ARMK vs KNX: Correlation
Measured on weekly returns over the past three years, Aramark (ARMK) and Knight-Swift Transportation Holdings Inc. (KNX) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARMK and KNX?
On 3 years of weekly data the ARMK/KNX correlation comes out at 0.49, moderate. Little has changed lately, as the 1-year reading of 0.43 lands near the 3-year figure. The 5-year figure is 0.42, and annualized covariance runs at 396.9 %².
KNX is one of the assets that tracks ARMK most closely: it ranks #1 out of the 12 assets we track against ARMK. Over the last 12 months KNX came out ahead by 7.3 percentage points (+50.6% against +57.9%).
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.
ARMK vs KNX: side by side
| ARMK (Aramark) | KNX (Knight-Swift Transportation Holdings Inc.) | |
|---|---|---|
| 1-year return | +50.6% | +57.9% |
| 5-year return | +152.4% | +37.4% |
| Volatility (ann.) | 25.7% | 31.7% |
| Beta vs S&P 500 | 0.61 | 1.00 |
| Max drawdown (3Y) | -27.6% | -35.7% |
| Market cap | $15.5B | $11.2B |
| P/E (trailing) | 41.8 | 255.2 |
| Dividend yield | 0.81% | 1.09% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARMK | KNX |
|---|---|---|
| 2022 | +13.5% | -13.2% |
| 2023 | -4.7% | +11.1% |
| 2024 | +34.3% | -6.9% |
| 2025 | -0.1% | +0.1% |
| 2026 | +60.9% | +32.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARMK and KNX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ARMK and KNX?
As of 2026-08-27, the correlation of weekly returns between ARMK and KNX is 0.49 over 3 years, 0.43 over 1 year and 0.42 over 5 years.
Is KNX a good diversifier for ARMK?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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/armk-vs-knx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/armk-vs-knx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ARMK correlations · KNX correlations
