EXPD vs MATX: Correlation
How closely do Expeditors International (EXPD) and Matson, Inc. (MATX) 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 MATX?
Across a 3-year window, the weekly returns of EXPD and MATX correlate at 0.53, moderate. The relationship has been stable: the 1-year correlation (0.62) sits close to the 3-year figure. Stretching to 5 years gives 0.53, with an annualized covariance of 442.1 %².
MATX is one of the assets that tracks EXPD most closely: it ranks #3 out of the 33 assets we track against EXPD. The last year tells two different stories: MATX led by 55.3 percentage points, +57.5% for EXPD against +112.8% for MATX.
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 MATX: side by side
| EXPD (Expeditors International) | MATX (Matson, Inc.) | |
|---|---|---|
| 1-year return | +57.5% | +112.8% |
| 5-year return | +60.9% | +195.6% |
| Volatility (ann.) | 24.2% | 34.6% |
| Beta vs S&P 500 | 0.65 | 0.80 |
| Max drawdown (3Y) | -21.3% | -46.9% |
| Market cap | $24.8B | $6.6B |
| P/E (trailing) | 27.7 | 14.9 |
| Dividend yield | 0.83% | 0.65% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | EXPD | MATX |
|---|---|---|
| 2022 | -21.7% | -29.5% |
| 2023 | +23.9% | +78.2% |
| 2024 | -11.9% | +24.3% |
| 2025 | +36.2% | -7.2% |
| 2026 | +28.7% | +80.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXPD and MATX good diversifiers for each other?
Only partially. A correlation of 0.53 means EXPD and MATX 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 MATX?
The EXPD/MATX correlation stands at 0.53 on a 3-year window (1 year: 0.62, 5 years: 0.53), computed from weekly returns as of 2026-08-27.
Is MATX a good diversifier for EXPD?
Only partially. A correlation of 0.53 means EXPD and MATX 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?
A reading of 0.53 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/expd-vs-matx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/expd-vs-matx/)
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Related comparisons
Hubs: EXPD correlations · MATX correlations
