CHD vs SJM: Correlation
Measured on weekly returns over the past three years, Church & Dwight (CHD) and J.M. Smucker Company (The) (SJM) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHD and SJM?
Across a 3-year window, the weekly returns of CHD and SJM correlate at 0.33, moderate. The relationship has been stable: the 1-year correlation (0.43) sits close to the 3-year figure. Stretching to 5 years gives 0.39, with an annualized covariance of 151.6 %².
Among the 27 assets we track against CHD, SJM ranks #15 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SJM ahead by 18.4 points (+11.5% versus +29.9%). Across three years, the rolling one-year figure varied moderately, from 0.04 to 0.50.
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.
CHD vs SJM: side by side
| CHD (Church & Dwight) | SJM (J.M. Smucker Company (The)) | |
|---|---|---|
| 1-year return | +11.5% | +29.9% |
| 5-year return | +30.0% | +28.2% |
| Volatility (ann.) | 17.6% | 26.0% |
| Beta vs S&P 500 | 0.07 | 0.21 |
| Max drawdown (3Y) | -27.3% | -32.5% |
| Market cap | $24.3B | $14.1B |
| P/E (trailing) | 33.0 | 61.3 |
| Dividend yield | 1.17% | 3.38% |
| Sector / category | Consumer Staples | Consumer Staples |
Year-by-year returns
| Year | CHD | SJM |
|---|---|---|
| 2022 | -20.4% | +20.1% |
| 2023 | +18.7% | -17.8% |
| 2024 | +12.0% | -9.6% |
| 2025 | -18.9% | -7.6% |
| 2026 | +23.2% | +38.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHD and SJM good diversifiers for each other?
Reasonably. At 0.33, CHD and SJM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CHD and SJM?
As of 2026-08-27, the correlation of weekly returns between CHD and SJM is 0.33 over 3 years, 0.43 over 1 year and 0.39 over 5 years.
Is SJM a good diversifier for CHD?
Reasonably. At 0.33, CHD and SJM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.33 mean?
On the −1 to +1 scale, 0.33 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/chd-vs-sjm.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/chd-vs-sjm/)
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Related comparisons
Hubs: CHD correlations · SJM correlations
