HTLD vs JBHT: Correlation
Measured on weekly returns over the past three years, Heartland Express, Inc. (HTLD) and J.B. Hunt (JBHT) carry a correlation of 0.63, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HTLD and JBHT?
On 3 years of weekly data the HTLD/JBHT correlation comes out at 0.63, strong. Little has changed lately, as the 1-year reading of 0.64 lands near the 3-year figure. The 5-year figure is 0.62, and annualized covariance runs at 660.6 %².
By 3-year correlation, JBHT places #7 of the 15 assets tracked against HTLD. The last year tells two different stories: JBHT led by 36.6 percentage points, +45.5% for HTLD 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.
HTLD vs JBHT: side by side
| HTLD (Heartland Express, Inc.) | JBHT (J.B. Hunt) | |
|---|---|---|
| 1-year return | +45.5% | +82.1% |
| 5-year return | -24.6% | +51.0% |
| Volatility (ann.) | 35.1% | 30.0% |
| Beta vs S&P 500 | 0.84 | 0.93 |
| Max drawdown (3Y) | -55.1% | -42.4% |
| Market cap | $1.0B | $24.7B |
| P/E (trailing) | – | 37.5 |
| Dividend yield | 0.64% | 0.68% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | HTLD | JBHT |
|---|---|---|
| 2022 | -8.3% | -13.9% |
| 2023 | -6.5% | +15.6% |
| 2024 | -20.8% | -13.8% |
| 2025 | -18.8% | +15.2% |
| 2026 | +37.3% | +36.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HTLD and JBHT good diversifiers for each other?
Somewhat, no more. With 0.63 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between HTLD and JBHT?
As of 2026-08-27, the correlation of weekly returns between HTLD and JBHT is 0.63 over 3 years, 0.64 over 1 year and 0.62 over 5 years.
Is JBHT a good diversifier for HTLD?
Somewhat, no more. With 0.63 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.63 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/htld-vs-jbht.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/htld-vs-jbht/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HTLD correlations · JBHT correlations
