ANDE vs SEB: Correlation
The Andersons, Inc. (ANDE) and Seaboard Corporation (SEB) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANDE and SEB?
Across a 3-year window, the weekly returns of ANDE and SEB correlate at 0.44, moderate. The link has tightened recently: the 1-year correlation (0.58) runs above the 3-year figure (0.44). Stretching to 5 years gives 0.41, with an annualized covariance of 473.5 %².
Within ANDE's tracked universe of 14 assets, SEB comes in at #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ANDE outperformed by 54.1 percentage points (+58.9% for ANDE against +4.8% for SEB).
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.
ANDE vs SEB: side by side
| ANDE (The Andersons, Inc.) | SEB (Seaboard Corporation) | |
|---|---|---|
| 1-year return | +58.9% | +4.8% |
| 5-year return | +128.7% | -4.5% |
| Volatility (ann.) | 33.1% | 32.8% |
| Beta vs S&P 500 | 0.26 | -0.07 |
| Max drawdown (3Y) | -46.9% | -37.7% |
| Market cap | $2.2B | $3.8B |
| P/E (trailing) | 12.6 | 6.0 |
| Dividend yield | 1.21% | 0.22% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ANDE | SEB |
|---|---|---|
| 2022 | -7.8% | -3.8% |
| 2023 | +67.0% | -5.2% |
| 2024 | -28.8% | -31.7% |
| 2025 | +33.8% | +83.5% |
| 2026 | +21.0% | -11.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANDE and SEB good diversifiers for each other?
Reasonably. At 0.44, ANDE and SEB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ANDE and SEB?
The ANDE/SEB correlation stands at 0.44 on a 3-year window (1 year: 0.58, 5 years: 0.41), computed from weekly returns as of 2026-08-27.
Is SEB a good diversifier for ANDE?
Reasonably. At 0.44, ANDE and SEB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ande-vs-seb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ande-vs-seb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ANDE correlations · SEB correlations
