Investors focused on the Transportation space have likely heard of FedEx (FDX Quick QuoteFDX - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.

FedEx is a member of the Transportation sector. This group includes 145 individual stocks and currently holds a Zacks Sector Rank of #13. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. FDX is currently sporting a Zacks Rank of #2 (Buy).

Over the past three months, the Zacks Consensus Estimate for FDX's full-year earnings has moved 12.19% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

According to our latest data, FDX has moved about 1.42% on a year-to-date basis. Meanwhile, stocks in the Transportation group have gained about 1.08% on average. This means that FedEx is performing better than its sector in terms of year-to-date returns.

Looking more specifically, FDX belongs to the Transportation - Air Freight and Cargo industry, which includes 6 individual stocks and currently sits at #113 in the Zacks Industry Rank. This group has gained an average of 0.34% so far this year, so FDX is performing better in this area.

Going forward, investors interested in Transportation stocks should continue to pay close attention to FDX as it looks to continue its solid performance.