JBHT vs KNX: Correlation
J.B. Hunt (JBHT) and Knight-Swift Transportation Holdings Inc. (KNX) show a strong relationship: their 3-year correlation of weekly returns is 0.78.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JBHT and KNX?
Across a 3-year window, the weekly returns of JBHT and KNX correlate at 0.78, strong. Little has changed lately, as the 1-year reading of 0.88 lands near the 3-year figure. Stretching to 5 years gives 0.76, with an annualized covariance of 748.0 %².
KNX is one of the assets that tracks JBHT most closely: it ranks #1 out of the 36 assets we track against JBHT. Their recent paths diverged sharply: over the last 12 months JBHT outperformed by 24.2 percentage points (+82.1% for JBHT against +57.9% for KNX).
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.
JBHT vs KNX: side by side
| JBHT (J.B. Hunt) | KNX (Knight-Swift Transportation Holdings Inc.) | |
|---|---|---|
| 1-year return | +82.1% | +57.9% |
| 5-year return | +51.0% | +37.4% |
| Volatility (ann.) | 30.0% | 31.7% |
| Beta vs S&P 500 | 0.93 | 1.00 |
| Max drawdown (3Y) | -42.4% | -35.7% |
| Market cap | $24.7B | $11.2B |
| P/E (trailing) | 37.5 | 255.2 |
| Dividend yield | 0.68% | 1.09% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | JBHT | KNX |
|---|---|---|
| 2022 | -13.9% | -13.2% |
| 2023 | +15.6% | +11.1% |
| 2024 | -13.8% | -6.9% |
| 2025 | +15.2% | +0.1% |
| 2026 | +36.3% | +32.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JBHT and KNX good diversifiers for each other?
Somewhat, no more. With 0.78 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between JBHT and KNX?
The JBHT/KNX correlation stands at 0.78 on a 3-year window (1 year: 0.88, 5 years: 0.76), computed from weekly returns as of 2026-08-27.
Is KNX a good diversifier for JBHT?
Somewhat, no more. With 0.78 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.78 mean?
A reading of 0.78 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/jbht-vs-knx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/jbht-vs-knx/)
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Related comparisons
Hubs: JBHT correlations · KNX correlations
