GPN vs WEN: Correlation
How closely do Global Payments (GPN) and Wendy's Company (The) (WEN) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GPN and WEN?
Across a 3-year window, the weekly returns of GPN and WEN correlate at 0.44, moderate. The relationship has been stable: the 1-year correlation (0.51) sits close to the 3-year figure. Stretching to 5 years gives 0.46, with an annualized covariance of 494.4 %².
Within GPN's tracked universe of 39 assets, WEN comes in at #27 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months GPN outperformed by 27.1 percentage points (+7.0% for GPN against -20.1% for WEN).
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 WEN: side by side
| GPN (Global Payments) | WEN (Wendy's Company (The)) | |
|---|---|---|
| 1-year return | +7.0% | -20.1% |
| 5-year return | -39.6% | -56.6% |
| Volatility (ann.) | 35.9% | 31.4% |
| Beta vs S&P 500 | 1.22 | 0.40 |
| Max drawdown (3Y) | -54.0% | -66.3% |
| Market cap | $24.5B | $1.5B |
| P/E (trailing) | 44.0 | 11.8 |
| Dividend yield | 1.08% | 6.19% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | GPN | WEN |
|---|---|---|
| 2022 | -25.9% | -2.8% |
| 2023 | +29.0% | -9.7% |
| 2024 | -11.0% | -11.4% |
| 2025 | -30.1% | -45.8% |
| 2026 | +20.7% | -2.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GPN and WEN good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GPN and WEN?
As of 2026-08-27, the correlation of weekly returns between GPN and WEN is 0.44 over 3 years, 0.51 over 1 year and 0.46 over 5 years.
Is WEN a good diversifier for GPN?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 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-wen.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gpn-vs-wen/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GPN correlations · WEN correlations
