CSX vs R: Correlation
How closely do CSX Corporation (CSX) and Ryder System, Inc. (R) trade together? Their weekly returns over three years give a correlation of 0.62, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CSX and R?
Over the past 3 years, CSX and R moved with a correlation of 0.62, which is strong. The relationship has been stable: the 1-year correlation (0.60) sits close to the 3-year figure. Over 5 years the correlation is 0.53, and the annualized covariance of weekly returns is 381.2 %².
By 3-year correlation, R places #4 of the 30 assets tracked against CSX. Their recent paths diverged sharply: over the last 12 months CSX outperformed by 25.7 percentage points (+60.6% for CSX against +34.9% for R). One caveat on sizing: R is 1.6 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.
CSX vs R: side by side
| CSX (CSX Corporation) | R (Ryder System, Inc.) | |
|---|---|---|
| 1-year return | +60.6% | +34.9% |
| 5-year return | +66.2% | +245.8% |
| Volatility (ann.) | 19.7% | 31.1% |
| Beta vs S&P 500 | 0.62 | 1.09 |
| Max drawdown (3Y) | -29.4% | -23.9% |
| Market cap | $95.5B | $9.5B |
| P/E (trailing) | 30.1 | 20.3 |
| Dividend yield | 1.04% | 1.46% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | CSX | R |
|---|---|---|
| 2022 | -16.6% | +4.4% |
| 2023 | +13.5% | +41.6% |
| 2024 | -5.6% | +39.5% |
| 2025 | +14.1% | +24.5% |
| 2026 | +43.1% | +31.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CSX and R good diversifiers for each other?
Only partially. A correlation of 0.62 means CSX and R share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CSX and R?
Using weekly returns as of 2026-08-27: 0.62 over 3 years, with 0.60 over the last year and 0.53 over 5 years.
Is R a good diversifier for CSX?
Only partially. A correlation of 0.62 means CSX and R share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.62 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/csx-vs-r.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/csx-vs-r/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CSX correlations · R correlations
