GXO vs PESI: Correlation
GXO Logistics, Inc. (GXO) and Perma-Fix Environmental Services, Inc. (PESI) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GXO and PESI?
Over the past 3 years, GXO and PESI moved with a correlation of 0.49, which is moderate. The relationship has been stable: the 1-year correlation (0.56) sits close to the 3-year figure. Over 5 years the correlation is 0.28, and the annualized covariance of weekly returns is 1094.7 %².
Among the 16 assets we track against GXO, PESI ranks #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PESI ahead by 71.5 points (-10.1% versus +61.4%). One caveat on sizing: PESI is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
GXO vs PESI: side by side
| GXO (GXO Logistics, Inc.) | PESI (Perma-Fix Environmental Services, Inc.) | |
|---|---|---|
| 1-year return | -10.1% | +61.4% |
| 5-year return | -43.5% | +234.5% |
| Volatility (ann.) | 37.5% | 59.3% |
| Beta vs S&P 500 | 1.06 | 1.10 |
| Max drawdown (3Y) | -51.6% | -58.0% |
| Market cap | $5.5B | $0.4B |
| P/E (trailing) | 42.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GXO | PESI |
|---|---|---|
| 2022 | -53.0% | -44.2% |
| 2023 | +43.3% | +122.7% |
| 2024 | -28.9% | +40.8% |
| 2025 | +21.0% | +13.7% |
| 2026 | -8.9% | +53.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GXO and PESI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GXO and PESI?
As of 2026-08-27, the correlation of weekly returns between GXO and PESI is 0.49 over 3 years, 0.56 over 1 year and 0.28 over 5 years.
Is PESI a good diversifier for GXO?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 mean?
A reading of 0.49 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/gxo-vs-pesi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gxo-vs-pesi/)
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Related comparisons
Hubs: GXO correlations · PESI correlations
