C.H. Robinson Worldwide Inc. vs Expeditors International of Washington Inc.
Why these are rivals: #1 and #2 by market value ($26B vs $16B) in Nasdaq's "Integrated Freight & Logistics" industry; SEC SIC 4731 / 4731 (same major group); #1 and #2 by market value ($26B vs $16B) with SEC SIC 4731 (Arrangement of Transportation of Freight & Cargo).
Rivals, but right now the price gap does not have a measured habit of closing, so there is no paper idea, whatever the gap.
- Co-movement: daily return correlation, 252 sessions: 0.56 (needs >= 0.60)
- Mean reversion: ADF t-statistic of the spread: -0.16 (needs <= -2.873 (5% critical value))
- Speed: half-life of the spread, sessions: 1043.01 (needs <= 63)
CHRW is the larger business
Annual revenue reported to the SEC. Scale, not market share.
| Year | CHRW | EXPD | Larger |
|---|---|---|---|
| 2025 | $16.2B | $11.1B | CHRW |
| 2024 | $17.7B | $10.6B | CHRW |
| 2023 | $17.6B | $9.3B | CHRW |
| 2022 | $24.7B | $17.1B | CHRW |
| 2021 | $23.1B | $16.5B | CHRW |
| 2020 | $16.2B | $9.6B | CHRW |
CHRW led in every year with figures for both. Market value: CHRW $16.2B, EXPD $25.6B.
EXPD is ahead now
Measured against the pair's own last 252 trading days.
EXPD leads CHRW by 2.14 standard deviations: +43.6% over its usual price ratio. 1 lead switch in the last year.
| Price change | 3 mo | 6 mo | 12 mo |
|---|---|---|---|
| CHRW | -23.7% | -22.5% | +10.9% |
| EXPD | +11.9% | +31.0% | +62.1% |
Not a measured twin today
Only these tests can make a pair tradable on paper.
- Pass
- Aligned sessions: 2521 (needs >= 254)
- Fail
- Co-movement: daily return correlation, 252 sessions: 0.56 (needs >= 0.60)
- Fail
- Mean reversion: ADF t-statistic of the spread: -0.16 (needs <= -2.873 (5% critical value))
- Fail
- Speed: half-life of the spread, sessions: 1043.01 (needs <= 63)
- Data
- Both stocks current
Prices side by side, and the gap between them
Data table (504 sessions)
| Date | CHRW index | EXPD index | z | Ahead |
|---|---|---|---|---|
| 2026-10-22 | 129.23 | 162.81 | -2.14 | EXPD ahead |
| 2026-10-21 | 127.99 | 163.49 | -2.26 | EXPD ahead |
| 2026-10-20 | 127.65 | 164.66 | -2.35 | EXPD ahead |
| 2026-10-19 | 126.08 | 163.33 | -2.41 | EXPD ahead |
| 2026-10-16 | 126.67 | 162.58 | -2.39 | EXPD ahead |
| 2026-10-15 | 130.60 | 164.85 | -2.32 | EXPD ahead |
| 2026-10-14 | 126.63 | 162.97 | -2.48 | EXPD ahead |
| 2026-10-13 | 125.28 | 161.93 | -2.55 | EXPD ahead |
| 2026-10-12 | 126.90 | 160.51 | -2.46 | EXPD ahead |
| 2026-10-09 | 129.23 | 160.37 | -2.37 | EXPD ahead |
| 2026-10-08 | 128.35 | 160.76 | -2.47 | EXPD ahead |
| 2026-10-07 | 122.75 | 158.38 | -2.72 | EXPD ahead |
| 2026-10-06 | 122.63 | 159.17 | -2.81 | EXPD ahead |
| 2026-10-05 | 127.68 | 161.10 | -2.66 | EXPD ahead |
| 2026-10-02 | 143.22 | 159.73 | -1.83 | EXPD ahead |
| 2026-10-01 | 139.06 | 155.80 | -1.88 | EXPD ahead |
| 2026-09-30 | 134.36 | 153.23 | -2.03 | EXPD ahead |
| 2026-09-29 | 135.95 | 156.15 | -2.11 | EXPD ahead |
| 2026-09-28 | 134.61 | 156.50 | -2.23 | EXPD ahead |
| 2026-09-25 | 133.58 | 155.57 | -2.27 | EXPD ahead |
| 2026-09-24 | 132.76 | 152.41 | -2.20 | EXPD ahead |
| 2026-09-23 | 135.91 | 156.04 | -2.23 | EXPD ahead |
| 2026-09-22 | 135.81 | 155.61 | -2.25 | EXPD ahead |
| 2026-09-21 | 138.79 | 159.46 | -2.30 | EXPD ahead |
| 2026-09-18 | 138.92 | 158.46 | -2.28 | EXPD ahead |
| 2026-09-17 | 139.68 | 156.91 | -2.19 | EXPD ahead |
| 2026-09-16 | 139.36 | 156.88 | -2.24 | EXPD ahead |
| 2026-09-15 | 143.14 | 160.91 | -2.26 | EXPD ahead |
| 2026-09-14 | 142.85 | 160.67 | -2.29 | EXPD ahead |
| 2026-09-11 | 138.73 | 159.83 | -2.52 | EXPD ahead |
| 2026-09-10 | 138.41 | 157.11 | -2.44 | EXPD ahead |
| 2026-09-09 | 136.62 | 156.27 | -2.54 | EXPD ahead |
| 2026-09-08 | 136.30 | 154.32 | -2.50 | EXPD ahead |
| 2026-09-04 | 134.07 | 156.68 | -2.81 | EXPD ahead |
| 2026-09-03 | 133.20 | 155.29 | -2.85 | EXPD ahead |
| 2026-09-02 | 131.85 | 154.49 | -2.95 | EXPD ahead |
| 2026-09-01 | 134.28 | 155.77 | -2.92 | EXPD ahead |
| 2026-08-31 | 135.90 | 157.39 | -2.97 | EXPD ahead |
| 2026-08-28 | 136.56 | 158.48 | -3.05 | EXPD ahead |
