ARCB vs XPO: Correlation
ArcBest Corporation (ARCB) and XPO, Inc. (XPO) show a strong relationship: their 3-year correlation of weekly returns is 0.71.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARCB and XPO?
On 3 years of weekly data the ARCB/XPO correlation comes out at 0.71, strong. The relationship has been stable: the 1-year correlation (0.71) sits close to the 3-year figure. The 5-year figure is 0.59, and annualized covariance runs at 1622.1 %².
XPO is one of the assets that tracks ARCB most closely: it ranks #2 out of the 18 assets we track against ARCB. Correlation aside, the last 12 months split them widely, with ARCB ahead by 45.2 points (+90.2% versus +45.0%).
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 XPO: side by side
| ARCB (ArcBest Corporation) | XPO (XPO, Inc.) | |
|---|---|---|
| 1-year return | +90.2% | +45.0% |
| 5-year return | +107.2% | +267.0% |
| Volatility (ann.) | 46.8% | 48.7% |
| Beta vs S&P 500 | 1.33 | 1.58 |
| Max drawdown (3Y) | -62.4% | -42.2% |
| Market cap | $3.1B | $22.4B |
| P/E (trailing) | 198.7 | 56.9 |
| Dividend yield | 0.35% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARCB | XPO |
|---|---|---|
| 2022 | -41.2% | -27.6% |
| 2023 | +72.4% | +163.1% |
| 2024 | -22.1% | +49.7% |
| 2025 | -20.0% | +3.6% |
| 2026 | +88.1% | +41.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARCB and XPO good diversifiers for each other?
To a limited degree. At 0.71 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 XPO?
Using weekly returns as of 2026-08-27: 0.71 over 3 years, with 0.71 over the last year and 0.59 over 5 years.
Is XPO a good diversifier for ARCB?
To a limited degree. At 0.71 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 0.71 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: ARCB correlations · XPO correlations
