FIS vs GPN: Correlation
Fidelity National Information Services (FIS) and Global Payments (GPN) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FIS and GPN?
Over the past 3 years, FIS and GPN moved with a correlation of 0.46, which is moderate. The link has tightened recently: the 1-year correlation (0.63) runs above the 3-year figure (0.46). Over 5 years the correlation is 0.60, and the annualized covariance of weekly returns is 450.6 %².
Among the 33 assets we track against FIS, GPN ranks #14 by 3-year correlation. The last year tells two different stories: GPN led by 47.0 percentage points, -40.0% for FIS against +7.0% for GPN. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.14 to 0.77.
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.
FIS vs GPN: side by side
| FIS (Fidelity National Information Services) | GPN (Global Payments) | |
|---|---|---|
| 1-year return | -40.0% | +7.0% |
| 5-year return | -63.9% | -39.6% |
| Volatility (ann.) | 27.2% | 35.9% |
| Beta vs S&P 500 | 0.57 | 1.22 |
| Max drawdown (3Y) | -56.5% | -54.0% |
| Market cap | $20.9B | $24.5B |
| P/E (trailing) | 6.2 | 44.0 |
| Dividend yield | 4.13% | 1.08% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | FIS | GPN |
|---|---|---|
| 2022 | -36.5% | -25.9% |
| 2023 | -8.2% | +29.0% |
| 2024 | +37.0% | -11.0% |
| 2025 | -15.8% | -30.1% |
| 2026 | -37.8% | +20.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FIS and GPN good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FIS and GPN?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.63 over the last year and 0.60 over 5 years.
Is GPN a good diversifier for FIS?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 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/fis-vs-gpn.json
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[](https://www.pairbook.io/pair/fis-vs-gpn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FIS correlations · GPN correlations
