EXPD vs NRC: Correlation
Measured on weekly returns over the past three years, Expeditors International (EXPD) and NRC Health (NRC) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXPD and NRC?
Over the past 3 years, EXPD and NRC moved with a correlation of 0.38, which is moderate. Recent behaviour matches the longer record: 0.47 over 1 year against 0.38 over 3. Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 441.1 %².
Among the 33 assets we track against EXPD, NRC ranks #21 by 3-year correlation. The trailing year gives EXPD the advantage: +57.5% versus +47.1%, a 10.4-point spread. Risk is not evenly split, since NRC carries 2.0 times the volatility of the other side.
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 NRC: side by side
| EXPD (Expeditors International) | NRC (NRC Health) | |
|---|---|---|
| 1-year return | +57.5% | +47.1% |
| 5-year return | +60.9% | -53.4% |
| Volatility (ann.) | 24.2% | 48.5% |
| Beta vs S&P 500 | 0.65 | 0.51 |
| Max drawdown (3Y) | -21.3% | -77.6% |
| Market cap | $24.8B | $0.5B |
| P/E (trailing) | 27.7 | 91.7 |
| Dividend yield | 0.83% | 2.73% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | EXPD | NRC |
|---|---|---|
| 2022 | -21.7% | -8.2% |
| 2023 | +23.9% | +9.6% |
| 2024 | -11.9% | -54.5% |
| 2025 | +36.2% | +10.0% |
| 2026 | +28.7% | +19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXPD and NRC good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between EXPD and NRC?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.47 over the last year and 0.32 over 5 years.
Is NRC a good diversifier for EXPD?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 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-nrc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/expd-vs-nrc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EXPD correlations · NRC correlations
