Railroads

CSX Corporation vs Union Pacific Corporation

WatchlistCSX / UNPPrices through Nov 10, 2026

Why these are rivals: #1 and #2 by market value ($180B vs $93B) in Nasdaq's "Railroads" industry; SEC SIC 4011 / 4011 (same major group); #1 and #2 by market value ($180B vs $93B) with SEC SIC 4011 (Railroads, Line-Haul Operating).

Rivals, but right now the price gap does not have a measured habit of closing, so there is no paper idea, whatever the gap.

  • Mean reversion: ADF t-statistic of the spread: -1.76 (needs <= -2.873 (5% critical value))
Business leadership

UNP is the larger business

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

YearCSXUNPLarger
2025$14.1B$24.5BUNP
2024$14.5B$24.3BUNP
2023$14.7B$24.1BUNP
2022$14.9B$24.9BUNP
2021$12.5B$21.8BUNP
2020$10.6B$19.5BUNP

UNP led in every year with figures for both. Market value: CSX $93.5B, UNP $180.3B.

Stock leadership

CSX is ahead now

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

CSX leads UNP by 0.55 standard deviations: +2.4% over its usual price ratio. 0 lead switches in the last year.

Price change3 mo6 mo12 mo
CSX+2.0%+14.7%+44.5%
UNP+2.3%+13.2%+35.7%
Relationship

Not a measured twin today

Only these tests can make a pair tradable on paper.

Pass
Aligned sessions: 2534 (needs >= 254)
Pass
Co-movement: daily return correlation, 252 sessions: 0.80 (needs >= 0.60)
Fail
Mean reversion: ADF t-statistic of the spread: -1.76 (needs <= -2.873 (5% critical value))
Pass
Speed: half-life of the spread, sessions: 28.73 (needs <= 63)
Data
Both stocks current
The twins over two years

