CHRW vs LSTR: Correlation
Measured on weekly returns over the past three years, C.H. Robinson (CHRW) and Landstar System, Inc. (LSTR) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHRW and LSTR?
Across a 3-year window, the weekly returns of CHRW and LSTR correlate at 0.40, moderate. Little has changed lately, as the 1-year reading of 0.42 lands near the 3-year figure. Stretching to 5 years gives 0.43, with an annualized covariance of 402.1 %².
Within CHRW's tracked universe of 31 assets, LSTR comes in at #5 by 3-year correlation. The last year tells two different stories: LSTR led by 20.0 percentage points, +19.9% for CHRW against +39.9% for LSTR.
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 LSTR: side by side
| CHRW (C.H. Robinson) | LSTR (Landstar System, Inc.) | |
|---|---|---|
| 1-year return | +19.9% | +39.9% |
| 5-year return | +86.8% | +17.0% |
| Volatility (ann.) | 35.7% | 28.2% |
| Beta vs S&P 500 | 0.69 | 0.83 |
| Max drawdown (3Y) | -32.4% | -37.5% |
| Market cap | $17.7B | $6.2B |
| P/E (trailing) | 29.0 | 47.0 |
| Dividend yield | 1.65% | 0.88% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | CHRW | LSTR |
|---|---|---|
| 2022 | -13.1% | -7.3% |
| 2023 | -3.1% | +21.2% |
| 2024 | +22.9% | -9.7% |
| 2025 | +59.0% | -14.4% |
| 2026 | -5.3% | +29.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHRW and LSTR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CHRW and LSTR?
As of 2026-08-27, the correlation of weekly returns between CHRW and LSTR is 0.40 over 3 years, 0.42 over 1 year and 0.43 over 5 years.
Is LSTR a good diversifier for CHRW?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 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
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Related comparisons
Hubs: CHRW correlations · LSTR correlations
