CSX vs JBHT: Correlation
How closely do CSX Corporation (CSX) and J.B. Hunt (JBHT) trade together? Their weekly returns over three years give a correlation of 0.59, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CSX and JBHT?
On 3 years of weekly data the CSX/JBHT correlation comes out at 0.59, moderate. The relationship has been stable: the 1-year correlation (0.55) sits close to the 3-year figure. The 5-year figure is 0.59, and annualized covariance runs at 346.8 %².
Within CSX's tracked universe of 30 assets, JBHT comes in at #9 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months JBHT outperformed by 21.5 percentage points (+60.6% for CSX against +82.1% for JBHT). On a rolling one-year basis the correlation drifted between 0.41 and 0.67, a moderate band. One caveat on sizing: JBHT is 1.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CSX vs JBHT: side by side
| CSX (CSX Corporation) | JBHT (J.B. Hunt) | |
|---|---|---|
| 1-year return | +60.6% | +82.1% |
| 5-year return | +66.2% | +51.0% |
| Volatility (ann.) | 19.7% | 30.0% |
| Beta vs S&P 500 | 0.62 | 0.93 |
| Max drawdown (3Y) | -29.4% | -42.4% |
| Market cap | $95.5B | $24.7B |
| P/E (trailing) | 30.1 | 37.5 |
| Dividend yield | 1.04% | 0.68% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | CSX | JBHT |
|---|---|---|
| 2022 | -16.6% | -13.9% |
| 2023 | +13.5% | +15.6% |
| 2024 | -5.6% | -13.8% |
| 2025 | +14.1% | +15.2% |
| 2026 | +43.1% | +36.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CSX and JBHT good diversifiers for each other?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CSX and JBHT?
As of 2026-08-27, the correlation of weekly returns between CSX and JBHT is 0.59 over 3 years, 0.55 over 1 year and 0.59 over 5 years.
Is JBHT a good diversifier for CSX?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.59 mean?
A reading of 0.59 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/csx-vs-jbht.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/csx-vs-jbht/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CSX correlations · JBHT correlations
