GPN vs MA: Correlation
How closely do Global Payments (GPN) and Mastercard (MA) trade together? Their weekly returns over three years give a correlation of 0.56, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GPN and MA?
On 3 years of weekly data the GPN/MA correlation comes out at 0.56, moderate. Recent behaviour matches the longer record: 0.63 over 1 year against 0.56 over 3. The 5-year figure is 0.61, and annualized covariance runs at 390.8 %².
Within GPN's tracked universe of 39 assets, MA comes in at #9 by 3-year correlation. On 12-month performance GPN holds a 6.2-point edge, +7.0% against +0.8%. The rolling one-year correlation moved between 0.25 and 0.67 over the past three years, a moderate range. Risk is not evenly split, since GPN carries 1.9 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.
GPN vs MA: side by side
| GPN (Global Payments) | MA (Mastercard) | |
|---|---|---|
| 1-year return | +7.0% | +0.8% |
| 5-year return | -39.6% | +72.6% |
| Volatility (ann.) | 35.9% | 19.3% |
| Beta vs S&P 500 | 1.22 | 0.77 |
| Max drawdown (3Y) | -54.0% | -20.9% |
| Market cap | $24.5B | $518.4B |
| P/E (trailing) | 44.0 | 32.9 |
| Dividend yield | 1.08% | 0.56% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | GPN | MA |
|---|---|---|
| 2022 | -25.9% | -2.7% |
| 2023 | +29.0% | +23.4% |
| 2024 | -11.0% | +24.2% |
| 2025 | -30.1% | +9.0% |
| 2026 | +20.7% | +4.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GPN and MA good diversifiers for each other?
Only partially. A correlation of 0.56 means GPN and MA 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 GPN and MA?
Using weekly returns as of 2026-08-27: 0.56 over 3 years, with 0.63 over the last year and 0.61 over 5 years.
Is MA a good diversifier for GPN?
Only partially. A correlation of 0.56 means GPN and MA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.56 mean?
A reading of 0.56 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gpn-vs-ma.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gpn-vs-ma/)
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Related comparisons
Hubs: GPN correlations · MA correlations
