EXPD vs WERN: Correlation
Expeditors International (EXPD) and Werner Enterprises, Inc. (WERN) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXPD and WERN?
Across a 3-year window, the weekly returns of EXPD and WERN correlate at 0.47, moderate. Little has changed lately, as the 1-year reading of 0.38 lands near the 3-year figure. Stretching to 5 years gives 0.54, with an annualized covariance of 341.4 %².
By 3-year correlation, WERN places #11 of the 33 assets tracked against EXPD. Correlation aside, the last 12 months split them widely, with EXPD ahead by 21.5 points (+57.5% versus +36.0%).
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 WERN: side by side
| EXPD (Expeditors International) | WERN (Werner Enterprises, Inc.) | |
|---|---|---|
| 1-year return | +57.5% | +36.0% |
| 5-year return | +60.9% | -14.3% |
| Volatility (ann.) | 24.2% | 29.9% |
| Beta vs S&P 500 | 0.65 | 0.80 |
| Max drawdown (3Y) | -21.3% | -44.5% |
| Market cap | $24.8B | $2.3B |
| P/E (trailing) | 27.7 | – |
| Dividend yield | 0.83% | 1.44% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | EXPD | WERN |
|---|---|---|
| 2022 | -21.7% | -14.4% |
| 2023 | +23.9% | +6.6% |
| 2024 | -11.9% | -14.2% |
| 2025 | +36.2% | -14.9% |
| 2026 | +28.7% | +30.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXPD and WERN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between EXPD and WERN?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.38 over the last year and 0.54 over 5 years.
Is WERN a good diversifier for EXPD?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 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-wern.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/expd-vs-wern/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EXPD correlations · WERN correlations
