JBHT vs TFII: Correlation
How closely do J.B. Hunt (JBHT) and TFI International Inc. (TFII) trade together? Their weekly returns over three years give a correlation of 0.59, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JBHT and TFII?
On 3 years of weekly data the JBHT/TFII correlation comes out at 0.59, moderate. The link has tightened recently: the 1-year correlation (0.75) runs above the 3-year figure (0.59). The 5-year figure is 0.60, and annualized covariance runs at 624.2 %².
Among the 36 assets we track against JBHT, TFII ranks #16 by 3-year correlation. Correlation aside, the last 12 months split them widely, with JBHT ahead by 36.2 points (+82.1% versus +45.9%).
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 TFII: side by side
| JBHT (J.B. Hunt) | TFII (TFI International Inc.) | |
|---|---|---|
| 1-year return | +82.1% | +45.9% |
| 5-year return | +51.0% | +27.7% |
| Volatility (ann.) | 30.0% | 35.1% |
| Beta vs S&P 500 | 0.93 | 1.02 |
| Max drawdown (3Y) | -42.4% | -53.8% |
| Market cap | $24.7B | $11.2B |
| P/E (trailing) | 37.5 | 33.2 |
| Dividend yield | 0.68% | 1.38% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | JBHT | TFII |
|---|---|---|
| 2022 | -13.9% | -9.5% |
| 2023 | +15.6% | +37.3% |
| 2024 | -13.8% | +0.5% |
| 2025 | +15.2% | -22.7% |
| 2026 | +36.3% | +32.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JBHT and TFII good diversifiers for each other?
Only partially. A correlation of 0.59 means JBHT and TFII 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 TFII?
Using weekly returns as of 2026-08-27: 0.59 over 3 years, with 0.75 over the last year and 0.60 over 5 years.
Is TFII a good diversifier for JBHT?
Only partially. A correlation of 0.59 means JBHT and TFII share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.59 mean?
A reading of 0.59 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-tfii.json
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[](https://www.pairbook.io/pair/jbht-vs-tfii/)
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Related comparisons
Hubs: JBHT correlations · TFII correlations
