JBHT vs ZCMD: Correlation
J.B. Hunt (JBHT) and Zhongchao Inc. - Class A (ZCMD) show a negative relationship: their 3-year correlation of weekly returns is -0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JBHT and ZCMD?
On 3 years of weekly data the JBHT/ZCMD correlation comes out at -0.18, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.21 lands near the 3-year figure. The 5-year figure is -0.12, and annualized covariance runs at -779.4 %².
Among the 36 assets we track against JBHT, ZCMD ranks #31 by 3-year correlation. The last year tells two different stories: JBHT led by 182.0 percentage points, +82.1% for JBHT against -99.9% for ZCMD. Note the risk asymmetry: ZCMD runs 4.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 ZCMD: side by side
| JBHT (J.B. Hunt) | ZCMD (Zhongchao Inc. - Class A) | |
|---|---|---|
| 1-year return | +82.1% | -99.9% |
| 5-year return | +51.0% | -100.0% |
| Volatility (ann.) | 30.0% | 141.8% |
| Beta vs S&P 500 | 0.93 | 0.59 |
| Max drawdown (3Y) | -42.4% | -100.0% |
| Market cap | $24.7B | – |
| P/E (trailing) | 37.5 | – |
| Dividend yield | 0.68% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | JBHT | ZCMD |
|---|---|---|
| 2022 | -13.9% | -35.4% |
| 2023 | +15.6% | -69.5% |
| 2024 | -13.8% | -53.8% |
| 2025 | +15.2% | -72.2% |
| 2026 | +36.3% | -99.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JBHT and ZCMD good diversifiers for each other?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between JBHT and ZCMD?
As of 2026-08-27, the correlation of weekly returns between JBHT and ZCMD is -0.18 over 3 years, -0.21 over 1 year and -0.12 over 5 years.
Is ZCMD a good diversifier for JBHT?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
What does a correlation of -0.18 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-zcmd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jbht-vs-zcmd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JBHT correlations · ZCMD correlations
