BP vs JJSF: Correlation
BP p.l.c. (BP) and J & J Snack Foods Corp. (JJSF) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BP and JJSF?
Over the past 3 years, BP and JJSF moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.23 over 1 year against -0.23 over 3. Over 5 years the correlation is -0.17, and the annualized covariance of weekly returns is -187.5 %².
By 3-year correlation, JJSF places #20 of the 26 assets tracked against BP. Their recent paths diverged sharply: over the last 12 months BP outperformed by 47.6 percentage points (+27.6% for BP against -20.0% for JJSF).
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.
BP vs JJSF: side by side
| BP (BP p.l.c.) | JJSF (J & J Snack Foods Corp.) | |
|---|---|---|
| 1-year return | +27.6% | -20.0% |
| 5-year return | +119.9% | -39.4% |
| Volatility (ann.) | 26.6% | 30.3% |
| Beta vs S&P 500 | 0.06 | 0.31 |
| Max drawdown (3Y) | -30.6% | -59.2% |
| Market cap | $109.0B | $1.6B |
| P/E (trailing) | 20.3 | 34.4 |
| Dividend yield | 0.79% | 3.61% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BP | JJSF |
|---|---|---|
| 2022 | +37.0% | -3.4% |
| 2023 | +6.0% | +13.7% |
| 2024 | -11.8% | -5.4% |
| 2025 | +24.5% | -40.0% |
| 2026 | +26.4% | -0.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BP and JJSF good diversifiers for each other?
Yes. With a correlation of -0.23, BP and JJSF have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BP and JJSF?
As of 2026-08-27, the correlation of weekly returns between BP and JJSF is -0.23 over 3 years, -0.23 over 1 year and -0.17 over 5 years.
Is JJSF a good diversifier for BP?
Yes. With a correlation of -0.23, BP and JJSF have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
A reading of -0.23 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bp-vs-jjsf.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bp-vs-jjsf/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BP correlations · JJSF correlations
