CWH vs RPAY: Correlation
Camping World Holdings, Inc. (CWH) and Repay Holdings Corporation (RPAY) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CWH and RPAY?
Across a 3-year window, the weekly returns of CWH and RPAY correlate at 0.50, moderate. The relationship has been stable: the 1-year correlation (0.48) sits close to the 3-year figure. Stretching to 5 years gives 0.39, with an annualized covariance of 1655.6 %².
By 3-year correlation, RPAY places #16 of the 28 assets tracked against CWH. Their recent paths diverged sharply: over the last 12 months RPAY outperformed by 27.3 percentage points (-63.0% for CWH against -35.7% for RPAY).
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.
CWH vs RPAY: side by side
| CWH (Camping World Holdings, Inc.) | RPAY (Repay Holdings Corporation) | |
|---|---|---|
| 1-year return | -63.0% | -35.7% |
| 5-year return | -79.9% | -83.6% |
| Volatility (ann.) | 60.7% | 54.1% |
| Beta vs S&P 500 | 2.02 | 1.37 |
| Max drawdown (3Y) | -79.1% | -78.3% |
| Market cap | $0.4B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 3.84% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CWH | RPAY |
|---|---|---|
| 2022 | -39.6% | -55.9% |
| 2023 | +25.1% | +6.1% |
| 2024 | -17.9% | -10.7% |
| 2025 | -52.2% | -52.2% |
| 2026 | -33.9% | +3.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CWH and RPAY good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CWH and RPAY?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.48 over the last year and 0.39 over 5 years.
Is RPAY a good diversifier for CWH?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cwh-vs-rpay.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cwh-vs-rpay/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CWH correlations · RPAY correlations