Prices side by side, and the gap between them

CSX CSX Corporation UNP Union Pacific CorporationPrice index, 100 = 2024-11-06. Tint = which stock is ahead of the pair's usual 1-year relationship (z beyond +/-0.5).
100Nov 2024Nov 2025Nov 2026CSX 139UNP 121
Spread z-score: CSX relative to UNP, against the 252 sessions before each day. Above 0: CSX ahead; below 0: UNP ahead. Lines at +/-2 (idea) and +/-4 (stop).
-4stop-2idea0+2idea+4stopNov 2024Nov 2025Nov 2026
Data table (504 sessions)
DateCSX indexUNP indexzAhead
2026-11-10138.50120.98+0.55CSX ahead
2026-11-09136.88119.53+0.56CSX ahead
2026-11-06133.19116.77+0.48near the usual relationship
2026-11-05137.83119.90+0.66CSX ahead
2026-11-04141.13124.16+0.40near the usual relationship
2026-11-03137.53122.11+0.19near the usual relationship
2026-11-02139.97123.55+0.33near the usual relationship
2026-10-30140.97122.34+0.73CSX ahead
2026-10-29141.65121.51+1.01CSX ahead
2026-10-28140.94119.84+1.22CSX ahead
2026-10-27141.73120.68+1.19CSX ahead
2026-10-26139.13119.51+0.99CSX ahead
2026-10-23137.72117.86+1.09CSX ahead
2026-10-22140.10119.96+1.09CSX ahead
2026-10-21131.24115.85+0.38near the usual relationship
2026-10-20130.37115.74+0.25near the usual relationship
2026-10-19129.83115.50+0.20near the usual relationship
2026-10-16132.00116.32+0.43near the usual relationship
2026-10-15132.02116.19+0.47near the usual relationship
2026-10-14130.91115.27+0.46near the usual relationship
2026-10-13129.50113.63+0.55CSX ahead
2026-10-12129.47113.31+0.61CSX ahead
2026-10-09128.15112.01+0.65CSX ahead
2026-10-08128.36111.96+0.70CSX ahead
2026-10-07126.93110.54+0.74CSX ahead
2026-10-06128.80111.32+0.92CSX ahead
2026-10-05128.61111.50+0.86CSX ahead
2026-10-02128.61111.99+0.76CSX ahead
2026-10-01126.19109.63+0.82CSX ahead
2026-09-30126.11109.51+0.84CSX ahead
2026-09-29127.25110.33+0.88CSX ahead
2026-09-28126.79110.31+0.80CSX ahead
2026-09-25126.84110.18+0.84CSX ahead
2026-09-24127.30110.29+0.90CSX ahead
2026-09-23127.96110.88+0.90CSX ahead
2026-09-22126.33110.43+0.73CSX ahead
2026-09-21124.70108.51+0.83CSX ahead
2026-09-18127.71112.43+0.59CSX ahead
2026-09-17129.88113.68+0.72CSX ahead
2026-09-16129.88113.05+0.84CSX ahead
2026-09-15131.94114.29+0.95CSX ahead
2026-09-14132.62114.72+0.98CSX ahead
2026-09-11132.73114.45+1.05CSX ahead
2026-09-10132.97115.01+1.00CSX ahead
2026-09-09131.16114.59+0.80CSX ahead
2026-09-08132.86116.08+0.80CSX ahead
2026-09-04133.98116.55+0.90CSX ahead
2026-09-03132.84116.36+0.76CSX ahead
2026-09-02131.91116.60+0.59CSX ahead
2026-09-01132.05116.95+0.56CSX ahead
2026-08-31136.96121.00+0.61CSX ahead
2026-08-28139.05123.71+0.49near the usual relationship
2026-08-27139.75123.82+0.57CSX ahead
2026-08-26140.35125.00+0.48near the usual relationship
2026-08-25139.67124.59+0.46near the usual relationship
2026-08-24139.48124.70+0.42near the usual relationship
2026-08-21139.89123.97+0.58CSX ahead
2026-08-20138.20122.33+0.61CSX ahead
2026-08-19137.42121.45+0.64CSX ahead
2026-08-18136.23120.22+0.67CSX ahead
2026-08-17137.15120.69+0.73CSX ahead
2026-08-14136.01118.19+0.97CSX ahead
2026-08-13135.95119.84+0.70CSX ahead
2026-08-12135.79118.21+0.94CSX ahead
2026-08-11135.41117.86+0.95CSX ahead
2026-08-10135.90117.61+1.07CSX ahead
