Integrated Freight & Logistics

C.H. Robinson Worldwide Inc. vs Expeditors International of Washington Inc.

WatchlistCHRW / EXPDPrices through Oct 22, 2026

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)
Business leadership

CHRW is the larger business

Annual revenue reported to the SEC. Scale, not market share.

YearCHRWEXPDLarger
2025$16.2B$11.1BCHRW
2024$17.7B$10.6BCHRW
2023$17.6B$9.3BCHRW
2022$24.7B$17.1BCHRW
2021$23.1B$16.5BCHRW
2020$16.2B$9.6BCHRW

CHRW led in every year with figures for both. Market value: CHRW $16.2B, EXPD $25.6B.

Stock leadership

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 change3 mo6 mo12 mo
CHRW-23.7%-22.5%+10.9%
EXPD+11.9%+31.0%+62.1%
Relationship

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
The twins over two years

Prices side by side, and the gap between them

CHRW C.H. Robinson Worldwide Inc. EXPD Expeditors International of Washington Inc.Price index, 100 = 2024-10-18. Tint = which stock is ahead of the pair's usual 1-year relationship (z beyond +/-0.5).
100150Oct 2024Oct 2025Oct 2026CHRW 129EXPD 163
Spread z-score: CHRW relative to EXPD, against the 252 sessions before each day. Above 0: CHRW ahead; below 0: EXPD ahead. Lines at +/-2 (idea) and +/-4 (stop).
-4stop-2idea0+2idea+4stopOct 2024Oct 2025Oct 2026
Data table (504 sessions)
DateCHRW indexEXPD indexzAhead
2026-10-22129.23162.81-2.14EXPD ahead
2026-10-21127.99163.49-2.26EXPD ahead
2026-10-20127.65164.66-2.35EXPD ahead
2026-10-19126.08163.33-2.41EXPD ahead
2026-10-16126.67162.58-2.39EXPD ahead
2026-10-15130.60164.85-2.32EXPD ahead
2026-10-14126.63162.97-2.48EXPD ahead
2026-10-13125.28161.93-2.55EXPD ahead
2026-10-12126.90160.51-2.46EXPD ahead
2026-10-09129.23160.37-2.37EXPD ahead
2026-10-08128.35160.76-2.47EXPD ahead
2026-10-07122.75158.38-2.72EXPD ahead
2026-10-06122.63159.17-2.81EXPD ahead
2026-10-05127.68161.10-2.66EXPD ahead
2026-10-02143.22159.73-1.83EXPD ahead
2026-10-01139.06155.80-1.88EXPD ahead
2026-09-30134.36153.23-2.03EXPD ahead
2026-09-29135.95156.15-2.11EXPD ahead
2026-09-28134.61156.50-2.23EXPD ahead
2026-09-25133.58155.57-2.27EXPD ahead
2026-09-24132.76152.41-2.20EXPD ahead
2026-09-23135.91156.04-2.23EXPD ahead
2026-09-22135.81155.61-2.25EXPD ahead
2026-09-21138.79159.46-2.30EXPD ahead
2026-09-18138.92158.46-2.28EXPD ahead
2026-09-17139.68156.91-2.19EXPD ahead
2026-09-16139.36156.88-2.24EXPD ahead
2026-09-15143.14160.91-2.26EXPD ahead
2026-09-14142.85160.67-2.29EXPD ahead
2026-09-11138.73159.83-2.52EXPD ahead
2026-09-10138.41157.11-2.44EXPD ahead
2026-09-09136.62156.27-2.54EXPD ahead
2026-09-08136.30154.32-2.50EXPD ahead
2026-09-04134.07156.68-2.81EXPD ahead
2026-09-03133.20155.29-2.85EXPD ahead
2026-09-02131.85154.49-2.95EXPD ahead
2026-09-01134.28155.77-2.92EXPD ahead
2026-08-31135.90157.39-2.97EXPD ahead
2026-08-28136.56158.48-3.05EXPD ahead
