EXPO vs. ROAD

Last updated Jun 9, 2026

EXPO (Exponent, Inc.) and ROAD (Construction Partners, Inc.) are both stocks. Both are in the Industrials sector — EXPO in Consulting Services, ROAD in Engineering & Construction. Over the past 5 years, EXPO returned -6.72%/yr vs 25.85%/yr for ROAD. At a 0.31 correlation, their price movements are largely independent.

Performance

EXPO vs. ROAD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Exponent, Inc. (EXPO) and Construction Partners, Inc. (ROAD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EXPO achieves a -14.63% return, which is significantly lower than ROAD's -2.01% return.

EXPO

• 1D: -1.54%
• 1M: -3.86%
• YTD: -14.63%
• 6M: -17.61%
• 1Y: -22.77%
• 3Y*: -13.93%
• 5Y*: -6.72%
• 10Y*: 9.03%

ROAD

• 1D: -3.80%
• 1M: -24.28%
• YTD: -2.01%
• 6M: 2.07%
• 1Y: -3.62%
• 3Y*: 49.37%
• 5Y*: 25.85%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EXPO vs. ROAD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
EXPO Exponent, Inc.	-14.63%	-20.81%	2.42%	-10.14%	-14.25%	30.67%	31.74%	37.51%	17.54%
ROAD Construction Partners, Inc.	-2.01%	22.71%	103.26%	63.06%	-9.25%	1.03%	72.55%	91.05%	-32.08%

Correlation

The correlation between EXPO and ROAD is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.35
Correlation (All Time) Calculated using the full available price history since May 4, 2018	0.31

The correlation between EXPO and ROAD shifts across timeframes, from 0.21 (1 year) to 0.35 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap EXPO : $2.94B ROAD : $5.98B
EPS EXPO : $2.14 ROAD : $2.27
PE Ratio EXPO : 27.47 ROAD : 46.86
PEG Ratio EXPO : 13.02 ROAD : 0.87
PS Ratio EXPO : 6.85 ROAD : 1.83
PB Ratio EXPO : 8.70 ROAD : 6.11
Total Revenue (TTM) EXPO : $436.51M ROAD : $3.26B
Gross Profit (TTM) EXPO : $95.87M ROAD : $511.53M
EBITDA (TTM) EXPO : $153.50M ROAD : $397.81M

Return for Risk

EXPO vs. ROAD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EXPO

EXPO Risk / Return Rank: 11
EXPO Sharpe Ratio Rank: 11
EXPO Sortino Ratio Rank: 12
EXPO Omega Ratio Rank: 14
EXPO Calmar Ratio Rank: 16
EXPO Martin Ratio Rank: 2

ROAD

ROAD Risk / Return Rank: 37
ROAD Sharpe Ratio Rank: 39
ROAD Sortino Ratio Rank: 36
ROAD Omega Ratio Rank: 35
ROAD Calmar Ratio Rank: 38
ROAD Martin Ratio Rank: 37

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EXPO vs. ROAD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Exponent, Inc. (EXPO) and Construction Partners, Inc. (ROAD). 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.

	EXPO	ROAD	Difference
Sharpe ratio: Return per unit of total volatility	-0.74	-0.08	-0.66
Sortino ratio: Return per unit of downside risk	-1.01	0.24	-1.25
Omega ratio: Gain probability vs. loss probability	0.89	1.03	-0.14
Calmar ratio: Return relative to maximum drawdown	-0.70	-0.14	-0.57
Martin ratio: Return relative to average drawdown	-1.80	-0.26	-1.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EXPO vs. ROAD - Sharpe Ratio Comparison

The current EXPO Sharpe Ratio is -0.74, which is lower than the ROAD Sharpe Ratio of -0.08. The chart below compares the historical Sharpe Ratios of EXPO and ROAD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EXPO	ROAD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.74	-0.08	-0.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.22	0.57	-0.80
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.31	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	0.64	-0.42

Drawdowns

EXPO vs. ROAD - Drawdown Comparison

The maximum EXPO drawdown since its inception was -86.44%, which is greater than ROAD's maximum drawdown of -54.54%. Use the drawdown chart below to compare losses from any high point for EXPO and ROAD.

Drawdown Indicators

	EXPO	ROAD	Difference
Max Drawdown Largest peak-to-trough decline	-86.44%	-54.54%	-31.90%
Max Drawdown (1Y) Largest decline over 1 year	-32.45%	-26.55%	-5.90%
Max Drawdown (3Y) Largest decline over 3 years	-52.37%	-33.62%	-18.75%
Max Drawdown (5Y) Largest decline over 5 years	-54.79%	-54.54%	-0.25%
Max Drawdown (10Y) Largest decline over 10 years	-54.79%	—	—
Current Drawdown Current decline from peak	-50.26%	-24.28%	-25.98%
Average Drawdown Average peak-to-trough decline	-32.72%	-16.28%	-16.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.67%	14.03%	-1.36%

Volatility

EXPO vs. ROAD - Volatility Comparison

The current volatility for Exponent, Inc. (EXPO) is 12.62%, while Construction Partners, Inc. (ROAD) has a volatility of 14.70%. This indicates that EXPO experiences smaller price fluctuations and is considered to be less risky than ROAD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EXPO	ROAD	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.62%	14.70%	-2.08%
Volatility (6M) Calculated over the trailing 6-month period	25.38%	36.78%	-11.40%
Volatility (1Y) Calculated over the trailing 1-year period	31.02%	47.25%	-16.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.06%	45.45%	-15.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.89%	48.68%	-19.79%

Dividends

EXPO vs. ROAD - Dividend Comparison

EXPO's dividend yield for the trailing twelve months is around 2.08%, while ROAD has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EXPO Exponent, Inc.	2.08%	1.73%	1.26%	1.18%	0.97%	0.69%	0.84%	0.93%	1.03%	1.18%	1.19%	1.20%
ROAD Construction Partners, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both EXPO and ROAD in my portfolio?

EXPO and ROAD have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EXPO or ROAD?

ROAD has higher volatility (14.70%) compared to EXPO (12.62%). In terms of maximum drawdown, EXPO dropped -86.44% vs ROAD's -54.54%.

Which has better risk-adjusted returns?

ROAD currently has the higher Sharpe Ratio (-0.08 vs -0.74), 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.