2026-08-07136.31117.96+1.08CSX ahead
2026-08-06137.47118.87+1.10CSX ahead
2026-08-05138.61118.93+1.26CSX ahead
2026-08-04138.37119.26+1.18CSX ahead
2026-08-03135.11117.20+1.07CSX ahead
2026-07-31136.66117.56+1.23CSX ahead
2026-07-30136.09116.49+1.34CSX ahead
2026-07-29137.58117.59+1.38CSX ahead
2026-07-28137.85118.50+1.28CSX ahead
2026-07-27140.46120.45+1.34CSX ahead
2026-07-24144.33123.67+1.36CSX ahead
2026-07-23143.19122.47+1.41CSX ahead
2026-07-22135.39117.74+1.10CSX ahead
2026-07-21135.28117.96+1.05CSX ahead
2026-07-20135.87119.22+0.94CSX ahead
2026-07-17137.61121.43+0.84CSX ahead
2026-07-16137.99120.50+1.04CSX ahead
2026-07-15134.03116.04+1.21CSX ahead
2026-07-14135.36116.02+1.41CSX ahead
2026-07-13134.60116.35+1.26CSX ahead
2026-07-10133.98115.48+1.31CSX ahead
2026-07-09133.81114.71+1.42CSX ahead
2026-07-08132.02113.06+1.45CSX ahead
2026-07-07131.53113.94+1.24CSX ahead
2026-07-06132.35113.72+1.39CSX ahead
2026-07-02132.57113.59+1.45CSX ahead
2026-07-01131.05111.77+1.54CSX ahead
2026-06-30128.88109.46+1.63CSX ahead
2026-06-29130.18109.74+1.77CSX ahead
2026-06-26129.23107.99+1.95CSX ahead
2026-06-25128.63107.74+1.92CSX ahead
2026-06-24124.89104.62+1.93CSX ahead
2026-06-23125.16104.07+2.09CSX ahead
2026-06-22125.27104.60+2.03CSX ahead
2026-06-18123.73103.38+2.04CSX ahead
2026-06-17123.56103.85+1.95CSX ahead
2026-06-16127.17107.63+1.84CSX ahead
2026-06-15128.50107.58+2.06CSX ahead
2026-06-12128.99109.74+1.78CSX ahead
2026-06-11128.43107.96+2.02CSX ahead
2026-06-10125.84107.46+1.74CSX ahead
2026-06-09128.20109.17+1.81CSX ahead
2026-06-08127.74108.12+1.94CSX ahead
2026-06-05127.41109.59+1.66CSX ahead
2026-06-04125.35106.20+1.95CSX ahead
2026-06-03125.92105.49+2.18CSX ahead
2026-06-02125.11106.52+1.90CSX ahead
2026-06-01124.35106.04+1.88CSX ahead
2026-05-29122.72105.69+1.71CSX ahead
2026-05-28124.21107.45+1.64CSX ahead
2026-05-27127.82112.44+1.35CSX ahead
2026-05-26126.38109.10+1.69CSX ahead
2026-05-22123.43107.00+1.62CSX ahead
2026-05-21124.46106.82+1.81CSX ahead
2026-05-20124.57106.97+1.81CSX ahead
2026-05-19124.95109.28+1.48CSX ahead
2026-05-18125.27110.72+1.30CSX ahead
2026-05-15123.81108.88+1.40CSX ahead
2026-05-14124.51108.39+1.58CSX ahead
2026-05-13120.39106.50+1.30CSX ahead
2026-05-12120.74106.89+1.29CSX ahead
2026-05-11121.31105.98+1.52CSX ahead
2026-05-08121.56106.50+1.47CSX ahead
2026-05-07120.55106.60+1.32CSX ahead
2026-05-06123.64107.94+1.53CSX ahead
2026-05-05122.10106.25+1.59CSX ahead
2026-05-04121.26106.00+1.52CSX ahead
2026-05-01122.26107.18+1.47CSX ahead
2026-04-30123.18108.45+1.41CSX ahead
2026-04-29121.15106.56+1.43CSX ahead
2026-04-28122.64107.75+1.45CSX ahead
2026-04-27123.26108.22+1.46CSX ahead
2026-04-24123.13108.13+1.46CSX ahead
2026-04-23125.22109.16+1.57CSX ahead
2026-04-22117.08100.37+1.82CSX ahead
2026-04-21117.60101.11+1.78CSX ahead
2026-04-20118.52101.48+1.84CSX ahead
2026-04-17117.46101.07+1.78CSX ahead
2026-04-16115.84101.04+1.58CSX ahead
2026-04-15114.1599.81+1.55CSX ahead
2026-04-14115.27101.43+1.47CSX ahead
2026-04-13114.83101.15+1.46CSX ahead
2026-04-10114.53100.81+1.47CSX ahead
2026-04-09115.21101.07+1.53CSX ahead
2026-04-08114.26100.25+1.53CSX ahead
2026-04-07112.3199.04+1.46CSX ahead
