PRDO vs VSTS: Correlation
How closely do Perdoceo Education Corporation (PRDO) and Vestis Corporation (VSTS) trade together? Their weekly returns over three years give a correlation of -0.30, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PRDO and VSTS?
Over the past 3 years, PRDO and VSTS moved with a correlation of -0.30, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.24 over 1 year against -0.30 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -671.8 %².
Out of 14 assets tracked against PRDO, VSTS lands near the bottom at #14. Correlation aside, the last 12 months split them widely, with VSTS ahead by 172.3 points (+4.9% versus +177.2%). One caveat on sizing: VSTS is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 VSTS: side by side
| PRDO (Perdoceo Education Corporation) | VSTS (Vestis Corporation) | |
|---|---|---|
| 1-year return | +4.9% | +177.2% |
| 5-year return | +228.8% | n/a |
| Volatility (ann.) | 36.8% | 61.1% |
| Beta vs S&P 500 | 0.42 | 0.98 |
| Max drawdown (3Y) | -27.2% | -81.6% |
| Market cap | $2.1B | $1.7B |
| P/E (trailing) | 12.2 | – |
| Dividend yield | 1.85% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PRDO | VSTS |
|---|---|---|
| 2022 | +18.2% | – |
| 2023 | +28.0% | – |
| 2024 | +54.0% | -27.2% |
| 2025 | +12.9% | -56.1% |
| 2026 | +16.3% | +91.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PRDO and VSTS good diversifiers for each other?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
FAQ
What is the correlation between PRDO and VSTS?
Using weekly returns as of 2026-08-27: -0.30 over 3 years, with -0.24 over the last year and n/a over 5 years.
Is VSTS a good diversifier for PRDO?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
What does a correlation of -0.30 mean?
A reading of -0.30 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: PRDO correlations · VSTS correlations
