REED vs SNDR: Correlation
How closely do Reed's, Inc. (REED) and Schneider National, Inc. (SNDR) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are REED and SNDR?
On 3 years of weekly data the REED/SNDR correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.36) runs below the 3-year figure (-0.25). The 5-year figure is -0.14, and annualized covariance runs at -796.7 %².
By 3-year correlation, SNDR places #24 of the 31 assets tracked against REED. Their recent paths diverged sharply: over the last 12 months SNDR outperformed by 127.4 percentage points (-84.1% for REED against +43.3% for SNDR). One caveat on sizing: REED is 3.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
REED vs SNDR: side by side
| REED (Reed's, Inc.) | SNDR (Schneider National, Inc.) | |
|---|---|---|
| 1-year return | -84.1% | +43.3% |
| 5-year return | -99.5% | +63.2% |
| Volatility (ann.) | 104.6% | 30.0% |
| Beta vs S&P 500 | -0.39 | 0.52 |
| Max drawdown (3Y) | -96.4% | -38.8% |
| Market cap | – | $6.2B |
| P/E (trailing) | – | 55.1 |
| Dividend yield | 0.00% | 1.11% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | REED | SNDR |
|---|---|---|
| 2022 | -80.6% | -11.9% |
| 2023 | -54.3% | +10.2% |
| 2024 | -60.6% | +16.8% |
| 2025 | -44.4% | -8.0% |
| 2026 | -53.6% | +33.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are REED and SNDR good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between REED and SNDR?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.36 over the last year and -0.14 over 5 years.
Is SNDR a good diversifier for REED?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 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/reed-vs-sndr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/reed-vs-sndr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: REED correlations · SNDR correlations
