CSX vs CVLG: Correlation
Measured on weekly returns over the past three years, CSX Corporation (CSX) and Covenant Logistics Group, Inc. (CVLG) carry a correlation of 0.57, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CSX and CVLG?
Across a 3-year window, the weekly returns of CSX and CVLG correlate at 0.57, moderate. Recent behaviour matches the longer record: 0.59 over 1 year against 0.57 over 3. Stretching to 5 years gives 0.44, with an annualized covariance of 421.6 %².
By 3-year correlation, CVLG places #15 of the 30 assets tracked against CSX. Over the last 12 months CSX came out ahead by 13.5 percentage points (+60.6% against +47.1%). Risk is not evenly split, since CVLG carries 1.9 times the volatility of the other side.
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.
CSX vs CVLG: side by side
| CSX (CSX Corporation) | CVLG (Covenant Logistics Group, Inc.) | |
|---|---|---|
| 1-year return | +60.6% | +47.1% |
| 5-year return | +66.2% | +200.1% |
| Volatility (ann.) | 19.7% | 37.9% |
| Beta vs S&P 500 | 0.62 | 1.02 |
| Max drawdown (3Y) | -29.4% | -41.3% |
| Market cap | $95.5B | $0.9B |
| P/E (trailing) | 30.1 | 710.6 |
| Dividend yield | 1.04% | 0.79% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | CSX | CVLG |
|---|---|---|
| 2022 | -16.6% | +32.2% |
| 2023 | +13.5% | +34.6% |
| 2024 | -5.6% | +19.4% |
| 2025 | +14.1% | -18.2% |
| 2026 | +43.1% | +61.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CSX and CVLG good diversifiers for each other?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CSX and CVLG?
Using weekly returns as of 2026-08-27: 0.57 over 3 years, with 0.59 over the last year and 0.44 over 5 years.
Is CVLG a good diversifier for CSX?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.57 mean?
A reading of 0.57 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/csx-vs-cvlg.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/csx-vs-cvlg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CSX correlations · CVLG correlations
