FDX vs RF: Correlation
Measured on weekly returns over the past three years, FedEx (FDX) and Regions Financial Corporation (RF) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FDX and RF?
Across a 3-year window, the weekly returns of FDX and RF correlate at 0.54, moderate. The relationship has been stable: the 1-year correlation (0.60) sits close to the 3-year figure. Stretching to 5 years gives 0.42, with an annualized covariance of 484.8 %².
By 3-year correlation, RF places #9 of the 36 assets tracked against FDX. Their recent paths diverged sharply: over the last 12 months FDX outperformed by 65.2 percentage points (+80.6% for FDX against +15.4% for RF). Across three years, the rolling one-year figure varied moderately, from 0.29 to 0.66.
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.
FDX vs RF: side by side
| FDX (FedEx) | RF (Regions Financial Corporation) | |
|---|---|---|
| 1-year return | +80.6% | +15.4% |
| 5-year return | +71.0% | +83.5% |
| Volatility (ann.) | 30.7% | 29.2% |
| Beta vs S&P 500 | 0.89 | 1.09 |
| Max drawdown (3Y) | -35.9% | -31.9% |
| Market cap | $78.4B | $25.9B |
| P/E (trailing) | 18.1 | 12.4 |
| Dividend yield | 1.66% | 3.45% |
| Sector / category | Industrials | Financials |
Year-by-year returns
| Year | FDX | RF |
|---|---|---|
| 2022 | -31.6% | +2.3% |
| 2023 | +49.1% | -5.7% |
| 2024 | +13.5% | +27.0% |
| 2025 | +5.1% | +20.2% |
| 2026 | +43.5% | +14.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FDX and RF good diversifiers for each other?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between FDX and RF?
As of 2026-08-27, the correlation of weekly returns between FDX and RF is 0.54 over 3 years, 0.60 over 1 year and 0.42 over 5 years.
Is RF a good diversifier for FDX?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.54 mean?
A reading of 0.54 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/fdx-vs-rf.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fdx-vs-rf/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FDX correlations · RF correlations
