HUM vs KNX: Correlation
How closely do Humana (HUM) and Knight-Swift Transportation Holdings Inc. (KNX) trade together? Their weekly returns over three years give a correlation of 0.34, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HUM and KNX?
Over the past 3 years, HUM and KNX moved with a correlation of 0.34, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.45 versus 0.34 over 3 years. Over 5 years the correlation is 0.28, and the annualized covariance of weekly returns is 471.8 %².
Among the 30 assets we track against HUM, KNX ranks #13 by 3-year correlation. Correlation aside, the last 12 months split them widely, with KNX ahead by 23.9 points (+34.0% versus +57.9%).
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.
HUM vs KNX: side by side
| HUM (Humana) | KNX (Knight-Swift Transportation Holdings Inc.) | |
|---|---|---|
| 1-year return | +34.0% | +57.9% |
| 5-year return | +1.8% | +37.4% |
| Volatility (ann.) | 43.3% | 31.7% |
| Beta vs S&P 500 | 0.52 | 1.00 |
| Max drawdown (3Y) | -67.9% | -35.7% |
| Market cap | $47.1B | $11.2B |
| P/E (trailing) | 36.9 | 255.2 |
| Dividend yield | 0.91% | 1.09% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | HUM | KNX |
|---|---|---|
| 2022 | +11.2% | -13.2% |
| 2023 | -9.9% | +11.1% |
| 2024 | -44.0% | -6.9% |
| 2025 | +2.4% | +0.1% |
| 2026 | +54.4% | +32.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HUM and KNX good diversifiers for each other?
Reasonably. At 0.34, HUM and KNX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HUM and KNX?
The HUM/KNX correlation stands at 0.34 on a 3-year window (1 year: 0.45, 5 years: 0.28), computed from weekly returns as of 2026-08-27.
Is KNX a good diversifier for HUM?
Reasonably. At 0.34, HUM and KNX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.34 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/hum-vs-knx.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: HUM correlations · KNX correlations
