KKR vs PIPR: Correlation
Measured on weekly returns over the past three years, KKR & Co. (KKR) and Piper Sandler Companies (PIPR) carry a correlation of 0.69, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KKR and PIPR?
On 3 years of weekly data the KKR/PIPR correlation comes out at 0.69, strong. The link has loosened recently: the 1-year correlation (0.57) runs below the 3-year figure (0.69). The 5-year figure is 0.65, and annualized covariance runs at 869.7 %².
By 3-year correlation, PIPR places #14 of the 37 assets tracked against KKR. Over the last 12 months PIPR came out ahead by 12.4 percentage points (-21.6% against -9.2%).
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.
KKR vs PIPR: side by side
| KKR (KKR & Co.) | PIPR (Piper Sandler Companies) | |
|---|---|---|
| 1-year return | -21.6% | -9.2% |
| 5-year return | +77.3% | +143.0% |
| Volatility (ann.) | 37.8% | 33.6% |
| Beta vs S&P 500 | 1.76 | 1.35 |
| Max drawdown (3Y) | -49.4% | -38.8% |
| Market cap | $101.0B | $5.3B |
| P/E (trailing) | 34.7 | 17.3 |
| Dividend yield | 0.70% | 0.97% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | KKR | PIPR |
|---|---|---|
| 2022 | -37.0% | -23.4% |
| 2023 | +80.5% | +37.8% |
| 2024 | +79.6% | +74.2% |
| 2025 | -13.3% | +15.5% |
| 2026 | -13.8% | -10.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KKR and PIPR good diversifiers for each other?
Only partially. A correlation of 0.69 means KKR and PIPR 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 KKR and PIPR?
Using weekly returns as of 2026-08-27: 0.69 over 3 years, with 0.57 over the last year and 0.65 over 5 years.
Is PIPR a good diversifier for KKR?
Only partially. A correlation of 0.69 means KKR and PIPR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.69 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/kkr-vs-pipr.json
Markdown for the live badge, attribution link included:
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Related comparisons
Hubs: KKR correlations · PIPR correlations
