SIC 3572 Computer Storage Devices

Sandisk Corporation vs Western Digital Corporation

WatchlistSNDK / WDCPrices through Oct 22, 2026

Why these are rivals: #1 and #3 by market value ($199B vs $132B) with SEC SIC 3572 (Computer Storage Devices).

Rivals, but right now the price gap does not have a measured habit of closing, so there is no paper idea, whatever the gap.

  • Mean reversion: ADF t-statistic of the spread: -1.64 (needs <= -2.873 (5% critical value))
Business leadership

WDC is the larger business

Annual revenue reported to the SEC. Scale, not market share.

YearSNDKWDCLarger
2024$7.4B$9.5BWDC
2023$6.7B$6.3BSNDK
2022-$18.8B-
2021-$16.9B-
2020-$16.7B-

Revenue lead switched: 2024 to WDC. Market value: SNDK $199.3B, WDC $131.6B.

Stock leadership

SNDK is ahead now

Measured against the pair's own last 252 trading days.

SNDK leads WDC by 1.11 standard deviations: +47.6% over its usual price ratio. 0 lead switches in the last year.

Price change3 mo6 mo12 mo
SNDK-12.2%+35.2%+744.6%
WDC-31.9%-12.1%+191.7%
Relationship

Not a measured twin today

Only these tests can make a pair tradable on paper.

Pass
Aligned sessions: 425 (needs >= 254)
Pass
Co-movement: daily return correlation, 252 sessions: 0.73 (needs >= 0.60)
Fail
Mean reversion: ADF t-statistic of the spread: -1.64 (needs <= -2.873 (5% critical value))
Pass
Speed: half-life of the spread, sessions: 49.07 (needs <= 63)
Data
Both stocks current
The twins over two years

