LOPE vs OPLN: Correlation
Measured on weekly returns over the past three years, Grand Canyon Education, Inc. (LOPE) and OPENLANE, Inc. (OPLN) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LOPE and OPLN?
Across a 3-year window, the weekly returns of LOPE and OPLN correlate at 0.52, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.30 versus 0.52 over 3 years. Stretching to 5 years gives 0.43, with an annualized covariance of 559.7 %².
Among the 17 assets we track against LOPE, OPLN ranks #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months OPLN outperformed by 48.2 percentage points (-26.2% for LOPE against +22.0% for OPLN).
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.
LOPE vs OPLN: side by side
| LOPE (Grand Canyon Education, Inc.) | OPLN (OPENLANE, Inc.) | |
|---|---|---|
| 1-year return | -26.2% | +22.0% |
| 5-year return | +69.3% | +111.4% |
| Volatility (ann.) | 32.2% | 33.5% |
| Beta vs S&P 500 | 0.86 | 1.02 |
| Max drawdown (3Y) | -38.0% | -22.1% |
| Market cap | $3.9B | $4.3B |
| P/E (trailing) | 18.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LOPE | OPLN |
|---|---|---|
| 2022 | +23.3% | -16.5% |
| 2023 | +25.0% | +13.5% |
| 2024 | +24.1% | +34.0% |
| 2025 | +1.5% | +50.1% |
| 2026 | -9.7% | +19.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LOPE and OPLN good diversifiers for each other?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between LOPE and OPLN?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.30 over the last year and 0.43 over 5 years.
Is OPLN a good diversifier for LOPE?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.52 mean?
A reading of 0.52 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/lope-vs-opln.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lope-vs-opln/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LOPE correlations · OPLN correlations
