PYPL vs TROW: Correlation
PayPal (PYPL) and T. Rowe Price (TROW) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PYPL and TROW?
Over the past 3 years, PYPL and TROW moved with a correlation of 0.51, which is moderate. The past 12 months show a weaker link (0.37) than the 3-year average (0.51). Over 5 years the correlation is 0.58, and the annualized covariance of weekly returns is 442.4 %².
Among the 28 assets we track against PYPL, TROW ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TROW outperformed by 19.1 percentage points (-11.0% for PYPL against +8.1% for TROW). The rolling one-year correlation moved between 0.28 and 0.74 over the past three years, a moderate range. One caveat on sizing: PYPL is 1.6 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.
PYPL vs TROW: side by side
| PYPL (PayPal) | TROW (T. Rowe Price) | |
|---|---|---|
| 1-year return | -11.0% | +8.1% |
| 5-year return | -78.5% | -37.0% |
| Volatility (ann.) | 37.1% | 23.5% |
| Beta vs S&P 500 | 1.15 | 1.10 |
| Max drawdown (3Y) | -57.3% | -34.0% |
| Market cap | $52.6B | $24.0B |
| P/E (trailing) | 11.7 | 11.3 |
| Dividend yield | 0.91% | 4.57% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | PYPL | TROW |
|---|---|---|
| 2022 | -62.2% | -42.2% |
| 2023 | -13.8% | +3.4% |
| 2024 | +39.0% | +9.7% |
| 2025 | -31.4% | -4.7% |
| 2026 | +6.0% | +12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PYPL and TROW good diversifiers for each other?
Only partially. A correlation of 0.51 means PYPL and TROW share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between PYPL and TROW?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.37 over the last year and 0.58 over 5 years.
Is TROW a good diversifier for PYPL?
Only partially. A correlation of 0.51 means PYPL and TROW share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 mean?
A reading of 0.51 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/pypl-vs-trow.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/pypl-vs-trow/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PYPL correlations · TROW correlations
