EXPO vs LSTR: Correlation
How closely do Exponent, Inc. (EXPO) and Landstar System, Inc. (LSTR) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXPO and LSTR?
On 3 years of weekly data the EXPO/LSTR correlation comes out at 0.51, moderate. Little has changed lately, as the 1-year reading of 0.44 lands near the 3-year figure. The 5-year figure is 0.49, and annualized covariance runs at 452.8 %².
Among the 13 assets we track against EXPO, LSTR ranks #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with LSTR ahead by 40.7 points (-0.8% versus +39.9%).
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.
EXPO vs LSTR: side by side
| EXPO (Exponent, Inc.) | LSTR (Landstar System, Inc.) | |
|---|---|---|
| 1-year return | -0.8% | +39.9% |
| 5-year return | -35.2% | +17.0% |
| Volatility (ann.) | 31.7% | 28.2% |
| Beta vs S&P 500 | 0.84 | 0.83 |
| Max drawdown (3Y) | -52.4% | -37.5% |
| Market cap | $3.4B | $6.2B |
| P/E (trailing) | 31.9 | 47.0 |
| Dividend yield | 1.73% | 0.88% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EXPO | LSTR |
|---|---|---|
| 2022 | -14.3% | -7.3% |
| 2023 | -10.1% | +21.2% |
| 2024 | +2.4% | -9.7% |
| 2025 | -20.8% | -14.4% |
| 2026 | +3.4% | +29.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXPO and LSTR good diversifiers for each other?
Only partially. A correlation of 0.51 means EXPO and LSTR 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 EXPO and LSTR?
As of 2026-08-27, the correlation of weekly returns between EXPO and LSTR is 0.51 over 3 years, 0.44 over 1 year and 0.49 over 5 years.
Is LSTR a good diversifier for EXPO?
Only partially. A correlation of 0.51 means EXPO and LSTR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 mean?
On the −1 to +1 scale, 0.51 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/expo-vs-lstr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/expo-vs-lstr/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EXPO correlations · LSTR correlations
