R vs UNP: Correlation
How closely do Ryder System, Inc. (R) and Union Pacific Corporation (UNP) trade together? Their weekly returns over three years give a correlation of 0.65, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are R and UNP?
Over the past 3 years, R and UNP moved with a correlation of 0.65, which is strong. Recent behaviour matches the longer record: 0.59 over 1 year against 0.65 over 3. Over 5 years the correlation is 0.58, and the annualized covariance of weekly returns is 414.2 %².
In R's tracked universe of 21 assets, UNP sits right near the top at #3. Over the last 12 months UNP came out ahead by 7.5 percentage points (+34.9% against +42.4%). Risk is not evenly split, since R carries 1.5 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.
R vs UNP: side by side
| R (Ryder System, Inc.) | UNP (Union Pacific Corporation) | |
|---|---|---|
| 1-year return | +34.9% | +42.4% |
| 5-year return | +245.8% | +56.5% |
| Volatility (ann.) | 31.1% | 20.6% |
| Beta vs S&P 500 | 1.09 | 0.56 |
| Max drawdown (3Y) | -23.9% | -17.8% |
| Market cap | $9.5B | $182.8B |
| P/E (trailing) | 20.3 | 25.1 |
| Dividend yield | 1.46% | 1.78% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | R | UNP |
|---|---|---|
| 2022 | +4.4% | -15.9% |
| 2023 | +41.6% | +21.6% |
| 2024 | +39.5% | -5.1% |
| 2025 | +24.5% | +3.9% |
| 2026 | +31.2% | +34.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are R and UNP good diversifiers for each other?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between R and UNP?
As of 2026-08-27, the correlation of weekly returns between R and UNP is 0.65 over 3 years, 0.59 over 1 year and 0.58 over 5 years.
Is UNP a good diversifier for R?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.65 mean?
A reading of 0.65 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/r-vs-unp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/r-vs-unp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: R correlations · UNP correlations
