FR vs JBHT: Correlation
Measured on weekly returns over the past three years, First Industrial Realty Trust, Inc. (FR) and J.B. Hunt (JBHT) carry a correlation of 0.60, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FR and JBHT?
On 3 years of weekly data the FR/JBHT correlation comes out at 0.60, strong. Recent behaviour matches the longer record: 0.55 over 1 year against 0.60 over 3. The 5-year figure is 0.54, and annualized covariance runs at 398.5 %².
By 3-year correlation, JBHT places #9 of the 14 assets tracked against FR. Their recent paths diverged sharply: over the last 12 months JBHT outperformed by 59.1 percentage points (+23.0% for FR against +82.1% for JBHT).
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.
FR vs JBHT: side by side
| FR (First Industrial Realty Trust, Inc.) | JBHT (J.B. Hunt) | |
|---|---|---|
| 1-year return | +23.0% | +82.1% |
| 5-year return | +26.5% | +51.0% |
| Volatility (ann.) | 22.2% | 30.0% |
| Beta vs S&P 500 | 0.70 | 0.93 |
| Max drawdown (3Y) | -25.1% | -42.4% |
| Market cap | $8.5B | $24.7B |
| P/E (trailing) | 22.7 | 37.5 |
| Dividend yield | 3.01% | 0.68% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | FR | JBHT |
|---|---|---|
| 2022 | -25.4% | -13.9% |
| 2023 | +11.9% | +15.6% |
| 2024 | -2.0% | -13.8% |
| 2025 | +18.2% | +15.2% |
| 2026 | +10.8% | +36.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FR and JBHT good diversifiers for each other?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between FR and JBHT?
As of 2026-08-27, the correlation of weekly returns between FR and JBHT is 0.60 over 3 years, 0.55 over 1 year and 0.54 over 5 years.
Is JBHT a good diversifier for FR?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.60 mean?
A reading of 0.60 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/fr-vs-jbht.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fr-vs-jbht/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FR correlations · JBHT correlations