2026-08-27137.24158.27-3.06EXPD ahead
2026-08-26137.78157.83-3.06EXPD ahead
2026-08-25130.45156.89-3.62EXPD ahead
2026-08-24129.73155.88-3.72EXPD ahead
2026-08-21128.61155.86-3.93EXPD ahead
2026-08-20130.61154.69-3.80EXPD ahead
2026-08-19131.23154.72-3.87EXPD ahead
2026-08-18131.37154.32-3.95EXPD ahead
2026-08-17131.47156.24-4.23EXPD ahead
2026-08-14134.91154.46-3.91EXPD ahead
2026-08-13135.62155.23-4.02EXPD ahead
2026-08-12133.21153.09-4.21EXPD ahead
2026-08-11131.76147.06-3.95EXPD ahead
2026-08-10134.66148.55-3.91EXPD ahead
2026-08-07135.61148.31-3.90EXPD ahead
2026-08-06133.18148.18-4.28EXPD ahead
2026-08-05139.48150.55-3.95EXPD ahead
2026-08-04140.52150.61-3.96EXPD ahead
2026-08-03133.48141.57-3.90EXPD ahead
2026-07-31134.15139.33-3.58EXPD ahead
2026-07-30133.41138.60-3.58EXPD ahead
2026-07-29157.78141.19-1.30EXPD ahead
2026-07-28153.77142.26-1.75EXPD ahead
2026-07-27158.42142.19-1.28EXPD ahead
2026-07-24169.36145.48-0.63EXPD ahead
2026-07-23186.62146.21+0.65CHRW ahead
2026-07-22188.29147.26+0.67CHRW ahead
2026-07-21190.17148.20+0.72CHRW ahead
2026-07-20186.88147.20+0.59CHRW ahead
2026-07-17189.33151.70+0.38near the usual relationship
2026-07-16186.83151.00+0.28near the usual relationship
2026-07-15179.34147.47+0.08near the usual relationship
2026-07-14181.26147.90+0.18near the usual relationship
2026-07-13178.43145.64+0.18near the usual relationship
2026-07-10175.71142.76+0.25near the usual relationship
2026-07-09175.04141.59+0.30near the usual relationship
2026-07-08172.49136.40+0.56CHRW ahead
2026-07-07173.39137.54+0.53CHRW ahead
2026-07-06171.23137.51+0.41near the usual relationship
2026-07-02172.40139.06+0.36near the usual relationship
2026-07-01173.68138.43+0.50CHRW ahead
2026-06-30171.02135.25+0.58CHRW ahead
2026-06-29167.76134.41+0.45near the usual relationship
2026-06-26162.84133.39+0.24near the usual relationship
2026-06-25163.76134.17+0.25near the usual relationship
2026-06-24160.98132.91+0.18near the usual relationship
2026-06-23162.40133.89+0.20near the usual relationship
2026-06-22169.87135.39+0.53CHRW ahead
2026-06-18168.03133.88+0.54CHRW ahead
2026-06-17168.17133.29+0.59CHRW ahead
2026-06-16171.99136.12+0.61CHRW ahead
2026-06-15172.76135.46+0.70CHRW ahead
2026-06-12175.93138.27+0.68CHRW ahead
2026-06-11173.54138.12+0.58CHRW ahead
2026-06-10167.99136.69+0.39near the usual relationship
2026-06-09174.03138.04+0.62CHRW ahead
2026-06-08170.84135.63+0.62CHRW ahead
2026-06-05167.16133.15+0.59CHRW ahead
2026-06-04167.62132.89+0.64CHRW ahead
2026-06-03164.12131.70+0.54CHRW ahead
2026-06-02162.11131.01+0.49near the usual relationship
2026-06-01163.35132.80+0.45near the usual relationship
2026-05-29162.22131.11+0.50CHRW ahead
2026-05-28159.28131.92+0.31near the usual relationship
2026-05-27160.26134.03+0.24near the usual relationship
