LOPE vs STRA: Correlation
Measured on weekly returns over the past three years, Grand Canyon Education, Inc. (LOPE) and Strategic Education, Inc. (STRA) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LOPE and STRA?
Over the past 3 years, LOPE and STRA moved with a correlation of 0.56, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.70 versus 0.56 over 3 years. Over 5 years the correlation is 0.55, and the annualized covariance of weekly returns is 629.7 %².
STRA is one of the assets that tracks LOPE most closely: it ranks #3 out of the 17 assets we track against LOPE. The last year tells two different stories: STRA led by 34.3 percentage points, -26.2% for LOPE against +8.1% for STRA.
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 STRA: side by side
| LOPE (Grand Canyon Education, Inc.) | STRA (Strategic Education, Inc.) | |
|---|---|---|
| 1-year return | -26.2% | +8.1% |
| 5-year return | +69.3% | +27.6% |
| Volatility (ann.) | 32.2% | 34.7% |
| Beta vs S&P 500 | 0.86 | 0.80 |
| Max drawdown (3Y) | -38.0% | -38.1% |
| Market cap | $3.9B | $1.9B |
| P/E (trailing) | 18.0 | 14.2 |
| Dividend yield | 0.00% | 2.81% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LOPE | STRA |
|---|---|---|
| 2022 | +23.3% | +40.4% |
| 2023 | +25.0% | +21.4% |
| 2024 | +24.1% | +3.5% |
| 2025 | +1.5% | -11.6% |
| 2026 | -9.7% | +8.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LOPE and STRA good diversifiers for each other?
To a limited degree. At 0.56 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 STRA?
The LOPE/STRA correlation stands at 0.56 on a 3-year window (1 year: 0.70, 5 years: 0.55), computed from weekly returns as of 2026-08-27.
Is STRA a good diversifier for LOPE?
To a limited degree. At 0.56 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 0.56 mean?
On the −1 to +1 scale, 0.56 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/lope-vs-stra.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lope-vs-stra/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LOPE correlations · STRA correlations
