KNX vs WERN: Correlation
Measured on weekly returns over the past three years, Knight-Swift Transportation Holdings Inc. (KNX) and Werner Enterprises, Inc. (WERN) carry a correlation of 0.76, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KNX and WERN?
Across a 3-year window, the weekly returns of KNX and WERN correlate at 0.76, strong. The relationship has been stable: the 1-year correlation (0.80) sits close to the 3-year figure. Stretching to 5 years gives 0.77, with an annualized covariance of 718.1 %².
In KNX's tracked universe of 17 assets, WERN sits right near the top at #3. The last year tells two different stories: KNX led by 21.9 percentage points, +57.9% for KNX 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.
KNX vs WERN: side by side
| KNX (Knight-Swift Transportation Holdings Inc.) | WERN (Werner Enterprises, Inc.) | |
|---|---|---|
| 1-year return | +57.9% | +36.0% |
| 5-year return | +37.4% | -14.3% |
| Volatility (ann.) | 31.7% | 29.9% |
| Beta vs S&P 500 | 1.00 | 0.80 |
| Max drawdown (3Y) | -35.7% | -44.5% |
| Market cap | $11.2B | $2.3B |
| P/E (trailing) | 255.2 | – |
| Dividend yield | 1.09% | 1.44% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KNX | WERN |
|---|---|---|
| 2022 | -13.2% | -14.4% |
| 2023 | +11.1% | +6.6% |
| 2024 | -6.9% | -14.2% |
| 2025 | +0.1% | -14.9% |
| 2026 | +32.6% | +30.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KNX and WERN good diversifiers for each other?
Somewhat, no more. With 0.76 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between KNX and WERN?
The KNX/WERN correlation stands at 0.76 on a 3-year window (1 year: 0.80, 5 years: 0.77), computed from weekly returns as of 2026-08-27.
Is WERN a good diversifier for KNX?
Somewhat, no more. With 0.76 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.76 mean?
A reading of 0.76 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-wern.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/knx-vs-wern/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KNX correlations · WERN correlations