2026-05-26161.55133.36+0.35near the usual relationship
2026-05-22158.21131.52+0.30near the usual relationship
2026-05-21161.75130.45+0.55CHRW ahead
2026-05-20164.03131.47+0.60CHRW ahead
2026-05-19157.11130.79+0.31near the usual relationship
2026-05-18154.12130.10+0.20near the usual relationship
2026-05-15148.55129.00-0.01near the usual relationship
2026-05-14145.09127.48-0.10near the usual relationship
2026-05-13148.25129.29-0.03near the usual relationship
2026-05-12151.84128.16+0.23near the usual relationship
2026-05-11154.35129.08+0.31near the usual relationship
2026-05-08155.63130.03+0.32near the usual relationship
2026-05-07155.61126.02+0.56CHRW ahead
2026-05-06153.09125.51+0.47near the usual relationship
2026-05-05151.76127.04+0.33near the usual relationship
2026-05-04146.42115.94+0.74CHRW ahead
2026-05-01161.00122.18+1.06CHRW ahead
2026-04-30165.09122.73+1.22CHRW ahead
2026-04-29169.29123.48+1.37CHRW ahead
2026-04-28170.68122.31+1.51CHRW ahead
2026-04-27171.09122.90+1.50CHRW ahead
2026-04-24166.20122.46+1.33CHRW ahead
2026-04-23166.85124.27+1.26CHRW ahead
2026-04-22165.58123.19+1.28CHRW ahead
2026-04-21166.76125.29+1.21CHRW ahead
2026-04-20167.04123.91+1.32CHRW ahead
2026-04-17165.48122.24+1.36CHRW ahead
2026-04-16164.91122.00+1.36CHRW ahead
2026-04-15152.63119.52+0.95CHRW ahead
2026-04-14153.02120.26+0.93CHRW ahead
2026-04-13149.76119.40+0.84CHRW ahead
2026-04-10148.46118.72+0.82CHRW ahead
2026-04-09154.55120.19+1.03CHRW ahead
2026-04-08156.57121.68+1.04CHRW ahead
2026-04-07150.83119.94+0.89CHRW ahead
2026-04-06153.47120.72+0.97CHRW ahead
2026-04-02152.41121.00+0.91CHRW ahead
2026-04-01153.01119.76+1.02CHRW ahead
2026-03-31150.80118.86+0.98CHRW ahead
2026-03-30147.03117.41+0.90CHRW ahead
2026-03-27146.72117.20+0.90CHRW ahead
2026-03-26152.25118.39+1.10CHRW ahead
2026-03-25154.13118.82+1.17CHRW ahead
2026-03-24153.64117.82+1.22CHRW ahead
2026-03-23151.50116.63+1.20CHRW ahead
2026-03-20153.35121.45+1.01CHRW ahead
2026-03-19158.74122.19+1.22CHRW ahead
2026-03-18154.95120.02+1.18CHRW ahead
2026-03-17155.93118.80+1.31CHRW ahead
2026-03-16154.81118.50+1.29CHRW ahead
2026-03-13153.82118.30+1.26CHRW ahead
2026-03-12156.06118.03+1.39CHRW ahead
2026-03-11159.62116.85+1.64CHRW ahead
2026-03-10159.69117.32+1.63CHRW ahead
2026-03-09165.21120.53+1.69CHRW ahead
2026-03-06163.12121.88+1.54CHRW ahead
2026-03-05167.82121.76+1.76CHRW ahead
2026-03-04172.41121.87+1.97CHRW ahead
2026-03-03175.55122.85+2.07CHRW ahead
2026-03-02170.02120.85+1.98CHRW ahead
2026-02-27168.22120.36+1.95CHRW ahead
2026-02-26167.16120.10+1.94CHRW ahead
2026-02-25159.74117.73+1.77CHRW ahead
2026-02-24161.04115.21+2.02CHRW ahead
2026-02-23160.91124.17+1.47CHRW ahead
2026-02-20172.59129.71+1.68CHRW ahead
2026-02-19168.16125.06+1.78CHRW ahead
2026-02-18168.77124.13+1.88CHRW ahead
2026-02-17161.07122.12+1.67CHRW ahead
2026-02-13159.83121.58+1.66CHRW ahead
