RXO vs WERN: Correlation
How closely do RXO, Inc. (RXO) and Werner Enterprises, Inc. (WERN) trade together? Their weekly returns over three years give a correlation of 0.63, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RXO and WERN?
Over the past 3 years, RXO and WERN moved with a correlation of 0.63, which is strong. The relationship has been stable: the 1-year correlation (0.67) sits close to the 3-year figure. Over 5 years the correlation is 0.60, and the annualized covariance of weekly returns is 1144.9 %².
Within RXO's tracked universe of 16 assets, WERN comes in at #4 by 3-year correlation. Neither side won the trailing year by much: +37.3% against +36.0%. One caveat on sizing: RXO is 2.0 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.
RXO vs WERN: side by side
| RXO (RXO, Inc.) | WERN (Werner Enterprises, Inc.) | |
|---|---|---|
| 1-year return | +37.3% | +36.0% |
| 5-year return | n/a | -14.3% |
| Volatility (ann.) | 60.7% | 29.9% |
| Beta vs S&P 500 | 1.66 | 0.80 |
| Max drawdown (3Y) | -67.1% | -44.5% |
| Market cap | $3.7B | $2.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.44% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RXO | WERN |
|---|---|---|
| 2022 | – | -14.4% |
| 2023 | +35.2% | +6.6% |
| 2024 | +2.5% | -14.2% |
| 2025 | -47.0% | -14.9% |
| 2026 | +76.3% | +30.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RXO and WERN good diversifiers for each other?
To a limited degree. At 0.63 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 RXO and WERN?
Using weekly returns as of 2026-08-27: 0.63 over 3 years, with 0.67 over the last year and 0.60 over 5 years.
Is WERN a good diversifier for RXO?
To a limited degree. At 0.63 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 0.63 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/rxo-vs-wern.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rxo-vs-wern/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RXO correlations · WERN correlations
