CHRW vs XYL: Correlation
How closely do C.H. Robinson (CHRW) and Xylem Inc. (XYL) trade together? Their weekly returns over three years give a correlation of 0.30, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHRW and XYL?
On 3 years of weekly data the CHRW/XYL correlation comes out at 0.30, moderate. The relationship has been stable: the 1-year correlation (0.34) sits close to the 3-year figure. The 5-year figure is 0.35, and annualized covariance runs at 258.2 %².
Within CHRW's tracked universe of 31 assets, XYL comes in at #17 by 3-year correlation. The last year tells two different stories: CHRW led by 41.0 percentage points, +19.9% for CHRW against -21.1% for XYL. The relationship is regime-dependent: the rolling one-year correlation swung between 0.02 and 0.53 over the past three years, so this pair behaves very differently depending on the market environment.
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 XYL: side by side
| CHRW (C.H. Robinson) | XYL (Xylem Inc.) | |
|---|---|---|
| 1-year return | +19.9% | -21.1% |
| 5-year return | +86.8% | -12.5% |
| Volatility (ann.) | 35.7% | 23.9% |
| Beta vs S&P 500 | 0.69 | 0.96 |
| Max drawdown (3Y) | -32.4% | -30.0% |
| Market cap | $17.7B | $26.3B |
| P/E (trailing) | 29.0 | 26.8 |
| Dividend yield | 1.65% | 1.47% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | CHRW | XYL |
|---|---|---|
| 2022 | -13.1% | -6.6% |
| 2023 | -3.1% | +4.8% |
| 2024 | +22.9% | +2.6% |
| 2025 | +59.0% | +18.8% |
| 2026 | -5.3% | -16.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHRW and XYL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CHRW and XYL?
Using weekly returns as of 2026-08-27: 0.30 over 3 years, with 0.34 over the last year and 0.35 over 5 years.
Is XYL a good diversifier for CHRW?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.30 mean?
On the −1 to +1 scale, 0.30 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-xyl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/chrw-vs-xyl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CHRW correlations · XYL correlations