2026-02-12152.35116.65+1.63CHRW ahead
2026-02-11178.28134.35+1.77CHRW ahead
2026-02-10178.53134.20+1.81CHRW ahead
2026-02-09181.89135.80+1.88CHRW ahead
2026-02-06182.15136.96+1.85CHRW ahead
2026-02-05179.29135.92+1.81CHRW ahead
2026-02-04180.47136.86+1.82CHRW ahead
2026-02-03181.35134.62+2.02CHRW ahead
2026-02-02180.25135.73+1.93CHRW ahead
2026-01-30177.03133.23+1.95CHRW ahead
2026-01-29175.91134.02+1.87CHRW ahead
2026-01-28167.34132.84+1.55CHRW ahead
2026-01-27163.84131.44+1.48CHRW ahead
2026-01-26161.73131.82+1.36CHRW ahead
2026-01-23160.42132.12+1.28CHRW ahead
2026-01-22161.54133.44+1.27CHRW ahead
2026-01-21162.89134.86+1.26CHRW ahead
2026-01-20159.00132.05+1.24CHRW ahead
2026-01-16159.61134.78+1.11CHRW ahead
2026-01-15159.21135.90+1.03CHRW ahead
2026-01-14156.47134.62+0.97CHRW ahead
2026-01-13157.48133.35+1.11CHRW ahead
2026-01-12156.68133.71+1.05CHRW ahead
2026-01-09155.07131.86+1.09CHRW ahead
2026-01-08150.75131.24+0.90CHRW ahead
2026-01-07151.40130.21+1.01CHRW ahead
2026-01-06152.25130.71+1.03CHRW ahead
2026-01-05151.84128.13+1.18CHRW ahead
2026-01-02148.67126.02+1.15CHRW ahead
2025-12-31145.98123.66+1.16CHRW ahead
2025-12-30147.07124.58+1.17CHRW ahead
2025-12-29148.87125.36+1.23CHRW ahead
2025-12-26149.49126.34+1.21CHRW ahead
2025-12-24149.78125.78+1.27CHRW ahead
2025-12-23149.46125.85+1.26CHRW ahead
2025-12-22149.82126.99+1.21CHRW ahead
2025-12-19151.16126.86+1.31CHRW ahead
2025-12-18149.86125.08+1.36CHRW ahead
2025-12-17145.38124.27+1.16CHRW ahead
2025-12-16144.42124.46+1.10CHRW ahead
2025-12-15143.12125.78+0.93CHRW ahead
2025-12-12142.65125.94+0.90CHRW ahead
2025-12-11145.11126.99+0.98CHRW ahead
2025-12-10143.78125.60+1.01CHRW ahead
2025-12-09138.50122.58+0.90CHRW ahead
2025-12-08139.31122.86+0.93CHRW ahead
2025-12-05142.77125.70+0.96CHRW ahead
2025-12-04143.52124.90+1.07CHRW ahead
2025-12-03144.87122.90+1.31CHRW ahead
2025-12-02144.95121.56+1.42CHRW ahead
2025-12-01145.58121.54+1.48CHRW ahead
2025-11-28144.26121.91+1.38CHRW ahead
2025-11-26144.87122.29+1.40CHRW ahead
2025-11-25142.88122.47+1.27CHRW ahead
2025-11-24140.35119.72+1.33CHRW ahead
2025-11-21137.73118.85+1.23CHRW ahead
2025-11-20134.91114.77+1.37CHRW ahead
2025-11-19137.44115.46+1.50CHRW ahead
2025-11-18137.74116.11+1.48CHRW ahead
2025-11-17138.61118.03+1.40CHRW ahead
2025-11-14138.75114.87+1.67CHRW ahead
2025-11-13137.72114.89+1.62CHRW ahead
2025-11-12138.92116.75+1.56CHRW ahead
2025-11-11136.84115.78+1.51CHRW ahead
2025-11-10137.77116.55+1.53CHRW ahead
2025-11-07135.70114.05+1.61CHRW ahead
2025-11-06134.60111.65+1.75CHRW ahead
2025-11-05139.05114.46+1.84CHRW ahead
2025-11-04138.85112.64+2.01CHRW ahead
2025-11-03138.16101.63+3.03CHRW ahead
2025-10-31139.83101.16+3.28CHRW ahead
2025-10-30140.6499.74+3.58CHRW ahead
2025-10-29117.4897.57+1.96CHRW ahead
2025-10-28116.3099.09+1.71CHRW ahead
