PRGO vs RXO: Correlation
How closely do Perrigo Company plc (PRGO) and RXO, Inc. (RXO) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PRGO and RXO?
Across a 3-year window, the weekly returns of PRGO and RXO correlate at 0.45, moderate. The past 12 months show a tighter link (0.56) than the 3-year average (0.45). Stretching to 5 years gives 0.39, with an annualized covariance of 1197.1 %².
Within PRGO's tracked universe of 10 assets, RXO comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months RXO outperformed by 73.4 percentage points (-36.1% for PRGO against +37.3% for RXO).
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.
PRGO vs RXO: side by side
| PRGO (Perrigo Company plc) | RXO (RXO, Inc.) | |
|---|---|---|
| 1-year return | -36.1% | +37.3% |
| 5-year return | -56.9% | n/a |
| Volatility (ann.) | 43.6% | 60.7% |
| Beta vs S&P 500 | 0.82 | 1.66 |
| Max drawdown (3Y) | -71.6% | -67.1% |
| Market cap | $2.0B | $3.7B |
| P/E (trailing) | – | – |
| Dividend yield | 7.86% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PRGO | RXO |
|---|---|---|
| 2022 | -9.8% | – |
| 2023 | -2.5% | +35.2% |
| 2024 | -16.9% | +2.5% |
| 2025 | -44.0% | -47.0% |
| 2026 | +8.3% | +76.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PRGO and RXO good diversifiers for each other?
Reasonably. At 0.45, PRGO and RXO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between PRGO and RXO?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.56 over the last year and 0.39 over 5 years.
Is RXO a good diversifier for PRGO?
Reasonably. At 0.45, PRGO and RXO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 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/prgo-vs-rxo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/prgo-vs-rxo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PRGO correlations · RXO correlations
