LSTR vs SNDR: Correlation
Measured on weekly returns over the past three years, Landstar System, Inc. (LSTR) and Schneider National, Inc. (SNDR) carry a correlation of 0.68, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LSTR and SNDR?
On 3 years of weekly data the LSTR/SNDR correlation comes out at 0.68, strong. The relationship has been stable: the 1-year correlation (0.71) sits close to the 3-year figure. The 5-year figure is 0.71, and annualized covariance runs at 574.3 %².
By 3-year correlation, SNDR places #7 of the 23 assets tracked against LSTR. Their 12-month results are close: +39.9% for LSTR against +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.
LSTR vs SNDR: side by side
| LSTR (Landstar System, Inc.) | SNDR (Schneider National, Inc.) | |
|---|---|---|
| 1-year return | +39.9% | +43.3% |
| 5-year return | +17.0% | +63.2% |
| Volatility (ann.) | 28.2% | 30.0% |
| Beta vs S&P 500 | 0.83 | 0.52 |
| Max drawdown (3Y) | -37.5% | -38.8% |
| Market cap | $6.2B | $6.2B |
| P/E (trailing) | 47.0 | 55.1 |
| Dividend yield | 0.88% | 1.11% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LSTR | SNDR |
|---|---|---|
| 2022 | -7.3% | -11.9% |
| 2023 | +21.2% | +10.2% |
| 2024 | -9.7% | +16.8% |
| 2025 | -14.4% | -8.0% |
| 2026 | +29.2% | +33.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LSTR and SNDR good diversifiers for each other?
Only partially. A correlation of 0.68 means LSTR and SNDR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between LSTR and SNDR?
The LSTR/SNDR correlation stands at 0.68 on a 3-year window (1 year: 0.71, 5 years: 0.71), computed from weekly returns as of 2026-08-27.
Is SNDR a good diversifier for LSTR?
Only partially. A correlation of 0.68 means LSTR and SNDR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.68 mean?
A reading of 0.68 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/lstr-vs-sndr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lstr-vs-sndr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LSTR correlations · SNDR correlations
