HSDT vs JBHT: Correlation
Solana Company (HSDT) and J.B. Hunt (JBHT) show a negative relationship: their 3-year correlation of weekly returns is -0.17.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HSDT and JBHT?
Over the past 3 years, HSDT and JBHT moved with a correlation of -0.17, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.32) runs below the 3-year figure (-0.17). Over 5 years the correlation is -0.07, and the annualized covariance of weekly returns is -882.0 %².
By 3-year correlation, JBHT places #12 of the 17 assets tracked against HSDT. Correlation aside, the last 12 months split them widely, with JBHT ahead by 142.8 points (-60.7% versus +82.1%). Risk is not evenly split, since HSDT carries 5.9 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.
HSDT vs JBHT: side by side
| HSDT (Solana Company) | JBHT (J.B. Hunt) | |
|---|---|---|
| 1-year return | -60.7% | +82.1% |
| 5-year return | -100.0% | +51.0% |
| Volatility (ann.) | 177.7% | 30.0% |
| Beta vs S&P 500 | 0.34 | 0.93 |
| Max drawdown (3Y) | -100.0% | -42.4% |
| Market cap | $0.1B | $24.7B |
| P/E (trailing) | 0.0 | 37.5 |
| Dividend yield | 0.00% | 0.68% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | HSDT | JBHT |
|---|---|---|
| 2022 | -94.1% | -13.9% |
| 2023 | -47.6% | +15.6% |
| 2024 | -91.7% | -13.8% |
| 2025 | -99.4% | +15.2% |
| 2026 | -15.9% | +36.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HSDT and JBHT good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between HSDT and JBHT?
Using weekly returns as of 2026-08-27: -0.17 over 3 years, with -0.32 over the last year and -0.07 over 5 years.
Is JBHT a good diversifier for HSDT?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
What does a correlation of -0.17 mean?
A reading of -0.17 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/hsdt-vs-jbht.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hsdt-vs-jbht/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HSDT correlations · JBHT correlations
