PKE vs SIGI: Correlation
Measured on weekly returns over the past three years, Park Aerospace Corp. (PKE) and Selective Insurance Group, Inc. (SIGI) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PKE and SIGI?
On 3 years of weekly data the PKE/SIGI correlation comes out at 0.46, moderate. Recent behaviour matches the longer record: 0.43 over 1 year against 0.46 over 3. The 5-year figure is 0.41, and annualized covariance runs at 420.5 %².
Within PKE's tracked universe of 13 assets, SIGI comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months PKE outperformed by 57.0 percentage points (+76.1% for PKE against +19.1% for SIGI).
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.
PKE vs SIGI: side by side
| PKE (Park Aerospace Corp.) | SIGI (Selective Insurance Group, Inc.) | |
|---|---|---|
| 1-year return | +76.1% | +19.1% |
| 5-year return | +176.6% | +18.8% |
| Volatility (ann.) | 36.0% | 25.4% |
| Beta vs S&P 500 | 0.80 | 0.32 |
| Max drawdown (3Y) | -26.6% | -30.5% |
| Market cap | $0.7B | $5.5B |
| P/E (trailing) | 51.8 | 11.5 |
| Dividend yield | 1.52% | 1.81% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PKE | SIGI |
|---|---|---|
| 2022 | +4.9% | +9.7% |
| 2023 | +21.5% | +13.7% |
| 2024 | +3.2% | -4.6% |
| 2025 | +50.5% | -8.8% |
| 2026 | +54.9% | +11.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PKE and SIGI good diversifiers for each other?
Reasonably. At 0.46, PKE and SIGI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between PKE and SIGI?
The PKE/SIGI correlation stands at 0.46 on a 3-year window (1 year: 0.43, 5 years: 0.41), computed from weekly returns as of 2026-08-27.
Is SIGI a good diversifier for PKE?
Reasonably. At 0.46, PKE and SIGI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 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/pke-vs-sigi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pke-vs-sigi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PKE correlations · SIGI correlations
