LSTR vs WERN: Correlation
Measured on weekly returns over the past three years, Landstar System, Inc. (LSTR) and Werner Enterprises, Inc. (WERN) carry a correlation of 0.79, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LSTR and WERN?
On 3 years of weekly data the LSTR/WERN correlation comes out at 0.79, strong. The relationship has been stable: the 1-year correlation (0.78) sits close to the 3-year figure. The 5-year figure is 0.77, and annualized covariance runs at 663.3 %².
In LSTR's tracked universe of 23 assets, WERN sits right near the top at #2. Neither side won the trailing year by much: +39.9% against +36.0%.
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 WERN: side by side
| LSTR (Landstar System, Inc.) | WERN (Werner Enterprises, Inc.) | |
|---|---|---|
| 1-year return | +39.9% | +36.0% |
| 5-year return | +17.0% | -14.3% |
| Volatility (ann.) | 28.2% | 29.9% |
| Beta vs S&P 500 | 0.83 | 0.80 |
| Max drawdown (3Y) | -37.5% | -44.5% |
| Market cap | $6.2B | $2.3B |
| P/E (trailing) | 47.0 | – |
| Dividend yield | 0.88% | 1.44% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LSTR | WERN |
|---|---|---|
| 2022 | -7.3% | -14.4% |
| 2023 | +21.2% | +6.6% |
| 2024 | -9.7% | -14.2% |
| 2025 | -14.4% | -14.9% |
| 2026 | +29.2% | +30.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LSTR and WERN good diversifiers for each other?
To a limited degree. At 0.79 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between LSTR and WERN?
As of 2026-08-27, the correlation of weekly returns between LSTR and WERN is 0.79 over 3 years, 0.78 over 1 year and 0.77 over 5 years.
Is WERN a good diversifier for LSTR?
To a limited degree. At 0.79 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.79 mean?
A reading of 0.79 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/lstr-vs-wern.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lstr-vs-wern/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LSTR correlations · WERN correlations