Prices side by side, and the gap between them

SNDK Sandisk Corporation WDC Western Digital CorporationPrice index, 100 = 2025-02-13. Tint = which stock is ahead of the pair's usual 1-year relationship (z beyond +/-0.5).
0200040006000Feb 2025Dec 2025Oct 2026SNDK 3503WDC 685
Spread z-score: SNDK relative to WDC, against the 252 sessions before each day. Above 0: SNDK ahead; below 0: WDC ahead. Lines at +/-2 (idea) and +/-4 (stop).
-4stop-2idea0+2idea+4stopFeb 2025Dec 2025Oct 2026
Data table (425 sessions)
DateSNDK indexWDC indexzAhead
2026-10-223502.58684.65+1.11SNDK ahead
2026-10-213828.39731.66+1.18SNDK ahead
2026-10-203792.72704.23+1.27SNDK ahead
2026-10-193808.67680.82+1.38SNDK ahead
2026-10-163609.17641.75+1.40SNDK ahead
2026-10-153874.53689.02+1.41SNDK ahead
2026-10-143898.17703.80+1.38SNDK ahead
2026-10-134117.58735.91+1.41SNDK ahead
2026-10-124131.47747.95+1.38SNDK ahead
2026-10-094393.94767.94+1.49SNDK ahead
2026-10-084470.72760.27+1.57SNDK ahead
2026-10-074701.17783.67+1.63SNDK ahead
2026-10-064612.39794.54+1.55SNDK ahead
2026-10-054733.78853.69+1.43SNDK ahead
2026-10-024777.75802.75+1.62SNDK ahead
2026-10-014965.81894.13+1.45SNDK ahead
2026-09-304833.03878.47+1.43SNDK ahead
2026-09-294804.89876.57+1.42SNDK ahead
2026-09-284758.03876.09+1.40SNDK ahead
2026-09-254938.33883.01+1.49SNDK ahead
2026-09-244871.17870.45+1.50SNDK ahead
2026-09-235046.03915.64+1.46SNDK ahead
2026-09-225241.78898.07+1.62SNDK ahead
2026-09-214907.33866.31+1.55SNDK ahead
2026-09-184977.28853.15+1.63SNDK ahead
2026-09-174484.42819.34+1.48SNDK ahead
2026-09-164222.14806.00+1.38SNDK ahead
2026-09-154252.49796.32+1.43SNDK ahead
2026-09-144311.08825.27+1.38SNDK ahead
2026-09-114537.08864.40+1.40SNDK ahead
2026-09-104701.64890.98+1.42SNDK ahead
2026-09-094900.47932.24+1.41SNDK ahead
2026-09-084827.75922.62+1.41SNDK ahead
2026-09-044833.33903.60+1.46SNDK ahead
2026-09-034319.42853.55+1.33SNDK ahead
2026-09-024315.00867.72+1.29SNDK ahead
2026-09-014269.08870.70+1.26SNDK ahead
2026-08-314351.94870.91+1.31SNDK ahead
2026-08-284124.94888.11+1.14SNDK ahead
2026-08-274124.86893.04+1.13SNDK ahead
2026-08-264164.92906.34+1.13SNDK ahead
2026-08-254113.25871.30+1.19SNDK ahead
2026-08-244147.56841.59+1.28SNDK ahead
2026-08-214433.56888.10+1.32SNDK ahead
2026-08-204446.17906.67+1.28SNDK ahead
2026-08-194357.97893.22+1.27SNDK ahead
2026-08-184516.06959.07+1.20SNDK ahead
2026-08-174963.471036.10+1.24SNDK ahead
2026-08-144558.64983.51+1.18SNDK ahead
2026-08-134244.75941.93+1.13SNDK ahead
2026-08-123734.14877.77+1.02SNDK ahead
2026-08-113530.69846.52+0.98SNDK ahead
2026-08-103438.67847.31+0.93SNDK ahead
2026-08-073367.25839.50+0.91SNDK ahead
2026-08-063496.06872.79+0.92SNDK ahead
2026-08-053751.391003.55+0.79SNDK ahead
2026-08-043965.611060.36+0.79SNDK ahead
2026-08-033577.861019.11+0.68SNDK ahead
2026-07-313374.531053.17+0.51SNDK ahead
2026-07-303555.441030.36+0.65SNDK ahead
2026-07-292821.92893.12+0.49near the usual relationship
2026-07-283044.72895.96+0.64SNDK ahead
2026-07-273550.64962.48+0.79SNDK ahead
2026-07-243990.441004.77+0.94SNDK ahead
2026-07-234473.141079.19+1.02SNDK ahead
2026-07-224442.421076.04+1.02SNDK ahead
2026-07-214415.001060.03+1.04SNDK ahead
2026-07-203863.75942.18+1.02SNDK ahead
2026-07-173763.39922.46+1.02SNDK ahead
2026-07-163919.67902.34+1.14SNDK ahead
2026-07-154486.11993.25+1.22SNDK ahead
2026-07-144882.831088.89+1.22SNDK ahead
2026-07-134649.921073.88+1.16SNDK ahead
2026-07-105322.001126.13+1.33SNDK ahead
2026-07-095161.861117.37+1.30SNDK ahead
2026-07-084797.721063.73+1.26SNDK ahead
2026-07-074493.611028.55+1.22SNDK ahead
2026-07-064845.641116.23+1.21SNDK ahead
2026-07-024847.221041.88+1.35SNDK ahead
2026-07-015645.061156.65+1.45SNDK ahead
2026-06-306315.921234.64+1.54SNDK ahead
2026-06-295695.531260.08+1.33SNDK ahead
2026-06-265807.531133.60+1.57SNDK ahead
2026-06-256486.111305.53+1.53SNDK ahead
2026-06-245317.941244.52+1.27SNDK ahead
2026-06-235454.441296.56+1.25SNDK ahead
2026-06-226315.921416.15+1.37SNDK ahead
2026-06-186068.751442.46+1.27SNDK ahead
2026-06-175441.111376.54+1.17SNDK ahead
2026-06-165532.081316.52+1.29SNDK ahead
2026-06-155855.171263.27+1.48SNDK ahead
2026-06-125500.281088.13+1.65SNDK ahead
2026-06-115226.421023.11+1.69SNDK ahead
2026-06-104564.53947.34+1.60SNDK ahead
2026-06-094573.721000.75+1.51SNDK ahead
2026-06-084561.111018.55+1.49SNDK ahead
2026-06-054331.44989.15+1.46SNDK ahead
2026-06-044888.001112.44+1.48SNDK ahead
2026-06-035087.501148.41+1.51SNDK ahead
2026-06-024767.671088.47+1.50SNDK ahead
2026-06-014892.861055.80+1.62SNDK ahead
2026-05-294708.281026.83+1.61SNDK ahead
2026-05-284560.111026.77+1.57SNDK ahead
2026-05-274416.501025.65+1.53SNDK ahead
2026-05-264415.421014.15+1.56SNDK ahead
2026-05-224107.47936.11+1.59SNDK ahead
