PDFS vs SNEX: Correlation
Measured on weekly returns over the past three years, PDF Solutions, Inc. (PDFS) and StoneX Group Inc. (SNEX) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PDFS and SNEX?
Across a 3-year window, the weekly returns of PDFS and SNEX correlate at 0.52, moderate. The relationship has been stable: the 1-year correlation (0.54) sits close to the 3-year figure. Stretching to 5 years gives 0.38, with an annualized covariance of 926.1 %².
Among the 16 assets we track against PDFS, SNEX ranks #7 by 3-year correlation. The last year tells two different stories: PDFS led by 79.8 percentage points, +133.6% for PDFS against +53.8% for SNEX.
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.
PDFS vs SNEX: side by side
| PDFS (PDF Solutions, Inc.) | SNEX (StoneX Group Inc.) | |
|---|---|---|
| 1-year return | +133.6% | +53.8% |
| 5-year return | +105.9% | +414.2% |
| Volatility (ann.) | 47.4% | 37.4% |
| Beta vs S&P 500 | 1.55 | 0.90 |
| Max drawdown (3Y) | -58.5% | -30.2% |
| Market cap | $1.9B | $8.2B |
| P/E (trailing) | 177.5 | 18.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PDFS | SNEX |
|---|---|---|
| 2022 | -10.3% | +55.6% |
| 2023 | +12.7% | +16.2% |
| 2024 | -15.7% | +32.7% |
| 2025 | +5.4% | +45.7% |
| 2026 | +61.8% | +61.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PDFS and SNEX good diversifiers for each other?
To a limited degree. At 0.52 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 PDFS and SNEX?
As of 2026-08-27, the correlation of weekly returns between PDFS and SNEX is 0.52 over 3 years, 0.54 over 1 year and 0.38 over 5 years.
Is SNEX a good diversifier for PDFS?
To a limited degree. At 0.52 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 0.52 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.
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Related comparisons
Hubs: PDFS correlations · SNEX correlations
