APAM vs EXPD: Correlation
Artisan Partners Asset Management Inc. (APAM) and Expeditors International (EXPD) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APAM and EXPD?
Over the past 3 years, APAM and EXPD moved with a correlation of 0.47, which is moderate. The relationship has been stable: the 1-year correlation (0.45) sits close to the 3-year figure. Over 5 years the correlation is 0.57, and the annualized covariance of weekly returns is 309.7 %².
EXPD is close to the least connected end of APAM's tracked universe, ranking #14 of 17. Their recent paths diverged sharply: over the last 12 months EXPD outperformed by 56.3 percentage points (+1.2% for APAM 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.
APAM vs EXPD: side by side
| APAM (Artisan Partners Asset Management Inc.) | EXPD (Expeditors International) | |
|---|---|---|
| 1-year return | +1.2% | +57.5% |
| 5-year return | +28.1% | +60.9% |
| Volatility (ann.) | 27.0% | 24.2% |
| Beta vs S&P 500 | 1.14 | 0.65 |
| Max drawdown (3Y) | -28.9% | -21.3% |
| Market cap | $3.1B | $24.8B |
| P/E (trailing) | 10.4 | 27.7 |
| Dividend yield | 7.95% | 0.83% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | APAM | EXPD |
|---|---|---|
| 2022 | -31.3% | -21.7% |
| 2023 | +60.3% | +23.9% |
| 2024 | +4.8% | -11.9% |
| 2025 | +2.7% | +36.2% |
| 2026 | +15.4% | +28.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APAM and EXPD good diversifiers for each other?
Reasonably. At 0.47, APAM and EXPD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between APAM and EXPD?
As of 2026-08-27, the correlation of weekly returns between APAM and EXPD is 0.47 over 3 years, 0.45 over 1 year and 0.57 over 5 years.
Is EXPD a good diversifier for APAM?
Reasonably. At 0.47, APAM and EXPD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/apam-vs-expd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/apam-vs-expd/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: APAM correlations · EXPD correlations
