SNDR vs WERN: Correlation
Schneider National, Inc. (SNDR) and Werner Enterprises, Inc. (WERN) show a strong relationship: their 3-year correlation of weekly returns is 0.77.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SNDR and WERN?
Across a 3-year window, the weekly returns of SNDR and WERN correlate at 0.77, strong. The relationship has been stable: the 1-year correlation (0.81) sits close to the 3-year figure. Stretching to 5 years gives 0.79, with an annualized covariance of 692.6 %².
In SNDR's tracked universe of 14 assets, WERN sits right near the top at #1. Over the last 12 months SNDR came out ahead by 7.3 percentage points (+43.3% against +36.0%).
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.
SNDR vs WERN: side by side
| SNDR (Schneider National, Inc.) | WERN (Werner Enterprises, Inc.) | |
|---|---|---|
| 1-year return | +43.3% | +36.0% |
| 5-year return | +63.2% | -14.3% |
| Volatility (ann.) | 30.0% | 29.9% |
| Beta vs S&P 500 | 0.52 | 0.80 |
| Max drawdown (3Y) | -38.8% | -44.5% |
| Market cap | $6.2B | $2.3B |
| P/E (trailing) | 55.1 | – |
| Dividend yield | 1.11% | 1.44% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SNDR | WERN |
|---|---|---|
| 2022 | -11.9% | -14.4% |
| 2023 | +10.2% | +6.6% |
| 2024 | +16.8% | -14.2% |
| 2025 | -8.0% | -14.9% |
| 2026 | +33.7% | +30.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SNDR and WERN good diversifiers for each other?
Somewhat, no more. With 0.77 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between SNDR and WERN?
The SNDR/WERN correlation stands at 0.77 on a 3-year window (1 year: 0.81, 5 years: 0.79), computed from weekly returns as of 2026-08-27.
Is WERN a good diversifier for SNDR?
Somewhat, no more. With 0.77 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.77 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/sndr-vs-wern.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sndr-vs-wern/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SNDR correlations · WERN correlations