2026-04-06112.4798.81+1.52CSX ahead
2026-04-02111.7798.48+1.48CSX ahead
2026-04-01112.3697.84+1.64CSX ahead
2026-03-31111.3197.64+1.55CSX ahead
2026-03-30107.8496.27+1.33CSX ahead
2026-03-27107.5796.10+1.32CSX ahead
2026-03-26107.2496.26+1.27CSX ahead
2026-03-25107.2997.12+1.16CSX ahead
2026-03-24105.4096.45+1.03CSX ahead
2026-03-23105.5995.93+1.13CSX ahead
2026-03-20103.5094.54+1.07CSX ahead
2026-03-19104.3794.24+1.22CSX ahead
2026-03-18107.4895.20+1.47CSX ahead
2026-03-17109.2997.52+1.38CSX ahead
2026-03-16107.8697.47+1.23CSX ahead
2026-03-13106.5697.57+1.08CSX ahead
2026-03-12106.3498.23+0.97CSX ahead
2026-03-11109.38101.05+0.98CSX ahead
2026-03-10110.93100.69+1.19CSX ahead
2026-03-09110.09102.06+0.95CSX ahead
2026-03-06108.32102.26+0.74CSX ahead
2026-03-05111.58104.71+0.81CSX ahead
2026-03-04116.00107.33+0.99CSX ahead
2026-03-03115.67106.98+1.00CSX ahead
2026-03-02117.06107.44+1.10CSX ahead
2026-02-27115.75106.64+1.06CSX ahead
2026-02-26115.65106.83+1.04CSX ahead
2026-02-25114.48106.34+0.98CSX ahead
2026-02-24115.16107.31+0.95CSX ahead
2026-02-23113.80106.15+0.95CSX ahead
2026-02-20114.72107.09+0.95CSX ahead
2026-02-19113.02105.83+0.92CSX ahead
2026-02-18112.15106.64+0.75CSX ahead
2026-02-17111.25105.76+0.76CSX ahead
2026-02-13110.82104.91+0.81CSX ahead
2026-02-12110.36105.34+0.72CSX ahead
2026-02-11112.09105.76+0.86CSX ahead
2026-02-10110.90105.16+0.81CSX ahead
2026-02-09110.41102.35+1.08CSX ahead
2026-02-06110.11101.66+1.14CSX ahead
2026-02-05108.11101.19+0.99CSX ahead
2026-02-04108.05100.51+1.07CSX ahead
2026-02-03106.1697.18+1.26CSX ahead
2026-02-02104.0994.66+1.35CSX ahead
2026-01-30102.3994.61+1.17CSX ahead
2026-01-29102.6894.00+1.29CSX ahead
2026-01-28101.3691.64+1.45CSX ahead
2026-01-27102.1493.59+1.31CSX ahead
2026-01-26101.6092.92+1.34CSX ahead
2026-01-2399.3592.42+1.15CSX ahead
2026-01-2297.0293.11+0.79CSX ahead
2026-01-2199.0592.31+1.14CSX ahead
2026-01-2096.2989.21+1.22CSX ahead
2026-01-1698.2992.35+1.06CSX ahead
2026-01-1598.4392.76+1.04CSX ahead
2026-01-1498.1091.41+1.18CSX ahead
2026-01-1396.6192.27+0.89CSX ahead
2026-01-1295.5092.36+0.75CSX ahead
2026-01-0995.4491.93+0.80CSX ahead
2026-01-0895.7792.50+0.78CSX ahead
2026-01-0795.0490.34+0.97CSX ahead
2026-01-0697.8094.02+0.84CSX ahead
2026-01-0597.3793.35+0.88CSX ahead
2026-01-0298.3593.33+1.01CSX ahead
2025-12-3198.2993.09+1.04CSX ahead
2025-12-3098.7593.79+1.01CSX ahead
2025-12-2999.5794.38+1.04CSX ahead
2025-12-2699.3093.94+1.07CSX ahead
2025-12-2499.7394.59+1.05CSX ahead
2025-12-2399.2194.23+1.04CSX ahead
2025-12-2299.0894.41+1.01CSX ahead
2025-12-1998.9794.26+1.02CSX ahead
2025-12-1899.2794.34+1.05CSX ahead
2025-12-1798.9795.27+0.90CSX ahead
2025-12-1699.7894.93+1.05CSX ahead
2025-12-15100.8196.77+0.95CSX ahead
2025-12-12101.3896.56+1.05CSX ahead
2025-12-11100.7395.02+1.18CSX ahead
2025-12-10100.5794.76+1.20CSX ahead
2025-12-0998.6293.19+1.17CSX ahead
2025-12-0898.5694.75+0.96CSX ahead
2025-12-0598.4394.70+0.95CSX ahead
2025-12-0498.1095.49+0.80CSX ahead
2025-12-0397.4894.66+0.83CSX ahead
2025-12-0294.8293.46+0.65CSX ahead
2025-12-0194.5093.11+0.66CSX ahead
2025-11-2895.8893.30+0.81CSX ahead
2025-11-2695.7292.82+0.86CSX ahead
2025-11-2594.6392.21+0.80CSX ahead
