E vs SMPL: Correlation
How closely do ENI S.p.A. (E) and The Simply Good Foods Company (SMPL) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are E and SMPL?
Across a 3-year window, the weekly returns of E and SMPL correlate at -0.27, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.30 over 1 year against -0.27 over 3. Stretching to 5 years gives -0.11, with an annualized covariance of -222.8 %².
Out of 11 assets tracked against E, SMPL lands near the bottom at #10. The last year tells two different stories: E led by 118.2 percentage points, +53.3% for E against -64.9% for SMPL. Note the risk asymmetry: SMPL runs 1.7 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.
E vs SMPL: side by side
| E (ENI S.p.A.) | SMPL (The Simply Good Foods Company) | |
|---|---|---|
| 1-year return | +53.3% | -64.9% |
| 5-year return | +193.3% | -71.3% |
| Volatility (ann.) | 22.4% | 37.3% |
| Beta vs S&P 500 | 0.04 | 0.38 |
| Max drawdown (3Y) | -20.1% | -76.2% |
| Market cap | $76.7B | $0.9B |
| P/E (trailing) | 11.9 | – |
| Dividend yield | 0.99% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | E | SMPL |
|---|---|---|
| 2022 | +10.9% | -8.5% |
| 2023 | +26.7% | +4.1% |
| 2024 | -14.0% | -1.6% |
| 2025 | +43.8% | -48.5% |
| 2026 | +43.5% | -49.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are E and SMPL good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between E and SMPL?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with -0.30 over the last year and -0.11 over 5 years.
Is SMPL a good diversifier for E?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 mean?
A reading of -0.27 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/e-vs-smpl.json
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Related comparisons
Hubs: E correlations · SMPL correlations
