CVLG vs. XPO
CVLG (Covenant Logistics Group, Inc.) and XPO (XPO Logistics, Inc.) are both stocks. Both are in the Industrials sector — CVLG in Trucking, XPO in Integrated Freight & Logistics. Over the past 10 years, CVLG returned 14.93%/yr vs 36.52%/yr for XPO. At a 0.28 correlation, their price movements are largely independent.
Performance
CVLG vs. XPO - Performance Comparison
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Returns By Period
In the year-to-date period, CVLG achieves a 91.75% return, which is significantly higher than XPO's 60.91% return. Over the past 10 years, CVLG has underperformed XPO with an annualized return of 14.93%, while XPO has yielded a comparatively higher 36.52% annualized return.
CVLG
- 1D
- 0.60%
- 1M
- 33.50%
- YTD
- 91.75%
- 6M
- 95.39%
- 1Y
- 83.30%
- 3Y*
- 29.12%
- 5Y*
- 31.91%
- 10Y*
- 14.93%
XPO
- 1D
- 0.81%
- 1M
- 9.37%
- YTD
- 60.91%
- 6M
- 56.48%
- 1Y
- 90.20%
- 3Y*
- 64.01%
- 5Y*
- 34.84%
- 10Y*
- 36.52%
CVLG vs. XPO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CVLG Covenant Logistics Group, Inc. | 91.75% | -18.15% | 19.42% | 34.63% | 32.17% | 78.46% | 14.54% | -32.66% | -33.17% | 48.55% |
XPO XPO Logistics, Inc. | 60.91% | 3.63% | 49.73% | 163.11% | -27.64% | 11.60% | 49.56% | 39.73% | -37.72% | 112.21% |
Correlation
The correlation between CVLG and XPO is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Oct 8, 2003 | 0.28 |
Over the past year, CVLG and XPO have become more correlated (0.68) than their long-term average of 0.28, meaning their price movements have been converging.
Fundamentals
CVLG:
$1.11B
XPO:
$26.02B
CVLG:
$0.19
XPO:
$2.92
CVLG:
219.58
XPO:
74.94
CVLG:
0.93
XPO:
3.14
CVLG:
2.73
XPO:
14.06
CVLG:
$1.20B
XPO:
$8.30B
CVLG:
$98.20M
XPO:
$772.00M
CVLG:
$117.61M
XPO:
$1.20B
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Return for Risk
CVLG vs. XPO — Risk / Return Rank
CVLG
XPO
CVLG vs. XPO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Covenant Logistics Group, Inc. (CVLG) and XPO Logistics, Inc. (XPO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| CVLG | XPO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.33 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.71 | 5.80 | -3.09 |
| Martin ratioReturn relative to average drawdown | 6.86 | 13.81 | -6.95 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CVLG | XPO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.17 | 2.09 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.75 | 0.75 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | 0.77 | -0.45 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.44 | -0.35 |
Drawdowns
CVLG vs. XPO - Drawdown Comparison
The maximum CVLG drawdown since its inception was -93.91%, which is greater than XPO's maximum drawdown of -82.85%. Use the drawdown chart below to compare losses from any high point for CVLG and XPO.
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Drawdown Indicators
| CVLG | XPO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.91% | -82.85% | -11.06% |
Max Drawdown (1Y)Largest decline over 1 year | -30.86% | -15.63% | -15.23% |
Max Drawdown (3Y)Largest decline over 3 years | -41.26% | -42.19% | +0.93% |
Max Drawdown (5Y)Largest decline over 5 years | -47.55% | -53.17% | +5.62% |
Max Drawdown (10Y)Largest decline over 10 years | -80.48% | -64.48% | -16.00% |
Current DrawdownCurrent decline from peak | 0.00% | -4.24% | +4.24% |
Average DrawdownAverage peak-to-trough decline | -40.96% | -30.30% | -10.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.18% | 6.55% | +5.63% |
Volatility
CVLG vs. XPO - Volatility Comparison
The current volatility for Covenant Logistics Group, Inc. (CVLG) is 9.48%, while XPO Logistics, Inc. (XPO) has a volatility of 10.66%. This indicates that CVLG experiences smaller price fluctuations and is considered to be less risky than XPO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CVLG | XPO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.48% | 10.66% | -1.18% |
Volatility (6M)Calculated over the trailing 6-month period | 29.59% | 32.45% | -2.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.73% | 43.38% | -4.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.71% | 46.92% | -4.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.44% | 47.80% | -0.36% |
Dividends
CVLG vs. XPO - Dividend Comparison
CVLG's dividend yield for the trailing twelve months is around 0.66%, while XPO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CVLG Covenant Logistics Group, Inc. | 0.66% | 1.27% | 0.81% | 0.96% | 0.82% |
XPO XPO Logistics, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
CVLG vs. XPO - Financials Comparison
This section allows you to compare key financial metrics between Covenant Logistics Group, Inc. and XPO Logistics, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
CVLG vs. XPO - Profitability Comparison
CVLG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Covenant Logistics Group, Inc. reported a gross profit of 0.00 and revenue of 307.16M. Therefore, the gross margin over that period was 0.0%.
XPO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, XPO Logistics, Inc. reported a gross profit of 0.00 and revenue of 2.10B. Therefore, the gross margin over that period was 0.0%.
CVLG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Covenant Logistics Group, Inc. reported an operating income of 6.28M and revenue of 307.16M, resulting in an operating margin of 2.1%.
XPO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, XPO Logistics, Inc. reported an operating income of 174.00M and revenue of 2.10B, resulting in an operating margin of 8.3%.
CVLG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Covenant Logistics Group, Inc. reported a net income of 4.42M and revenue of 307.16M, resulting in a net margin of 1.4%.
XPO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, XPO Logistics, Inc. reported a net income of 101.00M and revenue of 2.10B, resulting in a net margin of 4.8%.
Frequently Asked Questions
CVLG and XPO have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XPO has higher volatility (10.66%) compared to CVLG (9.48%). In terms of maximum drawdown, CVLG dropped -93.91% vs XPO's -82.85%.
CVLG currently has the higher Sharpe Ratio (2.17 vs 2.09), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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