EXLS vs SFM: Correlation
ExlService Holdings, Inc. (EXLS) and Sprouts Farmers Market, Inc. (SFM) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXLS and SFM?
Across a 3-year window, the weekly returns of EXLS and SFM correlate at 0.35, moderate. Little has changed lately, as the 1-year reading of 0.34 lands near the 3-year figure. Stretching to 5 years gives 0.32, with an annualized covariance of 440.1 %².
Within EXLS's tracked universe of 47 assets, SFM comes in at #42 by 3-year correlation. Correlation aside, the last 12 months split them widely, with EXLS ahead by 30.6 points (-13.4% versus -44.0%).
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.
EXLS vs SFM: side by side
| EXLS (ExlService Holdings, Inc.) | SFM (Sprouts Farmers Market, Inc.) | |
|---|---|---|
| 1-year return | -13.4% | -44.0% |
| 5-year return | +55.2% | +228.8% |
| Volatility (ann.) | 31.7% | 39.2% |
| Beta vs S&P 500 | 0.77 | 0.38 |
| Max drawdown (3Y) | -51.3% | -63.5% |
| Market cap | $5.8B | $7.6B |
| P/E (trailing) | 23.7 | 15.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EXLS | SFM |
|---|---|---|
| 2022 | +17.0% | +9.1% |
| 2023 | -9.0% | +48.6% |
| 2024 | +43.9% | +164.1% |
| 2025 | -4.4% | -37.3% |
| 2026 | -10.0% | +1.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXLS and SFM good diversifiers for each other?
Reasonably. At 0.35, EXLS and SFM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EXLS and SFM?
The EXLS/SFM correlation stands at 0.35 on a 3-year window (1 year: 0.34, 5 years: 0.32), computed from weekly returns as of 2026-08-27.
Is SFM a good diversifier for EXLS?
Reasonably. At 0.35, EXLS and SFM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 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/exls-vs-sfm.json
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[](https://www.pairbook.io/pair/exls-vs-sfm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EXLS correlations · SFM correlations
