SND vs. SAND

Last updated Jun 3, 2026

SND (Smart Sand, Inc.) and SAND (Sandstorm Gold Ltd.) are both stocks. SND operates in Oil & Gas Equipment & Services (Energy), while SAND operates in Gold (Basic Materials). At a 0.11 correlation, their price movements are largely independent.

Performance

SND vs. SAND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Smart Sand, Inc. (SND) and Sandstorm Gold Ltd. (SAND). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SND

• 1D: 2.94%
• 1M: -8.91%
• YTD: 25.23%
• 6M: 47.34%
• 1Y: 187.54%
• 3Y*: 52.82%
• 5Y*: 15.30%
• 10Y*: —

SAND

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SND vs. SAND - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SND Smart Sand, Inc.	25.23%	89.81%	22.13%	7.82%	0.56%	3.49%	-31.75%	13.51%	-74.36%	-47.67%
SAND Sandstorm Gold Ltd.	0.00%	118.72%	12.15%	-3.32%	-14.29%	-13.53%	-3.76%	61.61%	-7.62%	27.95%

Correlation

The correlation between SND and SAND is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.14
Correlation (5Y) Calculated over the trailing 5-year period	0.20
Correlation (All Time) Calculated using the full available price history since Nov 7, 2016	0.11

The correlation between SND and SAND shifts across timeframes, from -0.05 (1 year) to 0.20 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap SND : $192.34M SAND : $3.64B
EPS SND : $0.55 SAND : $0.11
PE Ratio SND : 8.88 SAND : 105.77
PS Ratio SND : 0.54 SAND : 18.81
PB Ratio SND : 0.82 SAND : 2.55
Total Revenue (TTM) SND : $357.71M SAND : $193.59M
Gross Profit (TTM) SND : $41.22M SAND : $114.43M
EBITDA (TTM) SND : $5.95M SAND : $144.88M

Return for Risk

SND vs. SAND — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SND

SND Risk / Return Rank: 92
SND Sharpe Ratio Rank: 94
SND Sortino Ratio Rank: 88
SND Omega Ratio Rank: 91
SND Calmar Ratio Rank: 92
SND Martin Ratio Rank: 94

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SND vs. SAND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Smart Sand, Inc. (SND) and Sandstorm Gold Ltd. (SAND). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	SND	SAND	Difference
Sharpe ratio Return per unit of total volatility	2.94	—	—
Sortino ratio Return per unit of downside risk	3.02	—	—
Omega ratio Gain probability vs. loss probability	1.46	—	—
Calmar ratio Return relative to maximum drawdown	5.61	—	—
Martin ratio Return relative to average drawdown	17.53	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	SND	SAND	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.94	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.24	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.09	—	—

Drawdowns

Drawdown Indicators

	SND	SAND	Difference
Max Drawdown Largest peak-to-trough decline	-97.14%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-32.36%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-33.33%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-70.32%	—	—
Current Drawdown Current decline from peak	-73.32%	—	—
Average Drawdown Average peak-to-trough decline	-81.29%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	10.35%	—	—

Volatility

Volatility by Period

	SND	SAND	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.85%	—	—
Volatility (6M) Calculated over the trailing 6-month period	58.15%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	64.18%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	63.62%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.25%	—	—

Dividends

SND vs. SAND - Dividend Comparison

SND's dividend yield for the trailing twelve months is around 5.09%, more than SAND's 0.24% yield.

Position	TTM	2025	2024	2023	2022
SAND Sandstorm Gold Ltd.	0.24%	0.47%	1.06%	1.19%	1.17%
SND Smart Sand, Inc.	5.09%	3.75%	4.44%	0.00%	0.00%

Financials

SND vs. SAND - Profitability Comparison

The chart below illustrates the profitability comparison between Smart Sand, Inc. and Sandstorm Gold Ltd. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

SND - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Smart Sand, Inc. reported a gross profit of 6.11M and revenue of 93.11M. Therefore, the gross margin over that period was 6.6%.

SAND - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Sandstorm Gold Ltd. reported a gross profit of 33.10M and revenue of 51.42M. Therefore, the gross margin over that period was 64.4%.

SND - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Smart Sand, Inc. reported an operating income of -4.87M and revenue of 93.11M, resulting in an operating margin of -5.2%.

SAND - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Sandstorm Gold Ltd. reported an operating income of 26.02M and revenue of 51.42M, resulting in an operating margin of 50.6%.

SND - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Smart Sand, Inc. reported a net income of -3.86M and revenue of 93.11M, resulting in a net margin of -4.2%.

SAND - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Sandstorm Gold Ltd. reported a net income of 15.46M and revenue of 51.42M, resulting in a net margin of 30.1%.

Frequently Asked Questions

Can I hold both SND and SAND in my portfolio?

SND and SAND have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.