GPN vs USB: Correlation
Measured on weekly returns over the past three years, Global Payments (GPN) and U.S. Bancorp (USB) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GPN and USB?
Across a 3-year window, the weekly returns of GPN and USB correlate at 0.54, moderate. Recent behaviour matches the longer record: 0.47 over 1 year against 0.54 over 3. Stretching to 5 years gives 0.52, with an annualized covariance of 532.1 %².
By 3-year correlation, USB places #15 of the 39 assets tracked against GPN. The last year tells two different stories: USB led by 26.1 percentage points, +7.0% for GPN against +33.1% for USB. Stability stands out here, with the rolling one-year correlation confined to 0.42 through 0.65.
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 USB: side by side
| GPN (Global Payments) | USB (U.S. Bancorp) | |
|---|---|---|
| 1-year return | +7.0% | +33.1% |
| 5-year return | -39.6% | +36.0% |
| Volatility (ann.) | 35.9% | 27.3% |
| Beta vs S&P 500 | 1.22 | 1.09 |
| Max drawdown (3Y) | -54.0% | -30.6% |
| Market cap | $24.5B | $97.2B |
| P/E (trailing) | 44.0 | 12.5 |
| Dividend yield | 1.08% | 3.31% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | GPN | USB |
|---|---|---|
| 2022 | -25.9% | -19.1% |
| 2023 | +29.0% | +4.8% |
| 2024 | -11.0% | +15.6% |
| 2025 | -30.1% | +16.5% |
| 2026 | +20.7% | +19.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GPN and USB good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between GPN and USB?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.47 over the last year and 0.52 over 5 years.
Is USB a good diversifier for GPN?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 mean?
A reading of 0.54 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-usb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gpn-vs-usb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GPN correlations · USB correlations
