FDX vs JBHT: Correlation
FedEx (FDX) and J.B. Hunt (JBHT) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FDX and JBHT?
Across a 3-year window, the weekly returns of FDX and JBHT correlate at 0.49, moderate. The relationship has been stable: the 1-year correlation (0.53) sits close to the 3-year figure. Stretching to 5 years gives 0.44, with an annualized covariance of 451.1 %².
By 3-year correlation, JBHT places #17 of the 36 assets tracked against FDX. Their 12-month results are close: +80.6% for FDX against +82.1% for JBHT. Across three years, the rolling one-year figure varied moderately, from 0.31 to 0.65.
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.
FDX vs JBHT: side by side
| FDX (FedEx) | JBHT (J.B. Hunt) | |
|---|---|---|
| 1-year return | +80.6% | +82.1% |
| 5-year return | +71.0% | +51.0% |
| Volatility (ann.) | 30.7% | 30.0% |
| Beta vs S&P 500 | 0.89 | 0.93 |
| Max drawdown (3Y) | -35.9% | -42.4% |
| Market cap | $78.4B | $24.7B |
| P/E (trailing) | 18.1 | 37.5 |
| Dividend yield | 1.66% | 0.68% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | FDX | JBHT |
|---|---|---|
| 2022 | -31.6% | -13.9% |
| 2023 | +49.1% | +15.6% |
| 2024 | +13.5% | -13.8% |
| 2025 | +5.1% | +15.2% |
| 2026 | +43.5% | +36.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FDX and JBHT 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 FDX and JBHT?
As of 2026-08-27, the correlation of weekly returns between FDX and JBHT is 0.49 over 3 years, 0.53 over 1 year and 0.44 over 5 years.
Is JBHT a good diversifier for FDX?
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?
A reading of 0.49 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/fdx-vs-jbht.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fdx-vs-jbht/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FDX correlations · JBHT correlations
