EDTK vs PECO: Correlation
Measured on weekly returns over the past three years, Skillful Craftsman Education Technology Limited (EDTK) and Phillips Edison & Company, Inc. (PECO) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EDTK and PECO?
Over the past 3 years, EDTK and PECO moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.26) sits close to the 3-year figure. Over 5 years the correlation is -0.11, and the annualized covariance of weekly returns is -162.4 %².
Among the 16 assets we track against EDTK, PECO sits near the bottom by co-movement, at rank #13. Their recent paths diverged sharply: over the last 12 months PECO outperformed by 35.2 percentage points (-18.2% for EDTK against +17.0% for PECO). One caveat on sizing: EDTK is 2.6 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.
EDTK vs PECO: side by side
| EDTK (Skillful Craftsman Education Technology Limited) | PECO (Phillips Edison & Company, Inc.) | |
|---|---|---|
| 1-year return | -18.2% | +17.0% |
| 5-year return | -41.9% | +53.8% |
| Volatility (ann.) | 45.4% | 17.2% |
| Beta vs S&P 500 | -0.09 | 0.28 |
| Max drawdown (3Y) | -35.4% | -15.8% |
| Market cap | – | $5.5B |
| P/E (trailing) | – | 34.4 |
| Dividend yield | 0.00% | 3.25% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EDTK | PECO |
|---|---|---|
| 2022 | +52.4% | -0.3% |
| 2023 | -12.5% | +18.5% |
| 2024 | -19.8% | +6.2% |
| 2025 | -10.9% | -1.6% |
| 2026 | +0.0% | +12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EDTK and PECO good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between EDTK and PECO?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.26 over the last year and -0.11 over 5 years.
Is PECO a good diversifier for EDTK?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
A reading of -0.21 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/edtk-vs-peco.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/edtk-vs-peco/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EDTK correlations · PECO correlations
