CPAY vs SOLV: Correlation
Corpay (CPAY) and Solventum (SOLV) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPAY and SOLV?
Across a 3-year window, the weekly returns of CPAY and SOLV correlate at 0.48, moderate. Little has changed lately, as the 1-year reading of 0.47 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of 478.0 %².
By 3-year correlation, SOLV places #21 of the 32 assets tracked against CPAY. Neither side won the trailing year by much: +24.1% against +24.7%. On a rolling one-year basis the correlation drifted between 0.36 and 0.66, a moderate band.
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 SOLV: side by side
| CPAY (Corpay) | SOLV (Solventum) | |
|---|---|---|
| 1-year return | +24.1% | +24.7% |
| 5-year return | +55.2% | n/a |
| Volatility (ann.) | 31.7% | 30.4% |
| Beta vs S&P 500 | 1.22 | 0.62 |
| Max drawdown (3Y) | -34.5% | -40.0% |
| Market cap | $26.5B | $15.5B |
| P/E (trailing) | 24.7 | 11.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Financials | Health Care |
Year-by-year returns
| Year | CPAY | SOLV |
|---|---|---|
| 2022 | -17.9% | – |
| 2023 | +53.9% | – |
| 2024 | +19.7% | – |
| 2025 | -11.1% | +20.0% |
| 2026 | +34.1% | +14.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPAY and SOLV good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CPAY and SOLV?
The CPAY/SOLV correlation stands at 0.48 on a 3-year window (1 year: 0.47, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SOLV a good diversifier for CPAY?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cpay-vs-solv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cpay-vs-solv/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CPAY correlations · SOLV correlations
