EVTC vs GPN: Correlation
How closely do Evertec, Inc. (EVTC) and Global Payments (GPN) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVTC and GPN?
On 3 years of weekly data the EVTC/GPN correlation comes out at 0.47, moderate. Little has changed lately, as the 1-year reading of 0.48 lands near the 3-year figure. The 5-year figure is 0.49, and annualized covariance runs at 531.8 %².
GPN is one of the assets that tracks EVTC most closely: it ranks #3 out of the 10 assets we track against EVTC. Their recent paths diverged sharply: over the last 12 months GPN outperformed by 25.7 percentage points (-18.7% for EVTC against +7.0% for GPN).
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.
EVTC vs GPN: side by side
| EVTC (Evertec, Inc.) | GPN (Global Payments) | |
|---|---|---|
| 1-year return | -18.7% | +7.0% |
| 5-year return | -34.3% | -39.6% |
| Volatility (ann.) | 31.3% | 35.9% |
| Beta vs S&P 500 | 0.68 | 1.22 |
| Max drawdown (3Y) | -46.4% | -54.0% |
| Market cap | $1.8B | $24.5B |
| P/E (trailing) | 19.4 | 44.0 |
| Dividend yield | 0.67% | 1.08% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | EVTC | GPN |
|---|---|---|
| 2022 | -34.9% | -25.9% |
| 2023 | +27.1% | +29.0% |
| 2024 | -15.2% | -11.0% |
| 2025 | -15.4% | -30.1% |
| 2026 | +1.9% | +20.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVTC and GPN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between EVTC and GPN?
As of 2026-08-27, the correlation of weekly returns between EVTC and GPN is 0.47 over 3 years, 0.48 over 1 year and 0.49 over 5 years.
Is GPN a good diversifier for EVTC?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: EVTC correlations · GPN correlations