| 2026-08-27 | 137.24 | 158.27 | -3.06 | EXPD ahead |
| 2026-08-26 | 137.78 | 157.83 | -3.06 | EXPD ahead |
| 2026-08-25 | 130.45 | 156.89 | -3.62 | EXPD ahead |
| 2026-08-24 | 129.73 | 155.88 | -3.72 | EXPD ahead |
| 2026-08-21 | 128.61 | 155.86 | -3.93 | EXPD ahead |
| 2026-08-20 | 130.61 | 154.69 | -3.80 | EXPD ahead |
| 2026-08-19 | 131.23 | 154.72 | -3.87 | EXPD ahead |
| 2026-08-18 | 131.37 | 154.32 | -3.95 | EXPD ahead |
| 2026-08-17 | 131.47 | 156.24 | -4.23 | EXPD ahead |
| 2026-08-14 | 134.91 | 154.46 | -3.91 | EXPD ahead |
| 2026-08-13 | 135.62 | 155.23 | -4.02 | EXPD ahead |
| 2026-08-12 | 133.21 | 153.09 | -4.21 | EXPD ahead |
| 2026-08-11 | 131.76 | 147.06 | -3.95 | EXPD ahead |
| 2026-08-10 | 134.66 | 148.55 | -3.91 | EXPD ahead |
| 2026-08-07 | 135.61 | 148.31 | -3.90 | EXPD ahead |
| 2026-08-06 | 133.18 | 148.18 | -4.28 | EXPD ahead |
| 2026-08-05 | 139.48 | 150.55 | -3.95 | EXPD ahead |
| 2026-08-04 | 140.52 | 150.61 | -3.96 | EXPD ahead |
| 2026-08-03 | 133.48 | 141.57 | -3.90 | EXPD ahead |
| 2026-07-31 | 134.15 | 139.33 | -3.58 | EXPD ahead |
| 2026-07-30 | 133.41 | 138.60 | -3.58 | EXPD ahead |
| 2026-07-29 | 157.78 | 141.19 | -1.30 | EXPD ahead |
| 2026-07-28 | 153.77 | 142.26 | -1.75 | EXPD ahead |
| 2026-07-27 | 158.42 | 142.19 | -1.28 | EXPD ahead |
| 2026-07-24 | 169.36 | 145.48 | -0.63 | EXPD ahead |
| 2026-07-23 | 186.62 | 146.21 | +0.65 | CHRW ahead |
| 2026-07-22 | 188.29 | 147.26 | +0.67 | CHRW ahead |
| 2026-07-21 | 190.17 | 148.20 | +0.72 | CHRW ahead |
| 2026-07-20 | 186.88 | 147.20 | +0.59 | CHRW ahead |
| 2026-07-17 | 189.33 | 151.70 | +0.38 | near the usual relationship |
| 2026-07-16 | 186.83 | 151.00 | +0.28 | near the usual relationship |
| 2026-07-15 | 179.34 | 147.47 | +0.08 | near the usual relationship |
| 2026-07-14 | 181.26 | 147.90 | +0.18 | near the usual relationship |
| 2026-07-13 | 178.43 | 145.64 | +0.18 | near the usual relationship |
| 2026-07-10 | 175.71 | 142.76 | +0.25 | near the usual relationship |
| 2026-07-09 | 175.04 | 141.59 | +0.30 | near the usual relationship |
| 2026-07-08 | 172.49 | 136.40 | +0.56 | CHRW ahead |
| 2026-07-07 | 173.39 | 137.54 | +0.53 | CHRW ahead |
| 2026-07-06 | 171.23 | 137.51 | +0.41 | near the usual relationship |
| 2026-07-02 | 172.40 | 139.06 | +0.36 | near the usual relationship |
| 2026-07-01 | 173.68 | 138.43 | +0.50 | CHRW ahead |
| 2026-06-30 | 171.02 | 135.25 | +0.58 | CHRW ahead |
| 2026-06-29 | 167.76 | 134.41 | +0.45 | near the usual relationship |
| 2026-06-26 | 162.84 | 133.39 | +0.24 | near the usual relationship |
| 2026-06-25 | 163.76 | 134.17 | +0.25 | near the usual relationship |
| 2026-06-24 | 160.98 | 132.91 | +0.18 | near the usual relationship |
| 2026-06-23 | 162.40 | 133.89 | +0.20 | near the usual relationship |
| 2026-06-22 | 169.87 | 135.39 | +0.53 | CHRW ahead |
| 2026-06-18 | 168.03 | 133.88 | +0.54 | CHRW ahead |
| 2026-06-17 | 168.17 | 133.29 | +0.59 | CHRW ahead |
| 2026-06-16 | 171.99 | 136.12 | +0.61 | CHRW ahead |
| 2026-06-15 | 172.76 | 135.46 | +0.70 | CHRW ahead |
| 2026-06-12 | 175.93 | 138.27 | +0.68 | CHRW ahead |
| 2026-06-11 | 173.54 | 138.12 | +0.58 | CHRW ahead |
| 2026-06-10 | 167.99 | 136.69 | +0.39 | near the usual relationship |
| 2026-06-09 | 174.03 | 138.04 | +0.62 | CHRW ahead |
| 2026-06-08 | 170.84 | 135.63 | +0.62 | CHRW ahead |
| 2026-06-05 | 167.16 | 133.15 | +0.59 | CHRW ahead |
| 2026-06-04 | 167.62 | 132.89 | +0.64 | CHRW ahead |
| 2026-06-03 | 164.12 | 131.70 | +0.54 | CHRW ahead |
| 2026-06-02 | 162.11 | 131.01 | +0.49 | near the usual relationship |
| 2026-06-01 | 163.35 | 132.80 | +0.45 | near the usual relationship |
| 2026-05-29 | 162.22 | 131.11 | +0.50 | CHRW ahead |
| 2026-05-28 | 159.28 | 131.92 | +0.31 | near the usual relationship |
| 2026-05-27 | 160.26 | 134.03 | +0.24 | near the usual relationship |
| 2026-05-26 | 161.55 | 133.36 | +0.35 | near the usual relationship |
| 2026-05-22 | 158.21 | 131.52 | +0.30 | near the usual relationship |
| 2026-05-21 | 161.75 | 130.45 | +0.55 | CHRW ahead |
| 2026-05-20 | 164.03 | 131.47 | +0.60 | CHRW ahead |
