FDX vs RGS: Correlation
FedEx (FDX) and Regis Corporation (RGS) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FDX and RGS?
On 3 years of weekly data the FDX/RGS correlation comes out at 0.39, moderate. Lately the two have drifted apart, with the 1-year correlation at -0.06 versus 0.39 over 3 years. The 5-year figure is 0.30, and annualized covariance runs at 2682.2 %².
By 3-year correlation, RGS places #23 of the 36 assets tracked against FDX. Their recent paths diverged sharply: over the last 12 months FDX outperformed by 60.9 percentage points (+80.6% for FDX against +19.7% for RGS). Note the risk asymmetry: RGS runs 7.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 RGS: side by side
| FDX (FedEx) | RGS (Regis Corporation) | |
|---|---|---|
| 1-year return | +80.6% | +19.7% |
| 5-year return | +71.0% | -75.3% |
| Volatility (ann.) | 30.7% | 226.7% |
| Beta vs S&P 500 | 0.89 | 0.65 |
| Max drawdown (3Y) | -35.9% | -81.1% |
| Market cap | $78.4B | – |
| P/E (trailing) | 18.1 | 0.6 |
| Dividend yield | 1.66% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | FDX | RGS |
|---|---|---|
| 2022 | -31.6% | -29.9% |
| 2023 | +49.1% | -61.3% |
| 2024 | +13.5% | +151.0% |
| 2025 | +5.1% | +17.0% |
| 2026 | +43.5% | -2.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FDX and RGS good diversifiers for each other?
Reasonably. At 0.39, FDX and RGS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FDX and RGS?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with -0.06 over the last year and 0.30 over 5 years.
Is RGS a good diversifier for FDX?
Reasonably. At 0.39, FDX and RGS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
A reading of 0.39 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-rgs.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fdx-vs-rgs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FDX correlations · RGS correlations
