EGP vs JBHT: Correlation
Measured on weekly returns over the past three years, EastGroup Properties, Inc. (EGP) and J.B. Hunt (JBHT) carry a correlation of 0.61, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EGP and JBHT?
On 3 years of weekly data the EGP/JBHT correlation comes out at 0.61, strong. Recent behaviour matches the longer record: 0.60 over 1 year against 0.61 over 3. The 5-year figure is 0.52, and annualized covariance runs at 351.1 %².
By 3-year correlation, JBHT places #10 of the 15 assets tracked against EGP. Correlation aside, the last 12 months split them widely, with JBHT ahead by 59.5 points (+22.6% versus +82.1%). Risk is not evenly split, since JBHT 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.
EGP vs JBHT: side by side
| EGP (EastGroup Properties, Inc.) | JBHT (J.B. Hunt) | |
|---|---|---|
| 1-year return | +22.6% | +82.1% |
| 5-year return | +29.6% | +51.0% |
| Volatility (ann.) | 19.2% | 30.0% |
| Beta vs S&P 500 | 0.58 | 0.93 |
| Max drawdown (3Y) | -22.4% | -42.4% |
| Market cap | $10.8B | $24.7B |
| P/E (trailing) | 35.3 | 37.5 |
| Dividend yield | 3.19% | 0.68% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | EGP | JBHT |
|---|---|---|
| 2022 | -33.1% | -13.9% |
| 2023 | +27.7% | +15.6% |
| 2024 | -9.8% | -13.8% |
| 2025 | +14.9% | +15.2% |
| 2026 | +14.1% | +36.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EGP and JBHT good diversifiers for each other?
Only partially. A correlation of 0.61 means EGP 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 EGP and JBHT?
The EGP/JBHT correlation stands at 0.61 on a 3-year window (1 year: 0.60, 5 years: 0.52), computed from weekly returns as of 2026-08-27.
Is JBHT a good diversifier for EGP?
Only partially. A correlation of 0.61 means EGP 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 0.61 mean?
On the −1 to +1 scale, 0.61 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/egp-vs-jbht.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/egp-vs-jbht/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EGP correlations · JBHT correlations
