JBHT vs MRTN: Correlation
Measured on weekly returns over the past three years, J.B. Hunt (JBHT) and Marten Transport, Ltd. (MRTN) carry a correlation of 0.68, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JBHT and MRTN?
On 3 years of weekly data the JBHT/MRTN correlation comes out at 0.68, strong. Little has changed lately, as the 1-year reading of 0.66 lands near the 3-year figure. The 5-year figure is 0.63, and annualized covariance runs at 582.5 %².
Among the 36 assets we track against JBHT, MRTN ranks #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months JBHT outperformed by 58.7 percentage points (+82.1% for JBHT against +23.4% for MRTN).
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 MRTN: side by side
| JBHT (J.B. Hunt) | MRTN (Marten Transport, Ltd.) | |
|---|---|---|
| 1-year return | +82.1% | +23.4% |
| 5-year return | +51.0% | -1.0% |
| Volatility (ann.) | 30.0% | 28.6% |
| Beta vs S&P 500 | 0.93 | 0.78 |
| Max drawdown (3Y) | -42.4% | -54.8% |
| Market cap | $24.7B | $1.2B |
| P/E (trailing) | 37.5 | 96.4 |
| Dividend yield | 0.68% | 1.66% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | JBHT | MRTN |
|---|---|---|
| 2022 | -13.9% | +16.7% |
| 2023 | +15.6% | +7.3% |
| 2024 | -13.8% | -24.6% |
| 2025 | +15.2% | -25.7% |
| 2026 | +36.3% | +28.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JBHT and MRTN good diversifiers for each other?
Only partially. A correlation of 0.68 means JBHT and MRTN 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 JBHT and MRTN?
Using weekly returns as of 2026-08-27: 0.68 over 3 years, with 0.66 over the last year and 0.63 over 5 years.
Is MRTN a good diversifier for JBHT?
Only partially. A correlation of 0.68 means JBHT and MRTN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.68 mean?
A reading of 0.68 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-mrtn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jbht-vs-mrtn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JBHT correlations · MRTN correlations
