Tax-loss harvesting alternatives for JBHT

Among the 19 Trucking peers screened, KNX (Knight-Swift) has tracked JBHT most closely over the past year, with a return correlation of 0.75. The strongest fund stand-in is XTN (SPDR S&P Transportation ETF) at 0.60 over the past year. Correlations are computed from daily closing-price returns aligned by trading day.

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STOCKS

Single-name peers

Ticker	Name	Sub-industry	1Y	3Y	5Y	10Y
KNX	Knight-Swift	Cargo Ground Transportation	0.75	0.75	0.75	0.70
SNDR	Schneider National	Cargo Ground Transportation	0.69	0.71	0.72	0.70
WERN	Werner Enterprises	Cargo Ground Transportation	0.69	0.71	0.72	0.71
ODFL	Old Dominion Freight	Trucking	0.68	0.69	0.70	0.70
MRTN	Marten Transport, Ltd.	Cargo Ground Transportation	0.64	0.67	0.65	0.64
HTLD	Heartland Express, Inc.	Cargo Ground Transportation	0.64	0.61	0.61	0.63
SAIA	Saia Inc.	Trucking	0.64	0.57	0.61	0.61
ARCB	ArcBest Corp.	Cargo Ground Transportation	0.62	0.64	0.65	0.60
LSTR	Landstar System	Cargo Ground Transportation	0.60	0.69	0.71	0.71
R	Ryder	Cargo Ground Transportation	0.48	0.58	0.57	0.58
RXO	RXO, Inc.	Cargo Ground Transportation	0.42	0.53	0.51	—
CSX	CSX Corp.	Railroads	0.39	0.52	0.54	0.54
UNP	Union Pacific	Railroads	0.35	0.50	0.52	0.56
NSC	Norfolk Southern	Railroads	0.32	0.46	0.52	0.57
CP	Canadian Pacific Kansas City	Railroads	0.32	0.42	0.46	0.50
CAR	Avis Budget Group	Passenger Ground Transportation	0.08	0.21	0.22	0.27
LYFT	Lyft Inc.	Ground Transportation	0.03	0.23	0.25	0.27
UBER	Uber Technologies	Ground Transportation	0.02	0.24	0.28	0.27
FDXF	FedEx Freight	Cargo Ground Transportation	—	—	—	—

ETFS

Fund stand-ins

An ETF is generally not 'substantially identical' to a single stock, which is why funds are the standard wash-sale-aware replacement.

Ticker	Name	Focus	Match	1Y	3Y	5Y	10Y
XTN	SPDR S&P Transportation ETF	Transportation	INDUSTRY	0.60	0.69	0.70	0.70
IYT	iShares Transportation Average	Transportation	INDUSTRY	0.56	0.67	0.70	0.72
PAVE	Global X US Infrastructure	Infrastructure	SECTOR	0.36	0.52	0.56	0.60
VIS	Vanguard Industrials ETF	Industrials Sector	SECTOR	0.35	0.52	0.57	0.61
IYJ	iShares US Industrials ETF	Industrials Sector	SECTOR	0.34	0.52	0.56	0.61
XLI	Industrial Select Sector SPDR	Industrials Sector	SECTOR	0.34	0.51	0.56	0.61
FIDU	Fidelity MSCI Industrials ETF	Industrials Sector	SECTOR	0.34	0.52	0.57	0.61
JETS	US Global Jets ETF	Airlines	SUB-IND	0.27	0.42	0.42	0.43
BOTZ	Global X Robotics & AI	Robotics & AI	SECTOR	0.20	0.37	0.43	0.46
XAR	SPDR S&P Aerospace & Defense	Aerospace & Defense (Equal Wt)	INDUSTRY	0.16	0.30	0.37	0.46
PPA	Invesco Aerospace & Defense ETF	Aerospace & Defense	INDUSTRY	0.15	0.31	0.38	0.48
ITA	iShares Aerospace & Defense ETF	Aerospace & Defense	INDUSTRY	0.12	0.26	0.34	0.44

NEXT STEPS

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Replacement research for JBHT's peers

KNX SNDR WERN ODFL MRTN HTLD SAIA ARCB LSTR R RXO CSX UNP NSC CP CAR LYFT UBER FDXF

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Method: Pearson correlation of daily closing-price returns, Yahoo Finance data, series aligned by trading day, refreshed weekly. A cell is blank when overlapping history covers less than 60% of its window. Correlation is descriptive, not predictive. Wash-sale treatment depends on facts and circumstances — confirm with a tax professional. Not investment advice.