PayPal Holdings, Inc. Common Stock (PYPL) — Stock Correlations & Overview
Over the past year, PYPL has moved most closely with PYPG, PYPY, IPAY. Explore the stocks most correlated and inversely correlated with PYPL below, along with its price, financials, and company profile.
Stocks correlated with PYPL
Correlation of daily returns. Higher positive values move with PYPL; negative values move opposite it. Informational only, not investment advice.
Most correlated with PYPL
| Symbol | Company | Correlation |
|---|---|---|
| PYPG | Leverage Shares 2X Long PYPL Daily ETF | 1.00 |
| PYPY | YieldMax PYPL Option Income Strategy ETF | 0.96 |
| IPAY | Amplify Digital Payments ETF | 0.63 |
| FINX | Global X Funds Global X FinTech ETF | 0.58 |
| FDFF | Fidelity Disruptive Finance ETF | 0.53 |
Most inversely correlated with PYPL
| Symbol | Company | Correlation |
|---|---|---|
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.43 |
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.40 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.35 |
| SKF | ProShares UltraShort Financials | -0.34 |
| CONI | GraniteShares ETF Trust GraniteShares 2x Short COIN Daily ETF | -0.33 |
Frequently asked questions about PYPL correlations
- Which stocks are most correlated with PYPL?
- Based on one year of daily returns, the stocks most correlated with PayPal Holdings, Inc. Common Stock (PYPL) are PYPG (1.00), PYPY (0.96) and IPAY (0.63). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with PYPL?
- Over the past year, the stocks most inversely correlated with PayPal Holdings, Inc. Common Stock (PYPL) are WEBS (-0.43), HDGE (-0.40) and SARK (-0.35). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these PYPL correlations calculated?
- We compute the correlation of daily returns between PYPL and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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