2025-10-27117.1999.29+1.79CHRW ahead
2025-10-24114.4797.77+1.72CHRW ahead
2025-10-23113.8898.32+1.62CHRW ahead
2025-10-22115.4698.43+1.77CHRW ahead
2025-10-21116.49100.44+1.67CHRW ahead
2025-10-20115.7499.95+1.67CHRW ahead
2025-10-17115.6899.52+1.72CHRW ahead
2025-10-16114.4198.13+1.78CHRW ahead
2025-10-15116.2497.39+2.06CHRW ahead
2025-10-14116.2197.42+2.08CHRW ahead
2025-10-13112.9594.58+2.12CHRW ahead
2025-10-10113.7993.88+2.32CHRW ahead
2025-10-09117.0596.45+2.37CHRW ahead
2025-10-08121.72100.21+2.42CHRW ahead
2025-10-07121.49101.48+2.28CHRW ahead
2025-10-06122.01102.63+2.23CHRW ahead
2025-10-03122.95102.51+2.38CHRW ahead
2025-10-02122.38102.12+2.40CHRW ahead
2025-10-01120.46100.85+2.40CHRW ahead
2025-09-30120.23101.73+2.30CHRW ahead
2025-09-29119.75101.88+2.26CHRW ahead
2025-09-26119.69101.11+2.39CHRW ahead
2025-09-25121.53100.61+2.69CHRW ahead
2025-09-24121.04100.40+2.72CHRW ahead
2025-09-23121.90100.52+2.85CHRW ahead
2025-09-22121.6699.15+3.07CHRW ahead
2025-09-19123.5699.71+3.28CHRW ahead
2025-09-18124.49102.95+3.01CHRW ahead
2025-09-17122.67103.69+2.75CHRW ahead
2025-09-16121.47103.57+2.68CHRW ahead
2025-09-15121.02103.05+2.74CHRW ahead
2025-09-12120.24102.50+2.78CHRW ahead
2025-09-11118.97102.37+2.69CHRW ahead
2025-09-10115.90100.70+2.59CHRW ahead
2025-09-09114.46100.38+2.49CHRW ahead
2025-09-08114.32101.01+2.42CHRW ahead
2025-09-05114.53100.34+2.59CHRW ahead
2025-09-04116.09100.95+2.75CHRW ahead
2025-09-03116.9599.92+3.10CHRW ahead
2025-09-02117.04100.29+3.12CHRW ahead
2025-08-29116.87100.03+3.22CHRW ahead
2025-08-28117.40100.65+3.27CHRW ahead
2025-08-27116.29101.52+3.03CHRW ahead
2025-08-26115.23100.91+3.04CHRW ahead
2025-08-25114.7999.88+3.23CHRW ahead
2025-08-22113.6799.60+3.17CHRW ahead
2025-08-21111.5198.27+3.14CHRW ahead
2025-08-20109.9599.00+2.80CHRW ahead
2025-08-19112.44100.75+2.95CHRW ahead
2025-08-18111.6699.59+3.10CHRW ahead
2025-08-15110.0999.47+2.91CHRW ahead
2025-08-14110.3599.48+3.02CHRW ahead
2025-08-13109.87101.45+2.59CHRW ahead
2025-08-12107.85100.18+2.51CHRW ahead
2025-08-11105.5597.07+2.76CHRW ahead
2025-08-08106.0497.20+2.89CHRW ahead
2025-08-07106.9997.98+2.96CHRW ahead
2025-08-06106.9198.53+2.88CHRW ahead
2025-08-05105.6396.52+3.12CHRW ahead
2025-08-04104.4597.00+2.75CHRW ahead
2025-08-01103.3995.15+2.93CHRW ahead
2025-07-31104.7296.46+2.90CHRW ahead
2025-07-3088.6792.42+0.36near the usual relationship
2025-07-2990.6294.99+0.26near the usual relationship
2025-07-2892.1695.73+0.44near the usual relationship
2025-07-2593.2796.85+0.45near the usual relationship
2025-07-2493.6896.96+0.52CHRW ahead
2025-07-2391.3495.79+0.28near the usual relationship
2025-07-2289.8494.88+0.17near the usual relationship
2025-07-2187.9293.39+0.07near the usual relationship
2025-07-1888.5292.67+0.33near the usual relationship
2025-07-1789.4794.54+0.18near the usual relationship
