CAG vs FTFT: Correlation
How closely do ConAgra Brands, Inc. (CAG) and Future FinTech Group Inc. (FTFT) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CAG and FTFT?
On 3 years of weekly data the CAG/FTFT correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.19) sits close to the 3-year figure. The 5-year figure is -0.14, and annualized covariance runs at -815.3 %².
By 3-year correlation, FTFT places #28 of the 34 assets tracked against CAG. Correlation aside, the last 12 months split them widely, with CAG ahead by 88.6 points (-9.8% versus -98.4%). Note the risk asymmetry: FTFT runs 6.4 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.
CAG vs FTFT: side by side
| CAG (ConAgra Brands, Inc.) | FTFT (Future FinTech Group Inc.) | |
|---|---|---|
| 1-year return | -9.8% | -98.4% |
| 5-year return | -36.6% | -100.0% |
| Volatility (ann.) | 24.2% | 154.7% |
| Beta vs S&P 500 | -0.05 | 0.87 |
| Max drawdown (3Y) | -56.7% | -99.8% |
| Market cap | $7.7B | – |
| P/E (trailing) | – | 0.0 |
| Dividend yield | 8.65% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CAG | FTFT |
|---|---|---|
| 2022 | +17.5% | -72.2% |
| 2023 | -22.8% | -1.1% |
| 2024 | +1.5% | -83.1% |
| 2025 | -33.3% | -75.2% |
| 2026 | -2.1% | -95.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CAG and FTFT good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between CAG and FTFT?
The CAG/FTFT correlation stands at -0.22 on a 3-year window (1 year: -0.19, 5 years: -0.14), computed from weekly returns as of 2026-08-27.
Is FTFT a good diversifier for CAG?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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: CAG correlations · FTFT correlations
