GPN vs RPAY: Correlation
Global Payments (GPN) and Repay Holdings Corporation (RPAY) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GPN and RPAY?
On 3 years of weekly data the GPN/RPAY correlation comes out at 0.47, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.61 versus 0.47 over 3 years. The 5-year figure is 0.45, and annualized covariance runs at 914.2 %².
Within GPN's tracked universe of 39 assets, RPAY comes in at #21 by 3-year correlation. Correlation aside, the last 12 months split them widely, with GPN ahead by 42.7 points (+7.0% versus -35.7%). Note the risk asymmetry: RPAY runs 1.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 RPAY: side by side
| GPN (Global Payments) | RPAY (Repay Holdings Corporation) | |
|---|---|---|
| 1-year return | +7.0% | -35.7% |
| 5-year return | -39.6% | -83.6% |
| Volatility (ann.) | 35.9% | 54.1% |
| Beta vs S&P 500 | 1.22 | 1.37 |
| Max drawdown (3Y) | -54.0% | -78.3% |
| Market cap | $24.5B | $0.3B |
| P/E (trailing) | 44.0 | – |
| Dividend yield | 1.08% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | GPN | RPAY |
|---|---|---|
| 2022 | -25.9% | -55.9% |
| 2023 | +29.0% | +6.1% |
| 2024 | -11.0% | -10.7% |
| 2025 | -30.1% | -52.2% |
| 2026 | +20.7% | +3.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GPN and RPAY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GPN and RPAY?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.61 over the last year and 0.45 over 5 years.
Is RPAY a good diversifier for GPN?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 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-rpay.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gpn-vs-rpay/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GPN correlations · RPAY correlations
