ARCB vs TFII: Correlation
ArcBest Corporation (ARCB) and TFI International Inc. (TFII) show a strong relationship: their 3-year correlation of weekly returns is 0.70.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARCB and TFII?
Over the past 3 years, ARCB and TFII moved with a correlation of 0.70, which is strong. Lately the two have moved closer together, with the 1-year correlation at 0.81 versus 0.70 over 3 years. Over 5 years the correlation is 0.66, and the annualized covariance of weekly returns is 1150.1 %².
By 3-year correlation, TFII places #4 of the 18 assets tracked against ARCB. Correlation aside, the last 12 months split them widely, with ARCB ahead by 44.3 points (+90.2% versus +45.9%).
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 TFII: side by side
| ARCB (ArcBest Corporation) | TFII (TFI International Inc.) | |
|---|---|---|
| 1-year return | +90.2% | +45.9% |
| 5-year return | +107.2% | +27.7% |
| Volatility (ann.) | 46.8% | 35.1% |
| Beta vs S&P 500 | 1.33 | 1.02 |
| Max drawdown (3Y) | -62.4% | -53.8% |
| Market cap | $3.1B | $11.2B |
| P/E (trailing) | 198.7 | 33.2 |
| Dividend yield | 0.35% | 1.38% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARCB | TFII |
|---|---|---|
| 2022 | -41.2% | -9.5% |
| 2023 | +72.4% | +37.3% |
| 2024 | -22.1% | +0.5% |
| 2025 | -20.0% | -22.7% |
| 2026 | +88.1% | +32.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARCB and TFII good diversifiers for each other?
To a limited degree. At 0.70 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ARCB and TFII?
Using weekly returns as of 2026-08-27: 0.70 over 3 years, with 0.81 over the last year and 0.66 over 5 years.
Is TFII a good diversifier for ARCB?
To a limited degree. At 0.70 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.70 mean?
On the −1 to +1 scale, 0.70 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/arcb-vs-tfii.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/arcb-vs-tfii/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ARCB correlations · TFII correlations
