HTLD vs SNDR: Correlation
Heartland Express, Inc. (HTLD) and Schneider National, Inc. (SNDR) show a strong relationship: their 3-year correlation of weekly returns is 0.69.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HTLD and SNDR?
Over the past 3 years, HTLD and SNDR moved with a correlation of 0.69, which is strong. Recent behaviour matches the longer record: 0.76 over 1 year against 0.69 over 3. Over 5 years the correlation is 0.68, and the annualized covariance of weekly returns is 724.2 %².
By 3-year correlation, SNDR places #5 of the 15 assets tracked against HTLD. Twelve-month performance is nearly a tie, at +45.5% for HTLD and +43.3% for SNDR.
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.
HTLD vs SNDR: side by side
| HTLD (Heartland Express, Inc.) | SNDR (Schneider National, Inc.) | |
|---|---|---|
| 1-year return | +45.5% | +43.3% |
| 5-year return | -24.6% | +63.2% |
| Volatility (ann.) | 35.1% | 30.0% |
| Beta vs S&P 500 | 0.84 | 0.52 |
| Max drawdown (3Y) | -55.1% | -38.8% |
| Market cap | $1.0B | $6.2B |
| P/E (trailing) | – | 55.1 |
| Dividend yield | 0.64% | 1.11% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HTLD | SNDR |
|---|---|---|
| 2022 | -8.3% | -11.9% |
| 2023 | -6.5% | +10.2% |
| 2024 | -20.8% | +16.8% |
| 2025 | -18.8% | -8.0% |
| 2026 | +37.3% | +33.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HTLD and SNDR good diversifiers for each other?
Somewhat, no more. With 0.69 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between HTLD and SNDR?
Using weekly returns as of 2026-08-27: 0.69 over 3 years, with 0.76 over the last year and 0.68 over 5 years.
Is SNDR a good diversifier for HTLD?
Somewhat, no more. With 0.69 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.69 mean?
On the −1 to +1 scale, 0.69 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/htld-vs-sndr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/htld-vs-sndr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HTLD correlations · SNDR correlations
