AGIG vs SJM: Correlation
Abundia Global Impact Group Inc. (AGIG) and J.M. Smucker Company (The) (SJM) show a negative relationship: their 3-year correlation of weekly returns is -0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGIG and SJM?
On 3 years of weekly data the AGIG/SJM correlation comes out at -0.29, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.32) runs above the 3-year figure (-0.29). The 5-year figure is -0.24, and annualized covariance runs at -1167.1 %².
Among the 34 assets we track against AGIG, SJM sits near the bottom by co-movement, at rank #31. Their recent paths diverged sharply: over the last 12 months SJM outperformed by 118.6 percentage points (-88.7% for AGIG against +29.9% for SJM). Note the risk asymmetry: AGIG runs 6.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
AGIG vs SJM: side by side
| AGIG (Abundia Global Impact Group Inc.) | SJM (J.M. Smucker Company (The)) | |
|---|---|---|
| 1-year return | -88.7% | +29.9% |
| 5-year return | -94.6% | +28.2% |
| Volatility (ann.) | 157.1% | 26.0% |
| Beta vs S&P 500 | -0.21 | 0.21 |
| Max drawdown (3Y) | -96.7% | -32.5% |
| Market cap | – | $14.1B |
| P/E (trailing) | – | 61.3 |
| Dividend yield | 0.00% | 3.38% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | AGIG | SJM |
|---|---|---|
| 2022 | +140.6% | +20.1% |
| 2023 | -48.0% | -17.8% |
| 2024 | -27.9% | -9.6% |
| 2025 | -84.7% | -7.6% |
| 2026 | -51.0% | +38.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGIG and SJM good diversifiers for each other?
Yes. With a correlation of -0.29, AGIG and SJM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AGIG and SJM?
The AGIG/SJM correlation stands at -0.29 on a 3-year window (1 year: 0.32, 5 years: -0.24), computed from weekly returns as of 2026-08-27.
Is SJM a good diversifier for AGIG?
Yes. With a correlation of -0.29, AGIG and SJM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.29 mean?
On the −1 to +1 scale, -0.29 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.
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Related comparisons
Hubs: AGIG correlations · SJM correlations
