JBHT vs SNDR: Correlation
Measured on weekly returns over the past three years, J.B. Hunt (JBHT) and Schneider National, Inc. (SNDR) carry a correlation of 0.66, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JBHT and SNDR?
Across a 3-year window, the weekly returns of JBHT and SNDR correlate at 0.66, strong. Little has changed lately, as the 1-year reading of 0.71 lands near the 3-year figure. Stretching to 5 years gives 0.70, with an annualized covariance of 591.0 %².
Within JBHT's tracked universe of 36 assets, SNDR comes in at #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months JBHT outperformed by 38.8 percentage points (+82.1% for JBHT against +43.3% for SNDR).
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 SNDR: side by side
| JBHT (J.B. Hunt) | SNDR (Schneider National, Inc.) | |
|---|---|---|
| 1-year return | +82.1% | +43.3% |
| 5-year return | +51.0% | +63.2% |
| Volatility (ann.) | 30.0% | 30.0% |
| Beta vs S&P 500 | 0.93 | 0.52 |
| Max drawdown (3Y) | -42.4% | -38.8% |
| Market cap | $24.7B | $6.2B |
| P/E (trailing) | 37.5 | 55.1 |
| Dividend yield | 0.68% | 1.11% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | JBHT | SNDR |
|---|---|---|
| 2022 | -13.9% | -11.9% |
| 2023 | +15.6% | +10.2% |
| 2024 | -13.8% | +16.8% |
| 2025 | +15.2% | -8.0% |
| 2026 | +36.3% | +33.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JBHT and SNDR good diversifiers for each other?
Only partially. A correlation of 0.66 means JBHT and SNDR 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 SNDR?
As of 2026-08-27, the correlation of weekly returns between JBHT and SNDR is 0.66 over 3 years, 0.71 over 1 year and 0.70 over 5 years.
Is SNDR a good diversifier for JBHT?
Only partially. A correlation of 0.66 means JBHT and SNDR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.66 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/jbht-vs-sndr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jbht-vs-sndr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JBHT correlations · SNDR correlations
