TFII vs XPO: Correlation
How closely do TFI International Inc. (TFII) and XPO, Inc. (XPO) 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 TFII and XPO?
On 3 years of weekly data the TFII/XPO correlation comes out at 0.63, strong. The relationship has been stable: the 1-year correlation (0.61) sits close to the 3-year figure. The 5-year figure is 0.59, and annualized covariance runs at 1084.9 %².
Among the 11 assets we track against TFII, XPO ranks #5 by 3-year correlation. Neither side won the trailing year by much: +45.9% against +45.0%.
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.
TFII vs XPO: side by side
| TFII (TFI International Inc.) | XPO (XPO, Inc.) | |
|---|---|---|
| 1-year return | +45.9% | +45.0% |
| 5-year return | +27.7% | +267.0% |
| Volatility (ann.) | 35.1% | 48.7% |
| Beta vs S&P 500 | 1.02 | 1.58 |
| Max drawdown (3Y) | -53.8% | -42.2% |
| Market cap | $11.2B | $22.4B |
| P/E (trailing) | 33.2 | 56.9 |
| Dividend yield | 1.38% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TFII | XPO |
|---|---|---|
| 2022 | -9.5% | -27.6% |
| 2023 | +37.3% | +163.1% |
| 2024 | +0.5% | +49.7% |
| 2025 | -22.7% | +3.6% |
| 2026 | +32.9% | +41.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TFII and XPO 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 TFII and XPO?
As of 2026-08-27, the correlation of weekly returns between TFII and XPO is 0.63 over 3 years, 0.61 over 1 year and 0.59 over 5 years.
Is XPO a good diversifier for TFII?
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.
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Related comparisons
Hubs: TFII correlations · XPO correlations