2025-07-1688.9493.72+0.24near the usual relationship
2025-07-1588.1494.05+0.04near the usual relationship
2025-07-1489.0195.42-0.02near the usual relationship
2025-07-1190.2696.07+0.10near the usual relationship
2025-07-1091.5798.96-0.13near the usual relationship
2025-07-0990.0197.32-0.12near the usual relationship
2025-07-0889.2997.36-0.24near the usual relationship
2025-07-0787.8496.41-0.33near the usual relationship
2025-07-0389.0298.24-0.39near the usual relationship
2025-07-0290.0298.81-0.30near the usual relationship
2025-07-0189.2797.91-0.27near the usual relationship
2025-06-3087.1394.81-0.15near the usual relationship
2025-06-2787.7795.43-0.12near the usual relationship
2025-06-2684.6294.27-0.45near the usual relationship
2025-06-2584.1993.18-0.34near the usual relationship
2025-06-2485.6194.74-0.33near the usual relationship
2025-06-2385.3194.93-0.39near the usual relationship
2025-06-2084.1194.30-0.47near the usual relationship
2025-06-1884.8293.84-0.28near the usual relationship
2025-06-1784.9994.45-0.33near the usual relationship
2025-06-1685.2395.53-0.42near the usual relationship
2025-06-1384.9494.82-0.35near the usual relationship
2025-06-1286.2795.09-0.19near the usual relationship
2025-06-1185.8894.98-0.21near the usual relationship
2025-06-1087.3395.38-0.06near the usual relationship
2025-06-0986.9493.78+0.10near the usual relationship
2025-06-0686.9993.24+0.18near the usual relationship
2025-06-0586.7392.24+0.28near the usual relationship
2025-06-0487.3292.59+0.32near the usual relationship
2025-06-0387.4492.75+0.32near the usual relationship
2025-06-0287.2892.29+0.36near the usual relationship
2025-05-3087.1593.55+0.20near the usual relationship
2025-05-2987.2694.00+0.17near the usual relationship
2025-05-2886.7993.05+0.22near the usual relationship
2025-05-2788.3594.84+0.22near the usual relationship
2025-05-2386.9593.33+0.22near the usual relationship
2025-05-2287.6594.35+0.20near the usual relationship
2025-05-2188.2594.17+0.30near the usual relationship
2025-05-2090.8796.60+0.35near the usual relationship
2025-05-1990.8898.04+0.20near the usual relationship
2025-05-1691.0698.20+0.21near the usual relationship
2025-05-1589.6795.44+0.35near the usual relationship
2025-05-1489.0294.83+0.35near the usual relationship
2025-05-1387.4395.69+0.07near the usual relationship
2025-05-1287.1396.33-0.03near the usual relationship
2025-05-0980.7990.54-0.16near the usual relationship
2025-05-0881.3491.49-0.19near the usual relationship
2025-05-0779.4989.62-0.21near the usual relationship
2025-05-0680.2088.12+0.06near the usual relationship
2025-05-0581.6792.76-0.26near the usual relationship
2025-05-0282.4893.44-0.22near the usual relationship
2025-05-0181.9890.96-0.01near the usual relationship
2025-04-3081.0291.21-0.14near the usual relationship
