LSPD vs PYPL: Correlation
How closely do Lightspeed Commerce Inc. Subordinate Voting Shares (LSPD) and PayPal (PYPL) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LSPD and PYPL?
Over the past 3 years, LSPD and PYPL moved with a correlation of 0.51, which is moderate. Recent behaviour matches the longer record: 0.46 over 1 year against 0.51 over 3. Over 5 years the correlation is 0.54, and the annualized covariance of weekly returns is 913.9 %².
Among the 17 assets we track against LSPD, PYPL ranks #12 by 3-year correlation. Neither side won the trailing year by much: -11.6% against -11.0%.
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.
LSPD vs PYPL: side by side
| LSPD (Lightspeed Commerce Inc. Subordinate Voting Shares) | PYPL (PayPal) | |
|---|---|---|
| 1-year return | -11.6% | -11.0% |
| 5-year return | -90.0% | -78.5% |
| Volatility (ann.) | 48.1% | 37.1% |
| Beta vs S&P 500 | 1.83 | 1.15 |
| Max drawdown (3Y) | -62.7% | -57.3% |
| Market cap | $1.4B | $52.6B |
| P/E (trailing) | – | 11.7 |
| Dividend yield | 0.00% | 0.91% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | LSPD | PYPL |
|---|---|---|
| 2022 | -64.6% | -62.2% |
| 2023 | +46.8% | -13.8% |
| 2024 | -27.4% | +39.0% |
| 2025 | -20.7% | -31.4% |
| 2026 | -10.7% | +6.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LSPD and PYPL good diversifiers for each other?
Only partially. A correlation of 0.51 means LSPD and PYPL share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between LSPD and PYPL?
The LSPD/PYPL correlation stands at 0.51 on a 3-year window (1 year: 0.46, 5 years: 0.54), computed from weekly returns as of 2026-08-27.
Is PYPL a good diversifier for LSPD?
Only partially. A correlation of 0.51 means LSPD and PYPL share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 mean?
A reading of 0.51 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/lspd-vs-pypl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lspd-vs-pypl/)
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Related comparisons
Hubs: LSPD correlations · PYPL correlations
