LSTR vs RXO: Correlation
How closely do Landstar System, Inc. (LSTR) and RXO, Inc. (RXO) trade together? Their weekly returns over three years give a correlation of 0.73, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LSTR and RXO?
On 3 years of weekly data the LSTR/RXO correlation comes out at 0.73, strong. Recent behaviour matches the longer record: 0.77 over 1 year against 0.73 over 3. The 5-year figure is 0.68, and annualized covariance runs at 1241.5 %².
By 3-year correlation, RXO places #4 of the 23 assets tracked against LSTR. Twelve-month performance is nearly a tie, at +39.9% for LSTR and +37.3% for RXO. Note the risk asymmetry: RXO runs 2.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
LSTR vs RXO: side by side
| LSTR (Landstar System, Inc.) | RXO (RXO, Inc.) | |
|---|---|---|
| 1-year return | +39.9% | +37.3% |
| 5-year return | +17.0% | n/a |
| Volatility (ann.) | 28.2% | 60.7% |
| Beta vs S&P 500 | 0.83 | 1.66 |
| Max drawdown (3Y) | -37.5% | -67.1% |
| Market cap | $6.2B | $3.7B |
| P/E (trailing) | 47.0 | – |
| Dividend yield | 0.88% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LSTR | RXO |
|---|---|---|
| 2022 | -7.3% | – |
| 2023 | +21.2% | +35.2% |
| 2024 | -9.7% | +2.5% |
| 2025 | -14.4% | -47.0% |
| 2026 | +29.2% | +76.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LSTR and RXO good diversifiers for each other?
Somewhat, no more. With 0.73 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between LSTR and RXO?
As of 2026-08-27, the correlation of weekly returns between LSTR and RXO is 0.73 over 3 years, 0.77 over 1 year and 0.68 over 5 years.
Is RXO a good diversifier for LSTR?
Somewhat, no more. With 0.73 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.73 mean?
A reading of 0.73 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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[](https://www.pairbook.io/pair/lstr-vs-rxo/)
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Related comparisons
Hubs: LSTR correlations · RXO correlations
