CHRW vs OMCL: Correlation
C.H. Robinson (CHRW) and Omnicell, Inc. (OMCL) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHRW and OMCL?
On 3 years of weekly data the CHRW/OMCL correlation comes out at 0.38, moderate. Little has changed lately, as the 1-year reading of 0.36 lands near the 3-year figure. The 5-year figure is 0.33, and annualized covariance runs at 668.9 %².
Among the 31 assets we track against CHRW, OMCL ranks #10 by 3-year correlation. The last year tells two different stories: CHRW led by 19.4 percentage points, +19.9% for CHRW against +0.5% for OMCL.
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 OMCL: side by side
| CHRW (C.H. Robinson) | OMCL (Omnicell, Inc.) | |
|---|---|---|
| 1-year return | +19.9% | +0.5% |
| 5-year return | +86.8% | -78.5% |
| Volatility (ann.) | 35.7% | 49.5% |
| Beta vs S&P 500 | 0.69 | 0.53 |
| Max drawdown (3Y) | -32.4% | -58.4% |
| Market cap | $17.7B | $1.5B |
| P/E (trailing) | 29.0 | 39.8 |
| Dividend yield | 1.65% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | CHRW | OMCL |
|---|---|---|
| 2022 | -13.1% | -72.1% |
| 2023 | -3.1% | -25.4% |
| 2024 | +22.9% | +18.3% |
| 2025 | +59.0% | +1.8% |
| 2026 | -5.3% | -26.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHRW and OMCL good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CHRW and OMCL?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.36 over the last year and 0.33 over 5 years.
Is OMCL a good diversifier for CHRW?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 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-omcl.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/chrw-vs-omcl/)
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Related comparisons
Hubs: CHRW correlations · OMCL correlations
