CHRW vs RXO: Correlation
How closely do C.H. Robinson (CHRW) and RXO, Inc. (RXO) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHRW and RXO?
On 3 years of weekly data the CHRW/RXO correlation comes out at 0.44, moderate. The relationship has been stable: the 1-year correlation (0.49) sits close to the 3-year figure. The 5-year figure is 0.47, and annualized covariance runs at 952.4 %².
In CHRW's tracked universe of 31 assets, RXO sits right near the top at #3. The last year tells two different stories: RXO led by 17.4 percentage points, +19.9% for CHRW against +37.3% for RXO. Note the risk asymmetry: RXO runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 RXO: side by side
| CHRW (C.H. Robinson) | RXO (RXO, Inc.) | |
|---|---|---|
| 1-year return | +19.9% | +37.3% |
| 5-year return | +86.8% | n/a |
| Volatility (ann.) | 35.7% | 60.7% |
| Beta vs S&P 500 | 0.69 | 1.66 |
| Max drawdown (3Y) | -32.4% | -67.1% |
| Market cap | $17.7B | $3.7B |
| P/E (trailing) | 29.0 | – |
| Dividend yield | 1.65% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | CHRW | RXO |
|---|---|---|
| 2022 | -13.1% | – |
| 2023 | -3.1% | +35.2% |
| 2024 | +22.9% | +2.5% |
| 2025 | +59.0% | -47.0% |
| 2026 | -5.3% | +76.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHRW and RXO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CHRW and RXO?
The CHRW/RXO correlation stands at 0.44 on a 3-year window (1 year: 0.49, 5 years: 0.47), computed from weekly returns as of 2026-08-27.
Is RXO a good diversifier for CHRW?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 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-rxo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/chrw-vs-rxo/)
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Related comparisons
Hubs: CHRW correlations · RXO correlations
