MCO vs PYPL: Correlation
Moody's Corporation (MCO) and PayPal (PYPL) show a moderate relationship: their 3-year correlation of weekly returns is 0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MCO and PYPL?
Over the past 3 years, MCO and PYPL moved with a correlation of 0.54, which is moderate. Recent behaviour matches the longer record: 0.59 over 1 year against 0.54 over 3. Over 5 years the correlation is 0.56, and the annualized covariance of weekly returns is 511.0 %².
Within MCO's tracked universe of 53 assets, PYPL comes in at #24 by 3-year correlation. Over the last 12 months MCO came out ahead by 11.7 percentage points (+0.7% against -11.0%). The relationship is regime-dependent: the rolling one-year correlation swung between 0.19 and 0.71 over the past three years, so this pair behaves very differently depending on the market environment.
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.
MCO vs PYPL: side by side
| MCO (Moody's Corporation) | PYPL (PayPal) | |
|---|---|---|
| 1-year return | +0.7% | -11.0% |
| 5-year return | +39.4% | -78.5% |
| Volatility (ann.) | 25.8% | 37.1% |
| Beta vs S&P 500 | 1.08 | 1.15 |
| Max drawdown (3Y) | -24.7% | -57.3% |
| Market cap | $88.2B | $52.6B |
| P/E (trailing) | 32.7 | 11.7 |
| Dividend yield | 0.77% | 0.91% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | MCO | PYPL |
|---|---|---|
| 2022 | -28.0% | -62.2% |
| 2023 | +41.5% | -13.8% |
| 2024 | +22.2% | +39.0% |
| 2025 | +8.7% | -31.4% |
| 2026 | +0.3% | +6.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MCO and PYPL 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 MCO and PYPL?
As of 2026-08-27, the correlation of weekly returns between MCO and PYPL is 0.54 over 3 years, 0.59 over 1 year and 0.56 over 5 years.
Is PYPL a good diversifier for MCO?
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?
On the −1 to +1 scale, 0.54 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/mco-vs-pypl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mco-vs-pypl/)
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Related comparisons
Hubs: MCO correlations · PYPL correlations
