BSIN vs SJM: Correlation
Big Sky Industrial Inc. (BSIN) and J.M. Smucker Company (The) (SJM) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BSIN and SJM?
Over the past 3 years, BSIN and SJM moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.12) runs above the 3-year figure (-0.21). Over 5 years the correlation is -0.19, and the annualized covariance of weekly returns is -414.5 %².
Among the 13 assets we track against BSIN, SJM sits near the bottom by co-movement, at rank #9. Neither side won the trailing year by much: +28.0% against +29.9%. Risk is not evenly split, since BSIN carries 2.9 times the volatility of the other side.
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.
BSIN vs SJM: side by side
| BSIN (Big Sky Industrial Inc.) | SJM (J.M. Smucker Company (The)) | |
|---|---|---|
| 1-year return | +28.0% | +29.9% |
| 5-year return | -60.2% | +28.2% |
| Volatility (ann.) | 75.7% | 26.0% |
| Beta vs S&P 500 | 0.30 | 0.21 |
| Max drawdown (3Y) | -81.8% | -32.5% |
| Market cap | $0.1B | $14.1B |
| P/E (trailing) | – | 61.3 |
| Dividend yield | 0.00% | 3.38% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | BSIN | SJM |
|---|---|---|
| 2022 | -28.2% | +20.1% |
| 2023 | -55.3% | -17.8% |
| 2024 | +63.0% | -9.6% |
| 2025 | -43.6% | -7.6% |
| 2026 | +64.1% | +38.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BSIN and SJM good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BSIN and SJM?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with 0.12 over the last year and -0.19 over 5 years.
Is SJM a good diversifier for BSIN?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 mean?
A reading of -0.21 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: BSIN correlations · SJM correlations
