ALX vs EXPD: Correlation
How closely do Alexander's, Inc. (ALX) and Expeditors International (EXPD) 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 ALX and EXPD?
On 3 years of weekly data the ALX/EXPD correlation comes out at 0.50, moderate. Recent behaviour matches the longer record: 0.52 over 1 year against 0.50 over 3. The 5-year figure is 0.39, and annualized covariance runs at 318.6 %².
By 3-year correlation, EXPD places #6 of the 12 assets tracked against ALX. Their recent paths diverged sharply: over the last 12 months EXPD outperformed by 33.4 percentage points (+24.1% for ALX against +57.5% for EXPD).
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.
ALX vs EXPD: side by side
| ALX (Alexander's, Inc.) | EXPD (Expeditors International) | |
|---|---|---|
| 1-year return | +24.1% | +57.5% |
| 5-year return | +51.5% | +60.9% |
| Volatility (ann.) | 26.4% | 24.2% |
| Beta vs S&P 500 | 0.64 | 0.65 |
| Max drawdown (3Y) | -23.2% | -21.3% |
| Market cap | $1.4B | $24.8B |
| P/E (trailing) | 8.2 | 27.7 |
| Dividend yield | 6.62% | 0.83% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | ALX | EXPD |
|---|---|---|
| 2022 | -9.1% | -21.7% |
| 2023 | +6.4% | +23.9% |
| 2024 | +1.4% | -11.9% |
| 2025 | +18.4% | +36.2% |
| 2026 | +31.2% | +28.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALX and EXPD good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ALX and EXPD?
The ALX/EXPD correlation stands at 0.50 on a 3-year window (1 year: 0.52, 5 years: 0.39), computed from weekly returns as of 2026-08-27.
Is EXPD a good diversifier for ALX?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
A reading of 0.50 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/alx-vs-expd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/alx-vs-expd/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ALX correlations · EXPD correlations
