SNA vs YHGJ: Correlation
Snap-on (SNA) and Yunhong Green CTI Ltd. (YHGJ) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SNA and YHGJ?
On 3 years of weekly data the SNA/YHGJ correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.41) than the 3-year average (-0.19). The 5-year figure is -0.11, and annualized covariance runs at -372.5 %².
By 3-year correlation, YHGJ places #25 of the 34 assets tracked against SNA. Correlation aside, the last 12 months split them widely, with SNA ahead by 68.0 points (+23.1% versus -44.9%). One caveat on sizing: YHGJ is 4.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 YHGJ: side by side
| SNA (Snap-on) | YHGJ (Yunhong Green CTI Ltd.) | |
|---|---|---|
| 1-year return | +23.1% | -44.9% |
| 5-year return | +99.6% | -85.6% |
| Volatility (ann.) | 21.3% | 90.5% |
| Beta vs S&P 500 | 0.70 | -0.69 |
| Max drawdown (3Y) | -20.8% | -91.7% |
| Market cap | $20.5B | – |
| P/E (trailing) | 20.2 | – |
| Dividend yield | 2.38% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | SNA | YHGJ |
|---|---|---|
| 2022 | +8.9% | -12.6% |
| 2023 | +29.7% | +105.8% |
| 2024 | +20.7% | -74.3% |
| 2025 | +4.3% | -34.0% |
| 2026 | +17.1% | -19.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SNA and YHGJ good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between SNA and YHGJ?
The SNA/YHGJ correlation stands at -0.19 on a 3-year window (1 year: -0.41, 5 years: -0.11), computed from weekly returns as of 2026-08-27.
Is YHGJ a good diversifier for SNA?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 mean?
On the −1 to +1 scale, -0.19 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/sna-vs-yhgj.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sna-vs-yhgj/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SNA correlations · YHGJ correlations
