FUL vs PAYS: Correlation
H. B. Fuller Company (FUL) and Paysign, Inc. (PAYS) 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 FUL and PAYS?
On 3 years of weekly data the FUL/PAYS correlation comes out at 0.50, moderate. The relationship has been stable: the 1-year correlation (0.52) sits close to the 3-year figure. The 5-year figure is 0.39, and annualized covariance runs at 1259.6 %².
Among the 16 assets we track against FUL, PAYS ranks #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months PAYS outperformed by 155.3 percentage points (-6.1% for FUL against +149.2% for PAYS). One caveat on sizing: PAYS is 2.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
FUL vs PAYS: side by side
| FUL (H. B. Fuller Company) | PAYS (Paysign, Inc.) | |
|---|---|---|
| 1-year return | -6.1% | +149.2% |
| 5-year return | -10.4% | +430.6% |
| Volatility (ann.) | 31.0% | 81.0% |
| Beta vs S&P 500 | 0.93 | 1.60 |
| Max drawdown (3Y) | -43.5% | -64.6% |
| Market cap | $3.1B | $0.7B |
| P/E (trailing) | 17.2 | 50.6 |
| Dividend yield | 1.64% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FUL | PAYS |
|---|---|---|
| 2022 | -10.6% | +61.2% |
| 2023 | +15.0% | +8.5% |
| 2024 | -16.2% | +7.9% |
| 2025 | -10.5% | +70.5% |
| 2026 | -3.0% | +155.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FUL and PAYS good diversifiers for each other?
Only partially. A correlation of 0.50 means FUL and PAYS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between FUL and PAYS?
As of 2026-08-27, the correlation of weekly returns between FUL and PAYS is 0.50 over 3 years, 0.52 over 1 year and 0.39 over 5 years.
Is PAYS a good diversifier for FUL?
Only partially. A correlation of 0.50 means FUL and PAYS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 mean?
On the −1 to +1 scale, 0.50 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
$ curl https://www.pairbook.io/api/v1/pairs/ful-vs-pays.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ful-vs-pays/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FUL correlations · PAYS correlations
