CXW vs LOPE: Correlation
How closely do CoreCivic, Inc. (CXW) and Grand Canyon Education, Inc. (LOPE) trade together? Their weekly returns over three years give a correlation of 0.55, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CXW and LOPE?
Over the past 3 years, CXW and LOPE moved with a correlation of 0.55, which is moderate. The link has loosened recently: the 1-year correlation (0.32) runs below the 3-year figure (0.55). Over 5 years the correlation is 0.45, and the annualized covariance of weekly returns is 951.6 %².
Among the 12 assets we track against CXW, LOPE ranks #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CXW ahead by 90.7 points (+64.5% versus -26.2%). One caveat on sizing: CXW is 1.7 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.
CXW vs LOPE: side by side
| CXW (CoreCivic, Inc.) | LOPE (Grand Canyon Education, Inc.) | |
|---|---|---|
| 1-year return | +64.5% | -26.2% |
| 5-year return | +251.2% | +69.3% |
| Volatility (ann.) | 53.5% | 32.2% |
| Beta vs S&P 500 | 0.94 | 0.86 |
| Max drawdown (3Y) | -32.6% | -38.0% |
| Market cap | $3.3B | $3.9B |
| P/E (trailing) | 27.0 | 18.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CXW | LOPE |
|---|---|---|
| 2022 | +15.9% | +23.3% |
| 2023 | +25.7% | +25.0% |
| 2024 | +49.6% | +24.1% |
| 2025 | -12.1% | +1.5% |
| 2026 | +76.8% | -9.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CXW and LOPE good diversifiers for each other?
Only partially. A correlation of 0.55 means CXW and LOPE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CXW and LOPE?
As of 2026-08-27, the correlation of weekly returns between CXW and LOPE is 0.55 over 3 years, 0.32 over 1 year and 0.45 over 5 years.
Is LOPE a good diversifier for CXW?
Only partially. A correlation of 0.55 means CXW and LOPE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.55 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/cxw-vs-lope.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cxw-vs-lope/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CXW correlations · LOPE correlations
