PAYC vs PEG: Correlation
How closely do Paycom Software, Inc. (PAYC) and Public Service Enterprise Group (PEG) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PAYC and PEG?
Across a 3-year window, the weekly returns of PAYC and PEG correlate at -0.21, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.36) runs below the 3-year figure (-0.21). Stretching to 5 years gives 0.02, with an annualized covariance of -182.7 %².
Within PAYC's tracked universe of 17 assets, PEG comes in at #12 by 3-year correlation. On 12-month performance PAYC holds a 13.6-point edge, +5.0% against -8.6%. One caveat on sizing: PAYC is 2.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
PAYC vs PEG: side by side
| PAYC (Paycom Software, Inc.) | PEG (Public Service Enterprise Group) | |
|---|---|---|
| 1-year return | +5.0% | -8.6% |
| 5-year return | -50.2% | +34.9% |
| Volatility (ann.) | 46.9% | 18.9% |
| Beta vs S&P 500 | 0.72 | 0.25 |
| Max drawdown (3Y) | -60.8% | -18.8% |
| Market cap | $10.7B | $36.5B |
| P/E (trailing) | 25.1 | 18.4 |
| Dividend yield | 0.65% | 3.51% |
| Sector / category | US Listed | Utilities |
Year-by-year returns
| Year | PAYC | PEG |
|---|---|---|
| 2022 | -25.3% | -5.1% |
| 2023 | -33.1% | +3.6% |
| 2024 | -0.0% | +42.6% |
| 2025 | -21.7% | -1.9% |
| 2026 | +49.8% | -7.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PAYC and PEG good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PAYC and PEG?
The PAYC/PEG correlation stands at -0.21 on a 3-year window (1 year: -0.36, 5 years: 0.02), computed from weekly returns as of 2026-08-27.
Is PEG a good diversifier for PAYC?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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/payc-vs-peg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/payc-vs-peg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PAYC correlations · PEG correlations
