CDTG vs SJM: Correlation
How closely do CDT Environmental Technology Investment Holdings Limited (CDTG) and J.M. Smucker Company (The) (SJM) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CDTG and SJM?
Over the past 3 years, CDTG and SJM moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.16 over 1 year against -0.20 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -839.4 %².
Within CDTG's tracked universe of 34 assets, SJM comes in at #15 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SJM outperformed by 122.5 percentage points (-92.6% for CDTG against +29.9% for SJM). Note the risk asymmetry: CDTG runs 6.2 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.
CDTG vs SJM: side by side
| CDTG (CDT Environmental Technology Investment Holdings Limited) | SJM (J.M. Smucker Company (The)) | |
|---|---|---|
| 1-year return | -92.6% | +29.9% |
| 5-year return | n/a | +28.2% |
| Volatility (ann.) | 160.6% | 26.0% |
| Beta vs S&P 500 | 0.42 | 0.21 |
| Max drawdown (3Y) | -99.2% | -32.5% |
| Market cap | – | $14.1B |
| P/E (trailing) | – | 61.3 |
| Dividend yield | 0.00% | 3.38% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | CDTG | SJM |
|---|---|---|
| 2022 | – | +20.1% |
| 2023 | – | -17.8% |
| 2024 | – | -9.6% |
| 2025 | -92.2% | -7.6% |
| 2026 | -87.0% | +38.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CDTG and SJM good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CDTG and SJM?
As of 2026-08-27, the correlation of weekly returns between CDTG and SJM is -0.20 over 3 years, -0.16 over 1 year and n/a over 5 years.
Is SJM a good diversifier for CDTG?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 mean?
A reading of -0.20 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/cdtg-vs-sjm.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cdtg-vs-sjm/)
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Related comparisons
Hubs: CDTG correlations · SJM correlations
