SLNG vs SND: Correlation
Stabilis Solutions, Inc. (SLNG) and Smart Sand, Inc. (SND) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SLNG and SND?
Across a 3-year window, the weekly returns of SLNG and SND correlate at 0.35, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.54 versus 0.35 over 3 years. Stretching to 5 years gives 0.22, with an annualized covariance of 1405.5 %².
In SLNG's tracked universe of 12 assets, SND sits right near the top at #1. Their recent paths diverged sharply: over the last 12 months SND outperformed by 126.0 percentage points (+43.5% for SLNG against +169.5% for SND).
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.
SLNG vs SND: side by side
| SLNG (Stabilis Solutions, Inc.) | SND (Smart Sand, Inc.) | |
|---|---|---|
| 1-year return | +43.5% | +169.5% |
| 5-year return | -16.1% | +141.8% |
| Volatility (ann.) | 69.9% | 57.5% |
| Beta vs S&P 500 | 0.39 | 0.34 |
| Max drawdown (3Y) | -58.7% | -33.3% |
| Market cap | $0.1B | $0.2B |
| P/E (trailing) | – | 19.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SLNG | SND |
|---|---|---|
| 2022 | +25.8% | +0.6% |
| 2023 | -22.0% | +7.8% |
| 2024 | +28.9% | +22.1% |
| 2025 | -15.0% | +89.8% |
| 2026 | +28.4% | +31.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SLNG and SND good diversifiers for each other?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between SLNG and SND?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.54 over the last year and 0.22 over 5 years.
Is SND a good diversifier for SLNG?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 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/slng-vs-snd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/slng-vs-snd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SLNG correlations · SND correlations
