CLYM vs PRDO: Correlation
Measured on weekly returns over the past three years, Climb Bio, Inc. (CLYM) and Perdoceo Education Corporation (PRDO) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLYM and PRDO?
On 3 years of weekly data the CLYM/PRDO correlation comes out at 0.39, moderate. The link has loosened recently: the 1-year correlation (0.26) runs below the 3-year figure (0.39). The 5-year figure is 0.21, and annualized covariance runs at 1917.4 %².
Among the 12 assets we track against CLYM, PRDO ranks #4 by 3-year correlation. The last year tells two different stories: CLYM led by 554.2 percentage points, +559.1% for CLYM against +4.9% for PRDO. Note the risk asymmetry: CLYM runs 3.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CLYM vs PRDO: side by side
| CLYM (Climb Bio, Inc.) | PRDO (Perdoceo Education Corporation) | |
|---|---|---|
| 1-year return | +559.1% | +4.9% |
| 5-year return | -46.2% | +228.8% |
| Volatility (ann.) | 132.2% | 36.8% |
| Beta vs S&P 500 | 1.11 | 0.42 |
| Max drawdown (3Y) | -88.9% | -27.2% |
| Market cap | $0.9B | $2.1B |
| P/E (trailing) | – | 12.2 |
| Dividend yield | 0.00% | 1.85% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLYM | PRDO |
|---|---|---|
| 2022 | -64.9% | +18.2% |
| 2023 | -26.4% | +28.0% |
| 2024 | -33.3% | +54.0% |
| 2025 | +122.2% | +12.9% |
| 2026 | +276.5% | +16.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLYM and PRDO good diversifiers for each other?
Reasonably. At 0.39, CLYM and PRDO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CLYM and PRDO?
As of 2026-08-27, the correlation of weekly returns between CLYM and PRDO is 0.39 over 3 years, 0.26 over 1 year and 0.21 over 5 years.
Is PRDO a good diversifier for CLYM?
Reasonably. At 0.39, CLYM and PRDO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 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/clym-vs-prdo.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/clym-vs-prdo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CLYM correlations · PRDO correlations
