LSTR vs ULH: Correlation
Measured on weekly returns over the past three years, Landstar System, Inc. (LSTR) and Universal Logistics Holdings, Inc. (ULH) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LSTR and ULH?
On 3 years of weekly data the LSTR/ULH correlation comes out at 0.53, moderate. Recent behaviour matches the longer record: 0.45 over 1 year against 0.53 over 3. The 5-year figure is 0.53, and annualized covariance runs at 1027.4 %².
Among the 23 assets we track against LSTR, ULH ranks #12 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months LSTR outperformed by 65.9 percentage points (+39.9% for LSTR against -26.0% for ULH). One caveat on sizing: ULH is 2.4 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.
LSTR vs ULH: side by side
| LSTR (Landstar System, Inc.) | ULH (Universal Logistics Holdings, Inc.) | |
|---|---|---|
| 1-year return | +39.9% | -26.0% |
| 5-year return | +17.0% | -5.6% |
| Volatility (ann.) | 28.2% | 68.3% |
| Beta vs S&P 500 | 0.83 | 1.46 |
| Max drawdown (3Y) | -37.5% | -76.1% |
| Market cap | $6.2B | $0.5B |
| P/E (trailing) | 47.0 | – |
| Dividend yield | 0.88% | 2.19% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LSTR | ULH |
|---|---|---|
| 2022 | -7.3% | +79.9% |
| 2023 | +21.2% | -14.9% |
| 2024 | -9.7% | +65.6% |
| 2025 | -14.4% | -66.3% |
| 2026 | +29.2% | +26.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LSTR and ULH good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between LSTR and ULH?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.45 over the last year and 0.53 over 5 years.
Is ULH a good diversifier for LSTR?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/lstr-vs-ulh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lstr-vs-ulh/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LSTR correlations · ULH correlations
