CYD vs SFM: Correlation
Measured on weekly returns over the past three years, China Yuchai International Limited (CYD) and Sprouts Farmers Market, Inc. (SFM) carry a correlation of -0.31, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CYD and SFM?
Across a 3-year window, the weekly returns of CYD and SFM correlate at -0.31, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.18 versus -0.31 over 3 years. Stretching to 5 years gives -0.19, with an annualized covariance of -780.1 %².
Out of 11 assets tracked against CYD, SFM lands near the bottom at #11. Their recent paths diverged sharply: over the last 12 months CYD outperformed by 70.0 percentage points (+26.0% for CYD against -44.0% for SFM). One caveat on sizing: CYD is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CYD vs SFM: side by side
| CYD (China Yuchai International Limited) | SFM (Sprouts Farmers Market, Inc.) | |
|---|---|---|
| 1-year return | +26.0% | -44.0% |
| 5-year return | +236.2% | +228.8% |
| Volatility (ann.) | 64.2% | 39.2% |
| Beta vs S&P 500 | 1.06 | 0.38 |
| Max drawdown (3Y) | -44.5% | -63.5% |
| Market cap | – | $7.6B |
| P/E (trailing) | 13.8 | 15.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CYD | SFM |
|---|---|---|
| 2022 | -50.3% | +9.1% |
| 2023 | +21.6% | +48.6% |
| 2024 | +17.7% | +164.1% |
| 2025 | +281.2% | -37.3% |
| 2026 | +16.0% | +1.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CYD and SFM good diversifiers for each other?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CYD and SFM?
As of 2026-08-27, the correlation of weekly returns between CYD and SFM is -0.31 over 3 years, -0.18 over 1 year and -0.19 over 5 years.
Is SFM a good diversifier for CYD?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.31 mean?
A reading of -0.31 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/cyd-vs-sfm.json
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[](https://www.pairbook.io/pair/cyd-vs-sfm/)
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Related comparisons
Hubs: CYD correlations · SFM correlations
