GPN vs RNG: Correlation
Global Payments (GPN) and RingCentral, Inc. (RNG) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GPN and RNG?
On 3 years of weekly data the GPN/RNG correlation comes out at 0.53, moderate. Little has changed lately, as the 1-year reading of 0.61 lands near the 3-year figure. The 5-year figure is 0.45, and annualized covariance runs at 987.2 %².
Among the 39 assets we track against GPN, RNG ranks #16 by 3-year correlation. Correlation aside, the last 12 months split them widely, with RNG ahead by 117.3 points (+7.0% versus +124.3%).
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 RNG: side by side
| GPN (Global Payments) | RNG (RingCentral, Inc.) | |
|---|---|---|
| 1-year return | +7.0% | +124.3% |
| 5-year return | -39.6% | -73.1% |
| Volatility (ann.) | 35.9% | 52.2% |
| Beta vs S&P 500 | 1.22 | 1.54 |
| Max drawdown (3Y) | -54.0% | -48.6% |
| Market cap | $24.5B | $5.7B |
| P/E (trailing) | 44.0 | 52.7 |
| Dividend yield | 1.08% | 0.23% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | GPN | RNG |
|---|---|---|
| 2022 | -25.9% | -81.1% |
| 2023 | +29.0% | -4.1% |
| 2024 | -11.0% | +3.1% |
| 2025 | -30.1% | -17.5% |
| 2026 | +20.7% | +138.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GPN and RNG good diversifiers for each other?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between GPN and RNG?
As of 2026-08-27, the correlation of weekly returns between GPN and RNG is 0.53 over 3 years, 0.61 over 1 year and 0.45 over 5 years.
Is RNG a good diversifier for GPN?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.53 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gpn-vs-rng.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gpn-vs-rng/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GPN correlations · RNG correlations
