KTB vs PAYO: Correlation
Measured on weekly returns over the past three years, Kontoor Brands, Inc. (KTB) and Payoneer Global Inc. (PAYO) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KTB and PAYO?
Over the past 3 years, KTB and PAYO moved with a correlation of 0.48, which is moderate. Little has changed lately, as the 1-year reading of 0.48 lands near the 3-year figure. Over 5 years the correlation is 0.43, and the annualized covariance of weekly returns is 1019.4 %².
Within KTB's tracked universe of 17 assets, PAYO comes in at #8 by 3-year correlation. Neither side won the trailing year by much: +0.9% against +5.0%.
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.
KTB vs PAYO: side by side
| KTB (Kontoor Brands, Inc.) | PAYO (Payoneer Global Inc.) | |
|---|---|---|
| 1-year return | +0.9% | +5.0% |
| 5-year return | +65.6% | -27.7% |
| Volatility (ann.) | 44.3% | 48.1% |
| Beta vs S&P 500 | 1.05 | 1.27 |
| Max drawdown (3Y) | -44.9% | -61.4% |
| Market cap | $4.2B | $2.4B |
| P/E (trailing) | 15.6 | 50.9 |
| Dividend yield | 2.73% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KTB | PAYO |
|---|---|---|
| 2022 | -18.3% | -25.6% |
| 2023 | +62.6% | -4.8% |
| 2024 | +40.7% | +92.7% |
| 2025 | -26.3% | -44.0% |
| 2026 | +27.1% | +26.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KTB and PAYO good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between KTB and PAYO?
The KTB/PAYO correlation stands at 0.48 on a 3-year window (1 year: 0.48, 5 years: 0.43), computed from weekly returns as of 2026-08-27.
Is PAYO a good diversifier for KTB?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 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/ktb-vs-payo.json
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[](https://www.pairbook.io/pair/ktb-vs-payo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KTB correlations · PAYO correlations