| 2026-05-19 | 157.11 | 130.79 | +0.31 | near the usual relationship |
| 2026-05-18 | 154.12 | 130.10 | +0.20 | near the usual relationship |
| 2026-05-15 | 148.55 | 129.00 | -0.01 | near the usual relationship |
| 2026-05-14 | 145.09 | 127.48 | -0.10 | near the usual relationship |
| 2026-05-13 | 148.25 | 129.29 | -0.03 | near the usual relationship |
| 2026-05-12 | 151.84 | 128.16 | +0.23 | near the usual relationship |
| 2026-05-11 | 154.35 | 129.08 | +0.31 | near the usual relationship |
| 2026-05-08 | 155.63 | 130.03 | +0.32 | near the usual relationship |
| 2026-05-07 | 155.61 | 126.02 | +0.56 | CHRW ahead |
| 2026-05-06 | 153.09 | 125.51 | +0.47 | near the usual relationship |
| 2026-05-05 | 151.76 | 127.04 | +0.33 | near the usual relationship |
| 2026-05-04 | 146.42 | 115.94 | +0.74 | CHRW ahead |
| 2026-05-01 | 161.00 | 122.18 | +1.06 | CHRW ahead |
| 2026-04-30 | 165.09 | 122.73 | +1.22 | CHRW ahead |
| 2026-04-29 | 169.29 | 123.48 | +1.37 | CHRW ahead |
| 2026-04-28 | 170.68 | 122.31 | +1.51 | CHRW ahead |
| 2026-04-27 | 171.09 | 122.90 | +1.50 | CHRW ahead |
| 2026-04-24 | 166.20 | 122.46 | +1.33 | CHRW ahead |
| 2026-04-23 | 166.85 | 124.27 | +1.26 | CHRW ahead |
| 2026-04-22 | 165.58 | 123.19 | +1.28 | CHRW ahead |
| 2026-04-21 | 166.76 | 125.29 | +1.21 | CHRW ahead |
| 2026-04-20 | 167.04 | 123.91 | +1.32 | CHRW ahead |
| 2026-04-17 | 165.48 | 122.24 | +1.36 | CHRW ahead |
| 2026-04-16 | 164.91 | 122.00 | +1.36 | CHRW ahead |
| 2026-04-15 | 152.63 | 119.52 | +0.95 | CHRW ahead |
| 2026-04-14 | 153.02 | 120.26 | +0.93 | CHRW ahead |
| 2026-04-13 | 149.76 | 119.40 | +0.84 | CHRW ahead |
| 2026-04-10 | 148.46 | 118.72 | +0.82 | CHRW ahead |
| 2026-04-09 | 154.55 | 120.19 | +1.03 | CHRW ahead |
| 2026-04-08 | 156.57 | 121.68 | +1.04 | CHRW ahead |
| 2026-04-07 | 150.83 | 119.94 | +0.89 | CHRW ahead |
| 2026-04-06 | 153.47 | 120.72 | +0.97 | CHRW ahead |
| 2026-04-02 | 152.41 | 121.00 | +0.91 | CHRW ahead |
| 2026-04-01 | 153.01 | 119.76 | +1.02 | CHRW ahead |
| 2026-03-31 | 150.80 | 118.86 | +0.98 | CHRW ahead |
| 2026-03-30 | 147.03 | 117.41 | +0.90 | CHRW ahead |
| 2026-03-27 | 146.72 | 117.20 | +0.90 | CHRW ahead |
| 2026-03-26 | 152.25 | 118.39 | +1.10 | CHRW ahead |
| 2026-03-25 | 154.13 | 118.82 | +1.17 | CHRW ahead |
| 2026-03-24 | 153.64 | 117.82 | +1.22 | CHRW ahead |
| 2026-03-23 | 151.50 | 116.63 | +1.20 | CHRW ahead |
| 2026-03-20 | 153.35 | 121.45 | +1.01 | CHRW ahead |
| 2026-03-19 | 158.74 | 122.19 | +1.22 | CHRW ahead |
| 2026-03-18 | 154.95 | 120.02 | +1.18 | CHRW ahead |
| 2026-03-17 | 155.93 | 118.80 | +1.31 | CHRW ahead |
| 2026-03-16 | 154.81 | 118.50 | +1.29 | CHRW ahead |
| 2026-03-13 | 153.82 | 118.30 | +1.26 | CHRW ahead |
| 2026-03-12 | 156.06 | 118.03 | +1.39 | CHRW ahead |
| 2026-03-11 | 159.62 | 116.85 | +1.64 | CHRW ahead |
| 2026-03-10 | 159.69 | 117.32 | +1.63 | CHRW ahead |
| 2026-03-09 | 165.21 | 120.53 | +1.69 | CHRW ahead |
| 2026-03-06 | 163.12 | 121.88 | +1.54 | CHRW ahead |
| 2026-03-05 | 167.82 | 121.76 | +1.76 | CHRW ahead |
| 2026-03-04 | 172.41 | 121.87 | +1.97 | CHRW ahead |
| 2026-03-03 | 175.55 | 122.85 | +2.07 | CHRW ahead |
| 2026-03-02 | 170.02 | 120.85 | +1.98 | CHRW ahead |
| 2026-02-27 | 168.22 | 120.36 | +1.95 | CHRW ahead |
| 2026-02-26 | 167.16 | 120.10 | +1.94 | CHRW ahead |
| 2026-02-25 | 159.74 | 117.73 | +1.77 | CHRW ahead |
| 2026-02-24 | 161.04 | 115.21 | +2.02 | CHRW ahead |
| 2026-02-23 | 160.91 | 124.17 | +1.47 | CHRW ahead |
| 2026-02-20 | 172.59 | 129.71 | +1.68 | CHRW ahead |
| 2026-02-19 | 168.16 | 125.06 | +1.78 | CHRW ahead |
| 2026-02-18 | 168.77 | 124.13 | +1.88 | CHRW ahead |
| 2026-02-17 | 161.07 | 122.12 | +1.67 | CHRW ahead |
| 2026-02-13 | 159.83 | 121.58 | +1.66 | CHRW ahead |
| 2026-02-12 | 152.35 | 116.65 | +1.63 | CHRW ahead |
| 2026-02-11 | 178.28 | 134.35 | +1.77 | CHRW ahead |
| 2026-02-10 | 178.53 | 134.20 | +1.81 | CHRW ahead |
| 2026-02-09 | 181.89 | 135.80 | +1.88 | CHRW ahead |
| 2026-02-06 | 182.15 | 136.96 | +1.85 | CHRW ahead |
| 2026-02-05 | 179.29 | 135.92 | +1.81 | CHRW ahead |
