APEI vs LOPE: Correlation
American Public Education, Inc. (APEI) and Grand Canyon Education, Inc. (LOPE) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APEI and LOPE?
Over the past 3 years, APEI and LOPE moved with a correlation of 0.41, which is moderate. The past 12 months show a tighter link (0.51) than the 3-year average (0.41). Over 5 years the correlation is 0.34, and the annualized covariance of weekly returns is 666.5 %².
LOPE is one of the assets that tracks APEI most closely: it ranks #2 out of the 12 assets we track against APEI. The last year tells two different stories: APEI led by 76.7 percentage points, +50.5% for APEI against -26.2% for LOPE. One caveat on sizing: APEI 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.
APEI vs LOPE: side by side
| APEI (American Public Education, Inc.) | LOPE (Grand Canyon Education, Inc.) | |
|---|---|---|
| 1-year return | +50.5% | -26.2% |
| 5-year return | +76.0% | +69.3% |
| Volatility (ann.) | 50.5% | 32.2% |
| Beta vs S&P 500 | 0.75 | 0.86 |
| Max drawdown (3Y) | -40.5% | -38.0% |
| Market cap | $0.8B | $3.9B |
| P/E (trailing) | 18.6 | 18.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | APEI | LOPE |
|---|---|---|
| 2022 | -44.8% | +23.3% |
| 2023 | -21.5% | +25.0% |
| 2024 | +123.5% | +24.1% |
| 2025 | +75.2% | +1.5% |
| 2026 | +22.0% | -9.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APEI and LOPE good diversifiers for each other?
Reasonably. At 0.41, APEI and LOPE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between APEI and LOPE?
The APEI/LOPE correlation stands at 0.41 on a 3-year window (1 year: 0.51, 5 years: 0.34), computed from weekly returns as of 2026-08-27.
Is LOPE a good diversifier for APEI?
Reasonably. At 0.41, APEI and LOPE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 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/apei-vs-lope.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/apei-vs-lope/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: APEI correlations · LOPE correlations