2026-05-214284.00940.32+1.68SNDK ahead
2026-05-203868.22888.44+1.61SNDK ahead
2026-05-193842.47881.06+1.63SNDK ahead
2026-05-183702.81886.63+1.56SNDK ahead
2026-05-153910.03931.74+1.59SNDK ahead
2026-05-143840.89945.52+1.54SNDK ahead
2026-05-134020.08955.07+1.62SNDK ahead
2026-05-124033.39944.73+1.67SNDK ahead
2026-05-114298.78997.10+1.70SNDK ahead
2026-05-084339.83927.84+1.88SNDK ahead
2026-05-073722.11896.74+1.67SNDK ahead
2026-05-063916.61933.93+1.70SNDK ahead
2026-05-053906.44899.35+1.79SNDK ahead
2026-05-043488.50855.08+1.68SNDK ahead
2026-05-013297.22834.13+1.64SNDK ahead
2026-04-303045.86839.92+1.48SNDK ahead
2026-04-292956.14797.86+1.54SNDK ahead
2026-04-282784.31755.78+1.54SNDK ahead
2026-04-272972.78774.61+1.64SNDK ahead
2026-04-242749.72780.93+1.48SNDK ahead
2026-04-232590.08779.23+1.38SNDK ahead
2026-04-222719.64752.13+1.56SNDK ahead
2026-04-212509.69741.90+1.44SNDK ahead
2026-04-202536.17723.15+1.53SNDK ahead
2026-04-172558.31720.08+1.57SNDK ahead
2026-04-162554.08699.14+1.64SNDK ahead
2026-04-152477.00705.54+1.58SNDK ahead
2026-04-142623.50707.90+1.70SNDK ahead
2026-04-132645.83676.86+1.84SNDK ahead
2026-04-102366.03663.85+1.66SNDK ahead
2026-04-092365.47653.12+1.71SNDK ahead
2026-04-082169.17654.86+1.53SNDK ahead
2026-04-071974.44603.02+1.52SNDK ahead
2026-04-062012.86587.92+1.63SNDK ahead
2026-04-021948.86570.18+1.64SNDK ahead
2026-04-011924.25575.51+1.61SNDK ahead
2026-03-311764.83522.86+1.65SNDK ahead
2026-03-301590.28486.48+1.59SNDK ahead
2026-03-271710.64532.23+1.56SNDK ahead
2026-03-261675.47528.38+1.55SNDK ahead
2026-03-251882.94572.44+1.64SNDK ahead
2026-03-241951.33581.93+1.70SNDK ahead
2026-03-231951.36569.83+1.76SNDK ahead
2026-03-201971.42566.56+1.82SNDK ahead
2026-03-192144.69612.62+1.85SNDK ahead
2026-03-182093.58589.37+1.90SNDK ahead
2026-03-172000.47606.59+1.75SNDK ahead
2026-03-161954.53553.24+1.92SNDK ahead
2026-03-131837.83526.34+1.92SNDK ahead
2026-03-121718.94504.86+1.88SNDK ahead
2026-03-111820.64519.61+1.96SNDK ahead
2026-03-101719.14514.60+1.87SNDK ahead
2026-03-091635.36506.56+1.81SNDK ahead
2026-03-061464.81474.07+1.72SNDK ahead
2026-03-051571.08500.70+1.77SNDK ahead
2026-03-041664.06505.09+1.91SNDK ahead
2026-03-031570.58484.43+1.89SNDK ahead
2026-03-021719.67522.06+1.96SNDK ahead
2026-02-271764.89540.66+1.96SNDK ahead
2026-02-261810.83545.59+2.02SNDK ahead
2026-02-251756.61562.40+1.89SNDK ahead
2026-02-241773.67523.01+2.13SNDK ahead
2026-02-231851.36542.05+2.18SNDK ahead
2026-02-201805.47551.91+2.09SNDK ahead
2026-02-191725.25550.27+2.01SNDK ahead
2026-02-181667.78573.25+1.83SNDK ahead
2026-02-171640.53549.18n/a
2026-02-131740.44544.29n/a
2026-02-121750.81549.16n/a
2026-02-111664.83529.14n/a
2026-02-101504.56507.53n/a
2026-02-091620.56552.82n/a
2026-02-061660.97546.23n/a
2026-02-051600.56502.95n/a
2026-02-041623.75520.77n/a
2026-02-031931.97561.03n/a
2026-02-021847.89522.35n/a
2026-01-301600.69483.69n/a
2026-01-291498.06538.17n/a
2026-01-281465.64540.66n/a
2026-01-271337.31488.39n/a
2026-01-261307.78465.56n/a
2026-01-231316.19456.94n/a
2026-01-221398.44470.28n/a
2026-01-211392.47467.59n/a
2026-01-201258.67431.00n/a
2026-01-161148.94428.18n/a
2026-01-151136.78429.32n/a
2026-01-141077.25415.59n/a
2026-01-131082.81413.66n/a
2026-01-121081.31410.07n/a
2026-01-091048.36387.49n/a
2026-01-08929.28362.78n/a
2026-01-07982.11386.37n/a
2026-01-06971.19424.06n/a
2026-01-05761.33363.17n/a
2026-01-02764.56362.82n/a
2025-12-31659.39333.00n/a
2025-12-30667.28340.32n/a
2025-12-29678.47347.32n/a
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2025-04-2489.6977.65n/a
2025-04-2384.3372.87n/a
2025-04-2282.2870.90n/a
2025-04-2182.8169.51n/a
2025-04-1786.9270.57n/a
2025-04-1688.9768.85n/a
2025-04-1592.3169.45n/a
2025-04-1493.1969.24n/a
2025-04-1188.8166.50n/a
2025-04-1086.3267.40n/a
2025-04-09101.6170.17n/a
2025-04-0889.8660.99n/a
2025-04-0787.4460.23n/a
2025-04-0483.6459.03n/a
2025-04-03106.2866.01n/a
2025-04-02132.4280.76n/a
2025-04-01133.6479.04n/a
2025-03-31132.2578.15n/a
2025-03-28136.0378.52n/a
2025-03-27146.8981.01n/a
2025-03-26146.1782.38n/a
2025-03-25145.0083.87n/a
2025-03-24147.1985.65n/a
2025-03-21149.8984.39n/a
2025-03-20156.1486.04n/a
2025-03-19156.4786.79n/a
2025-03-18156.7285.71n/a
2025-03-17154.5886.50n/a
2025-03-14152.2886.08n/a
2025-03-13134.5681.24n/a
2025-03-12140.1183.04n/a
2025-03-11144.8980.80n/a
2025-03-10147.2278.36n/a
2025-03-07141.6780.61n/a
2025-03-06129.1780.12n/a
2025-03-05134.6485.44n/a
2025-03-04135.2586.27n/a
2025-03-03139.7590.87n/a
2025-02-28130.1494.58n/a
2025-02-27125.4493.17n/a
2025-02-26129.3996.96n/a
2025-02-25133.7894.85n/a
2025-02-24135.0094.76n/a
2025-02-21139.92101.69n/a
2025-02-20134.06105.52n/a
2025-02-19127.78105.83n/a
2025-02-18130.97106.62n/a
2025-02-14101.81101.23n/a
2025-02-13100.00100.00n/a

