GEN vs PAYX: Correlation
Gen Digital (GEN) and Paychex (PAYX) 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 GEN and PAYX?
Over the past 3 years, GEN and PAYX moved with a correlation of 0.50, which is moderate. The past 12 months show a tighter link (0.61) than the 3-year average (0.50). Over 5 years the correlation is 0.46, and the annualized covariance of weekly returns is 341.0 %².
Within GEN's tracked universe of 36 assets, PAYX comes in at #9 by 3-year correlation. The trailing year gives GEN the advantage: +1.2% versus -4.8%, a 6.0-point spread. Across three years, the rolling one-year figure varied moderately, from 0.29 to 0.60.
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.
GEN vs PAYX: side by side
| GEN (Gen Digital) | PAYX (Paychex) | |
|---|---|---|
| 1-year return | +1.2% | -4.8% |
| 5-year return | +26.3% | +29.0% |
| Volatility (ann.) | 31.7% | 21.3% |
| Beta vs S&P 500 | 1.02 | 0.47 |
| Max drawdown (3Y) | -43.6% | -45.0% |
| Market cap | $18.3B | $45.0B |
| P/E (trailing) | 17.3 | 25.5 |
| Dividend yield | 1.69% | 0.00% |
| Sector / category | Information Technology | Industrials |
Year-by-year returns
| Year | GEN | PAYX |
|---|---|---|
| 2022 | -15.8% | -13.2% |
| 2023 | +9.3% | +6.2% |
| 2024 | +22.4% | +21.3% |
| 2025 | +1.1% | -17.5% |
| 2026 | +13.9% | +16.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GEN and PAYX good diversifiers for each other?
Only partially. A correlation of 0.50 means GEN and PAYX 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 GEN and PAYX?
As of 2026-08-27, the correlation of weekly returns between GEN and PAYX is 0.50 over 3 years, 0.61 over 1 year and 0.46 over 5 years.
Is PAYX a good diversifier for GEN?
Only partially. A correlation of 0.50 means GEN and PAYX 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.
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Related comparisons
Hubs: GEN correlations · PAYX correlations
