GPN vs V: Correlation
Measured on weekly returns over the past three years, Global Payments (GPN) and Visa Inc. (V) carry a correlation of 0.59, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GPN and V?
Over the past 3 years, GPN and V moved with a correlation of 0.59, which is moderate. Recent behaviour matches the longer record: 0.66 over 1 year against 0.59 over 3. Over 5 years the correlation is 0.62, and the annualized covariance of weekly returns is 402.0 %².
Few assets follow GPN as closely as V, which ranks #3 of 39 tracked partners. Twelve-month performance is nearly a tie, at +7.0% for GPN and +9.2% for V. On a rolling one-year basis the correlation drifted between 0.26 and 0.71, a moderate band. Risk is not evenly split, since GPN carries 1.9 times the volatility of the other side.
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 V: side by side
| GPN (Global Payments) | V (Visa Inc.) | |
|---|---|---|
| 1-year return | +7.0% | +9.2% |
| 5-year return | -39.6% | +70.5% |
| Volatility (ann.) | 35.9% | 19.1% |
| Beta vs S&P 500 | 1.22 | 0.72 |
| Max drawdown (3Y) | -54.0% | -20.4% |
| Market cap | $24.5B | $708.8B |
| P/E (trailing) | 44.0 | 32.7 |
| Dividend yield | 1.08% | 0.70% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | GPN | V |
|---|---|---|
| 2022 | -25.9% | -3.4% |
| 2023 | +29.0% | +26.3% |
| 2024 | -11.0% | +22.3% |
| 2025 | -30.1% | +11.8% |
| 2026 | +20.7% | +8.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GPN and V good diversifiers for each other?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between GPN and V?
Using weekly returns as of 2026-08-27: 0.59 over 3 years, with 0.66 over the last year and 0.62 over 5 years.
Is V a good diversifier for GPN?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.59 mean?
A reading of 0.59 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: GPN correlations · V correlations
