KNX vs LSTR: Correlation
Knight-Swift Transportation Holdings Inc. (KNX) and Landstar System, Inc. (LSTR) show a strong relationship: their 3-year correlation of weekly returns is 0.71.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KNX and LSTR?
Across a 3-year window, the weekly returns of KNX and LSTR correlate at 0.71, strong. The relationship has been stable: the 1-year correlation (0.71) sits close to the 3-year figure. Stretching to 5 years gives 0.74, with an annualized covariance of 630.2 %².
Within KNX's tracked universe of 17 assets, LSTR comes in at #5 by 3-year correlation. The last year tells two different stories: KNX led by 18.0 percentage points, +57.9% for KNX against +39.9% for LSTR.
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.
KNX vs LSTR: side by side
| KNX (Knight-Swift Transportation Holdings Inc.) | LSTR (Landstar System, Inc.) | |
|---|---|---|
| 1-year return | +57.9% | +39.9% |
| 5-year return | +37.4% | +17.0% |
| Volatility (ann.) | 31.7% | 28.2% |
| Beta vs S&P 500 | 1.00 | 0.83 |
| Max drawdown (3Y) | -35.7% | -37.5% |
| Market cap | $11.2B | $6.2B |
| P/E (trailing) | 255.2 | 47.0 |
| Dividend yield | 1.09% | 0.88% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KNX | LSTR |
|---|---|---|
| 2022 | -13.2% | -7.3% |
| 2023 | +11.1% | +21.2% |
| 2024 | -6.9% | -9.7% |
| 2025 | +0.1% | -14.4% |
| 2026 | +32.6% | +29.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KNX and LSTR good diversifiers for each other?
Somewhat, no more. With 0.71 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between KNX and LSTR?
The KNX/LSTR correlation stands at 0.71 on a 3-year window (1 year: 0.71, 5 years: 0.74), computed from weekly returns as of 2026-08-27.
Is LSTR a good diversifier for KNX?
Somewhat, no more. With 0.71 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.71 mean?
A reading of 0.71 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/knx-vs-lstr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/knx-vs-lstr/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KNX correlations · LSTR correlations
