BATL vs SNDR: Correlation
How closely do Battalion Oil Corporation (BATL) and Schneider National, Inc. (SNDR) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BATL and SNDR?
Across a 3-year window, the weekly returns of BATL and SNDR correlate at -0.23, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.45) than the 3-year average (-0.23). Stretching to 5 years gives -0.17, with an annualized covariance of -1725.8 %².
By 3-year correlation, SNDR places #33 of the 44 assets tracked against BATL. The last year tells two different stories: SNDR led by 30.6 percentage points, +12.7% for BATL against +43.3% for SNDR. Risk is not evenly split, since BATL carries 8.4 times the volatility of the other side.
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.
BATL vs SNDR: side by side
| BATL (Battalion Oil Corporation) | SNDR (Schneider National, Inc.) | |
|---|---|---|
| 1-year return | +12.7% | +43.3% |
| 5-year return | -87.1% | +63.2% |
| Volatility (ann.) | 252.0% | 30.0% |
| Beta vs S&P 500 | -0.19 | 0.52 |
| Max drawdown (3Y) | -95.8% | -38.8% |
| Market cap | $0.1B | $6.2B |
| P/E (trailing) | – | 55.1 |
| Dividend yield | 0.00% | 1.11% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BATL | SNDR |
|---|---|---|
| 2022 | -0.9% | -11.9% |
| 2023 | -1.0% | +10.2% |
| 2024 | -82.1% | +16.8% |
| 2025 | -34.3% | -8.0% |
| 2026 | +17.7% | +33.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BATL and SNDR good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between BATL and SNDR?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.45 over the last year and -0.17 over 5 years.
Is SNDR a good diversifier for BATL?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 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/batl-vs-sndr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/batl-vs-sndr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BATL correlations · SNDR correlations
