GPN vs PRGS: Correlation
Global Payments (GPN) and Progress Software Corporation (PRGS) 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 PRGS?
Over the past 3 years, GPN and PRGS moved with a correlation of 0.45, which is moderate. The link has tightened recently: the 1-year correlation (0.73) runs above the 3-year figure (0.45). Over 5 years the correlation is 0.41, and the annualized covariance of weekly returns is 620.2 %².
By 3-year correlation, PRGS places #26 of the 39 assets tracked against GPN. On 12-month performance GPN holds a 10.5-point edge, +7.0% against -3.5%.
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 PRGS: side by side
| GPN (Global Payments) | PRGS (Progress Software Corporation) | |
|---|---|---|
| 1-year return | +7.0% | -3.5% |
| 5-year return | -39.6% | +1.2% |
| Volatility (ann.) | 35.9% | 38.3% |
| Beta vs S&P 500 | 1.22 | 0.62 |
| Max drawdown (3Y) | -54.0% | -64.1% |
| Market cap | $24.5B | $1.9B |
| P/E (trailing) | 44.0 | 22.0 |
| Dividend yield | 1.08% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | GPN | PRGS |
|---|---|---|
| 2022 | -25.9% | +6.0% |
| 2023 | +29.0% | +8.9% |
| 2024 | -11.0% | +21.2% |
| 2025 | -30.1% | -34.1% |
| 2026 | +20.7% | +5.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GPN and PRGS 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 PRGS?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.73 over the last year and 0.41 over 5 years.
Is PRGS 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-prgs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gpn-vs-prgs/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GPN correlations · PRGS correlations
