EXPD vs FLGT: Correlation
How closely do Expeditors International (EXPD) and Fulgent Genetics, Inc. (FLGT) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXPD and FLGT?
Over the past 3 years, EXPD and FLGT moved with a correlation of 0.45, which is moderate. The relationship has been stable: the 1-year correlation (0.47) sits close to the 3-year figure. Over 5 years the correlation is 0.42, and the annualized covariance of weekly returns is 509.2 %².
Within EXPD's tracked universe of 33 assets, FLGT comes in at #16 by 3-year correlation. The last year tells two different stories: EXPD led by 65.3 percentage points, +57.5% for EXPD against -7.8% for FLGT. One caveat on sizing: FLGT is 1.9 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.
EXPD vs FLGT: side by side
| EXPD (Expeditors International) | FLGT (Fulgent Genetics, Inc.) | |
|---|---|---|
| 1-year return | +57.5% | -7.8% |
| 5-year return | +60.9% | -78.2% |
| Volatility (ann.) | 24.2% | 46.5% |
| Beta vs S&P 500 | 0.65 | 0.55 |
| Max drawdown (3Y) | -21.3% | -59.2% |
| Market cap | $24.8B | $0.5B |
| P/E (trailing) | 27.7 | – |
| Dividend yield | 0.83% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | EXPD | FLGT |
|---|---|---|
| 2022 | -21.7% | -70.4% |
| 2023 | +23.9% | -2.9% |
| 2024 | -11.9% | -36.1% |
| 2025 | +36.2% | +42.2% |
| 2026 | +28.7% | -24.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXPD and FLGT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between EXPD and FLGT?
As of 2026-08-27, the correlation of weekly returns between EXPD and FLGT is 0.45 over 3 years, 0.47 over 1 year and 0.42 over 5 years.
Is FLGT a good diversifier for EXPD?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.45 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: EXPD correlations · FLGT correlations
