PRDO vs STRA: Correlation
How closely do Perdoceo Education Corporation (PRDO) and Strategic Education, Inc. (STRA) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PRDO and STRA?
Over the past 3 years, PRDO and STRA moved with a correlation of 0.50, which is moderate. The past 12 months show a tighter link (0.79) than the 3-year average (0.50). Over 5 years the correlation is 0.48, and the annualized covariance of weekly returns is 641.6 %².
Within PRDO's tracked universe of 14 assets, STRA comes in at #4 by 3-year correlation. Their 12-month results are close: +4.9% for PRDO 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.
PRDO vs STRA: side by side
| PRDO (Perdoceo Education Corporation) | STRA (Strategic Education, Inc.) | |
|---|---|---|
| 1-year return | +4.9% | +8.1% |
| 5-year return | +228.8% | +27.6% |
| Volatility (ann.) | 36.8% | 34.7% |
| Beta vs S&P 500 | 0.42 | 0.80 |
| Max drawdown (3Y) | -27.2% | -38.1% |
| Market cap | $2.1B | $1.9B |
| P/E (trailing) | 12.2 | 14.2 |
| Dividend yield | 1.85% | 2.81% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PRDO | STRA |
|---|---|---|
| 2022 | +18.2% | +40.4% |
| 2023 | +28.0% | +21.4% |
| 2024 | +54.0% | +3.5% |
| 2025 | +12.9% | -11.6% |
| 2026 | +16.3% | +8.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PRDO and STRA good diversifiers for each other?
Only partially. A correlation of 0.50 means PRDO and STRA 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 PRDO and STRA?
The PRDO/STRA correlation stands at 0.50 on a 3-year window (1 year: 0.79, 5 years: 0.48), computed from weekly returns as of 2026-08-27.
Is STRA a good diversifier for PRDO?
Only partially. A correlation of 0.50 means PRDO and STRA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 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/prdo-vs-stra.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/prdo-vs-stra/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PRDO correlations · STRA correlations
