CPAY vs SYF: Correlation
Corpay (CPAY) and Synchrony Financial (SYF) 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 SYF?
On 3 years of weekly data the CPAY/SYF correlation comes out at 0.62, strong. The link has loosened recently: the 1-year correlation (0.41) runs below the 3-year figure (0.62). The 5-year figure is 0.58, and annualized covariance runs at 621.1 %².
Among the 32 assets we track against CPAY, SYF ranks #17 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CPAY outperformed by 16.8 percentage points (+24.1% for CPAY against +7.3% for SYF). The rolling one-year correlation moved between 0.39 and 0.84 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 SYF: side by side
| CPAY (Corpay) | SYF (Synchrony Financial) | |
|---|---|---|
| 1-year return | +24.1% | +7.3% |
| 5-year return | +55.2% | +81.0% |
| Volatility (ann.) | 31.7% | 31.6% |
| Beta vs S&P 500 | 1.22 | 1.28 |
| Max drawdown (3Y) | -34.5% | -37.7% |
| Market cap | $26.5B | $26.0B |
| P/E (trailing) | 24.7 | 8.2 |
| Dividend yield | 0.00% | 1.50% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | CPAY | SYF |
|---|---|---|
| 2022 | -17.9% | -27.4% |
| 2023 | +53.9% | +19.8% |
| 2024 | +19.7% | +74.0% |
| 2025 | -11.1% | +30.6% |
| 2026 | +34.1% | -3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPAY and SYF good diversifiers for each other?
Only partially. A correlation of 0.62 means CPAY and SYF 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 SYF?
As of 2026-08-27, the correlation of weekly returns between CPAY and SYF is 0.62 over 3 years, 0.41 over 1 year and 0.58 over 5 years.
Is SYF a good diversifier for CPAY?
Only partially. A correlation of 0.62 means CPAY and SYF 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
$ curl https://www.pairbook.io/api/v1/pairs/cpay-vs-syf.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cpay-vs-syf/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CPAY correlations · SYF correlations
