CHRW vs MBAI: Correlation
How closely do C.H. Robinson (CHRW) and Check-Cap Ltd. (MBAI) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHRW and MBAI?
On 3 years of weekly data the CHRW/MBAI correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.34) runs below the 3-year figure (-0.24). The 5-year figure is -0.21, and annualized covariance runs at -4058.9 %².
Within CHRW's tracked universe of 31 assets, MBAI comes in at #23 by 3-year correlation. Correlation aside, the last 12 months split them widely, with MBAI ahead by 890.9 points (+19.9% versus +910.8%). Risk is not evenly split, since MBAI carries 13.3 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 MBAI: side by side
| CHRW (C.H. Robinson) | MBAI (Check-Cap Ltd.) | |
|---|---|---|
| 1-year return | +19.9% | +910.8% |
| 5-year return | +86.8% | -69.3% |
| Volatility (ann.) | 35.7% | 474.4% |
| Beta vs S&P 500 | 0.69 | 1.76 |
| Max drawdown (3Y) | -32.4% | -87.3% |
| Market cap | $17.7B | – |
| P/E (trailing) | 29.0 | 1.4 |
| Dividend yield | 1.65% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | CHRW | MBAI |
|---|---|---|
| 2022 | -13.1% | -83.7% |
| 2023 | -3.1% | -5.5% |
| 2024 | +22.9% | -52.4% |
| 2025 | +59.0% | +63.6% |
| 2026 | -5.3% | +305.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHRW and MBAI good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CHRW and MBAI?
As of 2026-08-27, the correlation of weekly returns between CHRW and MBAI is -0.24 over 3 years, -0.34 over 1 year and -0.21 over 5 years.
Is MBAI a good diversifier for CHRW?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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-mbai.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/chrw-vs-mbai/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CHRW correlations · MBAI correlations