2025-11-2493.2590.35+0.88CSX ahead
2025-11-2192.9591.04+0.74CSX ahead
2025-11-2091.3289.02+0.80CSX ahead
2025-11-1992.0889.01+0.91CSX ahead
2025-11-1892.1688.86+0.94CSX ahead
2025-11-1792.2288.94+0.94CSX ahead
2025-11-1494.6389.75+1.15CSX ahead
2025-11-1394.5889.13+1.24CSX ahead
2025-11-1295.9689.96+1.31CSX ahead
2025-11-1194.8590.47+1.10CSX ahead
2025-11-1095.2390.10+1.21CSX ahead
2025-11-0795.8289.13+1.43CSX ahead
2025-11-0695.3487.73+1.58CSX ahead
2025-11-0595.7787.48+1.69CSX ahead
2025-11-0497.1888.90+1.69CSX ahead
2025-11-0397.1588.06+1.82CSX ahead
2025-10-3197.6788.68+1.82CSX ahead
2025-10-3096.6488.06+1.79CSX ahead
2025-10-2995.7287.07+1.83CSX ahead
2025-10-2896.7587.56+1.92CSX ahead
2025-10-2797.6187.82+2.02CSX ahead
2025-10-2497.9787.17+2.20CSX ahead
2025-10-2396.3488.55+1.78CSX ahead
2025-10-2297.4090.64+1.63CSX ahead
2025-10-2196.8891.17+1.49CSX ahead
2025-10-2099.4391.47+1.82CSX ahead
2025-10-1799.2490.97+1.89CSX ahead
2025-10-1697.5990.16+1.80CSX ahead
2025-10-1598.2690.84+1.80CSX ahead
2025-10-1497.9791.38+1.69CSX ahead
2025-10-1396.4590.89+1.56CSX ahead
2025-10-1096.2390.73+1.57CSX ahead
2025-10-0997.7593.18+1.42CSX ahead
2025-10-0897.4893.63+1.32CSX ahead
2025-10-0797.5993.31+1.39CSX ahead
2025-10-0698.2995.54+1.16CSX ahead
2025-10-0397.6495.30+1.11CSX ahead
2025-10-0296.4594.38+1.08CSX ahead
2025-10-0194.9094.47+0.83CSX ahead
2025-09-3096.2995.12+0.95CSX ahead
2025-09-2997.1595.05+1.10CSX ahead
2025-09-2692.2294.65+0.40near the usual relationship
2025-09-2591.5993.36+0.50CSX ahead
2025-09-2491.7092.70+0.63CSX ahead
2025-09-2392.3891.75+0.89CSX ahead
2025-09-2290.0290.89+0.66CSX ahead
2025-09-1989.4388.78+0.91CSX ahead
2025-09-1890.6588.68+1.14CSX ahead
2025-09-1788.8687.40+1.07CSX ahead
2025-09-1688.0486.93+1.02CSX ahead
2025-09-1588.1287.03+1.02CSX ahead
2025-09-1288.0486.49+1.11CSX ahead
2025-09-1189.0786.94+1.21CSX ahead
2025-09-1086.9086.60+0.91CSX ahead
2025-09-0987.3186.95+0.93CSX ahead
2025-09-0887.9387.43+0.96CSX ahead
2025-09-0588.2088.66+0.80CSX ahead
2025-09-0488.5689.77+0.68CSX ahead
2025-09-0387.5389.24+0.60CSX ahead
2025-09-0287.2889.34+0.55CSX ahead
2025-08-2988.1589.97+0.59CSX ahead
2025-08-2888.5689.48+0.75CSX ahead
2025-08-2788.2388.92+0.80CSX ahead
2025-08-2687.8889.64+0.62CSX ahead
2025-08-2588.9689.87+0.77CSX ahead
2025-08-2293.7691.69+1.26CSX ahead
2025-08-2197.2690.67+2.01CSX ahead
2025-08-2097.5990.82+2.06CSX ahead
2025-08-1999.0290.05+2.45CSX ahead
2025-08-1897.5988.57+2.52CSX ahead
2025-08-1598.4888.85+2.66CSX ahead
2025-08-1498.5689.15+2.67CSX ahead
2025-08-1397.8389.81+2.46CSX ahead
2025-08-1297.1388.05+2.72CSX ahead
2025-08-1195.5388.39+2.41CSX ahead
2025-08-0896.0789.44+2.34CSX ahead
2025-08-0795.5889.61+2.26CSX ahead
2025-08-0697.6490.73+2.44CSX ahead
2025-08-0596.6689.73+2.50CSX ahead
2025-08-0496.1589.36+2.52CSX ahead
2025-08-0194.9388.29+2.54CSX ahead
2025-07-3196.3789.33+2.64CSX ahead
2025-07-3095.6990.66+2.28CSX ahead
2025-07-2996.0490.05+2.50CSX ahead
2025-07-2896.8392.25+2.24CSX ahead
2025-07-2596.9690.44+2.68CSX ahead
2025-07-2494.9088.74+2.68CSX ahead
2025-07-2394.8292.96+1.78CSX ahead
2025-07-2295.5392.25+2.09CSX ahead
2025-07-2193.1790.89+1.91CSX ahead
2025-07-1893.2590.49+2.03CSX ahead
