HSIC vs SNDR: Correlation
How closely do Henry Schein (HSIC) and Schneider National, Inc. (SNDR) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HSIC and SNDR?
Across a 3-year window, the weekly returns of HSIC and SNDR correlate at 0.44, moderate. The relationship has been stable: the 1-year correlation (0.43) sits close to the 3-year figure. Stretching to 5 years gives 0.42, with an annualized covariance of 335.2 %².
Within HSIC's tracked universe of 34 assets, SNDR comes in at #9 by 3-year correlation. The trailing year gives SNDR the advantage: +30.9% versus +43.3%, a 12.4-point spread.
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.
HSIC vs SNDR: side by side
| HSIC (Henry Schein) | SNDR (Schneider National, Inc.) | |
|---|---|---|
| 1-year return | +30.9% | +43.3% |
| 5-year return | +20.1% | +63.2% |
| Volatility (ann.) | 25.2% | 30.0% |
| Beta vs S&P 500 | 0.33 | 0.52 |
| Max drawdown (3Y) | -24.3% | -38.8% |
| Market cap | $10.1B | $6.2B |
| P/E (trailing) | 26.3 | 55.1 |
| Dividend yield | 0.00% | 1.11% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | HSIC | SNDR |
|---|---|---|
| 2022 | +3.0% | -11.9% |
| 2023 | -5.2% | +10.2% |
| 2024 | -8.6% | +16.8% |
| 2025 | +9.2% | -8.0% |
| 2026 | +19.4% | +33.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HSIC and SNDR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between HSIC and SNDR?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.43 over the last year and 0.42 over 5 years.
Is SNDR a good diversifier for HSIC?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 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/hsic-vs-sndr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hsic-vs-sndr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HSIC correlations · SNDR correlations
