EVR vs PIPR: Correlation
How closely do Evercore Inc. (EVR) and Piper Sandler Companies (PIPR) trade together? Their weekly returns over three years give a correlation of 0.86, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVR and PIPR?
Across a 3-year window, the weekly returns of EVR and PIPR correlate at 0.86, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.84) sits close to the 3-year figure. Stretching to 5 years gives 0.79, with an annualized covariance of 1029.4 %².
PIPR is one of the assets that tracks EVR most closely: it ranks #1 out of the 22 assets we track against EVR. Twelve-month performance is nearly a tie, at -9.0% for EVR and -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.
EVR vs PIPR: side by side
| EVR (Evercore Inc.) | PIPR (Piper Sandler Companies) | |
|---|---|---|
| 1-year return | -9.0% | -9.2% |
| 5-year return | +125.5% | +143.0% |
| Volatility (ann.) | 35.8% | 33.6% |
| Beta vs S&P 500 | 1.64 | 1.35 |
| Max drawdown (3Y) | -47.9% | -38.8% |
| Market cap | $11.2B | $5.3B |
| P/E (trailing) | 16.4 | 17.3 |
| Dividend yield | 1.19% | 0.97% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EVR | PIPR |
|---|---|---|
| 2022 | -17.6% | -23.4% |
| 2023 | +60.6% | +37.8% |
| 2024 | +64.3% | +74.2% |
| 2025 | +24.3% | +15.5% |
| 2026 | -13.7% | -10.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVR and PIPR good diversifiers for each other?
No. With a correlation of 0.86, EVR and PIPR move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between EVR and PIPR?
As of 2026-08-27, the correlation of weekly returns between EVR and PIPR is 0.86 over 3 years, 0.84 over 1 year and 0.79 over 5 years.
Is PIPR a good diversifier for EVR?
No. With a correlation of 0.86, EVR and PIPR move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.86 mean?
A reading of 0.86 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: EVR correlations · PIPR correlations
