AIHS vs SJM: Correlation
How closely do Senmiao Technology Limited (AIHS) and J.M. Smucker Company (The) (SJM) trade together? Their weekly returns over three years give a correlation of 0.25, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIHS and SJM?
On 3 years of weekly data the AIHS/SJM correlation comes out at 0.25, weak. The relationship has been stable: the 1-year correlation (0.19) sits close to the 3-year figure. The 5-year figure is 0.17, and annualized covariance runs at 568.2 %².
Among the 19 assets we track against AIHS, SJM ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SJM ahead by 88.2 points (-58.3% versus +29.9%). Note the risk asymmetry: AIHS runs 3.3 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.
AIHS vs SJM: side by side
| AIHS (Senmiao Technology Limited) | SJM (J.M. Smucker Company (The)) | |
|---|---|---|
| 1-year return | -58.3% | +29.9% |
| 5-year return | -97.9% | +28.2% |
| Volatility (ann.) | 85.8% | 26.0% |
| Beta vs S&P 500 | -0.01 | 0.21 |
| Max drawdown (3Y) | -93.0% | -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 | AIHS | SJM |
|---|---|---|
| 2022 | -75.6% | +20.1% |
| 2023 | -54.6% | -17.8% |
| 2024 | +161.0% | -9.6% |
| 2025 | -90.0% | -7.6% |
| 2026 | +22.4% | +38.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIHS and SJM good diversifiers for each other?
A fair diversifier. At 0.25, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AIHS and SJM?
Using weekly returns as of 2026-08-27: 0.25 over 3 years, with 0.19 over the last year and 0.17 over 5 years.
Is SJM a good diversifier for AIHS?
A fair diversifier. At 0.25, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.25 mean?
On the −1 to +1 scale, 0.25 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: AIHS correlations · SJM correlations
