ARCB vs CDW: Correlation
How closely do ArcBest Corporation (ARCB) and CDW Corporation (CDW) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARCB and CDW?
Over the past 3 years, ARCB and CDW moved with a correlation of 0.48, which is moderate. Little has changed lately, as the 1-year reading of 0.46 lands near the 3-year figure. Over 5 years the correlation is 0.47, and the annualized covariance of weekly returns is 770.6 %².
Among the 18 assets we track against ARCB, CDW ranks #11 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ARCB outperformed by 98.2 percentage points (+90.2% for ARCB against -8.0% for CDW).
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.
ARCB vs CDW: side by side
| ARCB (ArcBest Corporation) | CDW (CDW Corporation) | |
|---|---|---|
| 1-year return | +90.2% | -8.0% |
| 5-year return | +107.2% | -20.5% |
| Volatility (ann.) | 46.8% | 34.2% |
| Beta vs S&P 500 | 1.33 | 1.01 |
| Max drawdown (3Y) | -62.4% | -60.4% |
| Market cap | $3.1B | $18.6B |
| P/E (trailing) | 198.7 | 17.0 |
| Dividend yield | 0.35% | 1.78% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | ARCB | CDW |
|---|---|---|
| 2022 | -41.2% | -11.7% |
| 2023 | +72.4% | +28.8% |
| 2024 | -22.1% | -22.6% |
| 2025 | -20.0% | -20.6% |
| 2026 | +88.1% | +11.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARCB and CDW good diversifiers for each other?
Reasonably. At 0.48, ARCB and CDW keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ARCB and CDW?
As of 2026-08-27, the correlation of weekly returns between ARCB and CDW is 0.48 over 3 years, 0.46 over 1 year and 0.47 over 5 years.
Is CDW a good diversifier for ARCB?
Reasonably. At 0.48, ARCB and CDW keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 mean?
A reading of 0.48 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/arcb-vs-cdw.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/arcb-vs-cdw/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ARCB correlations · CDW correlations
