CSX vs HTCO: Correlation
Measured on weekly returns over the past three years, CSX Corporation (CSX) and High-Trend International Group - Class A (HTCO) carry a correlation of -0.17, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CSX and HTCO?
Over the past 3 years, CSX and HTCO moved with a correlation of -0.17, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.14 versus -0.17 over 3 years. Over 5 years the correlation is -0.11, and the annualized covariance of weekly returns is -465.8 %².
Among the 30 assets we track against CSX, HTCO ranks #22 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CSX outperformed by 138.4 percentage points (+60.6% for CSX against -77.8% for HTCO). Note the risk asymmetry: HTCO runs 7.3 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.
CSX vs HTCO: side by side
| CSX (CSX Corporation) | HTCO (High-Trend International Group - Class A) | |
|---|---|---|
| 1-year return | +60.6% | -77.8% |
| 5-year return | +66.2% | -98.9% |
| Volatility (ann.) | 19.7% | 143.5% |
| Beta vs S&P 500 | 0.62 | -0.60 |
| Max drawdown (3Y) | -29.4% | -97.5% |
| Market cap | $95.5B | – |
| P/E (trailing) | 30.1 | – |
| Dividend yield | 1.04% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | CSX | HTCO |
|---|---|---|
| 2022 | -16.6% | -87.1% |
| 2023 | +13.5% | -63.0% |
| 2024 | -5.6% | +608.5% |
| 2025 | +14.1% | -89.9% |
| 2026 | +43.1% | -69.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CSX and HTCO good diversifiers for each other?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CSX and HTCO?
Using weekly returns as of 2026-08-27: -0.17 over 3 years, with 0.14 over the last year and -0.11 over 5 years.
Is HTCO a good diversifier for CSX?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.17 mean?
A reading of -0.17 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-htco.json
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Related comparisons
Hubs: CSX correlations · HTCO correlations
