JBHT vs WERN: Correlation
Measured on weekly returns over the past three years, J.B. Hunt (JBHT) and Werner Enterprises, Inc. (WERN) carry a correlation of 0.71, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JBHT and WERN?
Over the past 3 years, JBHT and WERN moved with a correlation of 0.71, which is strong. The relationship has been stable: the 1-year correlation (0.66) sits close to the 3-year figure. Over 5 years the correlation is 0.72, and the annualized covariance of weekly returns is 637.9 %².
Few assets follow JBHT as closely as WERN, which ranks #2 of 36 tracked partners. The last year tells two different stories: JBHT led by 46.1 percentage points, +82.1% for JBHT against +36.0% for WERN.
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 WERN: side by side
| JBHT (J.B. Hunt) | WERN (Werner Enterprises, Inc.) | |
|---|---|---|
| 1-year return | +82.1% | +36.0% |
| 5-year return | +51.0% | -14.3% |
| Volatility (ann.) | 30.0% | 29.9% |
| Beta vs S&P 500 | 0.93 | 0.80 |
| Max drawdown (3Y) | -42.4% | -44.5% |
| Market cap | $24.7B | $2.3B |
| P/E (trailing) | 37.5 | – |
| Dividend yield | 0.68% | 1.44% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | JBHT | WERN |
|---|---|---|
| 2022 | -13.9% | -14.4% |
| 2023 | +15.6% | +6.6% |
| 2024 | -13.8% | -14.2% |
| 2025 | +15.2% | -14.9% |
| 2026 | +36.3% | +30.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JBHT and WERN good diversifiers for each other?
Only partially. A correlation of 0.71 means JBHT and WERN 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 WERN?
Using weekly returns as of 2026-08-27: 0.71 over 3 years, with 0.66 over the last year and 0.72 over 5 years.
Is WERN a good diversifier for JBHT?
Only partially. A correlation of 0.71 means JBHT and WERN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.71 mean?
On the −1 to +1 scale, 0.71 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/jbht-vs-wern.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jbht-vs-wern/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: JBHT correlations · WERN correlations
