JBHT vs QQQ: Correlation
How closely do J.B. Hunt (JBHT) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.35, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JBHT and QQQ?
Over the past 3 years, JBHT and QQQ moved with a correlation of 0.35, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.10 versus 0.35 over 3 years. Over 5 years the correlation is 0.43, and the annualized covariance of weekly returns is 204.6 %².
Within JBHT's tracked universe of 36 assets, QQQ comes in at #25 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months JBHT outperformed by 55.8 percentage points (+82.1% for JBHT against +26.3% for QQQ). The relationship is regime-dependent: the rolling one-year correlation swung between 0.09 and 0.59 over the past three years, so this pair behaves very differently depending on the market environment. Risk is not evenly split, since JBHT carries 1.5 times the volatility of the other side.
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 QQQ: side by side
| JBHT (J.B. Hunt) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +82.1% | +26.3% |
| 5-year return | +51.0% | +95.4% |
| Volatility (ann.) | 30.0% | 19.6% |
| Beta vs S&P 500 | 0.93 | 1.28 |
| Max drawdown (3Y) | -42.4% | -22.8% |
| Market cap | $24.7B | – |
| P/E (trailing) | 37.5 | – |
| Dividend yield | 0.68% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Industrials | ETF · US Growth & Tech |
QQQ is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | JBHT | QQQ |
|---|---|---|
| 2022 | -13.9% | -32.6% |
| 2023 | +15.6% | +54.9% |
| 2024 | -13.8% | +25.6% |
| 2025 | +15.2% | +20.8% |
| 2026 | +36.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JBHT and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between JBHT and QQQ?
The JBHT/QQQ correlation stands at 0.35 on a 3-year window (1 year: 0.10, 5 years: 0.43), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for JBHT?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.35 mean?
A reading of 0.35 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-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/jbht-vs-qqq/)
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Related comparisons
Hubs: JBHT correlations · QQQ correlations
