CHRW vs MATX: Correlation
Measured on weekly returns over the past three years, C.H. Robinson (CHRW) and Matson, Inc. (MATX) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHRW and MATX?
On 3 years of weekly data the CHRW/MATX correlation comes out at 0.38, moderate. Little has changed lately, as the 1-year reading of 0.46 lands near the 3-year figure. The 5-year figure is 0.39, and annualized covariance runs at 473.6 %².
By 3-year correlation, MATX places #9 of the 31 assets tracked against CHRW. Correlation aside, the last 12 months split them widely, with MATX ahead by 92.9 points (+19.9% versus +112.8%).
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 MATX: side by side
| CHRW (C.H. Robinson) | MATX (Matson, Inc.) | |
|---|---|---|
| 1-year return | +19.9% | +112.8% |
| 5-year return | +86.8% | +195.6% |
| Volatility (ann.) | 35.7% | 34.6% |
| Beta vs S&P 500 | 0.69 | 0.80 |
| Max drawdown (3Y) | -32.4% | -46.9% |
| Market cap | $17.7B | $6.6B |
| P/E (trailing) | 29.0 | 14.9 |
| Dividend yield | 1.65% | 0.65% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | CHRW | MATX |
|---|---|---|
| 2022 | -13.1% | -29.5% |
| 2023 | -3.1% | +78.2% |
| 2024 | +22.9% | +24.3% |
| 2025 | +59.0% | -7.2% |
| 2026 | -5.3% | +80.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHRW and MATX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CHRW and MATX?
As of 2026-08-27, the correlation of weekly returns between CHRW and MATX is 0.38 over 3 years, 0.46 over 1 year and 0.39 over 5 years.
Is MATX a good diversifier for CHRW?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 mean?
A reading of 0.38 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-matx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/chrw-vs-matx/)
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Related comparisons
Hubs: CHRW correlations · MATX correlations
