BGC vs PIPR: Correlation
BGC Group, Inc. (BGC) and Piper Sandler Companies (PIPR) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BGC and PIPR?
On 3 years of weekly data the BGC/PIPR correlation comes out at 0.49, moderate. Little has changed lately, as the 1-year reading of 0.43 lands near the 3-year figure. The 5-year figure is 0.40, and annualized covariance runs at 556.7 %².
PIPR is one of the assets that tracks BGC most closely: it ranks #2 out of the 10 assets we track against BGC. Correlation aside, the last 12 months split them widely, with BGC ahead by 30.7 points (+21.5% versus -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.
BGC vs PIPR: side by side
| BGC (BGC Group, Inc.) | PIPR (Piper Sandler Companies) | |
|---|---|---|
| 1-year return | +21.5% | -9.2% |
| 5-year return | +146.1% | +143.0% |
| Volatility (ann.) | 34.0% | 33.6% |
| Beta vs S&P 500 | 0.90 | 1.35 |
| Max drawdown (3Y) | -34.5% | -38.8% |
| Market cap | $5.8B | $5.3B |
| P/E (trailing) | 29.5 | 17.3 |
| Dividend yield | 0.67% | 0.97% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BGC | PIPR |
|---|---|---|
| 2022 | -18.1% | -23.4% |
| 2023 | +93.0% | +37.8% |
| 2024 | +26.5% | +74.2% |
| 2025 | -0.6% | +15.5% |
| 2026 | +36.3% | -10.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BGC and PIPR good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BGC and PIPR?
As of 2026-08-27, the correlation of weekly returns between BGC and PIPR is 0.49 over 3 years, 0.43 over 1 year and 0.40 over 5 years.
Is PIPR a good diversifier for BGC?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 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/bgc-vs-pipr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bgc-vs-pipr/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BGC correlations · PIPR correlations