2025-07-1793.5591.55+1.87CSX ahead
2025-07-1690.1893.03+0.83CSX ahead
2025-07-1590.7893.02+0.96CSX ahead
2025-07-1492.1493.89+1.07CSX ahead
2025-07-1192.4694.61+0.99CSX ahead
2025-07-1090.9495.38+0.50CSX ahead
2025-07-0990.3795.17+0.41near the usual relationship
2025-07-0890.5495.19+0.44near the usual relationship
2025-07-0789.6194.71+0.33near the usual relationship
2025-07-0391.1195.09+0.57CSX ahead
2025-07-0291.1395.44+0.50CSX ahead
2025-07-0190.7594.80+0.54CSX ahead
2025-06-3088.4892.59+0.50CSX ahead
2025-06-2789.2493.13+0.55CSX ahead
2025-06-2688.3192.31+0.52CSX ahead
2025-06-2588.1091.28+0.68CSX ahead
2025-06-2488.0791.72+0.58CSX ahead
2025-06-2387.9190.90+0.71CSX ahead
2025-06-2086.9389.54+0.78CSX ahead
2025-06-1887.4289.34+0.93CSX ahead
2025-06-1787.0988.77+0.98CSX ahead
2025-06-1688.2990.41+0.89CSX ahead
2025-06-1387.0989.89+0.74CSX ahead
2025-06-1287.8390.74+0.72CSX ahead
2025-06-1187.6490.84+0.66CSX ahead
2025-06-1088.4291.19+0.76CSX ahead
2025-06-0986.7190.20+0.59CSX ahead
2025-06-0687.3989.92+0.80CSX ahead
2025-06-0586.0688.80+0.74CSX ahead
2025-06-0486.5888.88+0.84CSX ahead
2025-06-0386.3989.25+0.72CSX ahead
2025-06-0284.7188.09+0.59CSX ahead
2025-05-3085.6689.20+0.56CSX ahead
2025-05-2985.2089.54+0.39near the usual relationship
2025-05-2884.9889.41+0.36near the usual relationship
2025-05-2785.2290.29+0.23near the usual relationship
2025-05-2383.5789.38+0.06near the usual relationship
2025-05-2283.0889.69-0.12near the usual relationship
2025-05-2182.6789.99-0.27near the usual relationship
2025-05-2084.6891.89-0.21near the usual relationship
2025-05-1984.6392.36-0.32near the usual relationship
2025-05-1684.9293.13-0.41near the usual relationship
2025-05-1584.8792.90-0.38near the usual relationship
2025-05-1484.1491.89-0.34near the usual relationship
2025-05-1382.8191.85-0.63UNP ahead
2025-05-1282.1992.91-0.99UNP ahead
2025-05-0977.9387.05-0.78UNP ahead
2025-05-0878.5287.26-0.68UNP ahead
2025-05-0776.9386.06-0.81UNP ahead
2025-05-0676.1785.80-0.95UNP ahead
2025-05-0577.2087.14-1.00UNP ahead
2025-05-0277.8287.85-1.00UNP ahead
2025-05-0176.2286.15-1.03UNP ahead
2025-04-3076.1186.79-1.21UNP ahead
2025-04-2976.0686.34-1.13UNP ahead
2025-04-2875.5785.56-1.09UNP ahead
2025-04-2575.4985.83-1.18UNP ahead
2025-04-2476.3086.70-1.18UNP ahead
2025-04-2374.8188.45-1.95UNP ahead
2025-04-2275.3387.29-1.58UNP ahead
2025-04-2174.4686.95-1.75UNP ahead
2025-04-1775.0588.64-1.98UNP ahead
2025-04-1674.1687.17-1.91UNP ahead
2025-04-1575.6588.57-1.85UNP ahead
2025-04-1476.6589.45-1.81UNP ahead
2025-04-1175.9587.97-1.68UNP ahead
2025-04-1075.4388.26-1.89UNP ahead
2025-04-0977.7189.96-1.70UNP ahead
2025-04-0872.3783.81-1.73UNP ahead
2025-04-0773.4584.50-1.61UNP ahead
2025-04-0473.7885.82-1.84UNP ahead
2025-04-0375.8990.13-2.28UNP ahead
2025-04-0280.6495.96-2.35UNP ahead
2025-04-0180.1095.44-2.41UNP ahead
2025-03-3179.8095.07-2.44UNP ahead
2025-03-2878.9393.42-2.34UNP ahead
2025-03-2781.1394.96-2.14UNP ahead
2025-03-2681.0795.79-2.36UNP ahead
2025-03-2580.0794.89-2.45UNP ahead
2025-03-2480.9494.65-2.20UNP ahead
2025-03-2180.1894.12-2.31UNP ahead
2025-03-2081.2994.49-2.12UNP ahead
2025-03-1981.5395.13-2.23UNP ahead
2025-03-1882.0595.41-2.19UNP ahead
