ABR vs PRAA: Correlation
How closely do Arbor Realty Trust (ABR) and PRA Group, Inc. (PRAA) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABR and PRAA?
On 3 years of weekly data the ABR/PRAA correlation comes out at 0.49, moderate. The relationship has been stable: the 1-year correlation (0.54) sits close to the 3-year figure. The 5-year figure is 0.38, and annualized covariance runs at 1092.4 %².
Within ABR's tracked universe of 12 assets, PRAA comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PRAA ahead by 64.4 points (-51.5% versus +12.9%). One caveat on sizing: PRAA is 1.7 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.
ABR vs PRAA: side by side
| ABR (Arbor Realty Trust) | PRAA (PRA Group, Inc.) | |
|---|---|---|
| 1-year return | -51.5% | +12.9% |
| 5-year return | -50.7% | -53.3% |
| Volatility (ann.) | 36.0% | 62.0% |
| Beta vs S&P 500 | 0.73 | 1.15 |
| Max drawdown (3Y) | -62.0% | -62.8% |
| Market cap | $1.0B | $0.7B |
| P/E (trailing) | 55.9 | – |
| Dividend yield | 18.58% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABR | PRAA |
|---|---|---|
| 2022 | -20.7% | -32.7% |
| 2023 | +29.7% | -22.4% |
| 2024 | +3.2% | -20.3% |
| 2025 | -36.7% | -15.3% |
| 2026 | -28.5% | +9.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABR and PRAA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ABR and PRAA?
As of 2026-08-27, the correlation of weekly returns between ABR and PRAA is 0.49 over 3 years, 0.54 over 1 year and 0.38 over 5 years.
Is PRAA a good diversifier for ABR?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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/abr-vs-praa.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/abr-vs-praa/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ABR correlations · PRAA correlations
