FDX vs. UPS
FDX (FedEx Corporation) and UPS (United Parcel Service, Inc.) are both stocks. Both operate in the Integrated Freight & Logistics industry within the Industrials sector. Over the past 10 years, FDX returned 13.56%/yr vs 3.76%/yr for UPS. A 0.68 correlation means they provide meaningful diversification when combined.
Performance
FDX vs. UPS - Performance Comparison
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Returns By Period
In the year-to-date period, FDX achieves a 74.74% return, which is significantly higher than UPS's 9.00% return. Over the past 10 years, FDX has outperformed UPS with an annualized return of 13.56%, while UPS has yielded a comparatively lower 3.76% annualized return.
FDX
- 1D
- 0.08%
- 1M
- 29.95%
- YTD
- 74.74%
- 6M
- 74.79%
- 1Y
- 130.13%
- 3Y*
- 31.63%
- 5Y*
- 14.20%
- 10Y*
- 13.56%
UPS
- 1D
- -0.26%
- 1M
- 6.06%
- YTD
- 9.00%
- 6M
- 6.08%
- 1Y
- 12.96%
- 3Y*
- -11.53%
- 5Y*
- -7.85%
- 10Y*
- 3.76%
FDX vs. UPS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FDX FedEx Corporation | 74.74% | 5.11% | 13.49% | 49.13% | -31.64% | 0.72% | 74.27% | -4.78% | -34.67% | 35.21% |
UPS United Parcel Service, Inc. | 9.00% | -15.93% | -15.93% | -5.96% | -16.21% | 30.02% | 48.64% | 24.24% | -15.48% | 7.14% |
Correlation
The correlation between FDX and UPS is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Nov 10, 1999 | 0.68 |
The correlation between FDX and UPS has been stable across timeframes, ranging from 0.63 to 0.68 - a consistent structural relationship.
Fundamentals
FDX:
$27.68
UPS:
$6.18
FDX:
11.79
UPS:
16.97
FDX:
0.57
UPS:
1.01
FDX:
$91.93B
UPS:
$88.34B
FDX:
$22.44B
UPS:
$16.03B
FDX:
$10.48B
UPS:
$10.63B
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Return for Risk
FDX vs. UPS — Risk / Return Rank
FDX
UPS
FDX vs. UPS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FedEx Corporation (FDX) and United Parcel Service, Inc. (UPS). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FDX | UPS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.91 | ||
| Sortino ratioReturn per unit of downside risk | +4.15 | ||
| Omega ratioGain probability vs. loss probability | 1.67 | 1.11 | +0.57 |
| Calmar ratioReturn relative to maximum drawdown | 11.22 | 0.64 | +10.57 |
| Martin ratioReturn relative to average drawdown | 30.03 | 1.09 | +28.95 |
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Drawdowns
FDX vs. UPS - Drawdown Comparison
The maximum FDX drawdown since its inception was -71.32%, which is greater than UPS's maximum drawdown of -57.92%. Use the drawdown chart below to compare losses from any high point for FDX and UPS.
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Drawdown Indicators
| FDX | UPS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.32% | -57.92% | -13.40% |
Max Drawdown (1Y)Largest decline over 1 year | -11.67% | -20.28% | +8.61% |
Max Drawdown (3Y)Largest decline over 3 years | -35.85% | -50.71% | +14.86% |
Max Drawdown (5Y)Largest decline over 5 years | -51.89% | -57.92% | +6.03% |
Max Drawdown (10Y)Largest decline over 10 years | -65.97% | -57.92% | -8.05% |
Current DrawdownCurrent decline from peak | -3.70% | -43.95% | +40.25% |
Average DrawdownAverage peak-to-trough decline | -20.30% | -15.34% | -4.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.35% | 11.97% | -7.62% |
Volatility
FDX vs. UPS - Volatility Comparison
FedEx Corporation (FDX) has a higher volatility of 25.32% compared to United Parcel Service, Inc. (UPS) at 10.14%. This indicates that FDX's price experiences larger fluctuations and is considered to be riskier than UPS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FDX | UPS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.32% | 10.14% | +15.18% |
Volatility (6M)Calculated over the trailing 6-month period | 32.11% | 22.18% | +9.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.17% | 30.02% | +9.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.88% | 28.53% | +6.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.99% | 27.65% | +6.34% |
Dividends
FDX vs. UPS - Dividend Comparison
FDX's dividend yield for the trailing twelve months is around 26.01%, more than UPS's 6.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDX FedEx Corporation | 26.01% | 1.98% | 1.92% | 1.95% | 2.42% | 1.12% | 1.00% | 1.72% | 1.52% | 0.76% | 0.78% | 0.64% |
UPS United Parcel Service, Inc. | 6.26% | 6.61% | 5.17% | 4.12% | 3.50% | 1.90% | 2.40% | 3.28% | 3.73% | 2.79% | 2.72% | 3.03% |
Financials
FDX vs. UPS - Financials Comparison
This section allows you to compare key financial metrics between FedEx Corporation and United Parcel Service, 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
FDX vs. UPS - Profitability Comparison
FDX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, FedEx Corporation reported a gross profit of 6.24B and revenue of 24.00B. Therefore, the gross margin over that period was 26.0%.
UPS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, United Parcel Service, Inc. reported a gross profit of 3.60B and revenue of 21.20B. Therefore, the gross margin over that period was 17.0%.
FDX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, FedEx Corporation reported an operating income of 1.35B and revenue of 24.00B, resulting in an operating margin of 5.6%.
UPS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, United Parcel Service, Inc. reported an operating income of 1.27B and revenue of 21.20B, resulting in an operating margin of 6.0%.
FDX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, FedEx Corporation reported a net income of 1.06B and revenue of 24.00B, resulting in a net margin of 4.4%.
UPS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, United Parcel Service, Inc. reported a net income of 864.00M and revenue of 21.20B, resulting in a net margin of 4.1%.
Frequently Asked Questions
FDX and UPS have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FDX has higher volatility (25.32%) compared to UPS (10.14%). In terms of maximum drawdown, FDX dropped -71.32% vs UPS's -57.92%.
FDX currently has the higher Sharpe Ratio (3.34 vs 0.43), 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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