FDX vs YHGJ: Correlation
How closely do FedEx (FDX) and Yunhong Green CTI Ltd. (YHGJ) trade together? Their weekly returns over three years give a correlation of -0.17, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FDX and YHGJ?
On 3 years of weekly data the FDX/YHGJ correlation comes out at -0.17, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.31) runs below the 3-year figure (-0.17). The 5-year figure is -0.04, and annualized covariance runs at -477.1 %².
Within FDX's tracked universe of 36 assets, YHGJ comes in at #28 by 3-year correlation. The last year tells two different stories: FDX led by 125.5 percentage points, +80.6% for FDX against -44.9% for YHGJ. Risk is not evenly split, since YHGJ carries 2.9 times the volatility of the other side.
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 YHGJ: side by side
| FDX (FedEx) | YHGJ (Yunhong Green CTI Ltd.) | |
|---|---|---|
| 1-year return | +80.6% | -44.9% |
| 5-year return | +71.0% | -85.6% |
| Volatility (ann.) | 30.7% | 90.5% |
| Beta vs S&P 500 | 0.89 | -0.69 |
| Max drawdown (3Y) | -35.9% | -91.7% |
| Market cap | $78.4B | – |
| P/E (trailing) | 18.1 | – |
| Dividend yield | 1.66% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | FDX | YHGJ |
|---|---|---|
| 2022 | -31.6% | -12.6% |
| 2023 | +49.1% | +105.8% |
| 2024 | +13.5% | -74.3% |
| 2025 | +5.1% | -34.0% |
| 2026 | +43.5% | -19.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FDX and YHGJ good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between FDX and YHGJ?
Using weekly returns as of 2026-08-27: -0.17 over 3 years, with -0.31 over the last year and -0.04 over 5 years.
Is YHGJ a good diversifier for FDX?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
What does a correlation of -0.17 mean?
On the −1 to +1 scale, -0.17 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/fdx-vs-yhgj.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fdx-vs-yhgj/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FDX correlations · YHGJ correlations
