APEI vs STRA: Correlation
Measured on weekly returns over the past three years, American Public Education, Inc. (APEI) and Strategic Education, Inc. (STRA) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APEI and STRA?
Across a 3-year window, the weekly returns of APEI and STRA correlate at 0.41, moderate. The relationship has been stable: the 1-year correlation (0.45) sits close to the 3-year figure. Stretching to 5 years gives 0.35, with an annualized covariance of 719.9 %².
STRA is one of the assets that tracks APEI most closely: it ranks #3 out of the 12 assets we track against APEI. The last year tells two different stories: APEI led by 42.4 percentage points, +50.5% for APEI against +8.1% for STRA.
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 STRA: side by side
| APEI (American Public Education, Inc.) | STRA (Strategic Education, Inc.) | |
|---|---|---|
| 1-year return | +50.5% | +8.1% |
| 5-year return | +76.0% | +27.6% |
| Volatility (ann.) | 50.5% | 34.7% |
| Beta vs S&P 500 | 0.75 | 0.80 |
| Max drawdown (3Y) | -40.5% | -38.1% |
| Market cap | $0.8B | $1.9B |
| P/E (trailing) | 18.6 | 14.2 |
| Dividend yield | 0.00% | 2.81% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | APEI | STRA |
|---|---|---|
| 2022 | -44.8% | +40.4% |
| 2023 | -21.5% | +21.4% |
| 2024 | +123.5% | +3.5% |
| 2025 | +75.2% | -11.6% |
| 2026 | +22.0% | +8.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APEI and STRA good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between APEI and STRA?
The APEI/STRA correlation stands at 0.41 on a 3-year window (1 year: 0.45, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is STRA a good diversifier for APEI?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 mean?
A reading of 0.41 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/apei-vs-stra.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/apei-vs-stra/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: APEI correlations · STRA correlations
