CHRW vs EXPD: Correlation
Measured on weekly returns over the past three years, C.H. Robinson (CHRW) and Expeditors International (EXPD) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHRW and EXPD?
On 3 years of weekly data the CHRW/EXPD correlation comes out at 0.53, moderate. Little has changed lately, as the 1-year reading of 0.52 lands near the 3-year figure. The 5-year figure is 0.53, and annualized covariance runs at 457.0 %².
EXPD is one of the assets that tracks CHRW most closely: it ranks #1 out of the 31 assets we track against CHRW. Correlation aside, the last 12 months split them widely, with EXPD ahead by 37.6 points (+19.9% versus +57.5%). The rolling one-year correlation moved between 0.42 and 0.73 over the past three years, a moderate range.
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.
CHRW vs EXPD: side by side
| CHRW (C.H. Robinson) | EXPD (Expeditors International) | |
|---|---|---|
| 1-year return | +19.9% | +57.5% |
| 5-year return | +86.8% | +60.9% |
| Volatility (ann.) | 35.7% | 24.2% |
| Beta vs S&P 500 | 0.69 | 0.65 |
| Max drawdown (3Y) | -32.4% | -21.3% |
| Market cap | $17.7B | $24.8B |
| P/E (trailing) | 29.0 | 27.7 |
| Dividend yield | 1.65% | 0.83% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | CHRW | EXPD |
|---|---|---|
| 2022 | -13.1% | -21.7% |
| 2023 | -3.1% | +23.9% |
| 2024 | +22.9% | -11.9% |
| 2025 | +59.0% | +36.2% |
| 2026 | -5.3% | +28.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHRW and EXPD good diversifiers for each other?
Only partially. A correlation of 0.53 means CHRW and EXPD share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CHRW and EXPD?
As of 2026-08-27, the correlation of weekly returns between CHRW and EXPD is 0.53 over 3 years, 0.52 over 1 year and 0.53 over 5 years.
Is EXPD a good diversifier for CHRW?
Only partially. A correlation of 0.53 means CHRW and EXPD share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 mean?
On the −1 to +1 scale, 0.53 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/chrw-vs-expd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/chrw-vs-expd/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CHRW correlations · EXPD correlations
