LOPE vs PRDO: Correlation
How closely do Grand Canyon Education, Inc. (LOPE) and Perdoceo Education Corporation (PRDO) trade together? Their weekly returns over three years give a correlation of 0.57, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LOPE and PRDO?
Over the past 3 years, LOPE and PRDO moved with a correlation of 0.57, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.82 versus 0.57 over 3 years. Over 5 years the correlation is 0.57, and the annualized covariance of weekly returns is 676.1 %².
PRDO is one of the assets that tracks LOPE most closely: it ranks #2 out of the 17 assets we track against LOPE. The last year tells two different stories: PRDO led by 31.1 percentage points, -26.2% for LOPE against +4.9% for PRDO.
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 PRDO: side by side
| LOPE (Grand Canyon Education, Inc.) | PRDO (Perdoceo Education Corporation) | |
|---|---|---|
| 1-year return | -26.2% | +4.9% |
| 5-year return | +69.3% | +228.8% |
| Volatility (ann.) | 32.2% | 36.8% |
| Beta vs S&P 500 | 0.86 | 0.42 |
| Max drawdown (3Y) | -38.0% | -27.2% |
| Market cap | $3.9B | $2.1B |
| P/E (trailing) | 18.0 | 12.2 |
| Dividend yield | 0.00% | 1.85% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LOPE | PRDO |
|---|---|---|
| 2022 | +23.3% | +18.2% |
| 2023 | +25.0% | +28.0% |
| 2024 | +24.1% | +54.0% |
| 2025 | +1.5% | +12.9% |
| 2026 | -9.7% | +16.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LOPE and PRDO good diversifiers for each other?
To a limited degree. At 0.57 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 PRDO?
As of 2026-08-27, the correlation of weekly returns between LOPE and PRDO is 0.57 over 3 years, 0.82 over 1 year and 0.57 over 5 years.
Is PRDO a good diversifier for LOPE?
To a limited degree. At 0.57 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 0.57 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/lope-vs-prdo.json
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[](https://www.pairbook.io/pair/lope-vs-prdo/)
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Related comparisons
Hubs: LOPE correlations · PRDO correlations
