JBHT vs LSTR: Correlation
J.B. Hunt (JBHT) and Landstar System, Inc. (LSTR) show a strong relationship: their 3-year correlation of weekly returns is 0.70.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JBHT and LSTR?
Across a 3-year window, the weekly returns of JBHT and LSTR correlate at 0.70, strong. Little has changed lately, as the 1-year reading of 0.63 lands near the 3-year figure. Stretching to 5 years gives 0.72, with an annualized covariance of 590.2 %².
LSTR is one of the assets that tracks JBHT most closely: it ranks #3 out of the 36 assets we track against JBHT. Correlation aside, the last 12 months split them widely, with JBHT ahead by 42.2 points (+82.1% versus +39.9%).
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.
JBHT vs LSTR: side by side
| JBHT (J.B. Hunt) | LSTR (Landstar System, Inc.) | |
|---|---|---|
| 1-year return | +82.1% | +39.9% |
| 5-year return | +51.0% | +17.0% |
| Volatility (ann.) | 30.0% | 28.2% |
| Beta vs S&P 500 | 0.93 | 0.83 |
| Max drawdown (3Y) | -42.4% | -37.5% |
| Market cap | $24.7B | $6.2B |
| P/E (trailing) | 37.5 | 47.0 |
| Dividend yield | 0.68% | 0.88% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | JBHT | LSTR |
|---|---|---|
| 2022 | -13.9% | -7.3% |
| 2023 | +15.6% | +21.2% |
| 2024 | -13.8% | -9.7% |
| 2025 | +15.2% | -14.4% |
| 2026 | +36.3% | +29.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JBHT and LSTR good diversifiers for each other?
Somewhat, no more. With 0.70 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between JBHT and LSTR?
As of 2026-08-27, the correlation of weekly returns between JBHT and LSTR is 0.70 over 3 years, 0.63 over 1 year and 0.72 over 5 years.
Is LSTR a good diversifier for JBHT?
Somewhat, no more. With 0.70 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.70 mean?
On the −1 to +1 scale, 0.70 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: JBHT correlations · LSTR correlations
