PAYC vs VMD: Correlation
How closely do Paycom Software, Inc. (PAYC) and Viemed Healthcare, Inc. (VMD) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PAYC and VMD?
Over the past 3 years, PAYC and VMD moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.31 over 1 year against -0.22 over 3. Over 5 years the correlation is -0.06, and the annualized covariance of weekly returns is -426.4 %².
Out of 17 assets tracked against PAYC, VMD lands near the bottom at #14. Correlation aside, the last 12 months split them widely, with VMD ahead by 20.5 points (+5.0% versus +25.5%).
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 VMD: side by side
| PAYC (Paycom Software, Inc.) | VMD (Viemed Healthcare, Inc.) | |
|---|---|---|
| 1-year return | +5.0% | +25.5% |
| 5-year return | -50.2% | +43.9% |
| Volatility (ann.) | 46.9% | 40.5% |
| Beta vs S&P 500 | 0.72 | 0.73 |
| Max drawdown (3Y) | -60.8% | -40.6% |
| Market cap | $10.7B | $0.3B |
| P/E (trailing) | 25.1 | 25.7 |
| Dividend yield | 0.65% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PAYC | VMD |
|---|---|---|
| 2022 | -25.3% | +44.8% |
| 2023 | -33.1% | +3.8% |
| 2024 | -0.0% | +2.2% |
| 2025 | -21.7% | -7.4% |
| 2026 | +49.8% | +21.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PAYC and VMD good diversifiers for each other?
Yes. With a correlation of -0.22, PAYC and VMD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PAYC and VMD?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.31 over the last year and -0.06 over 5 years.
Is VMD a good diversifier for PAYC?
Yes. With a correlation of -0.22, PAYC and VMD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
A reading of -0.22 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/payc-vs-vmd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/payc-vs-vmd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PAYC correlations · VMD correlations
