CPAY vs RF: Correlation
Corpay (CPAY) and Regions Financial Corporation (RF) show a strong relationship: their 3-year correlation of weekly returns is 0.62.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPAY and RF?
Across a 3-year window, the weekly returns of CPAY and RF correlate at 0.62, strong. The past 12 months show a weaker link (0.45) than the 3-year average (0.62). Stretching to 5 years gives 0.57, with an annualized covariance of 572.8 %².
Within CPAY's tracked universe of 32 assets, RF comes in at #14 by 3-year correlation. On 12-month performance CPAY holds a 8.7-point edge, +24.1% against +15.4%. Across three years, the rolling one-year figure varied moderately, from 0.44 to 0.86.
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 RF: side by side
| CPAY (Corpay) | RF (Regions Financial Corporation) | |
|---|---|---|
| 1-year return | +24.1% | +15.4% |
| 5-year return | +55.2% | +83.5% |
| Volatility (ann.) | 31.7% | 29.2% |
| Beta vs S&P 500 | 1.22 | 1.09 |
| Max drawdown (3Y) | -34.5% | -31.9% |
| Market cap | $26.5B | $25.9B |
| P/E (trailing) | 24.7 | 12.4 |
| Dividend yield | 0.00% | 3.45% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | CPAY | RF |
|---|---|---|
| 2022 | -17.9% | +2.3% |
| 2023 | +53.9% | -5.7% |
| 2024 | +19.7% | +27.0% |
| 2025 | -11.1% | +20.2% |
| 2026 | +34.1% | +14.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPAY and RF good diversifiers for each other?
Only partially. A correlation of 0.62 means CPAY and RF share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CPAY and RF?
The CPAY/RF correlation stands at 0.62 on a 3-year window (1 year: 0.45, 5 years: 0.57), computed from weekly returns as of 2026-08-27.
Is RF a good diversifier for CPAY?
Only partially. A correlation of 0.62 means CPAY and RF share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.62 mean?
A reading of 0.62 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
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Related comparisons
Hubs: CPAY correlations · RF correlations