| 2026-02-04 | 180.47 | 136.86 | +1.82 | CHRW ahead |
| 2026-02-03 | 181.35 | 134.62 | +2.02 | CHRW ahead |
| 2026-02-02 | 180.25 | 135.73 | +1.93 | CHRW ahead |
| 2026-01-30 | 177.03 | 133.23 | +1.95 | CHRW ahead |
| 2026-01-29 | 175.91 | 134.02 | +1.87 | CHRW ahead |
| 2026-01-28 | 167.34 | 132.84 | +1.55 | CHRW ahead |
| 2026-01-27 | 163.84 | 131.44 | +1.48 | CHRW ahead |
| 2026-01-26 | 161.73 | 131.82 | +1.36 | CHRW ahead |
| 2026-01-23 | 160.42 | 132.12 | +1.28 | CHRW ahead |
| 2026-01-22 | 161.54 | 133.44 | +1.27 | CHRW ahead |
| 2026-01-21 | 162.89 | 134.86 | +1.26 | CHRW ahead |
| 2026-01-20 | 159.00 | 132.05 | +1.24 | CHRW ahead |
| 2026-01-16 | 159.61 | 134.78 | +1.11 | CHRW ahead |
| 2026-01-15 | 159.21 | 135.90 | +1.03 | CHRW ahead |
| 2026-01-14 | 156.47 | 134.62 | +0.97 | CHRW ahead |
| 2026-01-13 | 157.48 | 133.35 | +1.11 | CHRW ahead |
| 2026-01-12 | 156.68 | 133.71 | +1.05 | CHRW ahead |
| 2026-01-09 | 155.07 | 131.86 | +1.09 | CHRW ahead |
| 2026-01-08 | 150.75 | 131.24 | +0.90 | CHRW ahead |
| 2026-01-07 | 151.40 | 130.21 | +1.01 | CHRW ahead |
| 2026-01-06 | 152.25 | 130.71 | +1.03 | CHRW ahead |
| 2026-01-05 | 151.84 | 128.13 | +1.18 | CHRW ahead |
| 2026-01-02 | 148.67 | 126.02 | +1.15 | CHRW ahead |
| 2025-12-31 | 145.98 | 123.66 | +1.16 | CHRW ahead |
| 2025-12-30 | 147.07 | 124.58 | +1.17 | CHRW ahead |
| 2025-12-29 | 148.87 | 125.36 | +1.23 | CHRW ahead |
| 2025-12-26 | 149.49 | 126.34 | +1.21 | CHRW ahead |
| 2025-12-24 | 149.78 | 125.78 | +1.27 | CHRW ahead |
| 2025-12-23 | 149.46 | 125.85 | +1.26 | CHRW ahead |
| 2025-12-22 | 149.82 | 126.99 | +1.21 | CHRW ahead |
| 2025-12-19 | 151.16 | 126.86 | +1.31 | CHRW ahead |
| 2025-12-18 | 149.86 | 125.08 | +1.36 | CHRW ahead |
| 2025-12-17 | 145.38 | 124.27 | +1.16 | CHRW ahead |
| 2025-12-16 | 144.42 | 124.46 | +1.10 | CHRW ahead |
| 2025-12-15 | 143.12 | 125.78 | +0.93 | CHRW ahead |
| 2025-12-12 | 142.65 | 125.94 | +0.90 | CHRW ahead |
| 2025-12-11 | 145.11 | 126.99 | +0.98 | CHRW ahead |
| 2025-12-10 | 143.78 | 125.60 | +1.01 | CHRW ahead |
| 2025-12-09 | 138.50 | 122.58 | +0.90 | CHRW ahead |
| 2025-12-08 | 139.31 | 122.86 | +0.93 | CHRW ahead |
| 2025-12-05 | 142.77 | 125.70 | +0.96 | CHRW ahead |
| 2025-12-04 | 143.52 | 124.90 | +1.07 | CHRW ahead |
| 2025-12-03 | 144.87 | 122.90 | +1.31 | CHRW ahead |
| 2025-12-02 | 144.95 | 121.56 | +1.42 | CHRW ahead |
| 2025-12-01 | 145.58 | 121.54 | +1.48 | CHRW ahead |
| 2025-11-28 | 144.26 | 121.91 | +1.38 | CHRW ahead |
| 2025-11-26 | 144.87 | 122.29 | +1.40 | CHRW ahead |
| 2025-11-25 | 142.88 | 122.47 | +1.27 | CHRW ahead |
| 2025-11-24 | 140.35 | 119.72 | +1.33 | CHRW ahead |
| 2025-11-21 | 137.73 | 118.85 | +1.23 | CHRW ahead |
| 2025-11-20 | 134.91 | 114.77 | +1.37 | CHRW ahead |
| 2025-11-19 | 137.44 | 115.46 | +1.50 | CHRW ahead |
| 2025-11-18 | 137.74 | 116.11 | +1.48 | CHRW ahead |
| 2025-11-17 | 138.61 | 118.03 | +1.40 | CHRW ahead |
| 2025-11-14 | 138.75 | 114.87 | +1.67 | CHRW ahead |
| 2025-11-13 | 137.72 | 114.89 | +1.62 | CHRW ahead |
| 2025-11-12 | 138.92 | 116.75 | +1.56 | CHRW ahead |
| 2025-11-11 | 136.84 | 115.78 | +1.51 | CHRW ahead |
| 2025-11-10 | 137.77 | 116.55 | +1.53 | CHRW ahead |
| 2025-11-07 | 135.70 | 114.05 | +1.61 | CHRW ahead |
| 2025-11-06 | 134.60 | 111.65 | +1.75 | CHRW ahead |
| 2025-11-05 | 139.05 | 114.46 | +1.84 | CHRW ahead |
| 2025-11-04 | 138.85 | 112.64 | +2.01 | CHRW ahead |
| 2025-11-03 | 138.16 | 101.63 | +3.03 | CHRW ahead |
| 2025-10-31 | 139.83 | 101.16 | +3.28 | CHRW ahead |
| 2025-10-30 | 140.64 | 99.74 | +3.58 | CHRW ahead |
| 2025-10-29 | 117.48 | 97.57 | +1.96 | CHRW ahead |
| 2025-10-28 | 116.30 | 99.09 | +1.71 | CHRW ahead |
| 2025-10-27 | 117.19 | 99.29 | +1.79 | CHRW ahead |
| 2025-10-24 | 114.47 | 97.77 | +1.72 | CHRW ahead |
| 2025-10-23 | 113.88 | 98.32 | +1.62 | CHRW ahead |
| 2025-10-22 | 115.46 | 98.43 | +1.77 | CHRW ahead |
| 2025-10-21 | 116.49 | 100.44 | +1.67 | CHRW ahead |
| 2025-10-20 | 115.74 | 99.95 | +1.67 | CHRW ahead |
| 2025-10-17 | 115.68 | 99.52 | +1.72 | CHRW ahead |
| 2025-10-16 | 114.41 | 98.13 | +1.78 | CHRW ahead |
