PIPR vs PJT: Correlation
Piper Sandler Companies (PIPR) and PJT Partners Inc. (PJT) show a strong relationship: their 3-year correlation of weekly returns is 0.68.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PIPR and PJT?
Over the past 3 years, PIPR and PJT moved with a correlation of 0.68, which is strong. The past 12 months show a weaker link (0.52) than the 3-year average (0.68). Over 5 years the correlation is 0.64, and the annualized covariance of weekly returns is 671.0 %².
By 3-year correlation, PJT places #9 of the 23 assets tracked against PIPR. The trailing year gives PJT the advantage: -9.2% versus -1.2%, a 8.0-point spread.
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.
PIPR vs PJT: side by side
| PIPR (Piper Sandler Companies) | PJT (PJT Partners Inc.) | |
|---|---|---|
| 1-year return | -9.2% | -1.2% |
| 5-year return | +143.0% | +143.7% |
| Volatility (ann.) | 33.6% | 29.4% |
| Beta vs S&P 500 | 1.35 | 1.08 |
| Max drawdown (3Y) | -38.8% | -32.5% |
| Market cap | $5.3B | $7.6B |
| P/E (trailing) | 17.3 | 24.3 |
| Dividend yield | 0.97% | 0.57% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PIPR | PJT |
|---|---|---|
| 2022 | -23.4% | +0.9% |
| 2023 | +37.8% | +40.0% |
| 2024 | +74.2% | +56.2% |
| 2025 | +15.5% | +6.6% |
| 2026 | -10.2% | +7.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PIPR and PJT good diversifiers for each other?
Only partially. A correlation of 0.68 means PIPR and PJT 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 PIPR and PJT?
The PIPR/PJT correlation stands at 0.68 on a 3-year window (1 year: 0.52, 5 years: 0.64), computed from weekly returns as of 2026-08-27.
Is PJT a good diversifier for PIPR?
Only partially. A correlation of 0.68 means PIPR and PJT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.68 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/pipr-vs-pjt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pipr-vs-pjt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PIPR correlations · PJT correlations
