SLB vs SND: Correlation
How closely do Schlumberger (SLB) and Smart Sand, Inc. (SND) trade together? Their weekly returns over three years give a correlation of 0.55, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SLB and SND?
Across a 3-year window, the weekly returns of SLB and SND correlate at 0.55, moderate. Recent behaviour matches the longer record: 0.53 over 1 year against 0.55 over 3. Stretching to 5 years gives 0.46, with an annualized covariance of 1100.6 %².
Among the 35 assets we track against SLB, SND ranks #22 by 3-year correlation. The last year tells two different stories: SND led by 112.4 percentage points, +57.1% for SLB against +169.5% for SND. Note the risk asymmetry: SND runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
SLB vs SND: side by side
| SLB (Schlumberger) | SND (Smart Sand, Inc.) | |
|---|---|---|
| 1-year return | +57.1% | +169.5% |
| 5-year return | +117.1% | +141.8% |
| Volatility (ann.) | 35.1% | 57.5% |
| Beta vs S&P 500 | 0.57 | 0.34 |
| Max drawdown (3Y) | -46.6% | -33.3% |
| Market cap | $81.6B | $0.2B |
| P/E (trailing) | 26.2 | 19.4 |
| Dividend yield | 2.16% | 0.00% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | SLB | SND |
|---|---|---|
| 2022 | +81.2% | +0.6% |
| 2023 | -0.8% | +7.8% |
| 2024 | -24.5% | +22.1% |
| 2025 | +3.3% | +89.8% |
| 2026 | +44.9% | +31.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SLB and SND good diversifiers for each other?
Only partially. A correlation of 0.55 means SLB and SND 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 SLB and SND?
As of 2026-08-27, the correlation of weekly returns between SLB and SND is 0.55 over 3 years, 0.53 over 1 year and 0.46 over 5 years.
Is SND a good diversifier for SLB?
Only partially. A correlation of 0.55 means SLB and SND share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.55 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/slb-vs-snd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/slb-vs-snd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SLB correlations · SND correlations