2025-03-1782.2495.72-2.23UNP ahead
2025-03-1481.3795.59-2.47UNP ahead
2025-03-1378.9994.29-2.86UNP ahead
2025-03-1280.1295.57-2.90UNP ahead
2025-03-1180.0495.69-3.00UNP ahead
2025-03-1083.1199.92-3.20UNP ahead
2025-03-0784.76100.33-2.89UNP ahead
2025-03-0683.8798.70-2.81UNP ahead
2025-03-0583.8498.04-2.71UNP ahead
2025-03-0484.6097.20-2.32UNP ahead
2025-03-0386.5898.92-2.22UNP ahead
2025-02-2886.8099.28-2.28UNP ahead
2025-02-2786.8098.62-2.15UNP ahead
2025-02-2686.7198.79-2.24UNP ahead
2025-02-2587.0198.95-2.23UNP ahead
2025-02-2486.2597.52-2.11UNP ahead
2025-02-2187.5898.82-2.09UNP ahead
2025-02-2088.0299.66-2.20UNP ahead
2025-02-1987.8899.42-2.21UNP ahead
2025-02-1891.21101.08-1.71UNP ahead
2025-02-1490.48100.29-1.73UNP ahead
2025-02-1389.75101.00-2.14UNP ahead
2025-02-1289.26100.01-2.06UNP ahead
2025-02-1189.7899.69-1.85UNP ahead
2025-02-1089.7098.33-1.53UNP ahead
2025-02-0788.3797.42-1.69UNP ahead
2025-02-0688.7798.00-1.74UNP ahead
2025-02-0589.1598.39-1.75UNP ahead
2025-02-0489.1397.99-1.67UNP ahead
2025-02-0388.1597.80-1.93UNP ahead
2025-01-3189.1399.72-2.19UNP ahead
2025-01-3089.10100.58-2.47UNP ahead
2025-01-2989.43100.43-2.36UNP ahead
2025-01-2888.61100.27-2.62UNP ahead
2025-01-2791.21102.39-2.43UNP ahead
2025-01-2488.64100.12-2.65UNP ahead
2025-01-2391.3099.82-1.74UNP ahead
2025-01-2290.1394.89-0.65UNP ahead
2025-01-2190.2195.27-0.74UNP ahead
2025-01-1788.7594.27-0.92UNP ahead
2025-01-1689.4094.53-0.79UNP ahead
2025-01-1588.0292.91-0.74UNP ahead
2025-01-1487.1592.31-0.85UNP ahead
2025-01-1386.4791.26-0.75UNP ahead
2025-01-1086.1790.63-0.65UNP ahead
2025-01-0887.3193.29-1.12UNP ahead
2025-01-0787.2892.78-0.97UNP ahead
2025-01-0686.7792.56-1.09UNP ahead
2025-01-0387.6993.16-0.97UNP ahead
2025-01-0287.2092.20-0.83UNP ahead
2024-12-3187.5091.77-0.59UNP ahead
2024-12-3087.1791.67-0.67UNP ahead
2024-12-2788.0292.53-0.66UNP ahead
2024-12-2688.1892.65-0.65UNP ahead
2024-12-2488.3192.46-0.54UNP ahead
2024-12-2387.3691.40-0.53UNP ahead
2024-12-2086.3691.08-0.76UNP ahead
2024-12-1985.6389.80-0.60UNP ahead
2024-12-1886.9890.36-0.32near the usual relationship
2024-12-1789.2992.51-0.24near the usual relationship
2024-12-1689.3293.72-0.61UNP ahead
2024-12-1390.1394.56-0.61UNP ahead
2024-12-1291.3294.05-0.06near the usual relationship
2024-12-1191.1394.08-0.13near the usual relationship
2024-12-1092.6595.41-0.06near the usual relationship
2024-12-0992.1193.98+0.21near the usual relationship
2024-12-0693.4194.00+0.62CSX ahead
2024-12-0593.8794.42+0.64CSX ahead
2024-12-0495.7294.57+1.17CSX ahead
2024-12-0397.6195.37+1.51CSX ahead
2024-12-0298.5496.90+1.33CSX ahead
2024-11-2999.1198.46+1.04CSX ahead
2024-11-2799.1998.69+1.00CSX ahead
2024-11-2699.4898.85+1.04CSX ahead
2024-11-2599.30100.33+0.54CSX ahead
2024-11-2297.0297.55+0.69CSX ahead
2024-11-2195.8296.19+0.75CSX ahead
2024-11-2093.7493.99+0.78CSX ahead
2024-11-1993.8293.88+0.85CSX ahead
2024-11-1894.8294.33+1.03CSX ahead
2024-11-1595.2594.80+1.03CSX ahead
2024-11-1496.6194.80+1.46CSX ahead
2024-11-1398.9296.75+1.57CSX ahead
2024-11-1297.9796.14+1.48CSX ahead
2024-11-1199.0297.37+1.43CSX ahead
2024-11-0897.6197.18+1.06CSX ahead
2024-11-0796.4297.61+0.55CSX ahead
2024-11-06100.00100.00+0.94CSX ahead

