GXO vs SRRK: Correlation
GXO Logistics, Inc. (GXO) and Scholar Rock Holding Corporation (SRRK) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GXO and SRRK?
Across a 3-year window, the weekly returns of GXO and SRRK correlate at 0.42, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.01 versus 0.42 over 3 years. Stretching to 5 years gives 0.33, with an annualized covariance of 2615.5 %².
By 3-year correlation, SRRK places #8 of the 16 assets tracked against GXO. Correlation aside, the last 12 months split them widely, with SRRK ahead by 82.0 points (-10.1% versus +71.9%). Risk is not evenly split, since SRRK carries 4.4 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.
GXO vs SRRK: side by side
| GXO (GXO Logistics, Inc.) | SRRK (Scholar Rock Holding Corporation) | |
|---|---|---|
| 1-year return | -10.1% | +71.9% |
| 5-year return | -43.5% | +54.0% |
| Volatility (ann.) | 37.5% | 164.2% |
| Beta vs S&P 500 | 1.06 | 1.48 |
| Max drawdown (3Y) | -51.6% | -65.2% |
| Market cap | $5.5B | $7.2B |
| P/E (trailing) | 42.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GXO | SRRK |
|---|---|---|
| 2022 | -53.0% | -63.6% |
| 2023 | +43.3% | +107.7% |
| 2024 | -28.9% | +129.9% |
| 2025 | +21.0% | +1.9% |
| 2026 | -8.9% | +34.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GXO and SRRK good diversifiers for each other?
Reasonably. At 0.42, GXO and SRRK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GXO and SRRK?
The GXO/SRRK correlation stands at 0.42 on a 3-year window (1 year: 0.01, 5 years: 0.33), computed from weekly returns as of 2026-08-27.
Is SRRK a good diversifier for GXO?
Reasonably. At 0.42, GXO and SRRK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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/gxo-vs-srrk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gxo-vs-srrk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GXO correlations · SRRK correlations
