CEG vs SJM: Correlation
Measured on weekly returns over the past three years, Constellation Energy (CEG) and J.M. Smucker Company (The) (SJM) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CEG and SJM?
On 3 years of weekly data the CEG/SJM correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.07 versus -0.22 over 3 years. The 5-year figure is -0.15, and annualized covariance runs at -300.0 %².
Among the 32 assets we track against CEG, SJM ranks #26 by 3-year correlation. The last year tells two different stories: SJM led by 40.0 percentage points, -10.1% for CEG against +29.9% for SJM. The relationship is regime-dependent: the rolling one-year correlation swung between -0.40 and 0.20 over the past three years, so this pair behaves very differently depending on the market environment. Risk is not evenly split, since CEG carries 2.0 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.
CEG vs SJM: side by side
| CEG (Constellation Energy) | SJM (J.M. Smucker Company (The)) | |
|---|---|---|
| 1-year return | -10.1% | +29.9% |
| 5-year return | +598.5% | +28.2% |
| Volatility (ann.) | 52.1% | 26.0% |
| Beta vs S&P 500 | 1.42 | 0.21 |
| Max drawdown (3Y) | -50.7% | -32.5% |
| Market cap | $100.1B | $14.1B |
| P/E (trailing) | 27.3 | 61.3 |
| Dividend yield | 0.58% | 3.38% |
| Sector / category | Utilities | Consumer Staples |
Year-by-year returns
| Year | CEG | SJM |
|---|---|---|
| 2022 | – | +20.1% |
| 2023 | +37.2% | -17.8% |
| 2024 | +92.7% | -9.6% |
| 2025 | +58.8% | -7.6% |
| 2026 | -19.7% | +38.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CEG and SJM 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 CEG and SJM?
As of 2026-08-27, the correlation of weekly returns between CEG and SJM is -0.22 over 3 years, -0.07 over 1 year and -0.15 over 5 years.
Is SJM a good diversifier for CEG?
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: CEG correlations · SJM correlations
