SHW vs SNA: Correlation
Measured on weekly returns over the past three years, Sherwin-Williams (SHW) and Snap-on (SNA) carry a correlation of 0.57, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SHW and SNA?
Over the past 3 years, SHW and SNA moved with a correlation of 0.57, which is moderate. Little has changed lately, as the 1-year reading of 0.56 lands near the 3-year figure. Over 5 years the correlation is 0.51, and the annualized covariance of weekly returns is 299.8 %².
By 3-year correlation, SNA places #28 of the 60 assets tracked against SHW. Correlation aside, the last 12 months split them widely, with SNA ahead by 28.2 points (-5.1% versus +23.1%). The rolling one-year correlation moved between 0.43 and 0.69 over the past three years, a moderate range.
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.
SHW vs SNA: side by side
| SHW (Sherwin-Williams) | SNA (Snap-on) | |
|---|---|---|
| 1-year return | -5.1% | +23.1% |
| 5-year return | +18.3% | +99.6% |
| Volatility (ann.) | 24.6% | 21.3% |
| Beta vs S&P 500 | 0.79 | 0.70 |
| Max drawdown (3Y) | -25.7% | -20.8% |
| Market cap | $83.8B | $20.5B |
| P/E (trailing) | 31.8 | 20.2 |
| Dividend yield | 0.91% | 2.38% |
| Sector / category | Materials | Industrials |
Year-by-year returns
| Year | SHW | SNA |
|---|---|---|
| 2022 | -32.0% | +8.9% |
| 2023 | +32.7% | +29.7% |
| 2024 | +9.9% | +20.7% |
| 2025 | -3.8% | +4.3% |
| 2026 | +7.3% | +17.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SHW and SNA good diversifiers for each other?
Only partially. A correlation of 0.57 means SHW and SNA 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 SHW and SNA?
Using weekly returns as of 2026-08-27: 0.57 over 3 years, with 0.56 over the last year and 0.51 over 5 years.
Is SNA a good diversifier for SHW?
Only partially. A correlation of 0.57 means SHW and SNA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.57 mean?
On the −1 to +1 scale, 0.57 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/shw-vs-sna.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/shw-vs-sna/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SHW correlations · SNA correlations
