PAGS vs STNE: Correlation
PagSeguro Digital Ltd. Class A (PAGS) and StoneCo Ltd. - Class A Common Share (STNE) show a strong relationship: their 3-year correlation of weekly returns is 0.78.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PAGS and STNE?
On 3 years of weekly data the PAGS/STNE correlation comes out at 0.78, strong. Recent behaviour matches the longer record: 0.75 over 1 year against 0.78 over 3. The 5-year figure is 0.78, and annualized covariance runs at 1572.9 %².
In PAGS's tracked universe of 14 assets, STNE sits right near the top at #1. The last year tells two different stories: PAGS led by 32.9 percentage points, +5.6% for PAGS against -27.3% for STNE.
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.
PAGS vs STNE: side by side
| PAGS (PagSeguro Digital Ltd. Class A) | STNE (StoneCo Ltd. - Class A Common Share) | |
|---|---|---|
| 1-year return | +5.6% | -27.3% |
| 5-year return | -84.4% | -76.6% |
| Volatility (ann.) | 42.1% | 48.1% |
| Beta vs S&P 500 | 1.17 | 1.41 |
| Max drawdown (3Y) | -57.6% | -57.6% |
| Market cap | $2.5B | $2.2B |
| P/E (trailing) | 6.2 | 3.7 |
| Dividend yield | 14.99% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PAGS | STNE |
|---|---|---|
| 2022 | -66.7% | -44.0% |
| 2023 | +42.7% | +91.0% |
| 2024 | -49.8% | -55.8% |
| 2025 | +58.7% | +85.6% |
| 2026 | -5.1% | -21.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PAGS and STNE good diversifiers for each other?
Somewhat, no more. With 0.78 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between PAGS and STNE?
As of 2026-08-27, the correlation of weekly returns between PAGS and STNE is 0.78 over 3 years, 0.75 over 1 year and 0.78 over 5 years.
Is STNE a good diversifier for PAGS?
Somewhat, no more. With 0.78 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.78 mean?
A reading of 0.78 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/pags-vs-stne.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pags-vs-stne/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PAGS correlations · STNE correlations
