CLMB vs PIPR: Correlation
Measured on weekly returns over the past three years, Climb Global Solutions, Inc. (CLMB) and Piper Sandler Companies (PIPR) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLMB and PIPR?
Across a 3-year window, the weekly returns of CLMB and PIPR correlate at 0.46, moderate. The relationship has been stable: the 1-year correlation (0.51) sits close to the 3-year figure. Stretching to 5 years gives 0.36, with an annualized covariance of 702.1 %².
Among the 10 assets we track against CLMB, PIPR ranks #4 by 3-year correlation. Their 12-month results are close: -6.7% for CLMB against -9.2% for PIPR.
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.
CLMB vs PIPR: side by side
| CLMB (Climb Global Solutions, Inc.) | PIPR (Piper Sandler Companies) | |
|---|---|---|
| 1-year return | -6.7% | -9.2% |
| 5-year return | +361.0% | +143.0% |
| Volatility (ann.) | 45.3% | 33.6% |
| Beta vs S&P 500 | 1.04 | 1.35 |
| Max drawdown (3Y) | -53.4% | -38.8% |
| Market cap | $0.5B | $5.3B |
| P/E (trailing) | 25.0 | 17.3 |
| Dividend yield | 0.33% | 0.97% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLMB | PIPR |
|---|---|---|
| 2022 | -8.3% | -23.4% |
| 2023 | +76.6% | +37.8% |
| 2024 | +133.3% | +74.2% |
| 2025 | -18.4% | +15.5% |
| 2026 | +13.0% | -10.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLMB and PIPR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CLMB and PIPR?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.51 over the last year and 0.36 over 5 years.
Is PIPR a good diversifier for CLMB?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 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
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Related comparisons
Hubs: CLMB correlations · PIPR correlations
