CHRW vs RCON: Correlation
Measured on weekly returns over the past three years, C.H. Robinson (CHRW) and Recon Technology, Ltd. - Class A (RCON) carry a correlation of -0.28, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHRW and RCON?
Across a 3-year window, the weekly returns of CHRW and RCON correlate at -0.28, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.38 lands near the 3-year figure. Stretching to 5 years gives -0.23, with an annualized covariance of -137879.5 %².
Among the 31 assets we track against CHRW, RCON sits near the bottom by co-movement, at rank #29. Their recent paths diverged sharply: over the last 12 months CHRW outperformed by 42.5 percentage points (+19.9% for CHRW against -22.6% for RCON). One caveat on sizing: RCON is 384.6 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 RCON: side by side
| CHRW (C.H. Robinson) | RCON (Recon Technology, Ltd. - Class A) | |
|---|---|---|
| 1-year return | +19.9% | -22.6% |
| 5-year return | +86.8% | -97.1% |
| Volatility (ann.) | 35.7% | 13728.9% |
| Beta vs S&P 500 | 0.69 | 22.04 |
| Max drawdown (3Y) | -32.4% | -100.0% |
| Market cap | $17.7B | – |
| P/E (trailing) | 29.0 | – |
| Dividend yield | 1.65% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | CHRW | RCON |
|---|---|---|
| 2022 | -13.1% | -3.8% |
| 2023 | -3.1% | -81.7% |
| 2024 | +22.9% | -49.5% |
| 2025 | +59.0% | -24.4% |
| 2026 | -5.3% | +10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHRW and RCON good diversifiers for each other?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CHRW and RCON?
The CHRW/RCON correlation stands at -0.28 on a 3-year window (1 year: -0.38, 5 years: -0.23), computed from weekly returns as of 2026-08-27.
Is RCON a good diversifier for CHRW?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.28 mean?
On the −1 to +1 scale, -0.28 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-rcon.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/chrw-vs-rcon/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CHRW correlations · RCON correlations
