DIA vs GPN: Correlation
Measured on weekly returns over the past three years, SPDR Dow Jones Industrial Average ETF (DIA) and Global Payments (GPN) carry a correlation of 0.59, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DIA and GPN?
Across a 3-year window, the weekly returns of DIA and GPN correlate at 0.59, moderate. The past 12 months show a weaker link (0.44) than the 3-year average (0.59). Stretching to 5 years gives 0.57, with an annualized covariance of 275.2 %².
By 3-year correlation, GPN places #65 of the 116 assets tracked against DIA. On 12-month performance DIA holds a 12.2-point edge, +19.2% against +7.0%. On a rolling one-year basis the correlation drifted between 0.43 and 0.73, a moderate band. Risk is not evenly split, since GPN carries 2.8 times the volatility of the other side.
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.
DIA vs GPN: side by side
| DIA (SPDR Dow Jones Industrial Average ETF) | GPN (Global Payments) | |
|---|---|---|
| 1-year return | +19.2% | +7.0% |
| 5-year return | +64.8% | -39.6% |
| Volatility (ann.) | 13.0% | 35.9% |
| Beta vs S&P 500 | 0.79 | 1.22 |
| Max drawdown (3Y) | -16.0% | -54.0% |
| Market cap | – | $24.5B |
| P/E (trailing) | – | 44.0 |
| Dividend yield | 1.37% | 1.08% |
| Expense ratio | 0.16% | – |
| Assets under management | $45.2B | – |
| Sector / category | ETF · US Large Cap | Financials |
DIA is a Large Value fund from State Street Investment Management: $45.2B under management, 30 holdings, a 0.16% expense ratio, a 1.37% trailing dividend yield.
Year-by-year returns
| Year | DIA | GPN |
|---|---|---|
| 2022 | -7.0% | -25.9% |
| 2023 | +16.0% | +29.0% |
| 2024 | +14.8% | -11.0% |
| 2025 | +14.7% | -30.1% |
| 2026 | +12.3% | +20.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DIA and GPN good diversifiers for each other?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DIA and GPN?
As of 2026-08-27, the correlation of weekly returns between DIA and GPN is 0.59 over 3 years, 0.44 over 1 year and 0.57 over 5 years.
Is GPN a good diversifier for DIA?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.59 mean?
A reading of 0.59 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/dia-vs-gpn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dia-vs-gpn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DIA correlations · GPN correlations
