APEI vs PRDO: Correlation
How closely do American Public Education, Inc. (APEI) and Perdoceo Education Corporation (PRDO) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APEI and PRDO?
Over the past 3 years, APEI and PRDO moved with a correlation of 0.40, which is moderate. The past 12 months show a tighter link (0.63) than the 3-year average (0.40). Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 753.2 %².
By 3-year correlation, PRDO places #5 of the 12 assets tracked against APEI. Correlation aside, the last 12 months split them widely, with APEI ahead by 45.6 points (+50.5% versus +4.9%).
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 PRDO: side by side
| APEI (American Public Education, Inc.) | PRDO (Perdoceo Education Corporation) | |
|---|---|---|
| 1-year return | +50.5% | +4.9% |
| 5-year return | +76.0% | +228.8% |
| Volatility (ann.) | 50.5% | 36.8% |
| Beta vs S&P 500 | 0.75 | 0.42 |
| Max drawdown (3Y) | -40.5% | -27.2% |
| Market cap | $0.8B | $2.1B |
| P/E (trailing) | 18.6 | 12.2 |
| Dividend yield | 0.00% | 1.85% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | APEI | PRDO |
|---|---|---|
| 2022 | -44.8% | +18.2% |
| 2023 | -21.5% | +28.0% |
| 2024 | +123.5% | +54.0% |
| 2025 | +75.2% | +12.9% |
| 2026 | +22.0% | +16.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APEI and PRDO good diversifiers for each other?
Reasonably. At 0.40, APEI and PRDO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between APEI and PRDO?
The APEI/PRDO correlation stands at 0.40 on a 3-year window (1 year: 0.63, 5 years: 0.37), computed from weekly returns as of 2026-08-27.
Is PRDO a good diversifier for APEI?
Reasonably. At 0.40, APEI and PRDO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 mean?
A reading of 0.40 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: APEI correlations · PRDO correlations
