SNA vs USB: Correlation
Snap-on (SNA) and U.S. Bancorp (USB) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SNA and USB?
Across a 3-year window, the weekly returns of SNA and USB correlate at 0.56, moderate. The relationship has been stable: the 1-year correlation (0.47) sits close to the 3-year figure. Stretching to 5 years gives 0.51, with an annualized covariance of 324.2 %².
Within SNA's tracked universe of 34 assets, USB comes in at #14 by 3-year correlation. On 12-month performance USB holds a 10.0-point edge, +23.1% against +33.1%. The rolling one-year correlation moved between 0.29 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.
SNA vs USB: side by side
| SNA (Snap-on) | USB (U.S. Bancorp) | |
|---|---|---|
| 1-year return | +23.1% | +33.1% |
| 5-year return | +99.6% | +36.0% |
| Volatility (ann.) | 21.3% | 27.3% |
| Beta vs S&P 500 | 0.70 | 1.09 |
| Max drawdown (3Y) | -20.8% | -30.6% |
| Market cap | $20.5B | $97.2B |
| P/E (trailing) | 20.2 | 12.5 |
| Dividend yield | 2.38% | 3.31% |
| Sector / category | Industrials | Financials |
Year-by-year returns
| Year | SNA | USB |
|---|---|---|
| 2022 | +8.9% | -19.1% |
| 2023 | +29.7% | +4.8% |
| 2024 | +20.7% | +15.6% |
| 2025 | +4.3% | +16.5% |
| 2026 | +17.1% | +19.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SNA and USB good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between SNA and USB?
The SNA/USB correlation stands at 0.56 on a 3-year window (1 year: 0.47, 5 years: 0.51), computed from weekly returns as of 2026-08-27.
Is USB a good diversifier for SNA?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 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/sna-vs-usb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/sna-vs-usb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SNA correlations · USB correlations