| 2025-10-15 | 116.24 | 97.39 | +2.06 | CHRW ahead |
| 2025-10-14 | 116.21 | 97.42 | +2.08 | CHRW ahead |
| 2025-10-13 | 112.95 | 94.58 | +2.12 | CHRW ahead |
| 2025-10-10 | 113.79 | 93.88 | +2.32 | CHRW ahead |
| 2025-10-09 | 117.05 | 96.45 | +2.37 | CHRW ahead |
| 2025-10-08 | 121.72 | 100.21 | +2.42 | CHRW ahead |
| 2025-10-07 | 121.49 | 101.48 | +2.28 | CHRW ahead |
| 2025-10-06 | 122.01 | 102.63 | +2.23 | CHRW ahead |
| 2025-10-03 | 122.95 | 102.51 | +2.38 | CHRW ahead |
| 2025-10-02 | 122.38 | 102.12 | +2.40 | CHRW ahead |
| 2025-10-01 | 120.46 | 100.85 | +2.40 | CHRW ahead |
| 2025-09-30 | 120.23 | 101.73 | +2.30 | CHRW ahead |
| 2025-09-29 | 119.75 | 101.88 | +2.26 | CHRW ahead |
| 2025-09-26 | 119.69 | 101.11 | +2.39 | CHRW ahead |
| 2025-09-25 | 121.53 | 100.61 | +2.69 | CHRW ahead |
| 2025-09-24 | 121.04 | 100.40 | +2.72 | CHRW ahead |
| 2025-09-23 | 121.90 | 100.52 | +2.85 | CHRW ahead |
| 2025-09-22 | 121.66 | 99.15 | +3.07 | CHRW ahead |
| 2025-09-19 | 123.56 | 99.71 | +3.28 | CHRW ahead |
| 2025-09-18 | 124.49 | 102.95 | +3.01 | CHRW ahead |
| 2025-09-17 | 122.67 | 103.69 | +2.75 | CHRW ahead |
| 2025-09-16 | 121.47 | 103.57 | +2.68 | CHRW ahead |
| 2025-09-15 | 121.02 | 103.05 | +2.74 | CHRW ahead |
| 2025-09-12 | 120.24 | 102.50 | +2.78 | CHRW ahead |
| 2025-09-11 | 118.97 | 102.37 | +2.69 | CHRW ahead |
| 2025-09-10 | 115.90 | 100.70 | +2.59 | CHRW ahead |
| 2025-09-09 | 114.46 | 100.38 | +2.49 | CHRW ahead |
| 2025-09-08 | 114.32 | 101.01 | +2.42 | CHRW ahead |
| 2025-09-05 | 114.53 | 100.34 | +2.59 | CHRW ahead |
| 2025-09-04 | 116.09 | 100.95 | +2.75 | CHRW ahead |
| 2025-09-03 | 116.95 | 99.92 | +3.10 | CHRW ahead |
| 2025-09-02 | 117.04 | 100.29 | +3.12 | CHRW ahead |
| 2025-08-29 | 116.87 | 100.03 | +3.22 | CHRW ahead |
| 2025-08-28 | 117.40 | 100.65 | +3.27 | CHRW ahead |
| 2025-08-27 | 116.29 | 101.52 | +3.03 | CHRW ahead |
| 2025-08-26 | 115.23 | 100.91 | +3.04 | CHRW ahead |
| 2025-08-25 | 114.79 | 99.88 | +3.23 | CHRW ahead |
| 2025-08-22 | 113.67 | 99.60 | +3.17 | CHRW ahead |
| 2025-08-21 | 111.51 | 98.27 | +3.14 | CHRW ahead |
| 2025-08-20 | 109.95 | 99.00 | +2.80 | CHRW ahead |
| 2025-08-19 | 112.44 | 100.75 | +2.95 | CHRW ahead |
| 2025-08-18 | 111.66 | 99.59 | +3.10 | CHRW ahead |
| 2025-08-15 | 110.09 | 99.47 | +2.91 | CHRW ahead |
| 2025-08-14 | 110.35 | 99.48 | +3.02 | CHRW ahead |
| 2025-08-13 | 109.87 | 101.45 | +2.59 | CHRW ahead |
| 2025-08-12 | 107.85 | 100.18 | +2.51 | CHRW ahead |
| 2025-08-11 | 105.55 | 97.07 | +2.76 | CHRW ahead |
| 2025-08-08 | 106.04 | 97.20 | +2.89 | CHRW ahead |
| 2025-08-07 | 106.99 | 97.98 | +2.96 | CHRW ahead |
| 2025-08-06 | 106.91 | 98.53 | +2.88 | CHRW ahead |
| 2025-08-05 | 105.63 | 96.52 | +3.12 | CHRW ahead |
| 2025-08-04 | 104.45 | 97.00 | +2.75 | CHRW ahead |
| 2025-08-01 | 103.39 | 95.15 | +2.93 | CHRW ahead |
| 2025-07-31 | 104.72 | 96.46 | +2.90 | CHRW ahead |
| 2025-07-30 | 88.67 | 92.42 | +0.36 | near the usual relationship |
| 2025-07-29 | 90.62 | 94.99 | +0.26 | near the usual relationship |
| 2025-07-28 | 92.16 | 95.73 | +0.44 | near the usual relationship |
| 2025-07-25 | 93.27 | 96.85 | +0.45 | near the usual relationship |
| 2025-07-24 | 93.68 | 96.96 | +0.52 | CHRW ahead |
| 2025-07-23 | 91.34 | 95.79 | +0.28 | near the usual relationship |
| 2025-07-22 | 89.84 | 94.88 | +0.17 | near the usual relationship |
| 2025-07-21 | 87.92 | 93.39 | +0.07 | near the usual relationship |
| 2025-07-18 | 88.52 | 92.67 | +0.33 | near the usual relationship |
| 2025-07-17 | 89.47 | 94.54 | +0.18 | near the usual relationship |
| 2025-07-16 | 88.94 | 93.72 | +0.24 | near the usual relationship |
| 2025-07-15 | 88.14 | 94.05 | +0.04 | near the usual relationship |
| 2025-07-14 | 89.01 | 95.42 | -0.02 | near the usual relationship |
| 2025-07-11 | 90.26 | 96.07 | +0.10 | near the usual relationship |
| 2025-07-10 | 91.57 | 98.96 | -0.13 | near the usual relationship |
| 2025-07-09 | 90.01 | 97.32 | -0.12 | near the usual relationship |
| 2025-07-08 | 89.29 | 97.36 | -0.24 | near the usual relationship |
| 2025-07-07 | 87.84 | 96.41 | -0.33 | near the usual relationship |
