GPN vs NRT: Correlation
How closely do Global Payments (GPN) and North European Oil Royality Trust (NRT) trade together? Their weekly returns over three years give a correlation of -0.18, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GPN and NRT?
Over the past 3 years, GPN and NRT moved with a correlation of -0.18, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.11 lands near the 3-year figure. Over 5 years the correlation is -0.05, and the annualized covariance of weekly returns is -326.1 %².
By 3-year correlation, NRT places #33 of the 39 assets tracked against GPN. The last year tells two different stories: NRT led by 78.2 percentage points, +7.0% for GPN against +85.2% for NRT.
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 NRT: side by side
| GPN (Global Payments) | NRT (North European Oil Royality Trust) | |
|---|---|---|
| 1-year return | +7.0% | +85.2% |
| 5-year return | -39.6% | +131.5% |
| Volatility (ann.) | 35.9% | 51.6% |
| Beta vs S&P 500 | 1.22 | -0.42 |
| Max drawdown (3Y) | -54.0% | -66.1% |
| Market cap | $24.5B | $0.1B |
| P/E (trailing) | 44.0 | 8.4 |
| Dividend yield | 1.08% | 11.95% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | GPN | NRT |
|---|---|---|
| 2022 | -25.9% | +41.9% |
| 2023 | +29.0% | -46.5% |
| 2024 | -11.0% | -25.3% |
| 2025 | -30.1% | +88.4% |
| 2026 | +20.7% | +41.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GPN and NRT good diversifiers for each other?
Yes. With a correlation of -0.18, GPN and NRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GPN and NRT?
Using weekly returns as of 2026-08-27: -0.18 over 3 years, with -0.11 over the last year and -0.05 over 5 years.
Is NRT a good diversifier for GPN?
Yes. With a correlation of -0.18, GPN and NRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.18 mean?
A reading of -0.18 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-nrt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gpn-vs-nrt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GPN correlations · NRT correlations
