CHRW vs FDX: Correlation
Measured on weekly returns over the past three years, C.H. Robinson (CHRW) and FedEx (FDX) carry a correlation of 0.30, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHRW and FDX?
Over the past 3 years, CHRW and FDX moved with a correlation of 0.30, which is moderate. The link has tightened recently: the 1-year correlation (0.47) runs above the 3-year figure (0.30). Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 329.8 %².
Within CHRW's tracked universe of 31 assets, FDX comes in at #16 by 3-year correlation. Correlation aside, the last 12 months split them widely, with FDX ahead by 60.7 points (+19.9% versus +80.6%). Across three years, the rolling one-year figure varied moderately, from 0.08 to 0.56.
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 FDX: side by side
| CHRW (C.H. Robinson) | FDX (FedEx) | |
|---|---|---|
| 1-year return | +19.9% | +80.6% |
| 5-year return | +86.8% | +71.0% |
| Volatility (ann.) | 35.7% | 30.7% |
| Beta vs S&P 500 | 0.69 | 0.89 |
| Max drawdown (3Y) | -32.4% | -35.9% |
| Market cap | $17.7B | $78.4B |
| P/E (trailing) | 29.0 | 18.1 |
| Dividend yield | 1.65% | 1.66% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | CHRW | FDX |
|---|---|---|
| 2022 | -13.1% | -31.6% |
| 2023 | -3.1% | +49.1% |
| 2024 | +22.9% | +13.5% |
| 2025 | +59.0% | +5.1% |
| 2026 | -5.3% | +43.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHRW and FDX good diversifiers for each other?
Reasonably. At 0.30, CHRW and FDX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CHRW and FDX?
Using weekly returns as of 2026-08-27: 0.30 over 3 years, with 0.47 over the last year and 0.32 over 5 years.
Is FDX a good diversifier for CHRW?
Reasonably. At 0.30, CHRW and FDX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.30 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/chrw-vs-fdx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/chrw-vs-fdx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CHRW correlations · FDX correlations
