CPB vs SJM: Correlation
How closely do The Campbell's Company (CPB) and J.M. Smucker Company (The) (SJM) trade together? Their weekly returns over three years give a correlation of 0.57, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPB and SJM?
Across a 3-year window, the weekly returns of CPB and SJM correlate at 0.57, moderate. The relationship has been stable: the 1-year correlation (0.49) sits close to the 3-year figure. Stretching to 5 years gives 0.60, with an annualized covariance of 361.8 %².
Among the 20 assets we track against CPB, SJM ranks #4 by 3-year correlation. The last year tells two different stories: SJM led by 52.7 percentage points, -22.8% for CPB 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.
CPB vs SJM: side by side
| CPB (The Campbell's Company) | SJM (J.M. Smucker Company (The)) | |
|---|---|---|
| 1-year return | -22.8% | +29.9% |
| 5-year return | -30.8% | +28.2% |
| Volatility (ann.) | 24.5% | 26.0% |
| Beta vs S&P 500 | 0.07 | 0.21 |
| Max drawdown (3Y) | -58.1% | -32.5% |
| Market cap | – | $14.1B |
| P/E (trailing) | 11.4 | 61.3 |
| Dividend yield | 6.72% | 3.38% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | CPB | SJM |
|---|---|---|
| 2022 | +34.8% | +20.1% |
| 2023 | -21.5% | -17.8% |
| 2024 | +0.1% | -9.6% |
| 2025 | -30.5% | -7.6% |
| 2026 | -12.2% | +38.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPB and SJM good diversifiers for each other?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CPB and SJM?
As of 2026-08-27, the correlation of weekly returns between CPB and SJM is 0.57 over 3 years, 0.49 over 1 year and 0.60 over 5 years.
Is SJM a good diversifier for CPB?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.57 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/cpb-vs-sjm.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cpb-vs-sjm/)
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Related comparisons
Hubs: CPB correlations · SJM correlations
