CVLG vs LSTR: Correlation
Measured on weekly returns over the past three years, Covenant Logistics Group, Inc. (CVLG) and Landstar System, Inc. (LSTR) carry a correlation of 0.77, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CVLG and LSTR?
Across a 3-year window, the weekly returns of CVLG and LSTR correlate at 0.77, strong. Recent behaviour matches the longer record: 0.75 over 1 year against 0.77 over 3. Stretching to 5 years gives 0.63, with an annualized covariance of 818.3 %².
Few assets follow CVLG as closely as LSTR, which ranks #1 of 18 tracked partners. The trailing year gives CVLG the advantage: +47.1% versus +39.9%, a 7.2-point spread.
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.
CVLG vs LSTR: side by side
| CVLG (Covenant Logistics Group, Inc.) | LSTR (Landstar System, Inc.) | |
|---|---|---|
| 1-year return | +47.1% | +39.9% |
| 5-year return | +200.1% | +17.0% |
| Volatility (ann.) | 37.9% | 28.2% |
| Beta vs S&P 500 | 1.02 | 0.83 |
| Max drawdown (3Y) | -41.3% | -37.5% |
| Market cap | $0.9B | $6.2B |
| P/E (trailing) | 710.6 | 47.0 |
| Dividend yield | 0.79% | 0.88% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CVLG | LSTR |
|---|---|---|
| 2022 | +32.2% | -7.3% |
| 2023 | +34.6% | +21.2% |
| 2024 | +19.4% | -9.7% |
| 2025 | -18.2% | -14.4% |
| 2026 | +61.9% | +29.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVLG and LSTR good diversifiers for each other?
To a limited degree. At 0.77 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CVLG and LSTR?
As of 2026-08-27, the correlation of weekly returns between CVLG and LSTR is 0.77 over 3 years, 0.75 over 1 year and 0.63 over 5 years.
Is LSTR a good diversifier for CVLG?
To a limited degree. At 0.77 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.77 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.
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Related comparisons
Hubs: CVLG correlations · LSTR correlations