One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Jul 17, 2025 (CSX +3.7%, UNP -1.6%); Jul 24, 2025 (CSX +0.1%, UNP -4.5%); Aug 22, 2025 (CSX -3.6%, UNP +1.1%); Sep 29, 2025 (CSX +5.3%, UNP +0.4%).

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)

2 simulated trades to Nov 3, 2026: +11.58% per trade on average after costs, 2 won.

LegsEnteredExitedWhyDaysBefore costsCosts + borrowAfter costs
Long UNP · Short CSXNov 6, 2020Feb 24, 2022converged475$1,142.48-$102.96$1,167.15 (+11.67%)
Long CSX · Short UNPAug 13, 2020Oct 23, 2020converged71$1,222.39-$54.22$1,149.34 (+11.49%)

Per $10,000 a leg. A replay on today's companies cannot prove an edge.

The companies

CSX and UNP at a glance

CSX CSX Corporation

Listing
Nasdaq · SEC CIK 277948
Industry
Railroads · SIC 4011 Railroads, Line-Haul Operating
Market value
$93.5B
Price history
2,534 daily closes, Oct 12, 2016 to Nov 10, 2026

UNP Union Pacific Corporation

Listing
NYSE · SEC CIK 100885
Industry
Railroads · SIC 4011 Railroads, Line-Haul Operating
Market value
$180.3B
Price history
2,534 daily closes, Oct 12, 2016 to Nov 10, 2026

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

Related
All pairs →
PairStatusAhead nowIndustry
CSX / CPWatchlistCSX by 0.83 sdRailroads
UNP / CPWatchlistUNP by 0.61 sdRailroads

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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.