APO vs PIPR: Correlation
Apollo Global Management (APO) and Piper Sandler Companies (PIPR) show a strong relationship: their 3-year correlation of weekly returns is 0.65.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APO and PIPR?
On 3 years of weekly data the APO/PIPR correlation comes out at 0.65, strong. Little has changed lately, as the 1-year reading of 0.56 lands near the 3-year figure. The 5-year figure is 0.63, and annualized covariance runs at 808.2 %².
By 3-year correlation, PIPR places #14 of the 33 assets tracked against APO. On 12-month performance APO holds a 9.1-point edge, -0.1% against -9.2%.
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.
APO vs PIPR: side by side
| APO (Apollo Global Management) | PIPR (Piper Sandler Companies) | |
|---|---|---|
| 1-year return | -0.1% | -9.2% |
| 5-year return | +149.7% | +143.0% |
| Volatility (ann.) | 36.8% | 33.6% |
| Beta vs S&P 500 | 1.62 | 1.35 |
| Max drawdown (3Y) | -42.8% | -38.8% |
| Market cap | $78.8B | $5.3B |
| P/E (trailing) | 47.5 | 17.3 |
| Dividend yield | 1.60% | 0.97% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | APO | PIPR |
|---|---|---|
| 2022 | -9.6% | -23.4% |
| 2023 | +49.4% | +37.8% |
| 2024 | +79.9% | +74.2% |
| 2025 | -11.1% | +15.5% |
| 2026 | -6.7% | -10.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APO and PIPR good diversifiers for each other?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between APO and PIPR?
Using weekly returns as of 2026-08-27: 0.65 over 3 years, with 0.56 over the last year and 0.63 over 5 years.
Is PIPR a good diversifier for APO?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.65 mean?
On the −1 to +1 scale, 0.65 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/apo-vs-pipr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/apo-vs-pipr/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: APO correlations · PIPR correlations
