EXPD vs USAR: Correlation
How closely do Expeditors International (EXPD) and USA Rare Earth, Inc. (USAR) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXPD and USAR?
Across a 3-year window, the weekly returns of EXPD and USAR correlate at -0.21, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.14 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -508.5 %².
By 3-year correlation, USAR places #27 of the 33 assets tracked against EXPD. The last year tells two different stories: EXPD led by 34.8 percentage points, +57.5% for EXPD against +22.7% for USAR. Risk is not evenly split, since USAR carries 4.1 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 USAR: side by side
| EXPD (Expeditors International) | USAR (USA Rare Earth, Inc.) | |
|---|---|---|
| 1-year return | +57.5% | +22.7% |
| 5-year return | +60.9% | n/a |
| Volatility (ann.) | 24.2% | 98.3% |
| Beta vs S&P 500 | 0.65 | -0.14 |
| Max drawdown (3Y) | -21.3% | -69.2% |
| Market cap | $24.8B | $4.7B |
| P/E (trailing) | 27.7 | – |
| Dividend yield | 0.83% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | EXPD | USAR |
|---|---|---|
| 2022 | -21.7% | – |
| 2023 | +23.9% | – |
| 2024 | -11.9% | +11.1% |
| 2025 | +36.2% | +3.7% |
| 2026 | +28.7% | +61.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXPD and USAR good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between EXPD and USAR?
The EXPD/USAR correlation stands at -0.21 on a 3-year window (1 year: -0.14, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is USAR a good diversifier for EXPD?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/expd-vs-usar.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/expd-vs-usar/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EXPD correlations · USAR correlations
