPAY | PNC |
|---|---|---|
| 2022 | -17.9% | -18.6% |
| 2023 | +53.9% | +2.7% |
| 2024 | +19.7% | +29.4% |
| 2025 | -11.1% | +12.2% |
| 2026 | +34.1% | +19.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPAY and PNC good diversifiers for each other?
To a limited degree. At 0.61 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 PNC?
As of 2026-08-27, the correlation of weekly returns between CPAY and PNC is 0.61 over 3 years, 0.50 over 1 year and 0.55 over 5 years.
Is PNC a good diversifier for CPAY?
To a limited degree. At 0.61 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 0.61 mean?
A reading of 0.61 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-pnc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cpay-vs-pnc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CPAY correlations · PNC correlations
