FLO vs SMPL: Correlation
Measured on weekly returns over the past three years, Flowers Foods, Inc. (FLO) and The Simply Good Foods Company (SMPL) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLO and SMPL?
Across a 3-year window, the weekly returns of FLO and SMPL correlate at 0.38, moderate. The relationship has been stable: the 1-year correlation (0.38) sits close to the 3-year figure. Stretching to 5 years gives 0.37, with an annualized covariance of 383.9 %².
Within FLO's tracked universe of 15 assets, SMPL comes in at #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with FLO ahead by 15.2 points (-49.7% versus -64.9%).
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.
FLO vs SMPL: side by side
| FLO (Flowers Foods, Inc.) | SMPL (The Simply Good Foods Company) | |
|---|---|---|
| 1-year return | -49.7% | -64.9% |
| 5-year return | -63.2% | -71.3% |
| Volatility (ann.) | 26.8% | 37.3% |
| Beta vs S&P 500 | 0.20 | 0.38 |
| Max drawdown (3Y) | -68.8% | -76.2% |
| Market cap | $1.5B | $0.9B |
| P/E (trailing) | 26.8 | – |
| Dividend yield | 13.81% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FLO | SMPL |
|---|---|---|
| 2022 | +8.0% | -8.5% |
| 2023 | -18.6% | +4.1% |
| 2024 | -4.3% | -1.6% |
| 2025 | -43.6% | -48.5% |
| 2026 | -33.0% | -49.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLO and SMPL good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FLO and SMPL?
The FLO/SMPL correlation stands at 0.38 on a 3-year window (1 year: 0.38, 5 years: 0.37), computed from weekly returns as of 2026-08-27.
Is SMPL a good diversifier for FLO?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/flo-vs-smpl.json
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Related comparisons
Hubs: FLO correlations · SMPL correlations
