KNX vs SNDR: Correlation
Knight-Swift Transportation Holdings Inc. (KNX) and Schneider National, Inc. (SNDR) show a strong relationship: their 3-year correlation of weekly returns is 0.76.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KNX and SNDR?
On 3 years of weekly data the KNX/SNDR correlation comes out at 0.76, strong. The relationship has been stable: the 1-year correlation (0.84) sits close to the 3-year figure. The 5-year figure is 0.77, and annualized covariance runs at 725.1 %².
Few assets follow KNX as closely as SNDR, which ranks #2 of 17 tracked partners. Over the last 12 months KNX came out ahead by 14.6 percentage points (+57.9% against +43.3%).
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.
KNX vs SNDR: side by side
| KNX (Knight-Swift Transportation Holdings Inc.) | SNDR (Schneider National, Inc.) | |
|---|---|---|
| 1-year return | +57.9% | +43.3% |
| 5-year return | +37.4% | +63.2% |
| Volatility (ann.) | 31.7% | 30.0% |
| Beta vs S&P 500 | 1.00 | 0.52 |
| Max drawdown (3Y) | -35.7% | -38.8% |
| Market cap | $11.2B | $6.2B |
| P/E (trailing) | 255.2 | 55.1 |
| Dividend yield | 1.09% | 1.11% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KNX | SNDR |
|---|---|---|
| 2022 | -13.2% | -11.9% |
| 2023 | +11.1% | +10.2% |
| 2024 | -6.9% | +16.8% |
| 2025 | +0.1% | -8.0% |
| 2026 | +32.6% | +33.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KNX and SNDR good diversifiers for each other?
To a limited degree. At 0.76 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between KNX and SNDR?
The KNX/SNDR correlation stands at 0.76 on a 3-year window (1 year: 0.84, 5 years: 0.77), computed from weekly returns as of 2026-08-27.
Is SNDR a good diversifier for KNX?
To a limited degree. At 0.76 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.76 mean?
On the −1 to +1 scale, 0.76 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/knx-vs-sndr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/knx-vs-sndr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KNX correlations · SNDR correlations
