EXPD vs SWK: Correlation
Measured on weekly returns over the past three years, Expeditors International (EXPD) and Stanley Black & Decker (SWK) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXPD and SWK?
Over the past 3 years, EXPD and SWK moved with a correlation of 0.42, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.27 versus 0.42 over 3 years. Over 5 years the correlation is 0.50, and the annualized covariance of weekly returns is 357.5 %².
Within EXPD's tracked universe of 33 assets, SWK comes in at #18 by 3-year correlation. The last year tells two different stories: EXPD led by 20.5 percentage points, +57.5% for EXPD against +37.0% for SWK. The relationship is regime-dependent: the rolling one-year correlation swung between 0.24 and 0.74 over the past three years, so this pair behaves very differently depending on the market environment.
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 SWK: side by side
| EXPD (Expeditors International) | SWK (Stanley Black & Decker) | |
|---|---|---|
| 1-year return | +57.5% | +37.0% |
| 5-year return | +60.9% | -39.1% |
| Volatility (ann.) | 24.2% | 35.4% |
| Beta vs S&P 500 | 0.65 | 1.19 |
| Max drawdown (3Y) | -21.3% | -48.3% |
| Market cap | $24.8B | $15.0B |
| P/E (trailing) | 27.7 | 24.4 |
| Dividend yield | 0.83% | 3.33% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | EXPD | SWK |
|---|---|---|
| 2022 | -21.7% | -58.9% |
| 2023 | +23.9% | +35.6% |
| 2024 | -11.9% | -15.2% |
| 2025 | +36.2% | -3.2% |
| 2026 | +28.7% | +36.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXPD and SWK good diversifiers for each other?
Reasonably. At 0.42, EXPD and SWK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EXPD and SWK?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.27 over the last year and 0.50 over 5 years.
Is SWK a good diversifier for EXPD?
Reasonably. At 0.42, EXPD and SWK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 mean?
A reading of 0.42 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-swk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/expd-vs-swk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EXPD correlations · SWK correlations