No one-day company-specific move of 4+ standard deviations in this window. Upcoming earnings: SNDK Oct 29, 2026 (after-hours).

Paired trades

The shared paper book and the replay, kept apart

Forward paper record

No paper position on this pair yet.

Historical simulation (a diagnostic, same rules)

No simulated trade through Oct 20, 2026: the pair rarely passed every test while 2 standard deviations apart.

Per $10,000 a leg. A replay on today's companies cannot prove an edge.

The companies

SNDK and WDC at a glance

SNDK Sandisk Corporation

Listing
Nasdaq · SEC CIK 2023554
Industry
Electronic Components · SIC 3572 Computer Storage Devices
Market value
$199.3B
Price history
425 daily closes, Feb 13, 2025 to Oct 22, 2026

WDC Western Digital Corporation

Listing
Nasdaq · SEC CIK 106040
Industry
Electronic Components · SIC 3572 Computer Storage Devices
Market value
$131.6B
Price history
2,521 daily closes, Oct 12, 2016 to Oct 22, 2026

Daily prices: Nasdaq.com. Filings and industry codes: SEC EDGAR. Earnings dates: Nasdaq earnings calendar.

Related
All pairs →
PairStatusAhead nowIndustry
STX / WDCWatchlistSTX by 1.03 sdSIC 3572 Computer Storage Devices
SNDK / STXWatchlistSNDK by 0.85 sdElectronic Components

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Paper only: hypothetical paired positions with modelled costs. No broker, no orders, no real money. A historical simulation is a diagnostic, not proof of an edge. Not investment advice.