SNA vs TROW: Correlation
Measured on weekly returns over the past three years, Snap-on (SNA) and T. Rowe Price (TROW) carry a correlation of 0.61, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SNA and TROW?
On 3 years of weekly data the SNA/TROW correlation comes out at 0.61, strong. The link has loosened recently: the 1-year correlation (0.36) runs below the 3-year figure (0.61). The 5-year figure is 0.50, and annualized covariance runs at 306.1 %².
TROW is one of the assets that tracks SNA most closely: it ranks #3 out of the 34 assets we track against SNA. The last year tells two different stories: SNA led by 15.0 percentage points, +23.1% for SNA against +8.1% for TROW. On a rolling one-year basis the correlation drifted between 0.35 and 0.76, a moderate band.
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.
SNA vs TROW: side by side
| SNA (Snap-on) | TROW (T. Rowe Price) | |
|---|---|---|
| 1-year return | +23.1% | +8.1% |
| 5-year return | +99.6% | -37.0% |
| Volatility (ann.) | 21.3% | 23.5% |
| Beta vs S&P 500 | 0.70 | 1.10 |
| Max drawdown (3Y) | -20.8% | -34.0% |
| Market cap | $20.5B | $24.0B |
| P/E (trailing) | 20.2 | 11.3 |
| Dividend yield | 2.38% | 4.57% |
| Sector / category | Industrials | Financials |
Year-by-year returns
| Year | SNA | TROW |
|---|---|---|
| 2022 | +8.9% | -42.2% |
| 2023 | +29.7% | +3.4% |
| 2024 | +20.7% | +9.7% |
| 2025 | +4.3% | -4.7% |
| 2026 | +17.1% | +12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SNA and TROW good diversifiers for each other?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between SNA and TROW?
Using weekly returns as of 2026-08-27: 0.61 over 3 years, with 0.36 over the last year and 0.50 over 5 years.
Is TROW a good diversifier for SNA?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.61 mean?
A reading of 0.61 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/sna-vs-trow.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/sna-vs-trow/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SNA correlations · TROW correlations
