UP vs. CSX

Last updated Jun 4, 2026

UP (Wheels Up Experience Inc.) and CSX (CSX Corporation) are both stocks. Both are in the Industrials sector — UP in Airports & Air Services, CSX in Railroads. Over the past 5 years, UP returned -66.25%/yr vs 8.40%/yr for CSX. At a 0.20 correlation, their price movements are largely independent.

Performance

UP vs. CSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Wheels Up Experience Inc. (UP) and CSX Corporation (CSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UP achieves a -33.64% return, which is significantly lower than CSX's 28.93% return.

UP

• 1D: -5.43%
• 1M: 72.82%
• YTD: -33.64%
• 6M: -29.75%
• 1Y: -70.77%
• 3Y*: -43.19%
• 5Y*: -66.25%
• 10Y*: —

CSX

• 1D: 0.65%
• 1M: 4.16%
• YTD: 28.93%
• 6M: 30.00%
• 1Y: 47.82%
• 3Y*: 14.94%
• 5Y*: 8.40%
• 10Y*: 19.66%

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

UP vs. CSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
UP Wheels Up Experience Inc.	-33.64%	-60.22%	-51.90%	-66.70%	-77.80%	-53.46%	3.32%
CSX CSX Corporation	28.93%	14.13%	-5.65%	13.51%	-16.58%	25.70%	0.45%

Correlation

The correlation between UP and CSX is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.21
Correlation (All Time) Calculated using the full available price history since Nov 16, 2020	0.20

Fundamentals

Market Cap UP : $314.86M CSX : $86.47B
EPS UP : -$7.82 CSX : $1.63
PS Ratio UP : 0.43 CSX : 6.12
Total Revenue (TTM) UP : $727.89M CSX : $14.15B
Gross Profit (TTM) UP : $27.38M CSX : $3.64B
EBITDA (TTM) UP : -$176.99M CSX : $5.55B

Return for Risk

UP vs. CSX — Risk / Return Rank

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

UP

UP Risk / Return Rank: 18
UP Sharpe Ratio Rank: 18
UP Sortino Ratio Rank: 22
UP Omega Ratio Rank: 23
UP Calmar Ratio Rank: 12
UP Martin Ratio Rank: 18

CSX

CSX Risk / Return Rank: 88
CSX Sharpe Ratio Rank: 89
CSX Sortino Ratio Rank: 87
CSX Omega Ratio Rank: 86
CSX Calmar Ratio Rank: 87
CSX Martin Ratio Rank: 88

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.

UP vs. CSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Wheels Up Experience Inc. (UP) and CSX Corporation (CSX). 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.

	UP	CSX	Difference
Sharpe ratio Return per unit of total volatility	-0.52	2.17	-2.69
Sortino ratio Return per unit of downside risk	-0.39	2.99	-3.38
Omega ratio Gain probability vs. loss probability	0.96	1.38	-0.42
Calmar ratio Return relative to maximum drawdown	-0.77	4.04	-4.81
Martin ratio Return relative to average drawdown	-1.09	10.81	-11.90
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UP vs. CSX - Sharpe Ratio Comparison

The current UP Sharpe Ratio is -0.52, which is lower than the CSX Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of UP and CSX, 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

	UP	CSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.52	2.17	-2.69
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.55	0.36	-0.91
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.71	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.54	0.43	-0.97

Drawdowns

UP vs. CSX - Drawdown Comparison

The maximum UP drawdown since its inception was -99.78%, which is greater than CSX's maximum drawdown of -69.19%. Use the drawdown chart below to compare losses from any high point for UP and CSX.

Drawdown Indicators

	UP	CSX	Difference
Max Drawdown Largest peak-to-trough decline	-99.78%	-69.19%	-30.59%
Max Drawdown (1Y) Largest decline over 1 year	-92.39%	-11.89%	-80.50%
Max Drawdown (3Y) Largest decline over 3 years	-95.63%	-29.44%	-66.19%
Max Drawdown (5Y) Largest decline over 5 years	-99.78%	-29.44%	-70.34%
Max Drawdown (10Y) Largest decline over 10 years	—	-40.55%	—
Current Drawdown Current decline from peak	-99.62%	-1.18%	-98.44%
Average Drawdown Average peak-to-trough decline	-78.86%	-15.92%	-62.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	64.95%	4.44%	+60.51%

Volatility

UP vs. CSX - Volatility Comparison

Wheels Up Experience Inc. (UP) has a higher volatility of 49.30% compared to CSX Corporation (CSX) at 6.56%. This indicates that UP's price experiences larger fluctuations and is considered to be riskier than CSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UP	CSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	49.30%	6.56%	+42.74%
Volatility (6M) Calculated over the trailing 6-month period	98.35%	16.13%	+82.22%
Volatility (1Y) Calculated over the trailing 1-year period	135.77%	22.27%	+113.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	120.99%	23.47%	+97.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	115.10%	27.81%	+87.29%

Dividends

UP vs. CSX - Dividend Comparison

UP has not paid dividends to shareholders, while CSX's dividend yield for the trailing twelve months is around 1.16%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CSX CSX Corporation	1.16%	1.43%	1.49%	1.27%	1.29%	0.99%	1.15%	1.33%	1.42%	1.42%	2.00%	2.70%
UP Wheels Up Experience 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

UP vs. CSX - Profitability Comparison

The chart below illustrates the profitability comparison between Wheels Up Experience Inc. and CSX Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

UP - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Wheels Up Experience Inc. reported a gross profit of 9.73M and revenue of 168.92M. Therefore, the gross margin over that period was 5.8%.

CSX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, CSX Corporation reported a gross profit of 0.00 and revenue of 3.48B. Therefore, the gross margin over that period was 0.0%.

UP - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Wheels Up Experience Inc. reported an operating income of -57.36M and revenue of 168.92M, resulting in an operating margin of -34.0%.

CSX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, CSX Corporation reported an operating income of 1.25B and revenue of 3.48B, resulting in an operating margin of 36.0%.

UP - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Wheels Up Experience Inc. reported a net income of -82.96M and revenue of 168.92M, resulting in a net margin of -49.1%.

CSX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, CSX Corporation reported a net income of 807.00M and revenue of 3.48B, resulting in a net margin of 23.2%.

Frequently Asked Questions

Can I hold both UP and CSX in my portfolio?

UP and CSX have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UP or CSX?

UP has higher volatility (49.30%) compared to CSX (6.56%). In terms of maximum drawdown, UP dropped -99.78% vs CSX's -69.19%.

Which has better risk-adjusted returns?

CSX currently has the higher Sharpe Ratio (2.17 vs -0.52), 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.