FDX vs WTFC: Correlation
FedEx (FDX) and Wintrust Financial Corporation (WTFC) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FDX and WTFC?
Across a 3-year window, the weekly returns of FDX and WTFC correlate at 0.52, moderate. Recent behaviour matches the longer record: 0.53 over 1 year against 0.52 over 3. Stretching to 5 years gives 0.42, with an annualized covariance of 441.5 %².
Among the 36 assets we track against FDX, WTFC ranks #15 by 3-year correlation. Correlation aside, the last 12 months split them widely, with FDX ahead by 67.9 points (+80.6% versus +12.7%).
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 WTFC: side by side
| FDX (FedEx) | WTFC (Wintrust Financial Corporation) | |
|---|---|---|
| 1-year return | +80.6% | +12.7% |
| 5-year return | +71.0% | +127.7% |
| Volatility (ann.) | 30.7% | 27.6% |
| Beta vs S&P 500 | 0.89 | 1.06 |
| Max drawdown (3Y) | -35.9% | -31.0% |
| Market cap | $78.4B | $10.3B |
| P/E (trailing) | 18.1 | 12.3 |
| Dividend yield | 1.66% | 1.37% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | FDX | WTFC |
|---|---|---|
| 2022 | -31.6% | -5.5% |
| 2023 | +49.1% | +12.0% |
| 2024 | +13.5% | +36.8% |
| 2025 | +5.1% | +13.9% |
| 2026 | +43.5% | +10.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FDX and WTFC good diversifiers for each other?
To a limited degree. At 0.52 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 WTFC?
The FDX/WTFC correlation stands at 0.52 on a 3-year window (1 year: 0.53, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is WTFC a good diversifier for FDX?
To a limited degree. At 0.52 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 0.52 mean?
A reading of 0.52 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: FDX correlations · WTFC correlations
