IEX vs JBHT: Correlation
IDEX Corporation (IEX) and J.B. Hunt (JBHT) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IEX and JBHT?
Over the past 3 years, IEX and JBHT moved with a correlation of 0.53, which is moderate. The link has loosened recently: the 1-year correlation (0.42) runs below the 3-year figure (0.53). Over 5 years the correlation is 0.53, and the annualized covariance of weekly returns is 371.9 %².
Within IEX's tracked universe of 40 assets, JBHT comes in at #26 by 3-year correlation. The last year tells two different stories: JBHT led by 39.1 percentage points, +43.0% for IEX against +82.1% for JBHT. Stability stands out here, with the rolling one-year correlation confined to 0.43 through 0.64.
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.
IEX vs JBHT: side by side
| IEX (IDEX Corporation) | JBHT (J.B. Hunt) | |
|---|---|---|
| 1-year return | +43.0% | +82.1% |
| 5-year return | +10.5% | +51.0% |
| Volatility (ann.) | 23.3% | 30.0% |
| Beta vs S&P 500 | 0.89 | 0.93 |
| Max drawdown (3Y) | -34.6% | -42.4% |
| Market cap | $17.2B | $24.7B |
| P/E (trailing) | 33.8 | 37.5 |
| Dividend yield | 1.23% | 0.68% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | IEX | JBHT |
|---|---|---|
| 2022 | -2.2% | -13.9% |
| 2023 | -3.8% | +15.6% |
| 2024 | -2.4% | -13.8% |
| 2025 | -13.7% | +15.2% |
| 2026 | +32.9% | +36.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IEX and JBHT good diversifiers for each other?
Only partially. A correlation of 0.53 means IEX and JBHT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between IEX and JBHT?
The IEX/JBHT correlation stands at 0.53 on a 3-year window (1 year: 0.42, 5 years: 0.53), computed from weekly returns as of 2026-08-27.
Is JBHT a good diversifier for IEX?
Only partially. A correlation of 0.53 means IEX and JBHT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 mean?
A reading of 0.53 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/iex-vs-jbht.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/iex-vs-jbht/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IEX correlations · JBHT correlations
