APEI vs XBP: Correlation
Measured on weekly returns over the past three years, American Public Education, Inc. (APEI) and XBP Global Holdings, Inc. (XBP) carry a correlation of 0.32, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APEI and XBP?
Across a 3-year window, the weekly returns of APEI and XBP correlate at 0.32, moderate. The relationship has been stable: the 1-year correlation (0.29) sits close to the 3-year figure. Stretching to 5 years gives 0.21, with an annualized covariance of 2339.1 %².
Within APEI's tracked universe of 12 assets, XBP comes in at #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months APEI outperformed by 102.7 percentage points (+50.5% for APEI against -52.2% for XBP). One caveat on sizing: XBP is 2.9 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 XBP: side by side
| APEI (American Public Education, Inc.) | XBP (XBP Global Holdings, Inc.) | |
|---|---|---|
| 1-year return | +50.5% | -52.2% |
| 5-year return | +76.0% | -97.1% |
| Volatility (ann.) | 50.5% | 145.1% |
| Beta vs S&P 500 | 0.75 | -0.32 |
| Max drawdown (3Y) | -40.5% | -99.5% |
| Market cap | $0.8B | – |
| P/E (trailing) | 18.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | APEI | XBP |
|---|---|---|
| 2022 | -44.8% | +4.3% |
| 2023 | -21.5% | -49.1% |
| 2024 | +123.5% | -79.4% |
| 2025 | +75.2% | -37.5% |
| 2026 | +22.0% | -57.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APEI and XBP good diversifiers for each other?
Reasonably. At 0.32, APEI and XBP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between APEI and XBP?
The APEI/XBP correlation stands at 0.32 on a 3-year window (1 year: 0.29, 5 years: 0.21), computed from weekly returns as of 2026-08-27.
Is XBP a good diversifier for APEI?
Reasonably. At 0.32, APEI and XBP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.32 mean?
A reading of 0.32 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 · XBP correlations
