SIC 4513 Air Courier Services

FedEx Corporation vs FedEx Freight Holding Company Inc.

Short historyFDX / FDXFPrices through Oct 22, 2026

Why these are rivals: #1 and #2 by market value ($70B vs $16B) with SEC SIC 4513 (Air Courier Services).

Less than a year of shared trading history, so no relationship can be measured yet.

Aligned sessions: 104 (needs >= 254)

Business leadership

FDX is the larger business

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

Year	FDX	FDXF	Larger
2025	$94.7B	$8.8B	FDX
2024	$87.9B	$8.9B	FDX
2023	$87.7B	$9.4B	FDX
2022	$90.2B	-	-
2021	$93.5B	-	-
2020	$84.0B	-	-

FDX led in every year with figures for both. Market value: FDX $69.5B, FDXF $16.5B.

Stock leadership

Neither is clearly ahead

Measured against the pair's own last 252 trading days.

No statistic yet.

Price change	3 mo	6 mo	12 mo
FDX	-3.5%	-	-
FDXF	-29.7%	-	-

Relationship

Not a measured twin today

Only these tests can make a pair tradable on paper.

Fail: Aligned sessions: 104 (needs >= 254)
Data: Both stocks current

The twins over two years

Prices side by side, and the gap between them

FDX FedEx Corporation FDXF FedEx Freight Holding Company Inc.Price index, 100 = 2026-05-27. Tint = which stock is ahead of the pair's usual 1-year relationship (z beyond +/-0.5).

Spread z-score: FDX relative to FDXF, against the 252 sessions before each day. Above 0: FDX ahead; below 0: FDXF ahead. Lines at +/-2 (idea) and +/-4 (stop).

Data table (104 sessions)

