PRDO vs UTI: Correlation
How closely do Perdoceo Education Corporation (PRDO) and Universal Technical Institute Inc (UTI) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PRDO and UTI?
On 3 years of weekly data the PRDO/UTI correlation comes out at 0.39, moderate. Recent behaviour matches the longer record: 0.46 over 1 year against 0.39 over 3. The 5-year figure is 0.38, and annualized covariance runs at 788.1 %².
By 3-year correlation, UTI places #8 of the 14 assets tracked against PRDO. The last year tells two different stories: PRDO led by 25.1 percentage points, +4.9% for PRDO against -20.2% for UTI.
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 UTI: side by side
| PRDO (Perdoceo Education Corporation) | UTI (Universal Technical Institute Inc) | |
|---|---|---|
| 1-year return | +4.9% | -20.2% |
| 5-year return | +228.8% | +211.1% |
| Volatility (ann.) | 36.8% | 54.6% |
| Beta vs S&P 500 | 0.42 | 0.64 |
| Max drawdown (3Y) | -27.2% | -57.8% |
| Market cap | $2.1B | $1.2B |
| P/E (trailing) | 12.2 | 36.0 |
| Dividend yield | 1.85% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PRDO | UTI |
|---|---|---|
| 2022 | +18.2% | -14.1% |
| 2023 | +28.0% | +86.3% |
| 2024 | +54.0% | +105.4% |
| 2025 | +12.9% | +1.6% |
| 2026 | +16.3% | -17.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PRDO and UTI good diversifiers for each other?
Reasonably. At 0.39, PRDO and UTI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between PRDO and UTI?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.46 over the last year and 0.38 over 5 years.
Is UTI a good diversifier for PRDO?
Reasonably. At 0.39, PRDO and UTI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 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-uti.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/prdo-vs-uti/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PRDO correlations · UTI correlations
