PRK vs QUAD: Correlation
Measured on weekly returns over the past three years, Park National Corporation (PRK) and Quad Graphics, Inc (QUAD) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PRK and QUAD?
Over the past 3 years, PRK and QUAD moved with a correlation of 0.49, which is moderate. The link has tightened recently: the 1-year correlation (0.67) runs above the 3-year figure (0.49). Over 5 years the correlation is 0.36, and the annualized covariance of weekly returns is 698.4 %².
By 3-year correlation, QUAD places #13 of the 19 assets tracked against PRK. The last year tells two different stories: QUAD led by 48.1 percentage points, +17.2% for PRK against +65.3% for QUAD. One caveat on sizing: QUAD is 1.8 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.
PRK vs QUAD: side by side
| PRK (Park National Corporation) | QUAD (Quad Graphics, Inc) | |
|---|---|---|
| 1-year return | +17.2% | +65.3% |
| 5-year return | +98.6% | +175.4% |
| Volatility (ann.) | 28.2% | 50.1% |
| Beta vs S&P 500 | 0.78 | 0.96 |
| Max drawdown (3Y) | -30.4% | -45.3% |
| Market cap | $3.6B | $0.5B |
| P/E (trailing) | 17.7 | 15.3 |
| Dividend yield | 2.18% | 3.50% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PRK | QUAD |
|---|---|---|
| 2022 | +6.1% | +2.0% |
| 2023 | -2.0% | +32.8% |
| 2024 | +33.0% | +33.6% |
| 2025 | -8.1% | -5.3% |
| 2026 | +32.6% | +66.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PRK and QUAD good diversifiers for each other?
Reasonably. At 0.49, PRK and QUAD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between PRK and QUAD?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.67 over the last year and 0.36 over 5 years.
Is QUAD a good diversifier for PRK?
Reasonably. At 0.49, PRK and QUAD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 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/prk-vs-quad.json
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Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PRK correlations · QUAD correlations
