GPN vs MTN: Correlation
Global Payments (GPN) and Vail Resorts, Inc. (MTN) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GPN and MTN?
Across a 3-year window, the weekly returns of GPN and MTN correlate at 0.45, moderate. Little has changed lately, as the 1-year reading of 0.47 lands near the 3-year figure. Stretching to 5 years gives 0.43, with an annualized covariance of 465.3 %².
By 3-year correlation, MTN places #25 of the 39 assets tracked against GPN. The trailing year gives GPN the advantage: +7.0% versus -5.4%, a 12.4-point spread.
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 MTN: side by side
| GPN (Global Payments) | MTN (Vail Resorts, Inc.) | |
|---|---|---|
| 1-year return | +7.0% | -5.4% |
| 5-year return | -39.6% | -41.0% |
| Volatility (ann.) | 35.9% | 29.1% |
| Beta vs S&P 500 | 1.22 | 0.68 |
| Max drawdown (3Y) | -54.0% | -45.7% |
| Market cap | $24.5B | $5.2B |
| P/E (trailing) | 44.0 | 32.1 |
| Dividend yield | 1.08% | 5.97% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | GPN | MTN |
|---|---|---|
| 2022 | -25.9% | -24.9% |
| 2023 | +29.0% | -7.1% |
| 2024 | -11.0% | -8.0% |
| 2025 | -30.1% | -24.9% |
| 2026 | +20.7% | +12.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GPN and MTN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GPN and MTN?
As of 2026-08-27, the correlation of weekly returns between GPN and MTN is 0.45 over 3 years, 0.47 over 1 year and 0.43 over 5 years.
Is MTN a good diversifier for GPN?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
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
$ curl https://www.pairbook.io/api/v1/pairs/gpn-vs-mtn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gpn-vs-mtn/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GPN correlations · MTN correlations