Date	FDX index	FDXF index	z
2026-10-22	93.50	73.52	n/a
2026-10-21	91.75	71.49	n/a
2026-10-20	91.92	72.54	n/a
2026-10-19	90.38	72.98	n/a
2026-10-16	90.31	74.97	n/a
2026-10-15	90.93	73.18	n/a
2026-10-14	89.62	71.98	n/a
2026-10-13	89.40	72.91	n/a
2026-10-12	89.91	74.91	n/a
2026-10-09	89.75	76.47	n/a
2026-10-08	89.75	76.59	n/a
2026-10-07	88.93	75.15	n/a
2026-10-06	88.92	74.24	n/a
2026-10-05	88.95	73.89	n/a
2026-10-02	89.33	74.76	n/a
2026-10-01	88.32	73.29	n/a
2026-09-30	87.71	72.44	n/a
2026-09-29	88.44	74.21	n/a
2026-09-28	89.11	74.37	n/a
2026-09-25	87.94	74.95	n/a
2026-09-24	86.00	75.37	n/a
2026-09-23	89.68	78.95	n/a
2026-09-22	91.05	78.81	n/a
2026-09-21	91.00	77.88	n/a
2026-09-18	93.42	79.56	n/a
2026-09-17	94.11	81.04	n/a
2026-09-16	92.83	80.62	n/a
2026-09-15	94.84	84.07	n/a
2026-09-14	96.17	85.72	n/a
2026-09-11	95.99	84.97	n/a
2026-09-10	95.93	82.13	n/a
2026-09-09	95.13	82.64	n/a
2026-09-08	96.65	85.48	n/a
2026-09-04	99.23	85.73	n/a
2026-09-03	99.78	84.23	n/a
2026-09-02	97.39	83.84	n/a
2026-09-01	99.95	84.48	n/a
2026-08-31	100.73	88.57	n/a
2026-08-28	101.80	88.38	n/a
2026-08-27	101.96	88.25	n/a
2026-08-26	103.37	86.93	n/a
2026-08-25	102.67	85.26	n/a
2026-08-24	102.77	86.93	n/a
2026-08-21	100.01	90.94	n/a
2026-08-20	100.31	90.33	n/a
2026-08-19	101.03	91.50	n/a
2026-08-18	101.03	92.21	n/a
2026-08-17	101.99	95.25	n/a
2026-08-14	102.96	99.53	n/a
2026-08-13	104.40	100.66	n/a
2026-08-12	100.53	93.54	n/a
2026-08-11	99.20	92.39	n/a
2026-08-10	100.01	93.61	n/a
2026-08-07	98.01	95.87	n/a
2026-08-06	97.18	96.97	n/a
2026-08-05	95.60	94.72	n/a
2026-08-04	96.40	94.50	n/a
2026-08-03	95.14	92.07	n/a
2026-07-31	94.57	93.07	n/a
2026-07-30	94.93	91.09	n/a
2026-07-29	94.95	95.60	n/a
2026-07-28	96.19	99.99	n/a
2026-07-27	95.62	99.54	n/a
2026-07-24	96.90	104.64	n/a
2026-07-23	97.10	102.51	n/a
2026-07-22	98.77	98.89	n/a
2026-07-21	96.97	99.59	n/a
2026-07-20	94.21	99.43	n/a
2026-07-17	96.29	100.83	n/a
2026-07-16	97.90	100.95	n/a
2026-07-15	96.43	93.91	n/a
2026-07-14	96.50	95.86	n/a
2026-07-13	96.53	98.26	n/a
2026-07-10	96.82	99.03	n/a
2026-07-09	95.63	102.15	n/a
2026-07-08	95.30	94.90	n/a
2026-07-07	96.26	95.84	n/a
2026-07-06	95.35	101.11	n/a
2026-07-02	96.30	99.87	n/a
2026-07-01	96.57	103.16	n/a
2026-06-30	96.34	100.00	n/a
2026-06-29	100.11	99.13	n/a
2026-06-26	98.00	101.91	n/a
2026-06-25	101.36	104.99	n/a
2026-06-24	97.48	106.26	n/a
2026-06-23	97.60	110.25	n/a
2026-06-22	101.15	106.58	n/a
2026-06-18	100.36	107.85	n/a
2026-06-17	100.28	107.22	n/a
2026-06-16	103.29	108.50	n/a
2026-06-15	104.22	110.70	n/a
2026-06-12	104.08	115.74	n/a
2026-06-11	103.99	119.21	n/a
2026-06-10	98.22	116.13	n/a
2026-06-09	102.07	124.81	n/a
2026-06-08	101.60	118.39	n/a
2026-06-05	101.84	111.15	n/a
2026-06-04	100.91	104.44	n/a
2026-06-03	99.82	100.66	n/a
2026-06-02	101.22	101.55	n/a
2026-06-01	104.14	99.03	n/a
2026-05-29	99.99	106.21	n/a
2026-05-28	99.91	122.52	n/a
2026-05-27	100.00	100.00	n/a

No one-day company-specific move of 4+ standard deviations in this window. Upcoming earnings: FDX Oct 28, 2026 (after-hours); FDXF Oct 29, 2026 (after-hours).

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

FDX and FDXF at a glance

FDX FedEx Corporation

Listing: NYSE · SEC CIK 1048911
Industry: Air Freight/Delivery Services · SIC 4513 Air Courier Services
Market value: $69.5B
Price history: 2,521 daily closes, Oct 12, 2016 to Oct 22, 2026

FDXF FedEx Freight Holding Company Inc.

Listing: NYSE · SEC CIK 2082247
Industry: Air Freight/Delivery Services · SIC 4513 Air Courier Services
Market value: $16.5B
Price history: 104 daily closes, May 27, 2026 to Oct 22, 2026

Daily prices: Nasdaq.com. Filings and industry codes: SEC EDGAR. Earnings dates: Nasdaq earnings calendar.

All pairs →

Pair	Status	Ahead now	Industry
FDX / UAL	Watchlist	FDX by 0.84 sd	Air Freight/Delivery Services
FDX / DAL	Watchlist	neither	Air Freight/Delivery Services

Follow the research behind the paper book

Boostio is a research-first platform in private beta: crypto candidates, daily market stories, public paper trading and now rival stocks. Exploring these pages stays free and open.

Explore the private beta

Scout Market Pulse Narratives Digest Wave

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.