2025-04-2980.2189.93-0.09near the usual relationship
2025-04-2880.8990.20-0.02near the usual relationship
2025-04-2581.5090.11+0.07near the usual relationship
2025-04-2483.5792.10+0.10near the usual relationship
2025-04-2382.2888.87+0.30near the usual relationship
2025-04-2281.9888.89+0.27near the usual relationship
2025-04-2181.0686.96+0.37near the usual relationship
2025-04-1782.7688.55+0.40near the usual relationship
2025-04-1681.6087.54+0.38near the usual relationship
2025-04-1583.1491.31+0.19near the usual relationship
2025-04-1483.8892.99+0.12near the usual relationship
2025-04-1182.8791.41+0.17near the usual relationship
2025-04-1081.9789.84+0.23near the usual relationship
2025-04-0983.4991.23+0.27near the usual relationship
2025-04-0878.9785.34+0.36near the usual relationship
2025-04-0780.9787.68+0.35near the usual relationship
2025-04-0482.5890.44+0.27near the usual relationship
2025-04-0386.0691.83+0.48near the usual relationship
2025-04-0293.37101.15+0.37near the usual relationship
2025-04-0193.31101.44+0.35near the usual relationship
2025-03-3192.9999.79+0.45near the usual relationship
2025-03-2891.8399.36+0.40near the usual relationship
2025-03-2792.3399.82+0.41near the usual relationship
2025-03-2692.5198.90+0.50CHRW ahead
2025-03-2590.8198.19+0.42near the usual relationship
2025-03-2491.2497.82+0.49near the usual relationship
2025-03-2190.7696.51+0.56CHRW ahead
2025-03-2090.1795.99+0.55CHRW ahead
2025-03-1990.1896.60+0.52CHRW ahead
2025-03-1890.8697.26+0.53CHRW ahead
2025-03-1791.7197.01+0.62CHRW ahead
2025-03-1489.3395.56+0.55CHRW ahead
2025-03-1387.4696.67+0.32near the usual relationship
2025-03-1287.3497.18+0.28near the usual relationship
2025-03-1189.0497.46+0.40near the usual relationship
2025-03-1092.22101.37+0.38near the usual relationship
2025-03-0793.03104.96+0.21near the usual relationship
2025-03-0689.10100.20+0.24near the usual relationship
2025-03-0588.9198.00+0.38near the usual relationship
2025-03-0489.3198.03+0.41near the usual relationship
2025-03-0391.1498.38+0.53CHRW ahead
2025-02-2892.2897.39+0.69CHRW ahead
2025-02-2790.1297.14+0.55CHRW ahead
2025-02-2689.1597.43+0.47near the usual relationship
2025-02-2589.6998.32+0.45near the usual relationship
2025-02-2491.4296.72+0.69CHRW ahead
2025-02-2191.6096.60+0.72CHRW ahead
2025-02-2091.1997.31+0.65CHRW ahead
2025-02-1989.9296.49+0.62CHRW ahead
2025-02-1890.7397.95+0.59CHRW ahead
2025-02-1490.3494.32+0.81CHRW ahead
2025-02-1389.5593.56+0.81CHRW ahead
2025-02-1288.5892.15+0.84CHRW ahead
2025-02-1190.5793.27+0.91CHRW ahead
2025-02-1090.2193.36+0.89CHRW ahead
2025-02-0787.7191.61+0.84CHRW ahead
2025-02-0687.7591.88+0.83CHRW ahead
2025-02-0588.3192.79+0.81CHRW ahead
2025-02-0489.7493.32+0.88CHRW ahead
2025-02-0389.0891.93+0.94CHRW ahead
2025-01-3190.3494.26+0.88CHRW ahead
2025-01-3091.2194.39+0.93CHRW ahead
