SIEB vs TPG: Correlation
How closely do Siebert Financial Corp. (SIEB) and TPG Inc. (TPG) trade together? Their weekly returns over three years give a correlation of 0.34, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SIEB and TPG?
Over the past 3 years, SIEB and TPG moved with a correlation of 0.34, which is moderate. Little has changed lately, as the 1-year reading of 0.41 lands near the 3-year figure. Over 5 years the correlation is 0.28, and the annualized covariance of weekly returns is 724.9 %².
TPG is one of the assets that tracks SIEB most closely: it ranks #3 out of the 14 assets we track against SIEB. Correlation aside, the last 12 months split them widely, with TPG ahead by 20.5 points (-28.6% versus -8.1%). One caveat on sizing: SIEB is 1.5 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.
SIEB vs TPG: side by side
| SIEB (Siebert Financial Corp.) | TPG (TPG Inc.) | |
|---|---|---|
| 1-year return | -28.6% | -8.1% |
| 5-year return | -48.4% | +91.2% |
| Volatility (ann.) | 56.9% | 37.6% |
| Beta vs S&P 500 | 0.90 | 1.62 |
| Max drawdown (3Y) | -70.6% | -44.8% |
| Market cap | $0.1B | $21.1B |
| P/E (trailing) | – | 78.2 |
| Dividend yield | 0.00% | 4.24% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SIEB | TPG |
|---|---|---|
| 2022 | -41.4% | – |
| 2023 | +23.5% | +62.4% |
| 2024 | +88.1% | +50.6% |
| 2025 | +11.1% | +5.1% |
| 2026 | -43.9% | -12.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SIEB and TPG good diversifiers for each other?
Reasonably. At 0.34, SIEB and TPG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between SIEB and TPG?
Using weekly returns as of 2026-08-27: 0.34 over 3 years, with 0.41 over the last year and 0.28 over 5 years.
Is TPG a good diversifier for SIEB?
Reasonably. At 0.34, SIEB and TPG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.34 mean?
A reading of 0.34 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/sieb-vs-tpg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sieb-vs-tpg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SIEB correlations · TPG correlations
