EL vs SJM: Correlation
Estée Lauder Companies (The) (EL) and J.M. Smucker Company (The) (SJM) show a weak relationship: their 3-year correlation of weekly returns is 0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EL and SJM?
Over the past 3 years, EL and SJM moved with a correlation of 0.23, which is weak. Little has changed lately, as the 1-year reading of 0.20 lands near the 3-year figure. Over 5 years the correlation is 0.16, and the annualized covariance of weekly returns is 286.4 %².
Within EL's tracked universe of 35 assets, SJM comes in at #24 by 3-year correlation. The trailing year gives SJM the advantage: +16.4% versus +29.9%, a 13.5-point spread. On a rolling one-year basis the correlation drifted between -0.12 and 0.33, a moderate band. Note the risk asymmetry: EL runs 1.8 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.
EL vs SJM: side by side
| EL (Estée Lauder Companies (The)) | SJM (J.M. Smucker Company (The)) | |
|---|---|---|
| 1-year return | +16.4% | +29.9% |
| 5-year return | -66.7% | +28.2% |
| Volatility (ann.) | 47.0% | 26.0% |
| Beta vs S&P 500 | 1.28 | 0.21 |
| Max drawdown (3Y) | -68.4% | -32.5% |
| Market cap | $38.4B | $14.1B |
| P/E (trailing) | 208.3 | 61.3 |
| Dividend yield | 1.33% | 3.38% |
| Sector / category | Consumer Staples | Consumer Staples |
Year-by-year returns
| Year | EL | SJM |
|---|---|---|
| 2022 | -32.3% | +20.1% |
| 2023 | -40.1% | -17.8% |
| 2024 | -47.6% | -9.6% |
| 2025 | +42.1% | -7.6% |
| 2026 | +2.1% | +38.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EL and SJM good diversifiers for each other?
Reasonably. At 0.23, EL and SJM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EL and SJM?
Using weekly returns as of 2026-08-27: 0.23 over 3 years, with 0.20 over the last year and 0.16 over 5 years.
Is SJM a good diversifier for EL?
Reasonably. At 0.23, EL and SJM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.23 mean?
On the −1 to +1 scale, 0.23 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/el-vs-sjm.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/el-vs-sjm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EL correlations · SJM correlations