| 2025-07-03 | 89.02 | 98.24 | -0.39 | near the usual relationship |
| 2025-07-02 | 90.02 | 98.81 | -0.30 | near the usual relationship |
| 2025-07-01 | 89.27 | 97.91 | -0.27 | near the usual relationship |
| 2025-06-30 | 87.13 | 94.81 | -0.15 | near the usual relationship |
| 2025-06-27 | 87.77 | 95.43 | -0.12 | near the usual relationship |
| 2025-06-26 | 84.62 | 94.27 | -0.45 | near the usual relationship |
| 2025-06-25 | 84.19 | 93.18 | -0.34 | near the usual relationship |
| 2025-06-24 | 85.61 | 94.74 | -0.33 | near the usual relationship |
| 2025-06-23 | 85.31 | 94.93 | -0.39 | near the usual relationship |
| 2025-06-20 | 84.11 | 94.30 | -0.47 | near the usual relationship |
| 2025-06-18 | 84.82 | 93.84 | -0.28 | near the usual relationship |
| 2025-06-17 | 84.99 | 94.45 | -0.33 | near the usual relationship |
| 2025-06-16 | 85.23 | 95.53 | -0.42 | near the usual relationship |
| 2025-06-13 | 84.94 | 94.82 | -0.35 | near the usual relationship |
| 2025-06-12 | 86.27 | 95.09 | -0.19 | near the usual relationship |
| 2025-06-11 | 85.88 | 94.98 | -0.21 | near the usual relationship |
| 2025-06-10 | 87.33 | 95.38 | -0.06 | near the usual relationship |
| 2025-06-09 | 86.94 | 93.78 | +0.10 | near the usual relationship |
| 2025-06-06 | 86.99 | 93.24 | +0.18 | near the usual relationship |
| 2025-06-05 | 86.73 | 92.24 | +0.28 | near the usual relationship |
| 2025-06-04 | 87.32 | 92.59 | +0.32 | near the usual relationship |
| 2025-06-03 | 87.44 | 92.75 | +0.32 | near the usual relationship |
| 2025-06-02 | 87.28 | 92.29 | +0.36 | near the usual relationship |
| 2025-05-30 | 87.15 | 93.55 | +0.20 | near the usual relationship |
| 2025-05-29 | 87.26 | 94.00 | +0.17 | near the usual relationship |
| 2025-05-28 | 86.79 | 93.05 | +0.22 | near the usual relationship |
| 2025-05-27 | 88.35 | 94.84 | +0.22 | near the usual relationship |
| 2025-05-23 | 86.95 | 93.33 | +0.22 | near the usual relationship |
| 2025-05-22 | 87.65 | 94.35 | +0.20 | near the usual relationship |
| 2025-05-21 | 88.25 | 94.17 | +0.30 | near the usual relationship |
| 2025-05-20 | 90.87 | 96.60 | +0.35 | near the usual relationship |
| 2025-05-19 | 90.88 | 98.04 | +0.20 | near the usual relationship |
| 2025-05-16 | 91.06 | 98.20 | +0.21 | near the usual relationship |
| 2025-05-15 | 89.67 | 95.44 | +0.35 | near the usual relationship |
| 2025-05-14 | 89.02 | 94.83 | +0.35 | near the usual relationship |
| 2025-05-13 | 87.43 | 95.69 | +0.07 | near the usual relationship |
| 2025-05-12 | 87.13 | 96.33 | -0.03 | near the usual relationship |
| 2025-05-09 | 80.79 | 90.54 | -0.16 | near the usual relationship |
| 2025-05-08 | 81.34 | 91.49 | -0.19 | near the usual relationship |
| 2025-05-07 | 79.49 | 89.62 | -0.21 | near the usual relationship |
| 2025-05-06 | 80.20 | 88.12 | +0.06 | near the usual relationship |
| 2025-05-05 | 81.67 | 92.76 | -0.26 | near the usual relationship |
| 2025-05-02 | 82.48 | 93.44 | -0.22 | near the usual relationship |
| 2025-05-01 | 81.98 | 90.96 | -0.01 | near the usual relationship |
| 2025-04-30 | 81.02 | 91.21 | -0.14 | near the usual relationship |
| 2025-04-29 | 80.21 | 89.93 | -0.09 | near the usual relationship |
| 2025-04-28 | 80.89 | 90.20 | -0.02 | near the usual relationship |
| 2025-04-25 | 81.50 | 90.11 | +0.07 | near the usual relationship |
| 2025-04-24 | 83.57 | 92.10 | +0.10 | near the usual relationship |
| 2025-04-23 | 82.28 | 88.87 | +0.30 | near the usual relationship |
| 2025-04-22 | 81.98 | 88.89 | +0.27 | near the usual relationship |
| 2025-04-21 | 81.06 | 86.96 | +0.37 | near the usual relationship |
| 2025-04-17 | 82.76 | 88.55 | +0.40 | near the usual relationship |
| 2025-04-16 | 81.60 | 87.54 | +0.38 | near the usual relationship |
| 2025-04-15 | 83.14 | 91.31 | +0.19 | near the usual relationship |
| 2025-04-14 | 83.88 | 92.99 | +0.12 | near the usual relationship |
| 2025-04-11 | 82.87 | 91.41 | +0.17 | near the usual relationship |
| 2025-04-10 | 81.97 | 89.84 | +0.23 | near the usual relationship |
| 2025-04-09 | 83.49 | 91.23 | +0.27 | near the usual relationship |
