MC vs PIPR: Correlation
Measured on weekly returns over the past three years, Moelis & Company (MC) and Piper Sandler Companies (PIPR) carry a correlation of 0.82, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MC and PIPR?
On 3 years of weekly data the MC/PIPR correlation comes out at 0.82, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.73) sits close to the 3-year figure. The 5-year figure is 0.76, and annualized covariance runs at 968.9 %².
PIPR is one of the assets that tracks MC most closely: it ranks #2 out of the 14 assets we track against MC. Over the last 12 months MC came out ahead by 7.7 percentage points (-1.5% 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.
MC vs PIPR: side by side
| MC (Moelis & Company) | PIPR (Piper Sandler Companies) | |
|---|---|---|
| 1-year return | -1.5% | -9.2% |
| 5-year return | +42.5% | +143.0% |
| Volatility (ann.) | 35.1% | 33.6% |
| Beta vs S&P 500 | 1.41 | 1.35 |
| Max drawdown (3Y) | -39.3% | -38.8% |
| Market cap | $5.1B | $5.3B |
| P/E (trailing) | 23.4 | 17.3 |
| Dividend yield | 3.87% | 0.97% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MC | PIPR |
|---|---|---|
| 2022 | -35.2% | -23.4% |
| 2023 | +54.9% | +37.8% |
| 2024 | +37.1% | +74.2% |
| 2025 | -3.1% | +15.5% |
| 2026 | +2.9% | -10.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MC and PIPR good diversifiers for each other?
No. With a correlation of 0.82, MC and PIPR move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between MC and PIPR?
The MC/PIPR correlation stands at 0.82 on a 3-year window (1 year: 0.73, 5 years: 0.76), computed from weekly returns as of 2026-08-27.
Is PIPR a good diversifier for MC?
No. With a correlation of 0.82, MC and PIPR move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.82 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/mc-vs-pipr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mc-vs-pipr/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MC correlations · PIPR correlations
