CHRW vs PFG: Correlation
How closely do C.H. Robinson (CHRW) and Principal Financial Group (PFG) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHRW and PFG?
Across a 3-year window, the weekly returns of CHRW and PFG correlate at 0.38, moderate. The link has tightened recently: the 1-year correlation (0.55) runs above the 3-year figure (0.38). Stretching to 5 years gives 0.35, with an annualized covariance of 309.2 %².
Within CHRW's tracked universe of 31 assets, PFG comes in at #11 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months PFG outperformed by 24.0 percentage points (+19.9% for CHRW against +43.9% for PFG). On a rolling one-year basis the correlation drifted between 0.16 and 0.57, a moderate band. One caveat on sizing: CHRW is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 PFG: side by side
| CHRW (C.H. Robinson) | PFG (Principal Financial Group) | |
|---|---|---|
| 1-year return | +19.9% | +43.9% |
| 5-year return | +86.8% | +99.7% |
| Volatility (ann.) | 35.7% | 22.9% |
| Beta vs S&P 500 | 0.69 | 0.88 |
| Max drawdown (3Y) | -32.4% | -22.4% |
| Market cap | $17.7B | $24.0B |
| P/E (trailing) | 29.0 | 16.0 |
| Dividend yield | 1.65% | 2.84% |
| Sector / category | Industrials | Financials |
Year-by-year returns
| Year | CHRW | PFG |
|---|---|---|
| 2022 | -13.1% | +20.1% |
| 2023 | -3.1% | -2.8% |
| 2024 | +22.9% | +1.9% |
| 2025 | +59.0% | +18.4% |
| 2026 | -5.3% | +29.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHRW and PFG 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 PFG?
As of 2026-08-27, the correlation of weekly returns between CHRW and PFG is 0.38 over 3 years, 0.55 over 1 year and 0.35 over 5 years.
Is PFG 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?
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-pfg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/chrw-vs-pfg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CHRW correlations · PFG correlations
