CHRW vs IPW: Correlation
C.H. Robinson (CHRW) and iPower Inc. (IPW) show a negative relationship: their 3-year correlation of weekly returns is -0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHRW and IPW?
On 3 years of weekly data the CHRW/IPW correlation comes out at -0.28, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.48 versus -0.28 over 3 years. The 5-year figure is -0.22, and annualized covariance runs at -4073.5 %².
Out of 31 assets tracked against CHRW, IPW lands near the bottom at #28. Correlation aside, the last 12 months split them widely, with CHRW ahead by 118.5 points (+19.9% versus -98.6%). Risk is not evenly split, since IPW carries 11.4 times the volatility of the other side.
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 IPW: side by side
| CHRW (C.H. Robinson) | IPW (iPower Inc.) | |
|---|---|---|
| 1-year return | +19.9% | -98.6% |
| 5-year return | +86.8% | -99.8% |
| Volatility (ann.) | 35.7% | 405.9% |
| Beta vs S&P 500 | 0.69 | 2.99 |
| Max drawdown (3Y) | -32.4% | -100.0% |
| Market cap | $17.7B | – |
| P/E (trailing) | 29.0 | – |
| Dividend yield | 1.65% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | CHRW | IPW |
|---|---|---|
| 2022 | -13.1% | -83.2% |
| 2023 | -3.1% | +12.5% |
| 2024 | +22.9% | +85.1% |
| 2025 | +59.0% | -70.1% |
| 2026 | -5.3% | -96.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHRW and IPW good diversifiers for each other?
Yes. With a correlation of -0.28, CHRW and IPW have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CHRW and IPW?
As of 2026-08-27, the correlation of weekly returns between CHRW and IPW is -0.28 over 3 years, -0.48 over 1 year and -0.22 over 5 years.
Is IPW a good diversifier for CHRW?
Yes. With a correlation of -0.28, CHRW and IPW have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.28 mean?
A reading of -0.28 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/chrw-vs-ipw.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/chrw-vs-ipw/)
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Related comparisons
Hubs: CHRW correlations · IPW correlations
