GPN vs PAY: Correlation
Global Payments (GPN) and Paymentus Holdings, Inc. (PAY) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GPN and PAY?
Across a 3-year window, the weekly returns of GPN and PAY correlate at 0.46, moderate. Recent behaviour matches the longer record: 0.54 over 1 year against 0.46 over 3. Stretching to 5 years gives 0.41, with an annualized covariance of 932.9 %².
Among the 39 assets we track against GPN, PAY ranks #23 by 3-year correlation. Over the last 12 months GPN came out ahead by 13.8 percentage points (+7.0% against -6.8%). One caveat on sizing: PAY is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 PAY: side by side
| GPN (Global Payments) | PAY (Paymentus Holdings, Inc.) | |
|---|---|---|
| 1-year return | +7.0% | -6.8% |
| 5-year return | -39.6% | +38.6% |
| Volatility (ann.) | 35.9% | 57.0% |
| Beta vs S&P 500 | 1.22 | 1.24 |
| Max drawdown (3Y) | -54.0% | -49.3% |
| Market cap | $24.5B | $4.5B |
| P/E (trailing) | 44.0 | 60.4 |
| Dividend yield | 1.08% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | GPN | PAY |
|---|---|---|
| 2022 | -25.9% | -77.1% |
| 2023 | +29.0% | +123.1% |
| 2024 | -11.0% | +82.8% |
| 2025 | -30.1% | -3.3% |
| 2026 | +20.7% | +12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GPN and PAY good diversifiers for each other?
Reasonably. At 0.46, GPN and PAY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GPN and PAY?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.54 over the last year and 0.41 over 5 years.
Is PAY a good diversifier for GPN?
Reasonably. At 0.46, GPN and PAY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 mean?
A reading of 0.46 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-pay.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gpn-vs-pay/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GPN correlations · PAY correlations
