MRTN vs SNDR: Correlation
Measured on weekly returns over the past three years, Marten Transport, Ltd. (MRTN) and Schneider National, Inc. (SNDR) carry a correlation of 0.69, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MRTN and SNDR?
Across a 3-year window, the weekly returns of MRTN and SNDR correlate at 0.69, strong. Little has changed lately, as the 1-year reading of 0.71 lands near the 3-year figure. Stretching to 5 years gives 0.68, with an annualized covariance of 595.4 %².
By 3-year correlation, SNDR places #7 of the 21 assets tracked against MRTN. Their recent paths diverged sharply: over the last 12 months SNDR outperformed by 19.9 percentage points (+23.4% for MRTN 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.
MRTN vs SNDR: side by side
| MRTN (Marten Transport, Ltd.) | SNDR (Schneider National, Inc.) | |
|---|---|---|
| 1-year return | +23.4% | +43.3% |
| 5-year return | -1.0% | +63.2% |
| Volatility (ann.) | 28.6% | 30.0% |
| Beta vs S&P 500 | 0.78 | 0.52 |
| Max drawdown (3Y) | -54.8% | -38.8% |
| Market cap | $1.2B | $6.2B |
| P/E (trailing) | 96.4 | 55.1 |
| Dividend yield | 1.66% | 1.11% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MRTN | SNDR |
|---|---|---|
| 2022 | +16.7% | -11.9% |
| 2023 | +7.3% | +10.2% |
| 2024 | -24.6% | +16.8% |
| 2025 | -25.7% | -8.0% |
| 2026 | +28.1% | +33.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MRTN 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 MRTN and SNDR?
Using weekly returns as of 2026-08-27: 0.69 over 3 years, with 0.71 over the last year and 0.68 over 5 years.
Is SNDR a good diversifier for MRTN?
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?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mrtn-vs-sndr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mrtn-vs-sndr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MRTN correlations · SNDR correlations
