JBHT vs PLD: Correlation
J.B. Hunt (JBHT) and Prologis (PLD) show a strong relationship: their 3-year correlation of weekly returns is 0.61.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JBHT and PLD?
Across a 3-year window, the weekly returns of JBHT and PLD correlate at 0.61, strong. The relationship has been stable: the 1-year correlation (0.62) sits close to the 3-year figure. Stretching to 5 years gives 0.56, with an annualized covariance of 477.2 %².
Among the 36 assets we track against JBHT, PLD ranks #11 by 3-year correlation. The last year tells two different stories: JBHT led by 52.1 percentage points, +82.1% for JBHT against +30.0% for PLD. Across three years, the rolling one-year figure varied moderately, from 0.45 to 0.74.
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 PLD: side by side
| JBHT (J.B. Hunt) | PLD (Prologis) | |
|---|---|---|
| 1-year return | +82.1% | +30.0% |
| 5-year return | +51.0% | +22.5% |
| Volatility (ann.) | 30.0% | 25.8% |
| Beta vs S&P 500 | 0.93 | 0.90 |
| Max drawdown (3Y) | -42.4% | -31.4% |
| Market cap | $24.7B | $137.9B |
| P/E (trailing) | 37.5 | 31.7 |
| Dividend yield | 0.68% | 2.92% |
| Sector / category | Industrials | Real Estate |
Year-by-year returns
| Year | JBHT | PLD |
|---|---|---|
| 2022 | -13.9% | -31.3% |
| 2023 | +15.6% | +21.6% |
| 2024 | -13.8% | -18.1% |
| 2025 | +15.2% | +25.1% |
| 2026 | +36.3% | +12.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JBHT and PLD good diversifiers for each other?
Only partially. A correlation of 0.61 means JBHT and PLD 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 PLD?
As of 2026-08-27, the correlation of weekly returns between JBHT and PLD is 0.61 over 3 years, 0.62 over 1 year and 0.56 over 5 years.
Is PLD a good diversifier for JBHT?
Only partially. A correlation of 0.61 means JBHT and PLD share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.61 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.
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Related comparisons
Hubs: JBHT correlations · PLD correlations
