FISV vs GPN: Correlation
How closely do Fiserv (FISV) and Global Payments (GPN) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FISV and GPN?
Over the past 3 years, FISV and GPN moved with a correlation of 0.45, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.58 versus 0.45 over 3 years. Over 5 years the correlation is 0.51, and the annualized covariance of weekly returns is 638.6 %².
Among the 39 assets we track against FISV, GPN ranks #9 by 3-year correlation. The last year tells two different stories: GPN led by 68.9 percentage points, -61.9% for FISV against +7.0% for GPN. Across three years, the rolling one-year figure varied moderately, from 0.23 to 0.69.
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.
FISV vs GPN: side by side
| FISV (Fiserv) | GPN (Global Payments) | |
|---|---|---|
| 1-year return | -61.9% | +7.0% |
| 5-year return | -55.0% | -39.6% |
| Volatility (ann.) | 39.2% | 35.9% |
| Beta vs S&P 500 | 0.58 | 1.22 |
| Max drawdown (3Y) | -80.2% | -54.0% |
| Market cap | $28.0B | $24.5B |
| P/E (trailing) | 10.1 | 44.0 |
| Dividend yield | 0.00% | 1.08% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | FISV | GPN |
|---|---|---|
| 2022 | -2.6% | -25.9% |
| 2023 | +31.4% | +29.0% |
| 2024 | +54.6% | -11.0% |
| 2025 | -67.3% | -30.1% |
| 2026 | -21.7% | +20.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FISV and GPN good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FISV and GPN?
As of 2026-08-27, the correlation of weekly returns between FISV and GPN is 0.45 over 3 years, 0.58 over 1 year and 0.51 over 5 years.
Is GPN a good diversifier for FISV?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
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Related comparisons
Hubs: FISV correlations · GPN correlations
