BP vs SNA: Correlation
BP p.l.c. (BP) and Snap-on (SNA) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BP and SNA?
Across a 3-year window, the weekly returns of BP and SNA correlate at -0.20, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.26 lands near the 3-year figure. Stretching to 5 years gives 0.05, with an annualized covariance of -111.8 %².
Within BP's tracked universe of 26 assets, SNA comes in at #17 by 3-year correlation. Neither side won the trailing year by much: +27.6% against +23.1%.
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.
BP vs SNA: side by side
| BP (BP p.l.c.) | SNA (Snap-on) | |
|---|---|---|
| 1-year return | +27.6% | +23.1% |
| 5-year return | +119.9% | +99.6% |
| Volatility (ann.) | 26.6% | 21.3% |
| Beta vs S&P 500 | 0.06 | 0.70 |
| Max drawdown (3Y) | -30.6% | -20.8% |
| Market cap | $109.0B | $20.5B |
| P/E (trailing) | 20.3 | 20.2 |
| Dividend yield | 0.79% | 2.38% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | BP | SNA |
|---|---|---|
| 2022 | +37.0% | +8.9% |
| 2023 | +6.0% | +29.7% |
| 2024 | -11.8% | +20.7% |
| 2025 | +24.5% | +4.3% |
| 2026 | +26.4% | +17.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BP and SNA good diversifiers for each other?
Yes. With a correlation of -0.20, BP and SNA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BP and SNA?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.26 over the last year and 0.05 over 5 years.
Is SNA a good diversifier for BP?
Yes. With a correlation of -0.20, BP and SNA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 mean?
On the −1 to +1 scale, -0.20 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bp-vs-sna.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bp-vs-sna/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BP correlations · SNA correlations
