FLXS vs XPO: Correlation
How closely do Flexsteel Industries, Inc. (FLXS) and XPO, Inc. (XPO) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLXS and XPO?
On 3 years of weekly data the FLXS/XPO correlation comes out at 0.44, moderate. The link has tightened recently: the 1-year correlation (0.56) runs above the 3-year figure (0.44). The 5-year figure is 0.34, and annualized covariance runs at 1277.0 %².
Within FLXS's tracked universe of 13 assets, XPO comes in at #5 by 3-year correlation. The last year tells two different stories: FLXS led by 38.0 percentage points, +83.0% for FLXS against +45.0% for XPO.
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.
FLXS vs XPO: side by side
| FLXS (Flexsteel Industries, Inc.) | XPO (XPO, Inc.) | |
|---|---|---|
| 1-year return | +83.0% | +45.0% |
| 5-year return | +162.8% | +267.0% |
| Volatility (ann.) | 58.9% | 48.7% |
| Beta vs S&P 500 | 0.68 | 1.58 |
| Max drawdown (3Y) | -54.1% | -42.2% |
| Market cap | $0.3B | $22.4B |
| P/E (trailing) | 13.4 | 56.9 |
| Dividend yield | 1.04% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FLXS | XPO |
|---|---|---|
| 2022 | -40.7% | -27.6% |
| 2023 | +26.1% | +163.1% |
| 2024 | +192.9% | +49.7% |
| 2025 | -25.9% | +3.6% |
| 2026 | +109.7% | +41.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLXS and XPO good diversifiers for each other?
Reasonably. At 0.44, FLXS and XPO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FLXS and XPO?
As of 2026-08-27, the correlation of weekly returns between FLXS and XPO is 0.44 over 3 years, 0.56 over 1 year and 0.34 over 5 years.
Is XPO a good diversifier for FLXS?
Reasonably. At 0.44, FLXS and XPO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
A reading of 0.44 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/flxs-vs-xpo.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/flxs-vs-xpo/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FLXS correlations · XPO correlations
