ARCB vs JBHT: Correlation
ArcBest Corporation (ARCB) and J.B. Hunt (JBHT) show a strong relationship: their 3-year correlation of weekly returns is 0.67.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARCB and JBHT?
On 3 years of weekly data the ARCB/JBHT correlation comes out at 0.67, strong. Recent behaviour matches the longer record: 0.69 over 1 year against 0.67 over 3. The 5-year figure is 0.61, and annualized covariance runs at 939.6 %².
Among the 18 assets we track against ARCB, JBHT ranks #7 by 3-year correlation. The trailing year gives ARCB the advantage: +90.2% versus +82.1%, a 8.1-point spread. Risk is not evenly split, since ARCB carries 1.6 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ARCB vs JBHT: side by side
| ARCB (ArcBest Corporation) | JBHT (J.B. Hunt) | |
|---|---|---|
| 1-year return | +90.2% | +82.1% |
| 5-year return | +107.2% | +51.0% |
| Volatility (ann.) | 46.8% | 30.0% |
| Beta vs S&P 500 | 1.33 | 0.93 |
| Max drawdown (3Y) | -62.4% | -42.4% |
| Market cap | $3.1B | $24.7B |
| P/E (trailing) | 198.7 | 37.5 |
| Dividend yield | 0.35% | 0.68% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | ARCB | JBHT |
|---|---|---|
| 2022 | -41.2% | -13.9% |
| 2023 | +72.4% | +15.6% |
| 2024 | -22.1% | -13.8% |
| 2025 | -20.0% | +15.2% |
| 2026 | +88.1% | +36.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARCB and JBHT good diversifiers for each other?
Only partially. A correlation of 0.67 means ARCB and JBHT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ARCB and JBHT?
Using weekly returns as of 2026-08-27: 0.67 over 3 years, with 0.69 over the last year and 0.61 over 5 years.
Is JBHT a good diversifier for ARCB?
Only partially. A correlation of 0.67 means ARCB and JBHT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.67 mean?
On the −1 to +1 scale, 0.67 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/arcb-vs-jbht.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/arcb-vs-jbht/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ARCB correlations · JBHT correlations
