GNE vs PAYS: Correlation
Measured on weekly returns over the past three years, Genie Energy Ltd. (GNE) and Paysign, Inc. (PAYS) carry a correlation of 0.32, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GNE and PAYS?
On 3 years of weekly data the GNE/PAYS correlation comes out at 0.32, moderate. Little has changed lately, as the 1-year reading of 0.26 lands near the 3-year figure. The 5-year figure is 0.18, and annualized covariance runs at 968.1 %².
Among the 10 assets we track against GNE, PAYS ranks #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PAYS ahead by 148.5 points (+0.7% versus +149.2%). Risk is not evenly split, since PAYS carries 2.2 times the volatility of the other side.
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.
GNE vs PAYS: side by side
| GNE (Genie Energy Ltd.) | PAYS (Paysign, Inc.) | |
|---|---|---|
| 1-year return | +0.7% | +149.2% |
| 5-year return | +155.5% | +430.6% |
| Volatility (ann.) | 37.4% | 81.0% |
| Beta vs S&P 500 | 0.18 | 1.60 |
| Max drawdown (3Y) | -55.5% | -64.6% |
| Market cap | $0.4B | $0.7B |
| P/E (trailing) | 13.4 | 50.6 |
| Dividend yield | 2.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GNE | PAYS |
|---|---|---|
| 2022 | +95.3% | +61.2% |
| 2023 | +177.3% | +8.5% |
| 2024 | -43.6% | +7.9% |
| 2025 | -9.9% | +70.5% |
| 2026 | +9.9% | +155.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GNE and PAYS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GNE and PAYS?
Using weekly returns as of 2026-08-27: 0.32 over 3 years, with 0.26 over the last year and 0.18 over 5 years.
Is PAYS a good diversifier for GNE?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.32 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/gne-vs-pays.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gne-vs-pays/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GNE correlations · PAYS correlations
