EXPD vs JBHT: Correlation
Expeditors International (EXPD) and J.B. Hunt (JBHT) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXPD and JBHT?
Across a 3-year window, the weekly returns of EXPD and JBHT correlate at 0.48, moderate. The past 12 months show a weaker link (0.33) than the 3-year average (0.48). Stretching to 5 years gives 0.53, with an annualized covariance of 349.1 %².
By 3-year correlation, JBHT places #6 of the 33 assets tracked against EXPD. Their recent paths diverged sharply: over the last 12 months JBHT outperformed by 24.6 percentage points (+57.5% for EXPD against +82.1% for JBHT). On a rolling one-year basis the correlation drifted between 0.33 and 0.69, a moderate band.
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.
EXPD vs JBHT: side by side
| EXPD (Expeditors International) | JBHT (J.B. Hunt) | |
|---|---|---|
| 1-year return | +57.5% | +82.1% |
| 5-year return | +60.9% | +51.0% |
| Volatility (ann.) | 24.2% | 30.0% |
| Beta vs S&P 500 | 0.65 | 0.93 |
| Max drawdown (3Y) | -21.3% | -42.4% |
| Market cap | $24.8B | $24.7B |
| P/E (trailing) | 27.7 | 37.5 |
| Dividend yield | 0.83% | 0.68% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | EXPD | JBHT |
|---|---|---|
| 2022 | -21.7% | -13.9% |
| 2023 | +23.9% | +15.6% |
| 2024 | -11.9% | -13.8% |
| 2025 | +36.2% | +15.2% |
| 2026 | +28.7% | +36.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXPD and JBHT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between EXPD and JBHT?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.33 over the last year and 0.53 over 5 years.
Is JBHT a good diversifier for EXPD?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 mean?
A reading of 0.48 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/expd-vs-jbht.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/expd-vs-jbht/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EXPD correlations · JBHT correlations