| 2025-04-08 | 78.97 | 85.34 | +0.36 | near the usual relationship |
| 2025-04-07 | 80.97 | 87.68 | +0.35 | near the usual relationship |
| 2025-04-04 | 82.58 | 90.44 | +0.27 | near the usual relationship |
| 2025-04-03 | 86.06 | 91.83 | +0.48 | near the usual relationship |
| 2025-04-02 | 93.37 | 101.15 | +0.37 | near the usual relationship |
| 2025-04-01 | 93.31 | 101.44 | +0.35 | near the usual relationship |
| 2025-03-31 | 92.99 | 99.79 | +0.45 | near the usual relationship |
| 2025-03-28 | 91.83 | 99.36 | +0.40 | near the usual relationship |
| 2025-03-27 | 92.33 | 99.82 | +0.41 | near the usual relationship |
| 2025-03-26 | 92.51 | 98.90 | +0.50 | CHRW ahead |
| 2025-03-25 | 90.81 | 98.19 | +0.42 | near the usual relationship |
| 2025-03-24 | 91.24 | 97.82 | +0.49 | near the usual relationship |
| 2025-03-21 | 90.76 | 96.51 | +0.56 | CHRW ahead |
| 2025-03-20 | 90.17 | 95.99 | +0.55 | CHRW ahead |
| 2025-03-19 | 90.18 | 96.60 | +0.52 | CHRW ahead |
| 2025-03-18 | 90.86 | 97.26 | +0.53 | CHRW ahead |
| 2025-03-17 | 91.71 | 97.01 | +0.62 | CHRW ahead |
| 2025-03-14 | 89.33 | 95.56 | +0.55 | CHRW ahead |
| 2025-03-13 | 87.46 | 96.67 | +0.32 | near the usual relationship |
| 2025-03-12 | 87.34 | 97.18 | +0.28 | near the usual relationship |
| 2025-03-11 | 89.04 | 97.46 | +0.40 | near the usual relationship |
| 2025-03-10 | 92.22 | 101.37 | +0.38 | near the usual relationship |
| 2025-03-07 | 93.03 | 104.96 | +0.21 | near the usual relationship |
| 2025-03-06 | 89.10 | 100.20 | +0.24 | near the usual relationship |
| 2025-03-05 | 88.91 | 98.00 | +0.38 | near the usual relationship |
| 2025-03-04 | 89.31 | 98.03 | +0.41 | near the usual relationship |
| 2025-03-03 | 91.14 | 98.38 | +0.53 | CHRW ahead |
| 2025-02-28 | 92.28 | 97.39 | +0.69 | CHRW ahead |
| 2025-02-27 | 90.12 | 97.14 | +0.55 | CHRW ahead |
| 2025-02-26 | 89.15 | 97.43 | +0.47 | near the usual relationship |
| 2025-02-25 | 89.69 | 98.32 | +0.45 | near the usual relationship |
| 2025-02-24 | 91.42 | 96.72 | +0.69 | CHRW ahead |
| 2025-02-21 | 91.60 | 96.60 | +0.72 | CHRW ahead |
| 2025-02-20 | 91.19 | 97.31 | +0.65 | CHRW ahead |
| 2025-02-19 | 89.92 | 96.49 | +0.62 | CHRW ahead |
| 2025-02-18 | 90.73 | 97.95 | +0.59 | CHRW ahead |
| 2025-02-14 | 90.34 | 94.32 | +0.81 | CHRW ahead |
| 2025-02-13 | 89.55 | 93.56 | +0.81 | CHRW ahead |
| 2025-02-12 | 88.58 | 92.15 | +0.84 | CHRW ahead |
| 2025-02-11 | 90.57 | 93.27 | +0.91 | CHRW ahead |
| 2025-02-10 | 90.21 | 93.36 | +0.89 | CHRW ahead |
| 2025-02-07 | 87.71 | 91.61 | +0.84 | CHRW ahead |
| 2025-02-06 | 87.75 | 91.88 | +0.83 | CHRW ahead |
| 2025-02-05 | 88.31 | 92.79 | +0.81 | CHRW ahead |
| 2025-02-04 | 89.74 | 93.32 | +0.88 | CHRW ahead |
| 2025-02-03 | 89.08 | 91.93 | +0.94 | CHRW ahead |
| 2025-01-31 | 90.34 | 94.26 | +0.88 | CHRW ahead |
| 2025-01-30 | 91.21 | 94.39 | +0.93 | CHRW ahead |
| 2025-01-29 | 98.01 | 94.85 | +1.36 | CHRW ahead |
| 2025-01-28 | 99.72 | 94.76 | +1.49 | CHRW ahead |
| 2025-01-27 | 99.02 | 95.70 | +1.39 | CHRW ahead |
| 2025-01-24 | 98.22 | 93.77 | +1.48 | CHRW ahead |
| 2025-01-23 | 97.16 | 94.85 | +1.36 | CHRW ahead |
| 2025-01-22 | 95.57 | 93.21 | +1.37 | CHRW ahead |
| 2025-01-21 | 95.70 | 93.56 | +1.37 | CHRW ahead |
| 2025-01-17 | 94.06 | 91.58 | +1.41 | CHRW ahead |
| 2025-01-16 | 93.25 | 92.29 | +1.32 | CHRW ahead |
| 2025-01-15 | 93.56 | 92.49 | +1.34 | CHRW ahead |
| 2025-01-14 | 93.38 | 92.32 | +1.35 | CHRW ahead |
| 2025-01-13 | 94.05 | 91.77 | +1.44 | CHRW ahead |
| 2025-01-10 | 92.40 | 90.53 | +1.43 | CHRW ahead |
| 2025-01-08 | 94.08 | 93.68 | +1.34 | CHRW ahead |
| 2025-01-07 | 94.48 | 92.45 | +1.46 | CHRW ahead |
| 2025-01-06 | 94.00 | 92.21 | +1.46 | CHRW ahead |
| 2025-01-03 | 94.84 | 92.35 | +1.52 | CHRW ahead |
| 2025-01-02 | 93.33 | 91.30 | +1.51 | CHRW ahead |
| 2024-12-31 | 93.82 | 91.93 | +1.51 | CHRW ahead |
| 2024-12-30 | 93.97 | 91.95 | +1.53 | CHRW ahead |
| 2024-12-27 | 94.34 | 92.46 | +1.54 | CHRW ahead |
| 2024-12-26 | 94.73 | 92.34 | +1.59 | CHRW ahead |
| 2024-12-24 | 94.69 | 92.27 | +1.60 | CHRW ahead |
