EXPD vs LSTR: Correlation
How closely do Expeditors International (EXPD) and Landstar System, Inc. (LSTR) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXPD and LSTR?
On 3 years of weekly data the EXPD/LSTR correlation comes out at 0.53, moderate. The past 12 months show a weaker link (0.43) than the 3-year average (0.53). The 5-year figure is 0.59, and annualized covariance runs at 361.5 %².
LSTR is one of the assets that tracks EXPD most closely: it ranks #2 out of the 33 assets we track against EXPD. The last year tells two different stories: EXPD led by 17.6 percentage points, +57.5% for EXPD against +39.9% for LSTR.
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 LSTR: side by side
| EXPD (Expeditors International) | LSTR (Landstar System, Inc.) | |
|---|---|---|
| 1-year return | +57.5% | +39.9% |
| 5-year return | +60.9% | +17.0% |
| Volatility (ann.) | 24.2% | 28.2% |
| Beta vs S&P 500 | 0.65 | 0.83 |
| Max drawdown (3Y) | -21.3% | -37.5% |
| Market cap | $24.8B | $6.2B |
| P/E (trailing) | 27.7 | 47.0 |
| Dividend yield | 0.83% | 0.88% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | EXPD | LSTR |
|---|---|---|
| 2022 | -21.7% | -7.3% |
| 2023 | +23.9% | +21.2% |
| 2024 | -11.9% | -9.7% |
| 2025 | +36.2% | -14.4% |
| 2026 | +28.7% | +29.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXPD and LSTR good diversifiers for each other?
Only partially. A correlation of 0.53 means EXPD and LSTR 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 EXPD and LSTR?
As of 2026-08-27, the correlation of weekly returns between EXPD and LSTR is 0.53 over 3 years, 0.43 over 1 year and 0.59 over 5 years.
Is LSTR a good diversifier for EXPD?
Only partially. A correlation of 0.53 means EXPD and LSTR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 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/expd-vs-lstr.json
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Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EXPD correlations · LSTR correlations
