FISV vs SFM: Correlation
How closely do Fiserv (FISV) and Sprouts Farmers Market, Inc. (SFM) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FISV and SFM?
On 3 years of weekly data the FISV/SFM correlation comes out at 0.40, moderate. The link has tightened recently: the 1-year correlation (0.53) runs above the 3-year figure (0.40). The 5-year figure is 0.38, and annualized covariance runs at 606.6 %².
Among the 39 assets we track against FISV, SFM ranks #19 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SFM ahead by 17.9 points (-61.9% 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.
FISV vs SFM: side by side
| FISV (Fiserv) | SFM (Sprouts Farmers Market, Inc.) | |
|---|---|---|
| 1-year return | -61.9% | -44.0% |
| 5-year return | -55.0% | +228.8% |
| Volatility (ann.) | 39.2% | 39.2% |
| Beta vs S&P 500 | 0.58 | 0.38 |
| Max drawdown (3Y) | -80.2% | -63.5% |
| Market cap | $28.0B | $7.6B |
| P/E (trailing) | 10.1 | 15.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | FISV | SFM |
|---|---|---|
| 2022 | -2.6% | +9.1% |
| 2023 | +31.4% | +48.6% |
| 2024 | +54.6% | +164.1% |
| 2025 | -67.3% | -37.3% |
| 2026 | -21.7% | +1.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FISV and SFM good diversifiers for each other?
Reasonably. At 0.40, FISV and SFM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FISV and SFM?
The FISV/SFM correlation stands at 0.40 on a 3-year window (1 year: 0.53, 5 years: 0.38), computed from weekly returns as of 2026-08-27.
Is SFM a good diversifier for FISV?
Reasonably. At 0.40, FISV and SFM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 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.
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Related comparisons
Hubs: FISV correlations · SFM correlations