| 2024-12-23 | 94.45 | 91.70 | +1.65 | CHRW ahead |
| 2024-12-20 | 94.75 | 92.51 | +1.62 | CHRW ahead |
| 2024-12-19 | 95.35 | 93.56 | +1.61 | CHRW ahead |
| 2024-12-18 | 96.66 | 94.88 | +1.62 | CHRW ahead |
| 2024-12-17 | 98.87 | 96.20 | +1.70 | CHRW ahead |
| 2024-12-16 | 99.99 | 97.74 | +1.68 | CHRW ahead |
| 2024-12-13 | 101.14 | 98.35 | +1.74 | CHRW ahead |
| 2024-12-12 | 103.57 | 99.38 | +1.85 | CHRW ahead |
| 2024-12-11 | 99.10 | 99.92 | +1.52 | CHRW ahead |
| 2024-12-10 | 99.17 | 100.50 | +1.50 | CHRW ahead |
| 2024-12-09 | 98.20 | 100.12 | +1.47 | CHRW ahead |
| 2024-12-06 | 95.74 | 98.99 | +1.38 | CHRW ahead |
| 2024-12-05 | 96.41 | 99.96 | +1.37 | CHRW ahead |
| 2024-12-04 | 97.73 | 100.58 | +1.43 | CHRW ahead |
| 2024-12-03 | 97.71 | 100.48 | +1.45 | CHRW ahead |
| 2024-12-02 | 96.42 | 100.80 | +1.35 | CHRW ahead |
| 2024-11-29 | 95.87 | 100.95 | +1.31 | CHRW ahead |
| 2024-11-27 | 95.57 | 100.62 | +1.32 | CHRW ahead |
| 2024-11-26 | 96.58 | 100.95 | +1.38 | CHRW ahead |
| 2024-11-25 | 97.65 | 101.57 | +1.43 | CHRW ahead |
| 2024-11-22 | 97.72 | 100.68 | +1.51 | CHRW ahead |
| 2024-11-21 | 98.56 | 100.17 | +1.63 | CHRW ahead |
| 2024-11-20 | 99.01 | 98.70 | +1.79 | CHRW ahead |
| 2024-11-19 | 99.05 | 97.95 | +1.87 | CHRW ahead |
| 2024-11-18 | 99.88 | 99.86 | +1.81 | CHRW ahead |
| 2024-11-15 | 100.06 | 99.72 | +1.85 | CHRW ahead |
| 2024-11-14 | 101.23 | 100.38 | +1.91 | CHRW ahead |
| 2024-11-13 | 101.41 | 99.17 | +2.04 | CHRW ahead |
| 2024-11-12 | 99.06 | 98.55 | +1.93 | CHRW ahead |
| 2024-11-11 | 99.01 | 99.20 | +1.90 | CHRW ahead |
| 2024-11-08 | 98.58 | 99.63 | +1.85 | CHRW ahead |
| 2024-11-07 | 97.99 | 99.58 | +1.83 | CHRW ahead |
| 2024-11-06 | 96.64 | 99.10 | +1.77 | CHRW ahead |
| 2024-11-05 | 95.28 | 101.26 | +1.50 | CHRW ahead |
| 2024-11-04 | 93.21 | 99.91 | +1.44 | CHRW ahead |
| 2024-11-01 | 92.46 | 98.80 | +1.48 | CHRW ahead |
| 2024-10-31 | 93.57 | 98.76 | +1.59 | CHRW ahead |
| 2024-10-30 | 99.56 | 99.21 | +2.08 | CHRW ahead |
| 2024-10-29 | 98.07 | 99.27 | +1.97 | CHRW ahead |
| 2024-10-28 | 98.92 | 99.65 | +2.03 | CHRW ahead |
| 2024-10-25 | 98.18 | 99.45 | +2.01 | CHRW ahead |
| 2024-10-24 | 96.92 | 99.24 | +1.94 | CHRW ahead |
| 2024-10-23 | 97.94 | 99.17 | +2.05 | CHRW ahead |
| 2024-10-22 | 98.15 | 99.75 | +2.04 | CHRW ahead |
| 2024-10-21 | 98.87 | 99.78 | +2.13 | CHRW ahead |
| 2024-10-18 | 100.00 | 100.00 | +2.24 | CHRW ahead |
One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Oct 30, 2025 (CHRW +19.7%, EXPD +2.2%); Nov 4, 2025 (CHRW +0.5%, EXPD +10.8%); Feb 24, 2026 (CHRW +0.1%, EXPD -7.2%); Jul 24, 2026 (CHRW -9.3%, EXPD -0.5%); Jul 30, 2026 (CHRW -15.4%, EXPD -1.8%); Oct 5, 2026 (CHRW -10.8%, EXPD +0.9%). Upcoming earnings: CHRW Oct 28, 2026 (pre-market); EXPD Nov 3, 2026 (pre-market).
The shared paper book and the replay, kept apart
Forward paper record
No paper position on this pair yet.
Historical simulation (a diagnostic, same rules)
No simulated trade through Oct 20, 2026: the pair rarely passed every test while 2 standard deviations apart.
Per $10,000 a leg. A replay on today's companies cannot prove an edge.
CHRW and EXPD at a glance
CHRW C.H. Robinson Worldwide Inc.
- Listing
- Nasdaq · SEC CIK 1043277
- Industry
- Integrated Freight & Logistics · SIC 4731 Arrangement of Transportation of Freight & Cargo
- Market value
- $16.2B
- Price history
- 2,521 daily closes, Oct 12, 2016 to Oct 22, 2026
EXPD Expeditors International of Washington Inc.
- Listing
- NYSE · SEC CIK 746515
- Industry
- Integrated Freight & Logistics · SIC 4731 Arrangement of Transportation of Freight & Cargo
- Market value
- $25.6B
- Price history
- 2,521 daily closes, Oct 12, 2016 to Oct 22, 2026
Daily prices: Nasdaq.com. Filings and industry codes: SEC EDGAR. Earnings dates: Nasdaq earnings calendar.
Follow the research behind the paper book
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Explore the private betaPaper only: hypothetical paired positions with modelled costs. No broker, no orders, no real money. A historical simulation is a diagnostic, not proof of an edge. Not investment advice.