2025-01-2998.0194.85+1.36CHRW ahead
2025-01-2899.7294.76+1.49CHRW ahead
2025-01-2799.0295.70+1.39CHRW ahead
2025-01-2498.2293.77+1.48CHRW ahead
2025-01-2397.1694.85+1.36CHRW ahead
2025-01-2295.5793.21+1.37CHRW ahead
2025-01-2195.7093.56+1.37CHRW ahead
2025-01-1794.0691.58+1.41CHRW ahead
2025-01-1693.2592.29+1.32CHRW ahead
2025-01-1593.5692.49+1.34CHRW ahead
2025-01-1493.3892.32+1.35CHRW ahead
2025-01-1394.0591.77+1.44CHRW ahead
2025-01-1092.4090.53+1.43CHRW ahead
2025-01-0894.0893.68+1.34CHRW ahead
2025-01-0794.4892.45+1.46CHRW ahead
2025-01-0694.0092.21+1.46CHRW ahead
2025-01-0394.8492.35+1.52CHRW ahead
2025-01-0293.3391.30+1.51CHRW ahead
2024-12-3193.8291.93+1.51CHRW ahead
2024-12-3093.9791.95+1.53CHRW ahead
2024-12-2794.3492.46+1.54CHRW ahead
2024-12-2694.7392.34+1.59CHRW ahead
2024-12-2494.6992.27+1.60CHRW ahead
2024-12-2394.4591.70+1.65CHRW ahead
2024-12-2094.7592.51+1.62CHRW ahead
2024-12-1995.3593.56+1.61CHRW ahead
2024-12-1896.6694.88+1.62CHRW ahead
2024-12-1798.8796.20+1.70CHRW ahead
2024-12-1699.9997.74+1.68CHRW ahead
2024-12-13101.1498.35+1.74CHRW ahead
2024-12-12103.5799.38+1.85CHRW ahead
2024-12-1199.1099.92+1.52CHRW ahead
2024-12-1099.17100.50+1.50CHRW ahead
2024-12-0998.20100.12+1.47CHRW ahead
2024-12-0695.7498.99+1.38CHRW ahead
2024-12-0596.4199.96+1.37CHRW ahead
2024-12-0497.73100.58+1.43CHRW ahead
2024-12-0397.71100.48+1.45CHRW ahead
2024-12-0296.42100.80+1.35CHRW ahead
2024-11-2995.87100.95+1.31CHRW ahead
2024-11-2795.57100.62+1.32CHRW ahead
2024-11-2696.58100.95+1.38CHRW ahead
2024-11-2597.65101.57+1.43CHRW ahead
2024-11-2297.72100.68+1.51CHRW ahead
2024-11-2198.56100.17+1.63CHRW ahead
2024-11-2099.0198.70+1.79CHRW ahead
2024-11-1999.0597.95+1.87CHRW ahead
2024-11-1899.8899.86+1.81CHRW ahead
2024-11-15100.0699.72+1.85CHRW ahead
2024-11-14101.23100.38+1.91CHRW ahead
2024-11-13101.4199.17+2.04CHRW ahead
2024-11-1299.0698.55+1.93CHRW ahead
2024-11-1199.0199.20+1.90CHRW ahead
2024-11-0898.5899.63+1.85CHRW ahead
2024-11-0797.9999.58+1.83CHRW ahead
2024-11-0696.6499.10+1.77CHRW ahead
2024-11-0595.28101.26+1.50CHRW ahead
2024-11-0493.2199.91+1.44CHRW ahead
2024-11-0192.4698.80+1.48CHRW ahead
2024-10-3193.5798.76+1.59CHRW ahead
2024-10-3099.5699.21+2.08CHRW ahead
2024-10-2998.0799.27+1.97CHRW ahead
2024-10-2898.9299.65+2.03CHRW ahead
2024-10-2598.1899.45+2.01CHRW ahead
2024-10-2496.9299.24+1.94CHRW ahead
2024-10-2397.9499.17+2.05CHRW ahead
2024-10-2298.1599.75+2.04CHRW ahead
2024-10-2198.8799.78+2.13CHRW ahead
2024-10-18100.00100.00+2.24CHRW 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).

Paired trades

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.

The companies

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.

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Paper 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.