CAG vs SJM: Correlation
ConAgra Brands, Inc. (CAG) and J.M. Smucker Company (The) (SJM) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CAG and SJM?
Over the past 3 years, CAG and SJM moved with a correlation of 0.52, which is moderate. Little has changed lately, as the 1-year reading of 0.49 lands near the 3-year figure. Over 5 years the correlation is 0.59, and the annualized covariance of weekly returns is 329.6 %².
Among the 34 assets we track against CAG, SJM ranks #8 by 3-year correlation. The last year tells two different stories: SJM led by 39.7 percentage points, -9.8% for CAG against +29.9% for SJM.
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 SJM: side by side
| CAG (ConAgra Brands, Inc.) | SJM (J.M. Smucker Company (The)) | |
|---|---|---|
| 1-year return | -9.8% | +29.9% |
| 5-year return | -36.6% | +28.2% |
| Volatility (ann.) | 24.2% | 26.0% |
| Beta vs S&P 500 | -0.05 | 0.21 |
| Max drawdown (3Y) | -56.7% | -32.5% |
| Market cap | $7.7B | $14.1B |
| P/E (trailing) | – | 61.3 |
| Dividend yield | 8.65% | 3.38% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | CAG | SJM |
|---|---|---|
| 2022 | +17.5% | +20.1% |
| 2023 | -22.8% | -17.8% |
| 2024 | +1.5% | -9.6% |
| 2025 | -33.3% | -7.6% |
| 2026 | -2.1% | +38.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CAG and SJM good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CAG and SJM?
As of 2026-08-27, the correlation of weekly returns between CAG and SJM is 0.52 over 3 years, 0.49 over 1 year and 0.59 over 5 years.
Is SJM a good diversifier for CAG?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cag-vs-sjm.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cag-vs-sjm/)
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Related comparisons
Hubs: CAG correlations · SJM correlations
