PAYC vs TRP: Correlation
Measured on weekly returns over the past three years, Paycom Software, Inc. (PAYC) and TC Energy Corporation (TRP) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PAYC and TRP?
Across a 3-year window, the weekly returns of PAYC and TRP correlate at -0.21, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.37) than the 3-year average (-0.21). Stretching to 5 years gives -0.04, with an annualized covariance of -194.9 %².
TRP is close to the least connected end of PAYC's tracked universe, ranking #13 of 17. Their recent paths diverged sharply: over the last 12 months TRP outperformed by 18.3 percentage points (+5.0% for PAYC against +23.3% for TRP). Risk is not evenly split, since PAYC carries 2.3 times the volatility of the other side.
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 TRP: side by side
| PAYC (Paycom Software, Inc.) | TRP (TC Energy Corporation) | |
|---|---|---|
| 1-year return | +5.0% | +23.3% |
| 5-year return | -50.2% | +67.2% |
| Volatility (ann.) | 46.9% | 20.0% |
| Beta vs S&P 500 | 0.72 | 0.16 |
| Max drawdown (3Y) | -60.8% | -12.8% |
| Market cap | $10.7B | – |
| P/E (trailing) | 25.1 | 24.5 |
| Dividend yield | 0.65% | 5.50% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PAYC | TRP |
|---|---|---|
| 2022 | -25.3% | -9.7% |
| 2023 | -33.1% | +4.7% |
| 2024 | -0.0% | +26.2% |
| 2025 | -21.7% | +21.2% |
| 2026 | +49.8% | +15.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PAYC and TRP good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between PAYC and TRP?
The PAYC/TRP correlation stands at -0.21 on a 3-year window (1 year: -0.37, 5 years: -0.04), computed from weekly returns as of 2026-08-27.
Is TRP a good diversifier for PAYC?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 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/payc-vs-trp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/payc-vs-trp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PAYC correlations · TRP correlations
